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Newly Sworn In Government to Focus on Growth, Job Creation And Debt Reduction

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The newly sworn in government of Prime Minister Andrew Holness has been tasked with making the growth of the economy, creation of jobs and reduction of public debt, its priority.

Speaking at yesterday’s swearing in ceremony for Cabinet Ministers, Prime Minister Holness expressed confidence that the individuals selected as Ministers are fully capable of achieving success in the priority areas.
“Ministers are expected to display very quickly, a grasp of the subject area, articulate solutions, as well as lead and inspire confidence. I am confident that the persons chosen will do all these things and more,” he said.
Holness says the structure of the Cabinet is an important signal of the direction, priority and underlying ethic and ethos of the Government, to the country, especially to investors and entrepreneurs.
He says the Agriculture portfolio was combined with Industry and Commerce as a signal of the Government’s intent to accelerate and intensify the vertical integration of agriculture into commercial activity.
Meanwhile, Holness says the Ministry of Economic Growth and Job Creation in the Office of the Prime Minister (OPM) will pull together agencies from across the Government that are instrumental to growth and job creation.
He says the “benefit of the Ministry, aside from investment and growth promotion activity, will be the central coordination and logistical planning of the growth agenda, but more importantly, the political imprimatur of the Office of the Prime Minister on getting our projects approved and getting the growth agenda advanced and accelerated and implemented”.

The Cabinet comprises 18 Ministers as follows:
Mr. Holness has portfolio responsibility for Defence and Economic Growth and Job Creation; Minister of Finance and Public Service, Hon. Audley Shaw; Minister of Industry, Commerce and Agriculture, Hon. Karl Samuda; Minister of National Security, Hon. Robert Montague; Minister of Foreign Affairs, Senator the Hon. Kamina Johnson Smith; Minister of Justice, Hon. Delroy Chuck; Minister of Energy, Science and Technology, Hon. Andrew Wheatley; Minister of Local Government, Hon. Desmond McKenzie; Minister of Transport and Mining, Hon. Mike Henry; Minister of Education, Youth and Information, Senator the Hon. Ruel Reid; Minister of Health, Dr. the Hon. Christopher Tufton; Minister of Tourism, Hon. Edmund Bartlett; Minister of Labour and Social Security, Hon. Shahine Robinson; Minister of Entertainment, Sport, Culture and Gender, Hon. Olivia ‘Babsy’ Grange.
Hon. Horace Chang, Hon. Derrick Smith, and Hon. Daryl Vaz, are Ministers without Portfolio in the Office of the Prime Minister (OPM); while Hon. JC. Hutchinson, is Minister without Portfolio for Industry, Commerce and Agriculture.
Mrs. Marlene Malahoo Forte was also sworn in as Attorney General.
There are four State Ministers: Hon. Fayval Williams and Hon. Rudyard Spencer, Ministry of Finance and Public Service; Hon. Pearnel Charles Jnr., Ministry of National Security; and Hon. Floyd Green, Ministry of Education, Youth and Information.

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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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