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Jamaica Co-operative Credit Union League (JCCUL) and RedBk Jamaica Limited sign agreement to collaborate for mutual benefit.

In commenting on the prospects for the cooperation Mr. Hutton said “RedBk Jamaica Limited and the Jamaica Co-operative Credit Union League (JCUL) are collaborating in the building of a long term, mutually beneficial business relationship. We at the JCCUL are very pleased to support the introduction of RedBk Telephone Directories, which is a unique communication vehicle that effectively takes the business of our members directly to the people who need our services. We understand and have experienced the benefits of products and services in a competitive environment and encourage our membership to advertise in this innovative, relevant and cost effective medium.”

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Heston Hutton (r) Assistant General Manager – Strategic Development & Planning at the Jamaica Co-operative Credit Union League (JCCUL) recently met with Carol Pryce (l) President and CEO RedBk Jamaica Limited, to review and discuss a number of mutually beneficial initiatives on which their respective companies will be embarking as part of an overall plan which collaborates in the building of a long term, mutually beneficial business relationship.

Carol Pryce commenting on the strategic alliance stated that “RedBk sees great potential in the partnership. The over 40 Credit Unions, which together constitute the league (JCCUL) between them, have close to 950,000 individual members. Many of these are small businesses, which surely, from time to time seek funding through their C.U. We at RedBk want to show them the benefits of our affordable directive advertising options,  whether online or in any of our 5 printed directories, not just to look for a number, but to offer them a place where they can advertise their business under specific Jamaicanised classification(s).  That way, with this kind of exposure, it’s easy for them to be found, potential customer base immediately expands giving a reach wider than ‘word of mouth’, business growth is facilitated, and this not only help to maintain the loan repayment but grow the profitability too”.

Heston Hutton (r) Assistant General Manager – Strategic Development & Planning at the Jamaica Co-operative Credit Union League (JCCUL) recently met with Carol Pryce (l) President and CEO RedBk Jamaica Limited,

In commenting on the prospects for the cooperation Mr. Hutton said “RedBk Jamaica Limited and the Jamaica Co-operative Credit Union League (JCUL) are collaborating in the building of a long term, mutually beneficial business relationship. We at the JCCUL are very pleased to support the introduction of RedBk Telephone Directories, which is a unique communication vehicle that effectively takes the business of our members directly to the people who need our services. We understand and have experienced the benefits of products and services in a competitive environment and encourage our membership to advertise in this innovative, relevant and cost effective medium.”

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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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