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 ballroom of Jamaica Pegasus hotel came to life on Thursday last ( July 18) when over 120 artisans and small business operators exhibited their gift offerings and other items at the annual 'Christmas in July' exhibition put on by the Tourism Linkages Network.

Billy Craig Insurance Brokers is now offering more affordable international health insurance coverage, with greater options for access to overseas medical care. William Craig, the company's chief executive officer (CEO), explained how this new level of coverage in the market has been made possible through Billy Craig's connection to international risk management markets.

Carib Cement has more than doubled its pre-tax profit for 2018 while revenues were slightly up.Pre-tax profit went up by a whopping 118% moving from $1.5 billion in 2017 to $3.3 billion for 2018. Net profit after taxes for the period amounted to $2.5 billion, up from $1.1 billion at the end of 2017.

The Jamaica Observer's Sunday Finance can now confirm that Carib Cement is the company selected by the Government to remove and dispose of the over two million old tyres currently stockpiled at the Riverton City disposal site in Kingston.

Caribbean Cement Company plans to spend US$9 million ($1.2 billion) on capital projects this year, one of which involves converting old tyres from waste to energy at its kiln. The cement company has 35 projects planned for this financial year. The...

QUESTION: H ow do insurance companies make money? There are a lot of activities in this sector. A Barbadian insurer entered the local market a few months ago. A change in the ownership of the country’s biggest motor insurer is also taking place....

Jamaica is currently facing a chronic oversupply of apartments, especially in Kingston, where there are upwards of 1,000 unsold units.This according to real estate broker Anya Levy and veteran real estate entrepreneur and developer, Peter Rousseau. Both are of the view that the apartment segment of the real estate market is already over-saturated, with very little takers based primarily on the price being demanded by developers.

President of the Jamaica Manufacturers and Exporters Association (JMEA), Richard Pandohie is calling for a more open flow of information within the manufacturing sector.

In a few days, about 160,000 members of Britain’s Conservative Party – largely white, male and in their late 50s – will elect a new party leader and so appoint Britain’s next prime minister. This 0.3 per cent of the country’s electorate must...

KINGSTON, Jamaica — The Scotia Group is announcing the appointments of Debra Spence-Lopez as vice-president for sales and services at Scotia Insurance and Wealth and Marco-Dane Gordon as vice-president business support at Scotia Investments.

From Harvard Business Review

Design incentives for both financial and nonfinancial goals.
There are dozens of automation tools — here’s how managers can keep them under control.
Based on a survey of almost 2,000 NCAA coaches.
Often it’s because of how jobs are designed.
Researchers studied women’s experiences over the last few years.

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.