Nov/Dec 2017 Articles


Domestic contractors, contrary to what some might want to believe, are not asking for any special favours or to ban foreign contractors. What we ask is to be given an opportunity to carry out our business in a fair way in our country.


Our study conducted by Mona School of Business and Management, (MSBM) in June 2017, revealed that the leaders of local construction firms perceive that public sector delays, Government procurement policy, cost of financing, and company debt burden are among the main impediments to growth of the sector. Along with policy changes, we suggest several strategies, including adoption of Lean Construction techniques to increase efficiency.


It cannot be that the Jamaican construction industry that designed and built the National Stadium, Conference Centre, New Kingston, and the Bank of Jamaica is being told that in order to redevelop Downtown Kingston and construct the new Parliament building, we have to get foreign expertise to build. It is full time to review the policies that we have pursued over the years.


Social Entrepreneurship addresses the failings of the traditional economy through their operations within the social economy. This is evident in some countries like Jamaica, having low economic performance indicators, yet having a high social progress index showing significant improvement in the provision of services that address basic human needs.


This Administration is committed to the economic growth and development of the country. As we seek to advance the growth agenda it is evident that the construction industry has a major role to play in driving the process.


The historical social, cultural, political, diplomatic and economic context of the Jamaica-China relationship provides a critical point of reference that gives texture to the current public discussion about balancing the relationship between both countries.


Against a background of foreign and domestic pressures on the construction industry, this article explores some of the opportunities for the use of low-cost ICTs to enable and enhance what is broadly referred to as "Lean Construction” practices, and looks at the practical experiences of a real-world case study.

Local Business News

The Petroleum Corporation of Jamaica, PCJ, indicates that it will take up to 18 months to know the findings of the ongoing 3D gas and oil survey being conducted by Tullow in Jamaica's waters."The...

With rums being produced from a vast range of source regions from Trinidad to Cuba, having a special blend developed right here in Jamaica is indeed an international honour. And with global rum prices ranging from US$70 to an eye-watering US$2,400 per bottle, the distinction of winning a global taste test can have serious and positive economic implications for the rum brand.

The Bank of Jamaica, BOJ, introduced the buy side of its auction system B-FXITT, with an offer for US$5 million, but eligible bids fell short by US$1.05 million.In an update during a briefing at the BOJ...

The compensation packages for executive management of the Bank of Jamaica were topped up during 2017, amid efforts to retain critical staff.The central bank's annual report reported...

While there had been little publicity recently about the plan to create a global logistical hub in Jamaica, the possiblity of developing a related industry is now being discussed.Citing a number of significant advantages, Minister of Science, Energy and Technology Dr Andrew Wheatley is touting that a bright prospect is on the horizon for the development of Jamaica into a major bunker centre.

Caribbean Airlines Limited, CAL, which considers North America its main market, is making a concerted effort to drum up business from inter-regional travel, in the wake...

Several prospective investors have expressed interest in the cocoa assets owned by the Jamaican Government, but the Development Bank of Jamaica, DBJ, said this week that it will not be...

SAN JUAN, Puerto Rico (AP) — New austerity measures are coming for Puerto Rico as a federal control board overseeing the US territory's finances met yesterday to approve several fiscal plans that will serve as the island's economic blueprint for the next five years.

HAVANA, Cuba (AFP) — Cuba's Miguel Diaz-Canel, who formally replaced Raul Castro as president yesterday, has the task of steering the communist island through a period of uncertainty as it turns the page on six decades of Castro rule. In his opening speech, the silver-haired 57-year-old vowed to “continue the Cuban revolution” as laid out by his predecessors, his maiden speech triggering a standing ovation in the chamber.

Despite expressed need for improved housing stock, one developer, H Mahfood and Sons — a subsidiary of Jamaican Teas Ltd — has stated its intention to steer clear from the construction of low-income housing following significant losses on its St Thomas development from delays in getting customer approval and payment from the National Housing Trust.

From Harvard Business Review

htu/Getty Images Is there someone on your team who seems unusually productive? Someone who gets a huge amount done — without working longer hours? Super-productive people are in every industry. The most productive software developers write nine times more usable code per day than the average developer, according to research by Michael Mankins.
CSA Images/Getty Images You want to be a great boss. You want your company to be a great place to work. But right now, at this very moment, one of your key employees might be about to walk out the door. She has consistently brought her best game to work and has grown into a huge asset. But her learning has peaked, her growth has stalled, and she needs a new challenge to...
diane555/Getty Images Alongside popular misconceptions that healthy people do not need the flu shot and myths about the harmful side effects of the vaccine, numerous studies have shown that one of the biggest reasons people don’t get vaccinated is that a physician never recommends it. (Eighty percent of patients say they would be more likely to get a vaccination if a...
HBR Staff/Chris Minerva/Getty Images In the past decade, content marketing has become a widely established practice. Companies have hired writers and Chief Content Officers to run departments, create blogs and other materials, and, in the process, some have assured sales people that content marketing can mean the end of cold calling. The playbook sounds simple: attract...
Colormos/Getty Images Imagine this: You’re a general manager for a manufacturing company and orders are up. You know you should be celebrating, but instead, you feel gut punched. Your plants are facing severe capacity and material constraints and you know you can’t fill these orders. Now you have to decide which ones to fill, which to delay, and which to turn away. Your...

Executive Insights

June 28, 2017

The concept of climate change is again a very topical issue. Jamaica has had two recent bouts with heavy rains that have emphasized previously known areas of hazards, and have identified totally new areas that were previously overlooked or were dormant. The estimates of damages are not yet final, and even due diligence will not capture undocumented losses of agriculture, livestock, or illegal housing. Therefore the potential losses will continue as mere replacement does not necessarily equal enhanced restoration.

April 3, 2017

For our younger readers, Venezuela may only have a distant image comprising oilfields and offshore drilling that many have only seen pictures of. Venezuela’s second image may be the beautiful entrants in Miss World or Miss Universe. In these days of modern air travel there are only three convenient routes; one via Miami; one via Panama; or one via Trinidad.

September 25, 2016

In a previous article in this series I questioned the Business Confidence indices for the first quarter of 2016 that showed a positive jump in confidence. I wondered if this was influenced by the expectation of a General Election, a continuity of the then government, or a change of government. I have no definitive reason only intuition, for deciding between these possible influences, or other random answers. Since then several things have happened that serve to further confuse me.

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.