My Thoughts on Technology and Jamaica

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Saturday, January 12, 2019

Samsung Galaxy Note9’s Water Carbon Cooling System and the quest for week-long battery life

Powered by faster chips, beefy graphics cards, and enough RAM to game like a console, modern smartphones have become more like laptops in our pockets.

Designed for those that want to do more, the Galaxy Note9 pushes the envelope further, featuring the latest and greatest chip sets, up to 8GB RAM, and a 4,000mAh battery as detailed in my Geezam article entitled Samsung Galaxy Note 9 is For Those Who Want the Galaxy and Beyond”.

But with all that power under the hood it takes some engineering magic to make sure that all the components stay cool while you’re gaming or doing some intense multitasking.

Samsung has innovated smartphone cooling on the Galaxy Note9 with its all-new Water Carbon Cooling system. Water cooling first debuted on the Galaxy S7.

The Galaxy Note9 improves both the capacity and efficiency of smartphone cooling. So how did they make it happen?

Samsung Note 9 - The thermal throttling problem

The problem is that making phones with batteries that can last all day and play console-quality games comes at a cost: heat.

When a phone’s internals become too hot, the CPU slows down. This a problem known as thermal throttling which leads to a loss in performance.

Thus a good cooling system addresses the following problems:

  1. Sluggish gameplay
  2. Poor multi-tasking

The Galaxy Note9 had an ambitious set of goals. Samsung wanted to create a phone with a battery that could last all day, provide a PC-like experience with Samsung DeX as noted in Samsung DeX Offers Linux on Galaxy and Productivity on the Go”, and handle graphic-intense games like Fortnite.

This means putting in a 4,000mAh battery and the latest 2.7GHz mobile processor, which would challenge the phone’s performance. Thus the new cooling system needed to be both faster and more efficient than previous generations.

Samsung's solution to thermal throttling - Water Carbon Cooling

When Samsung had launched the Galaxy S7, they'd introduced a new type of water-based cooling into our phones.

It used a porous thermal spreader filled with water, which absorbed the heat and turned into steam and then carried the heat away through a pipe. Once the heat dissipated, the steam condensed into water again.
 
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This system was the blueprint for the Water Carbon Cooling system in the Galaxy Note9, but bigger and more efficient.

The most difficult part of improving the cooling system was to make it more efficient. The original system was thin and used two Thermal Interface Materials (TIM), one made of highly conductive carbon fiber, to transfer heat away from the processor. This takes advantage of the face that graphite and diamond are very good non-metallic conductors of heat.

Samsung's solution was to add a layer of copper between the two TIMs, making it possible to transfer more heat between the two materials for more efficient heat dissipation. Samsung also engineered a wider thermal spreading pipe, coming in at 350mm3 compared to the Galaxy S9’s 95mm3, to dissipate heat over a wider surface area.

Samsung's long-term goal - Batteries that last for weeks, not days

Thanks to the improved Water Carbon Cooling system, the Galaxy Note9 can effectively manage heat generated from its powerful processor. With the wider thermal spreader and enhanced Carbon Fiber interface, the cooling system conducts and transmits heat efficiently to the surface of the device

This allows the Galaxy Note9 to operate at peak performance consistently. When compared to the Galaxy Note8, the upgraded cooling system’s heat absorption is three times greater and the thermal conductivity is 3.5 times higher.

Water Carbon Cooling is an innovative solution to a problem involving battery performance. Hopefully in the future they will have Hydrogen fuel cell batteries as described in my blog article entitled “How Intelligent Energy Hydrogen Fuel Cell can give Apple products weeks of battery life by 2017” that will make batteries last an entire week or even months.

Saturday, January 5, 2019

How the Jamaican Plastic Ban is creating Entrepreneurs but Styrofoam Alternatives needed


Happy 2019 everybody!!!

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Back in the writer's chair on my blog after spending much time adjusting to teaching at a new school, Calabar High School. But blogging is my passion and I intend to keep going, as I prefer to be tired than broke!!!

It has finally happened and it's now official!!!

The ban on single-use plastic bags, straws and Styrofoam is now in place as of January 1st 2019 as reported in the article “Plastic ban begins tomorrow, Vaz updates the public”, published Monday December 31, 2018, The Jamaica Gleaner.



Ministry of Economic Growth and Job Creation Daryl Vaz is quite insistent that this ban be kept in place. The maximum fine under the Trade Act (Trade Plastic Packing Material Order) 2018, is $2,000,000, while under the NRCA (Plastic Packaging Prohibiting) Order 2018, the fine is $50,000.

I've been expecting this since February 2018, as noted on my blog article entitled “How a Ban on Styrofoam, Plastics needs Recycling Initiative to save the Jamaican Environment” so this is quite a New Years Present!!

Both Orders carry a term of imprisonment of two years, respectively.

And naturally, a lot of Jamaican were caught off guard, as truth be told, Daryl Vaz made this announcement back in September 2018 as noted in the article “Gov't bans single use shopping bags, plastic straws, Styrofoam effective January 1, 2019”, published Monday, September 17, 2018, . The Jamaica Gleaner



So we really had only 4 months to prepare!!! With the threat of such a hefty fine hanging over the heads of retailers and Jamaicans alike, was the public adequately prepared for what was to come?

Plastic Ban - Ban needed on Plastic used in packaging

I personally support this as I've been calling for it for a long time on my blog as noted in my blog article “How Plastic Bottles and Styrofoam may soon be banned in Jamaica”.


In fact, Jamaica can also recycle 500ml Plastic bottles, but the return for collecting Plastic must be at least JA$100 per bottle for it to work successfully as noted in my blog article entitled “How JA$100 for recycling 500ml Plastic bottles and Styrofoam Ban will save Jamaica's Environment”.


Still there will be resistance, especially from members of the informal sector i.e. vendors who sell cooked food, who use styrofoam containers to sell food as noted in the article “Now what? Vendors question options after plastic ban”, published Friday December 28, 2018, The Jamaica Gleaner.

So are there any alternatives to single-use plastic bags, straws and Styrofoam?

Alternatives available - Biodegradable Bags and Bamboos straws but no Styrofoam replacement

Alternatives are available as at least three (3) companies have popped out of nowhere, mostly run by young entrepreneurs to supply alternatives to single-use plastic bags, straws.

First, there is a start-up called Creative People Tings.

Albeit their website, www.tpctings.com, is currently down, much is known about their early success as noted in the article “‘Nuh Inna Di Scandal': Young entrepreneurs create stylish totes to replace plastic bags”, published Tuesday January 1, 2019, The Jamaica Gleaner.

Creative People Tings sells cloth tote bags and have been thoughtful enough not to use plastic in their packaging, as noted by director of operations, Marc Gayle, quote: "One of the things that we've debated [among] ourselves is not using plastic in our packaging. So we decided, early, to use cloth strings and paper tags to label our bags, as well as package them in paper bags".

Then there is Samo Johnson, CEO of Eco-tings Jamaica, who is offering alternatives to almost everything that is being banned and all of them are reusable as noted in the article “Plastic Ban | Eco-tings Jamaica providing plastic alternatives”, by Danae Hyman, published Friday December 28, 2018, The Jamaica Gleaner.

Finally, there is an more official looking company that has been up and running for almost a year called SavGore that has been selling customizable biodegradable bags as noted in the article “Plastic Ban | Savgore Limited to sell eco-friendly bags to public”, published Wednesday January 2, 2019, The Jamaican Gleaner.

I'm still yet to see any alternative to Styrofoam; I suspect Wisynco is working on a biodegradable alternative as they're hinted in my blog article entitled “Why Wisynco making coloured Biodegradable Styrofoam heralds Beeswax Cardboard Packaging”.

Plastic removal from Jamaica - Plastic Packaging needs to go as well

I've made it know that plastic Bottles should be next on the radar, preferably being removed gradually by taxation of their usage as noted in my blog article entitled “CARPI Taxation and Recycling Partners of Jamaica Bottle Deposit Scheme will eliminate Plastics by 2025”.


They are a threat to our health in the long term as studies have shown that they may be getting into our foods as noted in my blog article entitled “University of East Anglia's School of Chemistry discovers microplastic in Bottled Water”.

But equally as troubling as single-use plastic Bags is plastic packaging.

It's really irritating to have to purchase an item in a plastic bag, only to then have to take that item out of the plastic bag and now have to throw it away or find some use for that additional bit of plastic.

Getting rid of single use plastic bags should start with foods, especially common ones such as flour and sugar as noted in my blog article entitled “BSJ's NCRA Standardized packaging of Flour and Rice heralds more packaged products

Otherwise we will soon be dying of illnesses due to plastics in our foods and experience continued flooding of our roadways due to plastic clogging our drains.

Wednesday, January 2, 2019

Jamaicans and Cloud Storage - Why Google Drive is the best paid Cloud Service

The cloud trend for storing files is not going to go away in 2018….and it is set to make a huge splash in 2019.

Most regular consumers and businesses rely on local storage hardware and infrastructure as explained in my Geezam blog article entitled “How to do Physical Backup using DVD and CD and Best software” to keep their precious files easily accessible on the web.

However, which one is best for you in 2019?

There are so many cloud storage providers out there as I had done ca list a long time ago as noted in my Geezam blog article entitled “How to Backup your Data using the a List of the Best Free Backup Solutions”; one has to choose a cloud storage wisely for the long term, preferably using the following criteria:

  1. Maximum amount of Storage measured in GB
  2. low-cost storage
  3. Adequate bandwidth for uploading
  4. Safe and secure storage, especially for sensitive data

To this end, I've compiled a list of my favourites I've used over the years as well as other new on the scene worth mentioning. They all offer free and paid options, but based on the quality of service many of them offer, you will not find it hard to upgrade to their paid services,

This as many of them offer encryption options for your precious data.

Cloud storage - 2019 is gonna be a great year

Ok so as to make thing simple, here are my main file storage solutions arranged in an easy to read table:


Name
Free Storage
Paid Storage
Website
Dropbox
2GB
1TB for $10 a month with Dropbox Plus
2TB for $19.99 a month
https://www.dropbox.com/
Google Drive
15GB free
100GB for $1.99 a month
200GB for $2.99 a month
2TB for $9.99 a month
10TB for $99.99 a month
20TB for $199.99 a month
30TB for $299.99 a month

https://www.google.com/drive/
Mega
50GB free
200GB for $6 a month
1TB for $12 a month
4TB for $23 a month
8TB for $35 a month
https://mega.nz/
OneDrive
5GB free
50GB for $3 a month
1TB for $8 a month
5TB for $11 a month
https://onedrive.live.com/
iCloud
5GB free
50GB for $0.99 a month
200GB for $2.99 a month
2TB for $9.99 a month
https://www.icloud.com/
Box
10GB free
100GB for around $10 a month
https://www.box.com/home
IDrive
5GB free
2TB for $52 a year
250GB for $74.62 a year
https://www.idrive.com/
pCloud
20GB free
500GB for $3.99 paid annually
2TB for $7.99 paid annually
500GB for 175$ for life
2TB for 350$ for life
https://www.pcloud.com/

As you can see, they all have paid options.

Personal cloud - NextCloud lets you DIY

Of special note is NextCloud, which is a self-hosting cloud storage solution that allows you to set up your own cloud-storage center. They offer a free software to download and install a cloud storage service.

This means that you are effectively dedicating a computer to become a Cloud server on your Home or Office Network and thus you benefit from faster storage and data access speeds. NextCloud also offers encryption, making it pointless for hackers to steal your data

Newbies to Server installation and maintenance can purchase a pre-configured NextCloud Box with 1TB HD, but I recommend that you get the experience of DIY (Doing it Yourself).
Google Drive - At US$19.99, they are the best cloud storage by far

My main go-to solution is Google Drive, but Dropbox is the all-time favourite, even with my students at the High School I teach, mainly because its been around the longest.
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But you won't go wrong paying for Google Drive cloud storage......as their prices for 100GB which is US$19.99 for the year is quite reasonable.

Thursday, August 30, 2018

Digicel MyCash is Sagicor SWYPE powered by MasterCard on their 4G LTE Network


We at Sagicor, along with our partners, Digicel Group (through its subsidiary Prism Services Jamaica) and Mastercard, are delighted to be providing this innovative and unprecedented level of customer convenience to our Jamaican consumers, both here at home and in the USA; MyCash is not only revolutionary in how it works, but the beauty of this product is that it is suitable for everyone”

President and CEO of Sagicor Group Jamaica , Christopher Zacca, commenting on the launch of Digicel MyCash.

The long awaited coming of Mobile money from Digicel has finally happened.

Their Digicel Money Prepaid MasterCard is to be called MyCash, was officially launched on Monday August 27 2018 as reported in the article “Sagicor Bank Joins Digicel Group, Mastercard For Official Launch Of MyCash”, published Monday August 27, 2018, The Jamaica Gleaner.

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The Digicel Money Prepaid MasterCard and app paired with the card for subscribers, will be powered by Master card and have local support from Sagicor through its subsidiary Prism Services Jamaica . It'll allow subscribers to utilize the product in multiple countries via ATMs, technically making it the first Mobile Money product launched in Jamaica that can be used abroad.

Digicel will become the third local mobile money provider alongside Quisk from NCB and GK MPay from GraceKennedy. Both GK MPay and Quisk are mainly being used to purchase phone credit as I'd pointed out in my Geezam blog article entitled “How to get Jamaicans to use Quisk, GK MPay for more than just Phone Credit”.

This is a long time coming for Digicel, who have been hinting at plans to launch a Mobile money platform for some time as reported in my blog article entitled “Why Digicel's purchase of Paymaster means Mobile Money is launching in 2016”.

In that article, I had projected a launch of the product in 2016, possibly as a push into bill payment in partnership with Paymaster.

Curiously, Sagicor had already launched their own product powered by Master card called SWYPE as I'd pointed out in my blog article entitled “How Sagicor Bank's SWYPE challenges QUISK, GK MPay for Mobile Money Dominance”.

Now they've partnered with some different players, with Sagicor a newcomer to the Mobile Money platform with SWYPE.

So what exactly is MyCash?

Digicel launches MyCash - Powered by MasterCard

Digicel is by no means a new player to Mobile money.

They already have a successful services in operation in Haiti called Tcho Tcho Mobile powered by Scotia Bank. Back then in 2014, then CEO Denis O' Brien had hinted at a similar service for Jamaica as noted in my blog article entitled “Digicel's Mobile Money Service in 2014 - Haiti Tcho Tcho with ScotiaBank heralds Cashless Society by 2015”.

MasterCard is also making their presence felt in Jamaica, with a partnership with Alliance Group of Companies to power their Alliance Prepaid MasterCard that may empower children with their own card as predicted in my blog article entitled “How Alliance Prepaid MasterCard makes Electronic Transactions for Children and Moneygram e-commerce possible”.

MasterCard is quite keen on getting into Jamaica as their rival VISa is already visible all over the island, to quote Territory Manager for the Caribbean at MasterCard, Marcelo Tangioni: “We are glad to offer the power of our network, the strength of our brand and our technology expertise to help bringing this project to life”.

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Digicel initially planned to launch its Jamaican card in April 2017. But regulatory issues with the BOJ (Bank of Jamaica) means that they had to reign in their plans that have been circulating since 2014.

However, BOJ Senior Deputy Governor John Robinson confirmed on Thursday August 16th 2018 that the central bank has given approval for Sagicor Bank, in partnership with Digicel, to offer an electronic retail payment service card.

Now they are finally ready and they sound very organized, especially as they are partnering with Sagicor and MasterCard and already have a mobile money app as reported in the article “Sagicor Partners With Digicel To Roll Out Mobile Money App”, Published Friday August 17, 2018, by Avia Collinder, The Jamaica Gleaner.

So is MyCash a rebranding of SWYPE?

Digicel and Sagicor - MyCash rebranding a boost to Sagicor SWYPE

Digicel and Sagicor's aim is to make MyCash a universal card that can work at any ATM as well as suit the Jamaican travelled.

So says Digicel Jamaica's spokesman, Elon Parkinson, quote: “With a shared vision of breaking down the barriers to financial inclusion, Sagicor Bank, Digicel and MasterCard have been working together to deliver a mobile money service that will meet the specific needs and requirements of our Jamaican consumers”.

To apply for a MyCash prepaid Mastercard, Jamaican customer have to do the following:

  1. Download the MyCash app
  2. Register via the MyCash App
  3. Visit any of the 16 Sagicor branches island-wide to validate their ID
  4. Collect their MyCash card
  5. Add cash to the card

MyCash has been successfully piloted over the last few months and is now available to the public. There are minimal transaction fees but MyCash is the first of its kind in the market as it boasts the following features:

  1. No sign-up fees
  2. No need for a bank account
  3. No tedious application form
  4. No credit-checks

The MyCash product, which will come to market before December 2018, will allows customers to do the following:

  1. Send and receive money locally
  2. Check account balances
  3. Shop
  4. Cash transactions at ATMs

Sounds familiar? it should, as that's the same thing that SWYPE was aiming to do as noted in my blog article entitled “How Sagicor Bank's SWYPE challenges QUISK, GK MPay for Mobile Money Dominance”.

Digicel MyCard may well be a rebranding of Sagicor's SWYPE; very little advertising has been done by Sagicor since they launched SWYPE. I suspect Sagicor is afraid they may end up going the way of CONEC Mobile, the JCCUL (Jamaica Co-operative Credit Union League).

The JCCUL, the original pioneer of Mobile Money in Jamaica, launched in 2013 and rebranded as JCUES and then CONEC, as reported in my blog article entitled “JCUES now CONEC Mobile Wallet - Why CONEC Mobile Wallet still inconvenient despite Paymaster”.

It suffered from having a cumbersome website interface and an app that did not work reliably. So it died in December 2017 due to these factors as well as a lack of proper marketing as noted in my Geezam blog article entitled “JCCUL Shutters CONEC Mobile Wallet, leaving Quisk and MPay in the Race”.

So their management may have decided to just partner with Digicel, especially as their MPOS (Mobile Point of Sale) device needs a reliable 4G LTE ready telecom infrastructure and Digicel is the best partner to have, both as a platform as well as an advertising partner!

Hopefully they will include doing e-commerce and shopping online, something that seems to be missing from other entrants into the Mobile Money space.

Sunday, August 19, 2018

Why JSE and Blockstation partnership heralds GOJ Cryptocurrency by 2030


“We are also proud to be at the forefront of bringing innovation to capital markets. We are very comfortable moving forward based on the training and support provided by Blockstation, and because their trading platform incorporates familiar compliance rules to ensure a fair marketplace”

JSE Managing Director Marlene Street Forrest commenting on their latest MOU signed with Blockstation to look into cryptocurrency trading

Jamaican, the Cryptocurrency revolution is coming to Jamaica thanks to the JSE (Jamaica Stock Exchange).

They are currently in talks with Toronto-based fintech company Blockstation to do local cryptocurrency trading as reported in the article “Jamaica Stock Exchange Exploring Cryptocurrency Trading”, Published Sunday August 19, 2018, The Jamaica Gleaner. 

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There is considerable investor interest in cryptocurrencies. To this end, the JSE has signed a MOU (memorandum of understanding) to pave the way for future collaboration on such a venture.

In fact, as far back as April 2017, they had signed another MOU with Veritaseum LLC to look into the possibility of doing cryptocurrency trading as noted in the article “JSE looks to introduce blockchain technology”, published Wednesday, August 09, 2017 by Karena Bennett, The Jamaica Observer.

 So what does the Bank of Jamaica (BOJ), who regulates foreign exchange, electronic payments and mobile money, have to say about this?

BOJ and cryptocurrency - A Quick introduction as the BOJ moves slowly

So far they've been silent, albeit thy made comment on the potential benefits of cryptocurrencies as a\far back as 2017 as noted in the article “BOJ seeking to build awareness on cryptocurrency”, published Thursday, August 17, 2017, The Jamaica Observer.

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This was a few months before the price of Bitcoin jumped to US$20,000 per coin due to trading speculation.

Since then the coin has been losing value and its speculative unstable nature has led the BOJ to change its tune and declare them as unsafe as stated in the article “BOJ warns against use of virtual currencies for economic transactions” published Monday, February 05, 2018, The Jamaica Observer.

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Apparently, they fear its potential to do unregulated transfers of large sums of money abroad.
This could potentially enable criminals as well as Americans trying to relocate illegally to avoid FATCS to launder their money into locals banks as predicted in my blog article entitled “How Americans becoming Jamaican citizens can evade IRS and FATCA Taxation”. 

For those new to cryptocurrency, a quick primer on them as well as Blockchain technology can be read at my MICO Wars article entitled “How Jamaicans can purchase Bitcoin cryptocurrency as Gracekennedy and WU supporting Ripple”. 

The BOJ silence on the issue has not dampened the local Fintech scene, who eye Cryptocurrency as the way forward.

JSE and Blockstation - Bitcoin trading and mining in the mix

Already they've done a workshop with Blockstation.

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JSE may become the first international Stock Exchange to do digital currency and token trading platform, with Blockstation performing the following services in a format that aligns with current regulatory and compliance standards:

1.      Trading
2.      Quotes
3.      Execution and settlement services

The Canadian company's main software is called Smart ECN (electronic communication network). They also offer a suite of technology products designed to meet the security, liquidity and regulatory requirements of their clients and potentially the BOJ.

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The BOJ is right to be caution, especially as it was with Mobile money, a space now dominated by Quisk and GK MPay as noted in my Geezam blog article entitled “JCCUL Shutters CONEC Mobile Wallet, leaving Quisk and MPay in the Race”.

So while the BOJ tittles its thumbs on Cryptocurrency as it did with Mobile Money, JSE is innovating to meet rising demand for digital asset investing and thus make the world a better place.

JSE and Cryptocurrency – GraceKennedy may use cryptocurrency for GK MPay

Still, this has not stopped local company GraceKennedy from looking into using the underlying Technology in cryptocurrency to power their Western Union Remittance Network.

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They may potentially be using it to power their Mobile Money platform, GK MPay as predicted in my Geezam blog article entitled “GraceKennedy’s Innovation Lab planning to launch a GK MPay cryptocurrency”.

Head trader at brokerage house, Sagicor Investments Jamaica Limited, Kirk Brown, is excited but cautious, as investors money is on the line, quote: “It is very important for investors to be able to invest in digital assets through their traditional financial institutions....It's exciting to be at the cutting edge where digital currency demand meets safe reliable access”.

JSE and Cryptocurrency - Trading and Mining with GOJ crypto-based Mobile Money

JSE is now in the race, as they realize that Blockchain, which is use to verify each transactions between bitcoin wallets and thereby build trust in the system, means that transaction can be done securely.

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Thus it should be possible in principle to use Blockchain technology in cryptocurrency to mediate large transactions of cash to purchase traditional stocks and bonds on struck markets abroad, but at significantly lower costs.

Also, the JSE can also engage in cryptocurrency trading and even in Cryptocurrency mining, where they could set up their own servers or even buy computing power on established bitcoin miners to mine bitcoin on behalf of investors.

The GOJ and Cryptocurrency - Mobile Money Cryptocurrency Network by 2030

Ultimately, the Government of Jamaica may even replace our current paper-based fiat currency system with cryptocurrency.

This is the move being made by the Bahamas Government to replace their fiat currency with a national Cryptocurrency as noted in my Geezam blog article entitled “The Bahamas Blockchain will be a Digital Paradise for FinTech start-ups”.

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Jamaicans, by 2030, may be using a BOJ backed Mobile Money platform powered by a blockchain based cryptocurrency Network.

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This would effectively make all transactions electronically, thereby eliminating corruption and making taxation easier as noted in my blog article entitled “How Electronic Transactions in Jamaica can eliminate Hidden Economy via Universal Consumption Taxation”. 

This is the long terms outlook. But right now, it is one block at a time as we climb the blockchain towards cryptocurrency adoption in Jamaica.

Thursday, August 16, 2018

How LASCO Manufacturing Limited Drinks Future is Sugarless and Health-Conscious


“The positive out-turn for the quarter reflects growth in volumes, improved operational efficiencies, streamlining and cost controls …..”

Managing Director James Rawle, commenting on LASM (LASCO Manufacturing Limited) performance

LASM (LASCO Manufacturing Limited) is doing well this year as they are on a profitability roll.

This is especially true for their manufacturing of drink products as noted in the article “Lasco pushes for greater share of food drink market”, published Thursday, August 16, 2018, The Jamaica Observer.

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LASM has two (2) sections to their plant:

1.      Liquid plant - making soy-based drinks, juice, drinks and water
2.      Dry Plant - - making soy-based powdered drinks

The strong sales from LASM are from the sale of the following four products on their three production lines in the Liquid Plant:

1.      LASCO iCool range of water and juice drinks
2.      LASCO iDrade, a hydration drink
3.      Lyrix,  a carbonated beverage
4.      Konka, energy drink similar to Boom

I've personally consumed Konka, as can be seen from the bottle in my hand below.

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Based on its ingredients, it is not much different from Boom, having the same active ingredients including Taurine and Caffeine.
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Shushana Levy, a Jamaican YouTuber, has tested out Lasco Lyrix, Konka and iCool and gives her expert opinion in this natural, unscripted video promo of their products.


Now on to their Dry Products Division, which I call the Dry Plant! Their Dry Plant makes many products that I personally like to consume:

1.      LASCO Lasoy
2.      LASCO Enriched Milk Powder
3.      LASCO Oats Porridge Mixes
4.      LASCO Nutrify, a high protein meal replacement.

So how are they doing profit wise?

LASCO Manufacturing Limited Profitability - Shushana Levy says the Drinks are Driving Profits

Managing Director James Rawle was apparently quite pleased with the numbers, quote: “Sales are as expected, even as volumes continue to grow in a competitive market......The margin improvement is attributable to volume growth, sales mix and improved operational efficiencies”.

LASM (LASCO Manufacturing Limited) recorded the following strong numbers in Q3 of 2018:

1.      JA$237 million Net Profit
2.      JA$134 million in Q3 of 2017
3.      77% growth in Net Profit
 
Revenue had also increased when compared to the same period last year:

1.      JA$1.7 billion for Q3 of 2018
2.      JA$1.5 billion for Q3 of 2017
3.      35% Gross Profit Margin in Q3 of 2018
4.      32% Gross Profit Margin in Q3 of 2017

Their administrative expenses remained stable.

1.      JA$308 million administrative expenses in Q3 of 2018
2.      18% expense to sale ratio in Q3 of 2018
3.      20% expense to sale ratio in Q3 of 2017

Their Total assets, Trade and other receivables and Trade payables have seen moderate gains:

1.      JA$8.3 billion in Total assets in Q3 of 2018
2.      12% increase in Total assets in Q3 of 2018 over Q3 of 2017
3.      JA$2.1 billion in Trade and other receivables in Q3 of 2018
4.      30% increase in Total assets in Q3 of 2018 over Q3 of 2017
5.      JA$937 million in trade payables in Q3 of 2018
6.      10% increase in Q3 of 2018 over Q3 of 2017

So it looks like Shushana Levy, our YouTube Reviewer, is on to something here.

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Clearly, their new Drinks lines are as good as Sushana Levy, our YouTube Reviewer, has pointed out in her video. So what is the future for LASM?

LASCO Manufacturing Limited Profitability - The future is Sugarless and Health-Conscious

LASM now hopes to double net profit over the next two quarters.

LASM has just completed their 65,000-square foot warehousing facility. They're also launched new flavours from its flagship product LASCO Vanilla Food Drink in September 2017.

The recent trend towards reducing sugar content in foods and beverages also benefitted the company as it is also a way to avoid future taxation from Government over Sugar as noted in the article “Lasco Manufacturing Enters Carbonated, Energy Drink Markets With Two New Brands”, Published Friday February 16, 2018 by Avia Collinder, The Jamaica Gleaner.

Their reduced sugar variant of LASCO Vanilla Food Drink and iCool juice drink being a part of the run on profits. LASM's carbonated beverage Lyrix and energy drink Konka, have also had solid export sales from the export market since their launch earlier this year.

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Nonetheless, LASM continued to invest heavily in marketing programmes such as this islandwide promotion drive for their products. Their brand building activities are being expanded in Q4 of 2018, with special attention to recently launched new products.

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For LASM, the future is definately Sugarless and Health-Conscious.

Here’s the link: