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Stability Of Jamaican Economy Continues To Drive Confidence

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President of Jamaica Promotions Corporation (JAMPRO), Diane Edwards, says stability of the macro economy has continued to result in an increase of business confidence within the country.

She says this confidence is manifested in the recent opening of one more Popeyes franchise in Cross Roads, Kingston; the opening of another Island Grill restaurant in Mandeville, and the return of production of Red Stripe beer for the North American market.

Edwards says “the price of energy is coming down and is going to be bolstered by the introduction of liquefied natural gas (LNG) to the market. (This) means that Jamaica is becoming a more attractive proposition to business in general and to manufacturing businesses, in particular,” she said.

She says the Red Stripe investment “is hugely welcomed, because it brings back to Jamaica’s shores a beer that has become a global brand”. Edwards says the spinoff of the just about 300 jobs to be created with this investment, will impact other sectors, such as agriculture, with cassava being used in the brewing process.

Edwards says these investments augur well for society, as persons will be exposed to good workplace habits and to business models geared towards productivity.

“Productivity is one of the huge issues we face in the workplace and in the talent pool in general. The more people are exposed to international models of productivity and international standards of productivity, the more we will be able to upgrade our workforce and upgrade the jobs that are on offer,” she emphasised.

Source: JIS News

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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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