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

The European Union proposed on Wednesday a ?750 billion (US$825 billion) recovery fund to help countries weather a painful recession triggered by the coronavirus and bridge divisions over the conditions that should be attached for access to the...

The Jamaica Stock Exchange (JSE) Combined Index was slightly down on Wednesday with an advance/decline ratio of 25/42. The JSE Combined Index fell marginally 2,069.83 points or 0.54 per cent to close at 378,508.16. The JSE Main Market Index was...

MOUNT AIRY, United States (AFP) — Dave Burrier steered his tractor through a field, following a GPS map as he tried to plant as much corn as possible amid the yellow and green rye covering the ground.

THE world is changing rapidly and dramatically due to the coronavirus pandemic. We're having to adapt how we live day to day, including how we study and work.Whether you're seeking employment or looking to progress in your career, it has become a tougher recruitment environment as economies around the world enter recession, industries are disrupted, and businesses quickly make major changes.

THE TRADING Floor of the New York Stock Exchange, NYSE, reopened for the first time in two months with New York Governor Andrew Cuomo ringing the iconic bell, but the controlled chaos was more subdued Tuesday under new pandemic rules. The floor,...

Jamaican businesses are exhibiting a grave lack of confidence in local business conditions according to the latest findings of the Bank of Jamaica (BOJ) Present Business Conditions Index.The index, which covers the March 2020 quarter, decreased to 114.4 relative to 115.8 recorded in the previous January 2020 survey.

New Wave Holdings Limited, a Canadian-listed mushroom company, said that it has acquired a 50 per cent stake in Anahit Therapeutics Limited, a mushroom enterprise in Jamaica with assets of over CDN$2.5 million (J$260 million). It is the latest...

REDUCED OPENING hours and equipment breakdowns contributed to medical imaging company Elite Diagnostics reporting losses for its March quarter 2020. The net loss comes in the context of COVID-19 which, in general, affected most businesses...

Fontana Pharmacy made more revenue in three months than ever before as its top line remained largely COVID-19-resistant, at least during the initial onslaught. It expects the pandemic to affect its operations and also reduce the income of its...

Fontana Limited has achieved revenues of $1.17 billion for its third quarter ended March 31, 2020. This represents a 33 per cent increase over the $885.1 million recorded in the previous corresponding quarter.However, in its financial statement posted Friday last, company chairman, Kevin Chang indicated that Fontana has been significantly impacted by the ongoing COVID-19 pandemic and the government protocols that have been implemented.

From Harvard Business Review

Dear HBR: answers your questions with the help of Harvard professor Monica Higgins.
You don’t have to feel stuck.
First, ask yourself whether it’s really necessary.

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.