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

ST JOHN'S, Antigua (CMC) – Antigua and Barbuda Prime Minister Gaston Browne has written to the International Monetary Fund (IMF) and the World Bank urging that the financial institutions agree to a number of initiatives aimed at assisting Caribbean Community (Caricom) countries deal with the socio-economic impact of the coronavirus (CVID19).

Minister of Tourism, Edmund Bartlett has appointed Dr Elaine Williams as Coordinator of Pandemics at the Global Tourism Resilience and Crisis Management Centre (GTRCM) — a move he described as the first key step to dealing with disruptive forces in tourism.Minister Bartlett made the announcement recently during a forum on Disruptive Forces in Tourism held at the Knutsford Court Hotel in New Kingston.

PORT-AU-PRINCE, Haiti (AP) — From Mexico City to Port-au-Prince, Haiti, and Santiago, Chile, the coronavirus is taking root in the world's most unequal region, where many of Latin America's first cases arrived with members of the elite returning from vacations or work trips to Europe and the United States.

TELECOMMUNICATIONS COMPANY Digicel Group announced a halt to interest payments to bondholders for 30 days, which led the rating agency Fitch to downgrade its bonds to ‘C’. Digicel defended its move as an allowed measure, saying the delay comes...

As local farmers complain of having excess produce and a lack of market for their produce, they are being encouraged to take advantage of neighbouring Caricom markets as several of these regional counterparts rely heavily on imports.

AS THE new coronavirus spreads across Europe, ravaging economies and killing thousands, governments and the European Union, EU, are focusing much of their economic rescue efforts on containing a boom in joblessness, particularly by helping...

GUARDIAN HOLDINGS Limited, GHL, and one of its associates have taken over a Cayman-registered insurance broker in a deal struck back in October but which was just disclosed in the regional insurance conglomerate’s audited financial results...

AFTER 15 YEARS moving up the insurance ladder within the GraceKennedy Group, Tamara Glaves-Hucey has been given her company to run. Her appointment as general manager of Key Insurance Company Limited, a new acquisition for the conglomerate, was...

The Global Tourism Resilience and Crisis Management Centre (GTRCM) based in the Caribbean will be charged with driving the recovery of tourism in the region following the passage of the novel coronavirus disease which has already debilitated much of the sector.

Total value added for the Jamaican economy was $197,013 million for the fourth quarter of 2019. This remained relatively unchanged when compared to $197,086 million for the similar quarter of 2018. The services industries grew by 1.2 per cent, while the goods producing industries declined by 3.7 per cent.

From Harvard Business Review

How to leave work at the door when you don’t leave the house.
Five reasons why it’s smarter to do both.
Overwhelmed and under-equipped, some health centers are innovating in the midst of the global pandemic.
An effective strategy must tackle both sides of the problem.

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.