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

A $2-billion upgrade by the National Commercial Bank Jamaica Limited (NCB) is now the cause for distress among several workers across the country who did not have their salaries credited to their accounts yesterday.The workers' salaries which, under normal circumstances, would have been available for withdrawal by end of day Friday, May 24, 2019, has been delayed as the financial giant continues to upgrade its banking platform.

ALIGNVEST Acquisition II Corporation, the special purpose company set to acquire all the shares in Sagicor Financial Corporation, has raised CAN$601 million ($59 billion) from its initial public offering on the Toronto Stock Exchange, Canadian $86 million ($8.5 billion) ahead of its target for CAN$515 million ($50.6 billion).

The Brazilian cosmetics maker Natura announced Wednesday that it is buying Avon Products in an all-stock deal that it valued at US$3.7 billion, in a move that would create the world’s fourth-largest group of beauty products. Shareholders of both...

Over the span of two years, a Chinese national in Oregon sent devices that looked like iPhones to Apple, saying they wouldn’t turn on and should be replaced under warranty. He didn’t just submit a couple of the devices -- he delivered in person or...

VARADERO, Cuba (AP) — The battle for Cuba's economic future is being waged on its beaches. And at its all-inclusive resorts, dive sites, and cobblestoned colonial plazas.

Despite a weakened global economic growth, outlook projected by the United Nations World Economic Situation and Prospects (WESP) mid-2019 report, which was released yesterday in New York, suggests that growth in Latin America and the Caribbean is expected to slowly increase. However, risks remain tilted to the downside due to external and domestic factors.

The mining and quarrying industry contributed the lion’s share of the 1.9 per cent expansion in the Jamaican economy during fiscal year 2018-19, having growth by 28.5 per cent, driven mainly by production at the Alpart alumina plant in St Elizabeth...

Epican Medicinals Limited, a Jamaican retailer of medical marijuana, plans wider distribution with an eventual push for online sales, according to its partner in Canada, The Green Organic Dutchman, TGOD. TGOD also disclosed that Epican earned CDN$...

Last year, General Accident decided to let its hair down with a new promotional campaign, and the general insurer is still reaping gains from it. The first signs of the campaign’s impact showed up in the company’s year-end results for 2018, when...

WASHINGTON, United States (AFP) — Three-quarters of International Monetary Fund aid programmes over a six-year period attained their goals fully or partially but there were some failings, including rose-coloured growth forecasts, the fund said Monday.Between 2011 and 2017, the IMF oversaw 133 economic aid programmes for member countries, according to a review, the results of which were released Monday by the fund.

From Harvard Business Review

How one Wisconsin health system did it.
Focus on the quality of the product, not just the logo.
It’s math, not magic.
When someone’s about to lose their job, discretion is a must.

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.