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

Rome , Italy (AFP) — Chinese President Xi Jinping sought Friday to allay Western unease over his new Silk Road initiative by emphasising the vast infrastructure project's two-way nature as he kicked off a whistle-stop European tour in Rome.

FOLLOWING a successful 2018/2019 winter season, Mexican company NexusTours has announced plans to expand operations across Jamaica later this year.The destination management company has acquired an additional 10 transportation units comprising four vans with 12 seats per unit, four minibuses with 28 seats per unit, and two buses, each with 51 seats. All the vehicles are fitted with air conditioning and free Wi-Fi.

Hambantota, Sri Lanka (AFP) — Sri Lanka began construction Sunday of a nearly US$4 billion oil refinery it hopes will revive foreign interest in its shipping facilities after Beijing's takeover of a nearby port spooked international investors.

Britain has just a few weeks to break its Brexit impasse, with the fate of the country’s departure from the European Union, and of Prime Minister Theresa May, both hanging in the balance. Here’s a look at what might happen next: DEAL OR NO DEAL...

Barita Investments Limited will enter the investment banking market, a move meant to shore up revenues that are pressured by falling ­interest rates. “It is a new line of fee income business that is not traditional at Barita. We want to bring that...

MARCH 25 Caribbean Policy Research Institute public forum PATH Police...

ADVISORY COLUMN: INSURANCE HELPLINE Reports in this newspaper spaced almost 10 years apart record an ongoing debate about whether epileptics are fit to drive. Those arguing for include the Jamaica Epilepsy Association. Road safety officials in the...

COLUMN: CARIBBEAN FOREIGN POLICY It is probably without precedent for a major Caribbean industry to declare that unless Caricom’s Common External Tariff, the CET, is properly enforced, the livelihoods of hundreds of thousands of rural and other...

The Montego Bay Pier recently welcomed the inaugural staging of the Dream Weekend Cruise, a wholly Jamaican initiative.The maiden voyage of more than 3,000 passengers was met by members of Jamaica Vacations (JAMVAC) Ltd, which jointly hosted an event featuring sampling of local food and drink, as well as live entertainment lasting March 10-15.

ADVISORY COLUMN: PRODUCTIVITY Why do some executives resist making long-term plans for their business? The hidden secret is a deep fear of failure, but there’s a way to be confident about the top team’s quality of visionary thinking. Vague...

From Harvard Business Review

What to do when working less isn’t an option.
Advice on the who, what, and where.
Caitlyn Collins, a sociologist at Washington University in St. Louis, conducted interviews with mothers in four countries — the United States, Italy, Germany, and Sweden — who have jobs outside the home to better understand the pressures they felt. She found that American moms were by far the most stressed, primarily because of the lack of parental benefits offered by...
Messy workspace, messy headspace.

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.