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

A decline in agricultural prices, along with a significant reduction in international oil prices, resulted in the consumer price index falling by one per cent for December 2018, bringing the annual point-to-point...

SAO PAULO, Brazil (AFP) — Brazil's stock market hit a new record yesterday, breaking through the 95,000-point level in a streak of gains racked up since President Jair Bolsonaro took office at the beginning of the year.

The good book said, "It is more blessed to give than to receive", and the evidence of this is etched deeply in The Fiscal Incentives (Miscellaneous Provisions) Act.This act brought about the...

SANTIAGO, Chile (AFP) — Extreme poverty in Latin America hit its highest level for nine years in 2017, according to a report by the UN's Economic Commission for Latin America and the Caribbean (ECLAC) published on Tuesday.Poverty remained stable at 30.2 per cent of the population — 184 million people —but extreme poverty increased from 9.9 per cent in 2016 to 10.2 per cent, or 62 million people, it said.

LONDON (AP):Facebook said on Thursday it removed hundreds of Russia-linked pages, groups and accounts that it says were part of two big disinformation operations targeting users outside the US....

GraceKennedy said it has made a number of changes at its senior management level as it continues to streamline its structure in alignment with its 100th anniversary objectives.The...

GRACEKENNEDY Group CEO Don Wehby has announced changes at the company's senior management level to take effect on April 1, 2019. The changes are part of an ongoing transformation process to streamline the company's structure in alignment with its 100th anniversary objectives. The centennial anniversary will be celebrated in 2022.

In its first annual report after listing on the junior market of the Jamaica Stock Exchange, Indies Pharma is showing a dip in profits despite a bump in revenues. A $20.5-million, or 14.52 per cent, decrease in...

Jamaica's Consumer Price Index (CPI) for the month of December 2018 fell by one per cent, triggering a drop in the country's annual point-to-point inflation rate to 2.4 per cent at the end of December 2018.

As we work to advance regional economic growth and unlock new investment opportunities, it is time for Caribbean businesses to rethink their approach to the capital market.With a plethora of financial instruments and vehicles available to investors, the market is becoming increasingly saturated and investors increasingly frustrated. They want to make strong choices with a clear understanding of the potential risks and benefits associated with their financial decisions.

From Harvard Business Review

Being a lifelong learner is essential.
A dozen interviews can be more useful than thousands of responses to a questionnaire.
There are better and worse ways to disagree.
New types of investments are tied to ESG goals.
Youngme, Felix, and Mihir discuss Apple’s position in the Chinese market; debate whether payday lending is good or bad for workers; and ask whether companies should be doing more to help employees manage cash shortfalls. They also offer their After Hours picks for the week.

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.