Nov/Dec 2017 Articles


Domestic contractors, contrary to what some might want to believe, are not asking for any special favours or to ban foreign contractors. What we ask is to be given an opportunity to carry out our business in a fair way in our country.


Our study conducted by Mona School of Business and Management, (MSBM) in June 2017, revealed that the leaders of local construction firms perceive that public sector delays, Government procurement policy, cost of financing, and company debt burden are among the main impediments to growth of the sector. Along with policy changes, we suggest several strategies, including adoption of Lean Construction techniques to increase efficiency.


It cannot be that the Jamaican construction industry that designed and built the National Stadium, Conference Centre, New Kingston, and the Bank of Jamaica is being told that in order to redevelop Downtown Kingston and construct the new Parliament building, we have to get foreign expertise to build. It is full time to review the policies that we have pursued over the years.


Social Entrepreneurship addresses the failings of the traditional economy through their operations within the social economy. This is evident in some countries like Jamaica, having low economic performance indicators, yet having a high social progress index showing significant improvement in the provision of services that address basic human needs.


This Administration is committed to the economic growth and development of the country. As we seek to advance the growth agenda it is evident that the construction industry has a major role to play in driving the process.


The historical social, cultural, political, diplomatic and economic context of the Jamaica-China relationship provides a critical point of reference that gives texture to the current public discussion about balancing the relationship between both countries.


Against a background of foreign and domestic pressures on the construction industry, this article explores some of the opportunities for the use of low-cost ICTs to enable and enhance what is broadly referred to as "Lean Construction” practices, and looks at the practical experiences of a real-world case study.

Local Business News

London, United Kingdom (AFP) — Britain's annual inflation rate unexpectedly hit a six-month high in August, official data showed yesterday, catapulting the pound as markets eyed higher UK interest rates to tame rising prices.The Consumer Prices Index 12-month rate jumped to 2.7 per cent last month from 2.5 per cent in July, the Office for National Statistics (ONS) said in a statement.

JMMB Group has rolled out its first consumer financing solution business, JMMB Express Finance Limited, in Trinidad and Tobago, with hopes of increasing its market share through competitive pricing and quick response.

Venezuelan President Nicol·s Maduro said Tuesday that new investments from China will help his country dramatically boost its oil production, doubling down on financing from the Asian nation to turn around its crashing economy.Already a major...

At only two years old, Alex D-Great was badly burnt on his head and forehead while in his parents' kitchen. Years later, at Bridgeport High school, when faced with deciding on a career it was easy for him to choose. He needed a job where he could wear a cap to cover the burn. He decided to become a professional chef.

LUANDA, Angola (AFP) —President Joao Lourenco and Portuguese Prime Minister Antonio Costa buried the hatchet yesterday during whirlwind talks in Luanda that follow several turbulent years between Angola and its former ruler.Following a meeting with his Portuguese visitor, Lourenco said “common sense and pragmatism would prevail so that relations between the two nations would be strengthened”.

SAO PAULO, Brazil (AFP) Brazilians are as worried as ever about getting shot while driving, but have less money in a stagnant economy to spend on protecting themselves. Enter the second-hand bulletproof car.Whether to provide genuinely needed protection or just to show off, the bulletproofed personal vehicle has usually been associated with the rich, but in Brazil, armoured cars are far more common than in most countries.

LUSAKA, Zambia (AFP) — Britain has suspended aid payments to Zambia over concerns of alleged fraud and corruption by the government of President Edgar Lungu who has faced graft allegations from within his own party.Britain's High Commissioner to Lusaka Fergus Cochrane-Dyet confirmed the suspension of funding in a tweet posted late on Monday.

The United States-China trade war escalated further Tuesday, with China announcing retaliatory tax increases on US$60 billion worth of US imports, including coffee, honey and industrial chemicals.The increases are in...

SLAVERY may have ended in the 19th century or did it? There are currently more than 40 million people as modern-day slaves, according to the 2016 figures compiled by the United Nation's International Labour Organization and the Walk Free Foundation, a human rights group.What is modern-day slavery?

Scotia Group Jamaica underperformed on one of its key metrics, interest income, but was able to cauterise the bleed with outsize foreign exchange gains of more than $1.3 billion in the July quarter.Although interest income declined by $800 million...

From Harvard Business Review

ImageGap/Getty Images You’ve left an important task undone for weeks. It’s hanging over you, causing daily anxiety. And yet instead of actually doing it, you do a hundred other tasks instead. Or you’ve been feeling guilty about not replying to an email, even though replying would only take 10 minutes. Or maybe the last time you needed stamps, you went to the post office...
Brett Hemmings/Getty Images In So I Married an Axe Murderer, a wacky 1990’s parody, a police officer named Tony confides to his captain, “I’m having doubts about being a cop. You know, it’s not like how it is on TV. All I do all day is fill out forms and paperwork.” Tony thought his job would be more thrilling than it has turned out to be. Tony is not alone. Every job...
Stars of Science, a reality TV “edutainment” competition for the Arab world, is set to celebrate its 10th anniversary, owing to its success as a show that rewards innovation above all else.   Within less than 20 years, the phenomenon commonly referred to as “reality TV” has fundamentally altered television viewing habits the world over.
Danas Jurgelevicius/Getty Images Curiosity is experiencing a “Gold Rush” moment. Books, university classes, and research are popularizing the power of curiosity. Not surprisingly, organizations are increasingly, explicitly looking for curious employees.
Peter Dazeley/Getty Images We’ve heard for decades that we should only hire A players, and should even try to cut non-A players from our teams. But not only do the criteria for being an A player vary significantly by company, it’s unrealistic to think you can work only with A players.

Executive Insights

June 28, 2017

The concept of climate change is again a very topical issue. Jamaica has had two recent bouts with heavy rains that have emphasized previously known areas of hazards, and have identified totally new areas that were previously overlooked or were dormant. The estimates of damages are not yet final, and even due diligence will not capture undocumented losses of agriculture, livestock, or illegal housing. Therefore the potential losses will continue as mere replacement does not necessarily equal enhanced restoration.

April 3, 2017

For our younger readers, Venezuela may only have a distant image comprising oilfields and offshore drilling that many have only seen pictures of. Venezuela’s second image may be the beautiful entrants in Miss World or Miss Universe. In these days of modern air travel there are only three convenient routes; one via Miami; one via Panama; or one via Trinidad.

September 25, 2016

In a previous article in this series I questioned the Business Confidence indices for the first quarter of 2016 that showed a positive jump in confidence. I wondered if this was influenced by the expectation of a General Election, a continuity of the then government, or a change of government. I have no definitive reason only intuition, for deciding between these possible influences, or other random answers. Since then several things have happened that serve to further confuse me.

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.