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

Jamaica's premier tourism and attractions trade show, Jamaica Product Exchange (JAPEX) is still on for November 9-11, in spite of COVID-19 restrictions.

Spotify and the makers of Fortnite and Tinder are taking on Apple and Google as part of a newly formed coalition calling for “fair treatment” in the way the tech giants run their app stores. The Coalition for App Fairness, a Washington-based non-...

Barbados Prime Minister Mia Mottley is calling for the formation of a Caribbean Liquidity and Resilience Facility for small to medium-sized countries in the wake of the novel coronavirus economic fallout.Declaring that the “international financial system is broken”, Mottley said there needs to be systematic global solutions to a systematic global problem.

The Jamaica Stock Exchange’s Main Index, when mapped on a chart, shows the formation of the largest bearish pattern in 25 years. The formation, which takes the classic head-and-shoulder shape of a market in transition, shows Jamaican stocks...

Caribbean Export Development Agency (Caribbean Export) — the regional trade and investment promotion agency — is set to host a training programme to enhance the export-readiness of small and medium-size enterprises (SME) in the service industry.

CAC 2000 Limited, which provides industrial air-cooling solutions, pivoted into a new revenue stream spawned by the coronavirus that has already resulted in higher earnings and the rise of its stock price. The company launched an indoor...

Opportunities provided by digital entrepreneurship for economic development will take centre stage at this year's 7th staging of the Joan Duncan Memorial Lecture series.

Marine park operator Dolphin Cove says it is now earning enough to cover expenses as interest in leisure rebounds, particularly from the American market. Since reopening in July, after the COVID lockdown, the dolphin attraction has been catering...

Regional insurance powerhouse Guardian Holdings Limited, GHL, aims to raise $13.4 billion in a corporate bond offer in Jamaica that closes today, Friday. The company, based n Trinidad...

Holding true to its laid-back and permissive image, Hedonism II in Negril has added a therapeutic element to its product line in the form of a medical marijuana dispensary. The herb house, called HedoWeedo, had a soft opening on July 10, making...

From Harvard Business Review

Inconsistent output has stymied widespread adoption.
Five tips to build it — in a way that’s authentic to you.
Recommendations for policy-makers and businesses.
Women at Work returns October 5 with candid conversations and practical advice that’ll help get you through the messiness of 2020. Plus, we have a new host!

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.