Jul/Sept 2018 Articles


Unleashing the power of the stock market will drive wealth creation by funding ventures that local banks are not inclined to support adequately.

 


Economic transformation requires shared national vision and leadership from all sectors and institutions regardless of which party holds the reins of power.


This article discusses the business models of two mutual firms in Jamaica with a view towards answering one critical question: What strategy should Jamaican mutual firms adopt to avert or reverse declining financial health? Observations span a period of nine years to obtain a long-term picture of financial performance. The firms examined are the Community & Workers of Jamaica Cooperative Credit Union Ltd. (C&WJ) and the Jamaica National Building Society (JNBS).


The IDB says crime and corruption cost the Jamaican economy some four percent of GDP so any talk about serious economic growth must address this issue squarely.


The vision of economic independence is not unattainable. Jamaica, over the last decade, has made some strong structural, fiscal and monetary transformation towards building a stronger and more resilient economic system.

 


Substantial funding is available for social enterprises but many of them are not cashing in because they lack the capacity to absorb and use the funds properly.


For some time now traditional financial institutions have been facing disruptions in their business model as new technologies facilitate major changes in customer perceptions and expectations. How are the banks responding?


Business executives increasingly consider information to be one of their most important competitive weapons, but few organisations have any sense of the value of their Data & Information assets.

Local Business News

CARIBBEAN Cream Limited (CCL), which trades as Kremi, posted on Thursday (Oct 15) an unaudited after-tax profit of $74.05 million for the six-month period ended August 31, 2020, up from the $35.32 million recorded in the previous corresponding period.

Wall Street closed out a choppy week of trading with more of the same Friday as a late-afternoon stumble led US stock indexes to a mixed finish.

Amid rising cybercrimes and sophisticated digital attacks on companies globally, a British Caribbean Insurance Company (BCIC) executive has said that the underwriting company is in the process of adding cyber insurance as a new line to its already extensive list of products.

HAMILTON, Bermuda (CMC) — The Bermuda-headquartered Butterfield Bank has made approximately 25 staff members redundant on the island because of the economic impact of the coronavirus pandemic which, to date, has killed nine people.Since the start of the year, this is the third time that Butterfield — Bermuda's oldest bank— has announced it was trimming staff.

Dear Claudienne:I am writing to you because I don't know what else to do and I am extremely frustrated.On April 23, 2020 I logged on to my Scotiabank account and discovered that $360,000 was taken from it by unscrupulous persons.

Did you read the title and immediately picture two opponents with swords drawn getting ready to battle it out in a fencing match? Well, even if you didn't, the literal translation for “en garde” is “be on your guard”. You may not be in a literal fight but there are many things that we must guard against when investing during a crisis. There are the obvious precautions, but we are going to delve a little deeper to “guard” your...

Jamaica is far advancing its regulatory and monitoring regime for the proliferation of fifth generation (5G) mobile technology services in Jamaica.

In the Netflix movie Enola Holmes , Sherlock Holmes tells his younger sister (Enola) that in order to solve a mystery one must not think about the circumstance as to what you want it to be but what it actually is, and only then can you see what is required to solve it.

Chief executive officer (CEO) of Sagicor Bank, Chorvelle Johnson Cunningham, recently lauded local companies for their commitment to good customer service practices despite the challenges associated with the COVID-19 pandemic.

Local tech and software development firm Mobile Edge Solutions Limited has appointed Tyrone Wilson as its new chairman, effective August 1.Wilson — who is also one of the company's original shareholders — as chairman, will spearhead aggressive growth for the company.

From Harvard Business Review

Six actions for EAP professionals, programs, and the workplaces they support.
Audrey Tang, Taiwan’s first digital minister, explains how Taiwan leverages the internet as a space for civic participation, dialogue, and consensus building.
How marketers can account for consumer biases against algorithms.
New research shows a substantial return on a small investment.

Executive Insights

October 9, 2018

Several conversations surrounding different aspects of climate change have been top of the news over the last week. These include: changing hurricane patterns; sea temperatures warming; overall global warming; earthquakes and powerful tsunamis; polar melts; coral reef destruction; dangers of extinction of certain species that are important to agriculture, among others.

June 12, 2018

In just one week and two airplane rides, the media, the speculators, the “expert” analysts, and the political spin doctors are up at full speed. Contradictions of opinions, historical precedencies, former diplomatic maneuvers, and fairly obscure academics are having their one minute soundbites that will give rise to yet another book.

June 8, 2018

Barbados has a historical reputation (similar to Jamaica) of punching above its fighting weight. Who can forget the famous telegram supporting Britain in the Second World War: “Go ahead, Barbados is behind you”, this as Britain declared war on Germany and Hitler’s 3rd Reich. It was more than a statement; it was an AUDACIOUS statement from “Bimshire”

Letters to the Editor

MSBM Review invites your views on any issue of interest to you. Submissions must include your name and email address and should be kept to 300 words or less. We may use letters in either the Print or Web edition of the Magazine.

Blogs

September 30, 2016

Of the five priority Action Areas emerging from the deliberations at the successful IODC 2015 in Ottawa, Canada (i.e., The Charter, Standards, Capacity Building, Measurement, Innovation), the latter—Innovation, otherwise described as the “Problem-Solving” Action Track — is perhaps, the most eclectic and least structured of the areas.

September 15, 2015

No matter what source you subscribe to, the numbers are staggering, when one considers the potential economic value of open data. The McKinsey Global Institute estimates approximately US$3 trillion value potential across 7 domains. The Warsar Institute for Economic Studies projects a contribution of €205 billion annually to the European Union. An Omidyar Network study suggests open data impact for the G20 countries could be US$2.6 trillion per annum or 1.1% of GDP. What does this mean for small developing countries like Jamaica?..

March 10, 2014

The expression "Innovation at the periphery", has become more popular in the last few years and perhaps even over-used in several contexts. It describes technological innovations in seemingly remote geographical regions. It promotes the "skunkworks" innovation that takes place within an enterprise, but outside of mainstream R&D centres. It highlights indigenous frugal innovations that emerge out of developing country contexts, whose global adoption reverse the accepted convention of North-South technology transfer.