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 Limited (BIL) will consider and if thought fit, recommend a rights issue to BIL's ordinary shareholders during a Board of Directors meeting scheduled for Thursday, December 13, 2018.The announcement, which was posted on the Jamaica Stock Exchange, will allow existing shareholders to purchase additional shares in the company at a discounted to the current trading price.

Goodyear Tire & Rubber Company is halting production in Venezuela, making it the latest international corporation to abandon a South American nation in economic crisis, officials said Monday...

London, United Kingdom (AFP) — Stock markets and the pound slid Monday after British Prime Minister Theresa May said she was delaying a parliamentary vote on her deal to leave the EU after conceding it would not win sufficient support.

Dear ClaudienneI worked with the Post and Telecommunications Department in St Catherine from 1968 to 1977.When I applied for my pension the Post Office headquarters sent my file to the Ministry of Finance (MOF) on October 5, 2016. However, to date (October 13, 2017) I have received no letter of acknowledgement or even a telephone call with an update from the MOF.Could you kindly get some information from the ministry for me.LP

NEW YORK, USA — A long-term commitment to Jamaica's children has been given a guarantee by honorees who were recognised for their service to the country here December 1.

Jan Keil is an assistant professor in the Department of Economics at the University of the West Indies. He made his first contribution to this newspaper as guest columnist writing on 'Competition in the Jamaican banking sector'.In it he offered some...

Since the mid-2000s, the ability of the Caribbean tourism sector to generate rapid economic growth has been widely accepted by international financial institutions such as the IMF, World Bank and the Inter-American Development Bank.This seems to...

Dear Claudienne,I am writing to you with deep frustration regarding my loan from the Students' Loan Bureau (SLB). I graduated from Caribbean Maritime University (CMU) in 2009. However, due to financial and other circumstances I did not get a job to repay my loan.When I was unable to get a job after graduating, I made contact with the SLB and told them that I did not have a job.

Teachers make a difference. In fact, their influence, stimulus, encouragement and inspiration can move mountains in their students' lives and goes a far way in their success. So the question is: If you are an educator, are you reaching your students? Are you inspiring them to reach their fullest potential?

Insurance company Guardian Life Limited and its former vice-president and actuary, Catherine Allen, are locked in a legal battle in a claim she filed for wrongful dismissal.The case also involves Guardian's decision to tap $1.25 billion of its...

From Harvard Business Review

Companies are spending millions on digital transformation, yet studies find many leaders feel their projects aren’t achieving their objectives. Why? Workfront CEO Alex Shootman says digitization is happening in most companies on a function-by-function basis, leaving teams to work in silos instead of executing new strategies together. Listen here to learn more about what...
W. Wayne Lockwood, M.D./Corbis/VCG/Getty Images What happens to people who are overconfident? Are they generally rewarded, promoted, and respected? Or do we distrust them and avoid collaborating with them? Our research suggests it may depend on how they express confidence. One way people express confidence is verbally. We make specific, numeric expressions of confidence...
zodebala/Getty Images The eight-hour workday harkens back to 19-century socialism. When there was no upper limit to the hours that organizations could demand of factory workers, and the industrial revolution saw children as young as six-years-old working the coal mines, American labor unions fought hard to instill a 40-hour work week, eventually ratifying it as part of...
Rubberball/Mike Kemp/Getty Images On October 28th, Jair Bolsonaro of Brazil’s Social Liberal Party (PSL) defeated Fernando Haddad of the Worker’s Party (PT). Bolsonaro, a candidate coming from the far-right of the political spectrum, picked up 55% of the vote.
ULTRA.F/Getty Images On December 1, in Buenos Aires, President Trump started the 90-day clock to negotiate a trade deal with China. He claims he wants to tackle the big systemic concerns involving theft of American intellectual property, the forced transfer of technology from American firms, and the state-driven nature of the Chinese economy. For trade watchers, the time...

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.