RSSCategory: Business

Sub-Contracts Awarded For Airport Project

Sub-Contracts Awarded For Airport Project

“A large number of sub-contracts have been awarded to both Bermudian and overseas companies for the new airport terminal building including baggage handling, ventilation, fire protection and much more,” Skyport announced today. A Skyport spokesperson said, “Aecon’s Specialist Baggage Handling Systems [BHS] and BIWIS Software System... Read more of this article

Cooper & Giffen Make Powerwomen Top 200 List

Cooper & Giffen Make Powerwomen Top 200 List

Conyers Dill & Pearman director Helen Cooper and Freya Giffen, Head of Conyers Trust Services, have been included in Citywealth’s 2018 list of the top 200 women in the global private wealth management industry. The IFC Powerwomen Top 200 list recognises successful professionals who stand out in their field, helping to promote business excellence... Read more of this article

Marsh & McLennan To Buy JLT For $5.7 Billion

Marsh & McLennan To Buy JLT For $5.7 Billion

Marsh & McLennan announced that it has reached an agreement to acquire Jardine Lloyd Thompson Group [JLT] for $5.7 billion. “The transaction has been approved by the Board of Directors of each of MMC and JLT. Under the terms of the transaction, holders of JLT’s common shares will receive cash consideration of £19.15 pounds per share,”... Read more of this article

300 Attendees Expected At BILTIR Conference

300 Attendees Expected At BILTIR Conference

On Thursday, September 27, 2018, insurance executives from around the world will come to Bermuda for the fifth annual Bermuda International Life and Annuity Conference, hosted by the industry’s association of companies known as the Bermuda International Long Term Insurers and Reinsurers [BILTIR]. “With nearly 300 registered attendees expected,... Read more of this article

Bermuda Stock Exchange Report: Sept 17 2018

Bermuda Stock Exchange Report: Sept 17 2018

September 17 saw 23,228 shares trade on the Bermuda Stock Exchange, valued at $96,023.40 BD. 21,300 shares were traded by One Communications Ltd, closing up 6.8% at $3.15 per share, while another 1,928 shares were traded by Ascendant Group Limited, closing even at $16.30 per share. The BSX finished at 2,870.96, up 0.10% on the day. There was 1 advance,... Read more of this article

RA: Electricity Tariffs Open To Consultation

RA: Electricity Tariffs Open To Consultation

The Regulatory Authority said that “in its assessment of electricity rates is proposing a change in the way rates are calculated and has today released a Retail Tariff Methodology Consultation document.” “The Authority proposes to introduce cost-efficiency incentives alongside the traditional rate-of-return model, to promote affordable... Read more of this article

One Introduces ‘Seamless WiFi Connectivity’

One Introduces ‘Seamless WiFi Connectivity’

One Communications today [Sept 17] announced the launch of its OneHome WiFi service, saying that “this new, technological innovation promises to resolve long-standing WiFi coverage issues experienced in homes across Bermuda.” “WiFi is an important part of everyday life, and to have multiple connected devices in a single household is now... Read more of this article

BMA: Requirements For Digital Asset Businesses

BMA: Requirements For Digital Asset Businesses

The Bermuda Monetary Authority [BMA] has released an Information Bulletin outlining what documentation is required when submitting an application for a digital asset business [DAB] licence. “The Digital Asset Business Act 2018 [the Act] makes provision for DAB licenses. To supplement the Act, the Digital Asset Business [Cybersecurity] Rules 2018,... Read more of this article

ConnecTech & MLG Offer Blockchain Workshops

ConnecTech & MLG Offer Blockchain Workshops

ConnecTech announced a “strategic partnership with MLG Blockchain to improve blockchain education in Bermuda.” “Under this partnership, MLG Blockchain will provide educational Blockchain workshops. The educational series will begin with an introductory information session on blockchains and cryptocurrencies for the public, followed... Read more of this article

Youth Movement: Business Owner Kayuntae Ming

Youth Movement: Business Owner Kayuntae Ming

[Generation Next Youth Movement Series] Health is wealth! At least it is turning out to be for 19-year-old Kayuntae Ming, founder and owner of His N’ Hers Hair & Beauty Boutique. When asked to give a brief introduction about herself and her interests, Ms. Ming said, “I’m 19-years-old; going 20 in November. I’m a very proud winner... Read more of this article

Six Cruise Ships Cancel Calls Due To Hurricane

Six Cruise Ships Cancel Calls Due To Hurricane

While Bermuda was fortunately spared a hit from Hurricane Florence, the island was impacted financially, with six cruise ships cancelling their calls in an effort to avoid the storm’s path as it churned through the Atlantic, resulting in an estimated loss of over $1.5 million in visitor spending. This is according to the Bermuda Tourism Authority,... Read more of this article

Govt Issue RFP For Co-Working Space Design

Govt Issue RFP For Co-Working Space Design

The Government has issued an RFP for “Architectural Interior Design and Project Management Services” for the third floor of the IAS Building on Church Street in Hamilton, which they plan to turn into cooperative working space. The Government’s procurement website said, “The Government of Bermuda is considering the most cost effective... Read more of this article

Shipping Schedule: Week Starting September 15

Shipping Schedule: Week Starting September 15

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday September 15th.On Saturday the MSC Lucy container ship, the Seven Seas Navigator and the Carnival Horizon cruise ships are expected, and on Monday the Oleander container ship and the Anthem of the Seas cruise ship will arrive. On... Read more of this article