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

Boeing estimates that it will spend US$1 billion to fix the 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people. The estimate was...

THE Government of Jamaica hopes to access US$100 million ($13.4 billion) in grant funding from China to improve the Jamaica Blue Mountain Coffee line of products, and on a larger scale, the local coffee industry.

THE Hague, Netherlands (AFP) — Dutch brewer Heineken, the world's second largest beer-maker, said Wednesday its profits rose 15 per cent in the first quarter of 2019 despite Easter being late in the year.The Amsterdam-based brewer reported net earnings of 299 million euros (US$335 million) for the first three months of the year compared to 260 million euros for the same period in 2018.

LONDON, United Kingdom (AFP) — Britain on Wednesday launched the search for the next Bank of England (BOE) governor, with Mark Carney finally due to step down after helping to steer the UK economy through Brexit uncertainty.

Energy analysts at Raymond James & Associates are warning that US imposition of tougher Iranian oil sanctions is “unambiguously bullish” for the price of oil...

Jamaican exports grew by nearly 38 per cent last year, a pace that was nearly four times faster than the rise in imports. Still at a value of US$1.88 billion, the goods that Jamaicans sell to foreign markets was less than a third of the products...

The Betting, Gaming & Lotteries Commission (BGLC) has embarked on a programme to update its enterprise risk management approach and implement a business continuity management strategy that observes international best practices and is in line with ISO standards.

BUSINESS activities are an essential part of every society. Their success, especially when first starting up, depends on many social and economic variables, but one of the most important things is what legal form the business adopts. Long-term success and prospects, through relationships with suppliers, investors and customers, can be hugely affected by the structure chosen.

LEADING business solutions and services provider, C&W Business Jamaica has upgraded its contact centre offering to allow businesses unmatched flexibility design, creation and management under the brand– the Cloud .

PORT OF SPAIN, Trinidad (CMC) — The Central Bank of Trinidad and Tobago (CBTT) says it is conducting a survey to determine the adequacy of financial institutions' cyber security, to ascertain what security measures are currently in place by institutions to lower the risk of loss.

International Business News

Youngme, Felix, and Mihir share their reactions to Apple’s big event announcing the launch of its new TV+ service. They then discuss whether corporate debt levels are reaching crisis potential. The views expressed on this podcast are those of its hosts, guests, and callers, and not those of Harvard Business Review.

From Harvard Business Review

Venezuelan model, social media influencer, and activist, Eglantina Zingg, shares how Instagram and her remarkable upbringing in the Amazon turned her into a fierce advocate for women and girls. The views expressed on this podcast are those of its hosts, guests, and callers, and not those of Harvard Business Review.
What we risk when we ask machines to find the right person for the job.
Quarterback, coach, GM, or owner?
It’s chasing Netflix, but its structure has held it back.
A study explored new ways to help stressed-out workers.

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.