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Where’s the confidence?..Lee Chin Asks.

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9 years ago

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Chairman of the National Commercial Bank Michael Lee Chin has expressed concern about the level of confidence local investors have in the Jamaican economy.

Addressing last Friday’s Jamaica Exporters’ Association dialogue with private sector leaders, he indicated that the difference between the wealth of local and international investors is the level of confidence individuals have in the country.

He has called on private sector individuals to change their approach to success by employing 99 percent strategy with only one percent of execution. “Success is one per cent strategy and 99 per cent execution. We in Jamaica, we strategise a lot, but I think we have it backwards with 99 per cent strategy and one per cent execution and unless we ‘fess up we are not going to change,”

Lee Chin has instead charged private sector leaders to jump to action and create solutions instead of dwelling on complaints about high interest rates, stagnation and politicians.

He says “I want us to make a promise to ourselves today that whenever we hear veranda talk about the complaints about politicians, stagnation, high interests — have an allergic reaction, and say to ourselves that’s a catalyst for all of us to jump into action and create that solution because someone out there is looking at and saying what a fantastic country this is”.

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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8 years ago

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November 24, 2016

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JSE Online Trading Platform

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8 years ago

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November 24, 2016

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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8 years ago

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July 11, 2016

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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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8 years ago

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June 27, 2016

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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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8 years ago

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June 27, 2016

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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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