Stakeholder Trust Identified as a Pivotal Economic Driver

Engendering greater stakeholder trust across the public and private sectors to drive efficient service delivery is deemed pivotal in any thrust to secure higher levels of sustainable economic growth.This is the view of American bestselling author, Stephen Covey, who was speaking during the 37th Annual Caribbean Conference of Accountants, held recently at The Jamaica Pegasus hotel in New Kingston.Mr. Covey noted data from a study of 41 countries which he said shows that territories with the greatest levels of trust had the highest gross domestic product (GDP) per-capita incomes, and better economic performances.He also pointed out that in a “high-trust” culture, “persons are 32 times more likely to take a responsible risk, leading to innovation”.Mr. Covey indicated that high trust cultures are created from within organisatons, and challenged the conference’s participants to commence the process of exploring and initiating cycles of economic growth generation, that will result in improved societies.He contended that the process of engendering internal trust will dovetail into relationship trust, organisational trust, market trust, and eventually societal trust.Mr. Covey further emphasised that key elements in this dispensation are: integrity; declaration of intent; capability; and maintaining a good track record.Exhibiting these positive traits, he argued, will prove inspirational to other persons; boost productivity and innovation; and result in greater output and, ultimately, economic growth, adding that “trust is an economic driver, not merely a social virtue”.The conference, which was staged by the Institute of Chartered Accountants of the Caribbean (ICAC) in tandem with the Institute of Chartered Accountants of Jamaica (ICAJ), attracted approximately 600 of the region’s accounting and business professionals.Key topics discussed under the central theme: ‘Navigating Global Disruption: Creating Opportunities’ included: information technology; education; business best practices; climate change; trade; and health. Engendering greater stakeholder trust across the public and private sectors to drive efficient service delivery is deemed pivotal in any thrust to secure higher levels of sustainable economic growth. This is the view of American bestselling author, Stephen Covey, who was speaking during the 37th Annual Caribbean Conference of Accountants, held recently at The Jamaica Pegasus hotel in New Kingston. Mr. Covey noted data from a study of 41 countries which he said shows that territories with the greatest levels of trust had the highest gross domestic product (GDP) per-capita incomes, and better economic performances. Story Highlights read more

Young HR Specialist Hails LMIS

One young beneficiary of the Ministry of Labour and Social Security’s Labour Market Information System (LMIS) is hailing the initiative for positioning her for a rewarding career.Daysia-Gay White, who is a graduate of The Mico University College, told JIS News that she was referred to the online employment portal through the Programme for Advancement Through Health and Education (PATH). She was placed on PATH while attending the then Trench Town High School.After leaving The Mico, Miss White benefited from training via LMIS, to prepare her for the workplace, before being placed on work/internship at IBEX Global Jamaica, where she is now employed as a human resource (HR) specialist.Miss White, who shared her story with JIS News at the recent launch of the LMIS’s Mobile Application at The Jamaica Pegasus hotel in New Kingston, said she is thankful for the opportunity, noting that she plans to do advanced training.She is encouraging others to make use of the facility, noting that “it will place them on the right path”.“The programme (LMIS) has helped me in my holistic development and I am sure that it can help other persons,” she added.Meanwhile, Human Resource Manager at IBEX Global Jamaica, Meisha McDonald, told JIS News that Miss White “has grown tremendously” since she joined the company over two years ago.“From an HR administrator, she is now an HR specialist, and she has been doing tremendously well,” she noted.Miss McDonald said that the LMIS is a “good programme,” and is advising more young people to access the benefits in order to “chart their future.”“Reach out to the Ministry, ask questions and positive things will happen,” she said.To register with the LMIS, persons may visit lmis.gov.jm. or download the mobile application from the Google Play store. The app will soon be available for Apple devices.The objectives of the LMIS are to disseminate labour market intelligence; provide easier access to employment opportunities; provide a wide range of information on past, current and prospective economic conditions and job availability; and facilitate equity in the labour market by providing support and assistance to the unemployed and special groups such as the disabled, aged and youth. Daysia-Gay White, who is a graduate of The Mico University College, told JIS News that she was referred to the online employment portal through the Programme for Advancement Through Health and Education (PATH). She was placed on PATH while attending the then Trench Town High School. One young beneficiary of the Ministry of Labour and Social Security’s Labour Market Information System (LMIS) is hailing the initiative for positioning her for a rewarding career. After leaving The Mico, Miss White benefited from training via LMIS, to prepare her for the workplace, before being placed on work/internship at IBEX Global Jamaica, where she is now employed as a human resource (HR) specialist. Story Highlights read more

Industry Ministry Launches ThreeYear MSME Digital Marketing Plan

The Ministry of Industry, Commerce, Agriculture and Fisheries, in partnership with the Organization of American States (OAS), has launched a three-year Micro, Small and Medium-sized Enterprise (MSME) Digital Marketing Plan, to strengthen and empower MSMEs in Jamaica with digital marketing solutions. This follows the signing of a memorandum of understanding (MOU), today (August 29) between the Ministry and Kolau, a partner of Google, to collaborate towards the digitisation of 25,000 MSMEs in three years. “One big plus of the relationship with google [is] it does help to provide location services that are directly aligned to google maps. The other plus is this will also provide our MSMEs with the ability to incorporate their provisions with a PayPal service. In this the age of e-commerce, one of the challenges our MSMEs have had is getting those services established,” Mr. Green said.“Most importantly, it’s not a one-off interaction, it’s not that you just set up a web presence and that is the end of our engagement. We will have monthly YouTube live events, where we will help our MSMEs learn basic principles of digital marketing. We want them to become savvy in selling themselves and brands online,” he added.Mr. Green noted that overall, the initiative will give MSMEs increased online presence and access to resources that they would not normally come across.For his part, Founder and Chief Executive Officer of Kolau, Danny Sanchez-Mola, said the MSME Digitalisation Plan, has been implemented with great success in the other countries in which it has been launched. Those countries include México, Chile, Paraguay and El Salvador.Minister of State in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green (right), listens to Chief Executive Officer of Kolau, Danny Sanchez-Mola, at a signing ceremony held at the Ministry’s St. Lucia Avenue offices in New Kingston, today (August 29). Story Highlights The Ministry of Industry, Commerce, Agriculture and Fisheries, in partnership with the Organization of American States (OAS), has launched a three-year Micro, Small and Medium-sized Enterprise (MSME) Digital Marketing Plan, to strengthen and empower MSMEs in Jamaica with digital marketing solutions.This follows the signing of a memorandum of understanding (MOU), today (August 29) between the Ministry and Kolau, a partner of Google, to collaborate towards the digitisation of 25,000 MSMEs in three years.The signing took place at the Ministry’s St. Lucia Avenue offices in New Kingston.The goal of the Digital Marketing Plan is to reduce the MSME failure rate by making them visible online and with e-commerce integrated at no cost to them.In his address, Minister of State in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green, said the Digital Marketing Plan will provide a space where MSMEs can create a dynamic and intelligent webpage as the centre of their web presence.Minister of State in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green, addresses a signing ceremony held at the Ministry’s St. Lucia Avenue offices in New Kingston today (August 29). “We believe that Jamaica will exceed, if not meet [the target], given the strong network of support that the Ministry has put in place for years,” Mr. Mola said.Meanwhile, Country Representative of the OAS, Mrs. Jeanelle Van Glaanenweygel, said the steady digitisation of MSMEs will improve the gross domestic product (GDP) rate contribution of the sector to the country.“Digitisation will help business owners of small enterprises to keep better track of their online transactions, sell products online and interact better with their customers located in different parts of the world,” Mrs. Glaanenweygel said.The MSME Digitalisation Plan was introduced at the VI Inter-American Dialogue of High-Level MSME Authorities, organised by the Department of Economic Development of the OAS in El Salvador in April 2019. The signing took place at the Ministry’s St. Lucia Avenue offices in New Kingston. read more

Jamaica Ahead of 2025 HCFC Target

This is way below the national target, which is 241 metric tonnes of allowed imports of HCFCs by 2025. Jamaica is way ahead of the national target for phasing out the use of hydrochlorofluorocarbons (HCFCs). Project Manager in the National Ozone Unit at the National Environment and Planning Agency (NEPA), Vivian Blake, said 2018 figures show that Jamaica is at 55 metric tonnes of imports. Jamaica is way ahead of the national target for phasing out the use of hydrochlorofluorocarbons (HCFCs).Project Manager in the National Ozone Unit at the National Environment and Planning Agency (NEPA), Vivian Blake, said 2018 figures show that Jamaica is at 55 metric tonnes of imports.This is way below the national target, which is 241 metric tonnes of allowed imports of HCFCs by 2025.He was speaking at a JIS Think Tank on September 11 to highlight the work of the National Ozone Unit.The reduction in imports of HCFCs is in keeping with the country’s commitments under the 1987 United Nations Montreal Protocol on Substances that Deplete the Ozone Layer.The Montreal Protocol, which was ratified by 197 countries, sets national targets to phase out the manufacture and use of ozone-depleting substances, which include chlorofluorocarbons (CFCs).Jamaica phased out the use of CFCs in refrigeration in 2006, four years ahead of the protocol’s schedule.“Since then, the alternatives to the CFCs, which are highly ozone-depleting substances – the HCFCs – came on stream and Jamaica is actively, along with its stakeholders, phasing out these substances,” Mr. Blake said.“They contribute to global warming because they are powerful greenhouse gasses. Already, we have alternatives to these, which are natural refrigerants,” he added.HCFCs are used in refrigeration and air-conditioning units as alternatives to CFCs. However, the use of HCFCs will also be phased out under the Montreal Protocol.The National Ozone Unit reports that the hole in the ozone layer is healing at a rate of one to three per cent per annum. Story Highlights read more