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

SSL Venture Capital Jamaica Limited (SSLVC) has seen a number of departures from its board of directors over the past two months. This began in September when on the 13th of that month Mark Croskery resigned as chairman and CEO of the company to pursue other opportunities.

A construction company engaged by the Ministry of Education to build a school in Annotto Bay, St Mary, almost 21 years, ago is suing the Attorney General of Jamaica for $10.6 billion over the aborted contract. The value of the claim equates to more...

A long-standing precept of diplomacy has been that nations and their representatives do not intervene directly in the internal politics of other nations. It is an approach based on the long-established principle of state sovereignty and self-...

The United States trade representative is hoping to broker a deal with the European Union to send more lobsters to Europe, but has received a chilly reception so far. The American lobster industry is in the midst of a challenging time in part...

The Tourism Workers Pension Scheme, which was approved earlier this year in Parliament, has continued to receive the thumbs up across the pension/retirement landscape.The latest commendations came from the members of the Pension Industry Association of Jamaica (PIAJ), who were guests of the Jamaica Observer's weekly Monday Exchange at Beechwood Avenue, Kingston, on Monday.

LONDON, United Kingdom (AFP) — Britain's main opposition Labour party on Friday promised free, fast broadband Internet for everyone, in the most eye-catching of a series of big spending pledges ahead of next month's election.Labour said it would bring the parts of telecoms giant BT that deal with broadband into public ownership, as part of a sweeping programme of nationalisations.

Courier company Mailpac Group Limited, MGL, hopes to settle at least $263 million in debt to its parent company, Norbrook Equity Partners, through a $495 million initial public offering of shares on the junior stock market. Mailpac, which used the...

Oswald Soutar is a 36 year old deejay in Montego Bay who is known in the entertainment industry as DJ Blu the Jedi. Those who know him personally simply refer to him as Blu. He has pursued his craft since he was a 12-year-old boy living in Kingston and has successfully made a living from his career.

One of the most intriguing things occupying the attention of global financial markets is the notion of negative interest rates. In fact, there are currently more than US$13 trillion worth of global bonds having a negative yield and the majority of these bonds are from Europe and Japan.

on route to success in the engineering field, this weeks' Q10 participant who has spent some 28 years in the electrical energy sector, working in the areas of generation, transmission and distribution, came to Jamaica to take up a top post vacated by a tiny woman with big footprints.

From Harvard Business Review

It’s about more than just mitigating bias.
Here’s a system to help them set aside time for their most important work.
Make it a business issue, not a diversity issue.
They’re using the wrong data to assess job quality.

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.