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

Access Financial Services (AFS) is reporting a 32 per cent return on investment (ROI) following its acquisition of Florida-based loan company Embassy Inc — a company that is said to have a strong online presence and ranked as the number one title loan provider in Florida.

Micro lender Access Financial Services Limited remains on track to surpass $2 billion this financial year, which would set a new record for the company, which is still focused on growing through acquisitions. Access’ growth through acquisitions...

It is said that “necessity is the mother of invention” but for Aneca Clarke becoming a mother led to her invention of SnaZZy TrenZ, her online store which retails her hand-crafted African-inspired jewellery.

Last week I covered 'budgeting' and gave simple tips on how best to budget. This week I'll continue along that line and give six follow-up budgeting tips that may be necessary for anyone starting out. Hopefully they'll help you avoid common mistakes and pitfalls. AVOID “MISC”

The Financial Services Commission (FSC) was created by an act of Parliament 18 years ago. This milestone was marked with an anniversary edition of Invested. This is an odd name for a magazine. Isn’t that word the past tense of the verb invest and...

BEIJING, China (AP) — China will lift tariffs imposed on US soybeans and pork in a trade war with Washington, a state news agency said on Friday (September 13), adding to conciliatory gestures by the two sides ahead of negotiations.

Cruise tourism has become a big business, with the Caribbean now accounting for more than 35 per cent of all such vacations globally. This year more ships will sail in or through Caribbean waters than in any other part of the world, with many of...

Dear Claudienne,I worked for the Collector General's Department from 1971 to 1985.At that time the customs, and Excise Taxes Unit and the head office at Marcus Garvey Drive were one department, but now they are separated. All the personnel files were sent to the Customs House at King Street. My file was seen by a close friend while she was working there.

Distribution company Derrimon Trading is exploring a shopping experience that goes beyond customers clicking on grocery items from the comfort of their living rooms. The company, which operates two grocery businesses, Sampars and Select, reported...

The relationship between a landlord and their tenant can often times be tenuous. While most people would want this area of their life to not be eventful, maintaining a professional relationship can be difficult on either side, especially where communication is not clear or consistent.

From Harvard Business Review

Turn their focus away from you — and back on their work.
The video app has a version for China’s internet and a version for the rest of the world.
Is your logo too simple for its own good?
A diversity of perspectives in the boardroom leads to better decisions.

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.


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.