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The Bell Has Rung

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Jamaicans yesterday took to the polls and decided that it was time for a change of government in the form of Andrew Holness and the Jamaica Labour Party (JLP).

Preliminary results show that the JLP, led by its Leader, Mr. Andrew Holness, has won 33 seats, while the People’s National Party (PNP), led by Prime Minister, the Most Hon. Portia Simpson Miller, won 30 seats. In the 2011 general elections, the JLP won 21 seats, while the PNP won 42 seats.

In his victory speech at the JLP’s headquarters on Belmont Road, Holness thanked the people of Jamaica for the victory.

“It has been a long and arduous journey. We have carried a message of hope, that Jamaica can be a better place and the people have accepted the message,” he said.

Holness said this is not the end of a journey, and gave a commitment that the Government will not work as usual.

“We are going to change the way Government works. We have been given stewardship of the country and we stand to be accountable. We will keep the commitments we have made to the people,” he said.

He says critical to success was ten-point plan and appeal to young and undecided voters.

Holness has promised that during his time as Prime Minister, he intends to address issues relating to water, housing, education and health.

Meanwhile, in conceding victory, Simpson Miller called for increased unity and “uniting for a cause”.

She also informed comrades who gathered at the PNP headquarters that during the recount, there needs to be ” ‘strong persons at constituencies to recount ballots..’ as the party can “leave nothing to chance”.

The JLP win has been welcomed by members of social media deemed the “articulate minority” who say it shows that “the voice of the youth matter” and they are “not just talk”.

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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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