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 unveiled proposals Wednesday to regulate artificial intelligence, AI, that call for strict rules and safeguards on risky applications of the rapidly developing technology. The report is part of the bloc’s wider digital strategy...

Pulse investments has reported that the company has seen increased growth in all business segments which has resulted in the modelling and real estate company doubling its profits last year.The company, yesterday at its annual general meeting held at Villa Ronai located on Old Stony Hill Road in St Andrew said that it recorded net profits of $653.2 million, which is a significant increase over the $301.8 million gained in the previous year.

The All Jamaica Consumer Price Index recorded an index of 267.5 in January 2020 resulting in an inflation rate of -1.1 per cent, according to the Consumer Price Index (CPI) Bulletin — January 2020 released earlier this week by the Statistical Institute of Jamaica (STATIN).

Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season. Violent social protests in Chile cut into international sales. Walmart also delivered a weak profit forecast for the year,...

A telemedicine provider in Jamaica is encouraging more use of telemedicine locally because it is cost effective to both patients and hospitals. “Telemedicine allows for a variety of benefits because it is convenient, especially as it relates to...

Global technology outfit, Amber Group Limited, has partnered with Jamaica's leading financial institution National Commercial Bank Jamaica Limited (NCBJ) to launch the Amber Pay mobile app.This cash-less and card-less payment solution, is the first of its kind in Jamaica. Amber Pay, which is expected to reach the market in 2020, is set to revolutionise how goods and services are paid for in Jamaica.

SAN FRANCISCO, United States (AFP) — US tech giant Apple said on Monday (February 17) that disruption due to the novel coronavirus had hit both production and demand in China, and the company was “experiencing a slower return to normal conditions” than planned.

The Government for the upcoming fiscal year has earmarked $485.8 million of additional funding to continue activities under the 'Boosting Innovation, Growth and Entrepreneurship Ecosystems' (BIGEE) project.

Eppley Limited's 2019 results have shown record earnings of $157.7 million for the year, a 20 per cent return on the company's opening equity. The company has declared the largest dividend in its history at $0.57 per share.

The European Union has added four countries and jurisdictions to its blacklist of tax havens, including the British overseas territory Cayman Islands. EU finance ministers decided to also add Palau, Panama and the Seychelles to the list of...

From Harvard Business Review

Instead of trying to be right, be less wrong.
In order for passion to be constructive, it needs to be shared.
The bank announced it will only take public companies with at least one female or non-white board member.
Youngme, Felix, and Mihir debate the fate of DTC brands like Casper mattresses and whether independent contractors should be classified as employees under California’s new AB5 law. (Listeners are invited to fill out the After Hours Survey.)
Invest in senior leader expertise.

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.