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

Trade Winds Citrus’s ambition to become a dairy producer is still unfulfilled after 18 months awaiting permits for its preferred cattle breed.

HAVANA, Cuba (AFP) — A law obliging Cuban artists to register with the ministry of culture has created controversy on the Caribbean island known for its spontaneous musical tradition.In the historic old town of Havana, tourists amble through the colourful cobbled streets serenaded by rumba and the sounds of “soperos” — amateur singers and musicians who can be found on almost every corner.

Forty countries led by Japan and the European Union – but not the United States or China – have agreed to require new cars and light commercial vehicles to be equipped with automated braking systems, starting as soon as next year, a UN agency said Tuesd

“HIGH standards of accountability and financial management are essential to rebuilding trust in Jamaica's public sector,” according to them minister without portfolio in the Ministry of Finance & the Public Service, Fayval Williams – now minister of science energy and technology.

A coalition of at least 10 manufacturers and distributors in the beverage industry have agreed to impose a cess on polyethylene terephthalate, or PET, bottles, funds from which will be paid to Recycle Partners of Jamaica, RPJ, as the businesses join wit

The makers of Mountain Peak instant coffee, Salada Foods Jamaica Limited, ceased coffee production during much of its December first quarter due to an accident in the boiler room. “The decline arose in October 2018 from an accident in the...

China’s January exports rebounded from a contraction amid a tariff battle with Washington while Chinese purchases of US goods plunged.

 In a well-received address to the annual Jamaica Securities Dealers Association Breakfast Forum on February 13, 2019, Minister of Finance and the Public Service Dr Nigel Clarke started by noting that “it was the first time this century” that Jamaica had a debt to GDP ratio below 100 per cent, and 15 consecutive quarters of economic growth.

PORT-AU-PRINCE, Haiti (AFP) — Whether using social media to fight corruption or marching in protests that have brought the country to a halt, the anger of Haiti's youth at their lack of prospects is boiling over in increasingly dramatic ways.

Germany recorded zero growth in the fourth quarter, only narrowly avoiding a recession and adding to downbeat signs piling up about the 19-country eurozone economy.

From Harvard Business Review

Based on a 15-year study of more than 200 organizations.
Give workers some control, and create checks and balances.
Some tech firms are going out of their way to avoid uncomfortable disclosures.
Don’t let your ego get in the way of your growth.

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.