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Hotel and Tourism Association Head Lauds the Performance of the Jamaican Tourism Market

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President of the Jamaica Hotel and Tourist Association (JHTA), Nicola Madden Greig, has lauded the continued performance of the Jamaican tourism market in terms of attracting visitors to the island, with just over 2 million arrivals recorded in 2015.

Speaking at the opening of the 2016 Jamaica Product Exchange (JAPEX) tourism trade show last Friday, Madden Greig said the arrivals also resulted in a significant increase in earnings for the industry.

She says despite the achievements, however, stakeholders in the industry cannot afford to cut back on their efforts to ensure that Jamaica remains ahead of the competition.

“As we look at our achievements, we remain cognizant that with an uncertain global environment and intensifying regional competition, challenges will persist in the near and medium term. This winter was particularly challenging for our Canadian partners and together we will have to work to ensure that this market rebounds,” she added.

“The JHTA, in collaboration with the Jamaica Tourist Board and you our partners, would like to deepen the conversation on how we can move Jamaica to double digit growth. This effort will require that we all think outside of the box, stretch our imagination and re-double our efforts with razor thin focus,” she told the gathering.

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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