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NCU-Based Guardana places 6th In World In International Business Model Competition

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Photo: NCU’s Guardana team, comprising of Princess Shakes (left) and Natoy Allen pose with winning cheque during the final presentation at the recently held NBMC

Northern Caribbean University (NCU) – based, team Guardana has placed sixth in the world at the International Business Model Competition, held in Washington DC, in the United States, on April 29 and 30.

Team Guardana, which comprises NCU students, Princess Shakes —founder and CEO and Natoy Allen, earned the right to represent Jamaica on the international stage when, on April 1, they walked away as winners of the National Business Model Competition (NBMC).

In 2014, during the outbreak of the Chikungunya virus carried by the Aedes aegypti mosquito, the team saw the opportunity to start the production of a DEET-free mosquito repellent called Guard, the product with which they entered the competition.

The International Business Model Competition (IBMC) is the first and largest, lean, start-up competition in the world which aims to educate and inspire smarter and more successful entrepreneurs.

This year, 5000 teams from 200 schools from all over the world participated in the competition.

Of that number, 42 teams were given the opportunity to present their business models; Guardana being one of them.

In the local competition, the team beat 12 other teams from four universities, making this the third consecutive year an NCU-based team was announced champions of the competition.

The team was the first all-female team to represent Jamaica internationally in the IBMC.

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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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