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

Barita Investments has purchased a 20 per cent stake in supermarket and distribution company Derrimon Trading.This minority stake acquisition was made via Derrimon's recently concluded additional public offering (APO) of shares in which it raised over $4 billion through the sale of just over 1.8 billion shares. The APO was fully underwritten by Barita.

Barita Investments Limited announced that it now owns 20 per cent of Derrimon Trading Company Limited, a stake valued at $2.3 billion at present market value. Barita now holds the second largest position in Derrimon, behind founder Derrick...

Jolted by the pandemic, insurance brokerage Caribbean Assurance Brokers Limited, CAB, has pumped funds into new software and is building out an online platform that it intends to position as its primary conduit for doing business. The transition...

If a Jamaican citizen were to develop adverse reactions to a COVID-19 vaccine, would he, or she, be able to initiate a lawsuit against the vaccine manufacturer Why will the government have to develop and execute an indemnity agreement to protect...

National Commercial Bank Jamaica Limited, NCB, has won an appeal against a former customer who had previously successfully sued the institution after unknowingly investing in an unregulated scheme on the advice of her personal banker, and suffering...

From Russia to Singapore, nations around the world are considering providing citizens who have been vaccinated against COVID-19 with digital immunity certificates for domestic and international use. Their principal objective is to stimulate...

Optimism for an economic revival is surging following a year of coronavirus-induced misery. But expectations for stronger growth – plus the higher inflation that could accompany it – are pushing interest rates higher, which is forcing investors to...

QUESTION: I am very poor at doing math, so I need your help. If I put $1 million in repos at 4 per cent for 30 days, how much would I get in interest payment at maturity? Also, what are the different terms of repos? Can I just go to a financial...

QUESTION: I am in need of your help in starting a business for myself, which includes working from home. I am interested in doing local tours here in Jamaica, where the tourists that come here will always want to come back. I am HEART Trust-...

From Harvard Business Review

Adjust your messaging to focus on purpose, value, and impact.
Strong relationships give salespeople an edge. Here’s how to nurture your connections when you can’t meet face to face.
Three common traps and how to avoid them.
Today’s decisions will set the tone for the future.
A new study maps attitudes, behaviors, environment, and user experience across 42 economies.

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.