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 one has dreams of exploiting a gap in the market and staging a regional expo of cultural expression through business and entrepreneurship, it should be noted that it takes effort and determination. One doesn't simply pop up as an industry-leading innovator. Unless of course, you're Akeem Marriott of The Pop Up Marketing Agency.

BOGOTA, Colombia (AFP) — US Secretary of State Mike Pompeo called yesterday for cooperation in the struggle to remove Venezuelan...

Rising income inequality is undermining confidence in capitalism around the world, according to a survey conducted by public relations firm Edelman ahead of the gathering of the elites in the Swiss ski resort of Davos. Among those surveyed in the...

The GraceKennedy Group today announced plans to acquire up to 80 per cent of shares in KEY Insurance. The details are still being finalised but GK plans to use the entity to strengthen and expand its Financial Division which includes GK General...

THE Bank of Jamaica says that the 6.2 per cent annual point to point inflation rate at 2019 reported by the Statistical Institute of Jamaica late last week, represents a “sharp jump” when compared with the 3.4 per cent recorded at September 2019.“This inflation out-turn was not anticipated and was higher than Bank of Jamaica's target of 4.0 to 6.0 per cent,” the bank said in a release on Friday (January 17).

An analysis of the financial accounts of the Ministry of Justice has revealed that it took an average of 11.4 months to obtain evidence that 98 per cent of outstanding advances were used for the intended purposes, according to Auditor General...

As we begin a new year and a new decade with renewed hope and great expectations, we must remember that we need to put the necessary mechanisms in place to meet our new year resolutions. Financial goals/resolutions are near to, if not at the top of everyone's list. These goals may be short-, medium- or long-term…saving more, investing more, purchasing a property or other assets.

Four months into its roll-out, group health and life insurer Canopy Insurance Limited, which has two powerful conglomerates behind it, is gunning for equal share of a market dominated by Sagicor Life Jamaica. Then it plans to tackle the region,...

Caribbean Cream Limited, manufacturers of Kremi ice cream on Tuesday (January 14) reported an after-tax profit of $43.4 million for the nine months ended November 30, 2019, despite a 54.8 per cent decrease when compared to the corresponding period last year.

ADVISORY COLUMN: INSURANCE HELPLINE Member of Parliament for St Catherine North-Western Robert Pickersgill argued very strongly last week for MPs to get more pay. From my admittedly cynical reading of the Jamaica Observer article, the seven-term...

From Harvard Business Review

Good cultures know how they do things. Great cultures know why.
How businesses shift from selling products to building networks.
Rosabeth Moss Kanter, professor at Harvard Business School, believes the world demands a new kind of business leader. She says so-called “advanced leaders” work inside and outside their companies to tackle big issues such as climate change, public health, and social inequality. She gives real-life examples and explains how business leaders can harness their experience,...
Are you giving your employees enough opportunities to learn?

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.