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

If they can close our plant, they can close yours, too. That’s the message from workers at three shuttered General Motors factories that did not get new products under the tentative contract agreement reached last week between GM and the United...

The Bank of Jamaica (BOJ) has imposed new liquidity standards for the island's banking sector, which will be phased in over a one-year period beginning this month.

LAGOS, Nigeria (AFP) — Two months ago, Nigeria slapped restrictions on cross-border trade with its neighbours, but there are mixed signals as to whether the controversial move is benefitting the country.On August 19, President Muhammadu Buhari dramatically closed Nigeria's land frontiers to goods traded with Benin, Cameroon, Chad and Niger, saying its economy needed to be protected from rampant smuggling.

Carib Cement, the country's sole cement manufacturer and member of the larger Cemex Group, recently facilitated a workshop and had a soft launch of its 'distributors' academy. This, as the company seeks to continue its stakeholder education drive.During the week-long activities for customer service week, held at the Spanish Court Hotel, the company showed its appreciation by launching the academy, wherein a distributors' workshop was conducted.

BEIJING, China (AFP) — China now has more privately held start-ups valued by investors at over US$1 billion than the US, a report said Monday.There were 206 Chinese firms out of a global total of 494 ultra-valuable start-ups — known as “unicorns” — in June 2019, according to the research firm Hurun Report.

The Supreme Court has upheld a decision of the Industrial Disputes Tribunal, IDT, that an employee of National Commercial Bank, NCB, who was dismissed five years ago be reinstated in her employment with the bank. Justice Kirk Anderson also sided...

PARIS, France (AFP) — US consulting firm McKinsey said Monday that a third of big global banks may not survive a major financial shock, with those in western Europe and Asia most at risk.The study by McKinsey looked at 1,000 banks in developed and emerging countries and found that just over a third of them had made a return on capital of just 1.6 per cent over the past three years.

The Development Bank of Jamaica (DBJ) and Sagicor Bank last week signed a partnership agreement for DBJ's redesigned Credit Enhancement Facility (CEF).The signing, which took place at Sagicor Bank's head office in Kingston, was executed by DBJ's Managing Director Milverton Reynolds and Sagicor Bank's Chief Executive Officer (CEO) Chorvelle Johnson Cunningham, making Sagicor Bank the first financial institution to participate in the improved CEF.

UPS is doing booming business in next-day deliveries in the United States while keeping costs under control, but the weakening global economy is contributing to disappointing revenue growth. The delivery giant said Tuesday that third-quarter profit...

A client, a small one-man company, recently received a letter from Tax Administration Jamaica, TAJ, concerning fuel benefits given to the director. The director is using his own vehicle for business purposes. He charges all his fuel to his credit...

From Harvard Business Review

Fears of forced technology transfer are overblown.
What Intermountain Healthcare has learned.
Peace is fragile, especially when anyone can use open source technology to build a weapon to inflict harm, online and offline. General Sir Richard Barrons, former Commander of the UK’s Joint Forces Command, makes the case to Azeem Azhar that, as the definition of warfare is changing, we all need to take a more active role in stewarding peace.
As STEM jobs multiply, dealing with numbers will become more important.
Your audience will make up their minds about you in seconds.

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.