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

STRASBOURG, France (AP):European Union, eu, leaders were pleading Wednesday with the UK to finally get its act together on Brexit, end internal strife and come up with a realistic plan to leave the bloc well over two years after Britain decided to...

DOUAR HICHER, Tunisia (AFP) — Young Tunisians say the revolution they staged eight years ago to oust their longtime dictator has failed to restore their “dignity” and ease the North African country's economic woes.“Since the revolution we have freedom but still no dignity,” says Sofiene Jbeli, an unemployed computer technician who lives in the working class satellite town of Douar Hicher west of Tunis.

Harry Mills, the expert on persuasion for the Harvard ManageMentor programme says, “If accountancy is to become a highly trusted profession, accountants need to become more skilled at generating and communicating warmth.” According to a survey from Australia about trust in the professions, accountants rank ahead of lawyers – but with a score of just 50 per cent (see graphic below). Why is this?

AMG Packaging & Paper (AMG), the cardboard paper maker, released its first set of improved financials from core operations following its disposal of its toilet tissue business...

BUENOS AIRES, Argentina (AFP) — Argentina ended 2018 with the second-highest inflation figure in Latin America, behind only crisis-wracked Venezuela, the national statistics institute said yesterday.Argentina's inflation rate of 47 per cent was also the highest the country recorded since 1991, when inflation hit 84 per cent as lawmakers fixed the peso to the US dollar.

BRIDGETOWN, Barbados (CMC):The Barbados government has put a temporary freeze on borrowing even as it reported an improvement in the island's economic position."Over the next four years the Barbados government will not borrow any new funds. To put...

Toucan last week welcomed Racquel Blake as the new general manager of its Jamaica operation. She replaces Kelly Silvera who was named in the same position this time last year.

GENEVA, Switzerland (AFP) — Brazil's new far-right President Jair Bolsonaro is expected to be the star attraction at this year's Davos Forum, taking place next week at a time of “profound global instability”, according to organisers.

NEW YORK, United States (AFP) — The British pound rallied yesterday after the lower house of parliament overwhelmingly rejected Prime Minister Theresa May's Brexit plan, while global stocks climbed.The pound's surge after the lopsided vote suggested traders still viewed a so-called “hard Brexit” — one with no agreement between the EU and Britain — as a remote possibility.

OTTAWA, Canada (AFP) — The average price of cannabis in Canada went up 17.4 percent after its legalisation, according to data released by the government statistical agency.Since legalisation of recreational use last October, prices have jumped to Can$8.02 (US$6.06) per gram from Can$6.83, Statistics Canada said in a news release late Wednesday.

From Harvard Business Review

A dozen interviews can be more useful than thousands of responses to a questionnaire.
There are better and worse ways to disagree.
New types of investments are tied to ESG goals.
Youngme, Felix, and Mihir discuss Apple’s position in the Chinese market; debate whether payday lending is good or bad for workers; and ask whether companies should be doing more to help employees manage cash shortfalls. They also offer their After Hours picks for the week.
From hiring to inclusion to work assignments.

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.