News

With the need to adapt quickly to new operational norms brought on by the ongoing COVID-19 pandemic, Jamaican manufacturer Red Stripe says building digital capacity over time has helped the company to pivot faster and craft a crisis-resilient business strategy. Severe disruptions to global supply chains have thrown whole industries off kilter, with many organisations struggling to balance the health and social well-being of their workforce with the...

Nestlé Jamaica Limited (NJL) has announced its re-entry into the powdered milks category, thanks to its recently inked co-manufacturing deal with Dairy Industries Jamaica Limited (DIJL). The agreement has formalised DIJL’s production of Nestlé EveryDay milk powder in its production facility in Kingston since March 2020. The partnership demonstrates Nestlé’s confidence in DIJL’s capacity to deliver both the quality standards and manufacturing expertise needed for the highly competitive...

Lasco Financial Services Limited, LFSL, has hand-picked a few business operators from within the micro, small and medium-sized sector for a test run of a new tech-driven cashless business model system, designed especially, but not exclusively, for MSMEs that are among Jamaica’s large unbanked population. The microfinance company has gone ahead and invested in a full-service e-commerce platform that allows for the business owners to set up a...

MBJ Airports Limited will use the recently secured US$60 million loan from Scotiabank to upgrade the Sangster International Airport (SIA) in Montego Bay. The upgrade project includes the expansion of the departures retail area, which will feature increased circulation space and an improved retail experience for passengers. The retail departures area will offer more seating, improved natural lighting, entertainment and exciting retail offerings that will create a memorable...

Caribbean Flavours and Fragrances Limited says it has made a breakthrough in Suriname. The manufacturer has been supplying new products to the Surinamese market in addition to other flavours to newly-acquired customers in the beverage manufacturing segment within the region. In its newly released annual report, the company said active work has commenced in other regional markets. “Based on two exploratory missions undertaken during this financial reporting period,...

Local entrepreneurs are being encouraged to use qualitative and quantitative research methods to access data and information to grow their business on a budget. Speaking at a Jamaica Business Development Corporation (JBDC) weekly online series, ‘JBDC Virtual Biz Zone’, today (September 9), Chief Executive Officer of Blue Dot Insights, Larren Peart, said entrepreneurs should have a few specific objectives before embarking on research, be open to using non-traditional...