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

HARDWARE & Lumber (H&L) Agro has donated $2 million in agricultural inputs to assist small farmers who have been impacted by the coronavirus (COVID-19) pandemic.The inputs, which include fertilisers, pesticides and seeds, were recently handed over to Minister of Commerce, Agriculture and Fisheries Audley Shaw at the H&L outlet located on Spanish Town Road in Kingston.

As United States sanctions scare away the world’s largest shippers from Venezuela’s oil industry, new players are willing to brave the heightened risks and help keep leader Nicolás Maduro afloat, according to a new report. In the first year since...

Brazil’s government on Thursday proposed that global asset managers adopt protected areas in the Amazon rainforest in order to curb illegal deforestation ahead of the season farmers traditional use of fire to clear land and brush. Vice President...

OTTAWA, Canada (AFP) — Nearly one million jobs were created in Canada in June as coronavirus-linked restrictions were loosened, sending the unemployment rate down to 12.3 per cent, government data showed Friday.The economic reboot generated 953,000 jobs last month, nearly double the estimates by analysts who had expected on average about 550,000 new jobs.

The three-month closure of Caymanas Park due to COVID-19 has hit Supreme Ventures Racing & Entertainment Limited (SVREL) hard, with the company reporting year-to-date losses of $204.3 million. SVREL is the promoter of horse racing in Jamaica.

ADVISORY COLUMN: PRODUCTIVITY There are a few moments in your employees’ careers when they go into shock. However, it is not because too much is demanded of them – in fact, it is the very opposite. In prior columns, I shared what sometimes...

WASHINGTON, United States (AFP) — As governments rushed out funding to prevent an economic collapse amid the novel coronavirus pandemic, global public debt swelled to the highest in history, but the International Monetary Fund (IMF) warned Friday that cutting back too soon could undermine the recovery.

Jampro and the Jamaica Film and TV Association (JAFTA) have officially launched the 'Safe Return to Set' industry guidelines that will govern filming during and after the COVID-19 pandemic in Jamaica. Film Commissioner Renee Robinson said the major aspects of physical production are addressed in the guidelines which seek to prevent transmission of the coronavirus in the screen-based industries.

New Fortress Energy, the sole natural gas supplier to Jamaica, announced in July that it would buy gas on the open market after terminating a deal to buy more expensive gas contracts, but it is not clear whether it will result in cheaper light...

An anti-trafficking organisation has filed a petition to ban the importation of palm oil produced by one of the world’s largest suppliers, saying it found evidence of child and forced labour on plantations that supply American food and cosmetics...

From Harvard Business Review

A psychologist explains how people, organizations, and societies can emerge from crisis stronger.
Four strategies for health care providers that are stretched thin.
An interview with CEO Andre Calantzopoulos.
It’s a small step toward achieving equitable pay.
Now is not the time for differentiators to try to compete on cost.

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.