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 chairman and CEO of e-commerce giant Alibaba Group praised Chinese regulators Monday in a possible attempt to repair ties after the stock market début of its former financial services arm was suspended following criticism of them by billionaire...

MONTEGO BAY, St James — Sangster International Airport (SIA), Jamaica's leading gateway to the world, operated by MBJ Airports Limited, welcomed JetBlue's direct flights from Raleigh and Newark yesterday. JetBlue Airlines flights 107 and 549, using Airbus A320 arrived from Newark Liberty Airport (EWR) and Raleigh-Durham International Airport at 1:42 and 2:14 pm, respectively.

Less than two years after being acquired for $3.1 billion by the Paul Simpson-led Cornerstone United Jamaica Holdings, Barita Investments Limited has made significant strides in the local financial space as they concluded their 2020 financial year (FY) with a $70.5-billion balance sheet and $2.73 billion in net profit.

I owe a big debt to the leaders of the Integrity Commission. They stimulated the ideas on which today’s article is based. What do these folks have to do with the topic that I write about each week? They published a four-column advertisement in last...

With people and traffic movement on the rise again, businesses are seeing signs that the peak commercial season will allow them to erase some of their pandemic-induced losses, and the countdown to Christmas is on. For some shopping areas, yuletide...

A few miles south of the namesake tower where Donald Trump began his run for president, New York prosecutors are grinding away at an investigation into his business dealings that could shadow him long after he leaves office in January. The probe...

More than 500,000 Digicel customers will have a chance to win cash and prizes, with the option to keep their winnings or gift it to a friend, loved one, or someone they feel is deserving of it over the Christmas period.

Before the COVID-19 pandemic, the role of low-skilled labour in the economy was assumed to be in decline. In digitally disrupted labour markets, where fancy STEM professions – science, technology, engineering, mathematics – enjoy pride of place,...

NEW YORK, United States (AFP) — Global stock markets moved gingerly yesterday, with Europe posting modest gains while Wall Street dipped as traders weighed coronavirus vaccine hopes against lockdowns and the lack of a new US stimulus deal.In Europe, both Frankfurt and Paris ended the day with a gain of 0.4 per cent, while London added 0.3 per cent.

There has been a slowdown in the growth of loans to the private sector based on the latest assessment by the Bank of Jamaica (BOJ), which regulates the local financial sector.

From Harvard Business Review

It’s about dignity, fairness, and restoration — not blame.
The way you describe an issue will determine how you address it.
Changing the places where some services are performed can yield big savings, but physicians’ behaviors must be taken into account.
It might be time to let go of limiting beliefs and make that bold move.

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.