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 Bank of Jamaica (BOJ) profits continue to surge amassing $7.65 billion year-to-date.The BOJ's latest published balance sheet for last month shows that its profits increased by $300 million over the one-month period February to March 2021 . In February, the year-to-date profit was $7.35 billion.Based on this trajectory, the BOJ seems set to record another year of profits in 2021.

Today’s column is dedicated to my late wife, Jillian. What connection does her death – which occurred last Saturday while I was at the National Arena protecting myself against the risk of getting COVID-19 – have to do with the subject of this...

There have recently been reports of disputes arising in the workplace over the reluctance of employees to abide by an instruction from the employer to be vaccinated for COVID-19 or resign. So far, much has been said in various fora about the...

Recently published visitor arrival figures indicate that Caribbean tourism has started down the long road to recovery. Following a disastrous 2020, during which governments closed borders to try to halt the spread of COVID-19 and months when the...

If you’re the leader of an organisation, what should you do when you develop an exciting, fresh strategic direction for your company? Before you rush in, take caution. You could do more bad than good if you don’t proceed carefully. Imagine yourself...

The Global Services Association of Jamaica (GSAJ) will on June 11 and 12, 2021 host the digital and virtual third staging of its Outsource2Jamaica (O2J) Conference.The conference this year will be dedicated to showcasing the symbolic resilience of and the advanced made by the local business process outsourcing (BPO) industry during the novel coronavirus pandemic, under the theme 'Back to the Future'."Our passion for excellent outsourcing, building Brand Jamaica, and promoting social and economic development across Jamaica has been our mantra since inception.

Hundreds of used vehicles destined for buyers in Cayman are piling up at the port of Kingston, resulting in one Japan-based vehicle exporter, Beforward, suspending shipments to Cayman due to the backlog. Most of those vehicles, which have been sitting at the port for weeks, were purchased online from Asian suppliers. The suspension will last for two months, giving sufficient time for the backlog in Jamaica to be cleared.

ALL of the major Jamaica Stock Exchange (JSE) indices except the JSE Cross Listed Index (JCLI) and Junior Market Index (JMI) advanced for the week ending April 9, 2021. The JSE Index advanced by 0.84 per cent to 397,747.50, which leaves it up 0.54 per cent for the year.

Luxury coach and courier service company Knutsford Express is banking on its Drax Hall Business Centre Development in St Ann to curtail its consolidated losses, which has escalated to $60.64 million for the last three quarters.Losses before taxation for the nine months ended February 2021 amounted to $60.64 million, reversing the pre-tax profit of $113.26 million reported during the same period in 2020.

National Commercial Bank Jamaica, NCB, has split its Corporate, Commercial and Consumer Banking Division into two units, one of which will be run by returnee Sheree Martin. Effective April 12, Martin, who rejoined the bank in 2020 after several...

From Harvard Business Review

Lessons from Amazon and beyond.
The first edition of HBR Live, our one-day virtual conference on April 8, explored the power of leadership during a truly transformative era. The event drew attendees from more than 75 countries to meet, interact, and hear from more than a dozen speakers, including CEOs, editors, professors, and a poet. Here are some of the […]
Three actions to help your team move on.
A new type of security, called “mission equity,” caps investor returns so the company’s financial success can help fuel its mission.
Start by asking yourself what you — and only you — can do.

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.