Tag: #BermudaBusiness

House & Senate Pass Partnership Law Changes

House & Senate Pass Partnership Law Changes

The Minister of Economic Development, Dr. Grant Gibbons, announced today [May 30] that legislation making key amendments to the laws governing partnerships has been successfully passed by both the House of Assembly and Senate. The Ministry of Economic Development sponsored 4 Bills that will make changes to the Partnerships Act 1902; Exempted Partnerships... Read more of this article

Bermuda Stock Exchange Report: May 29 2015

Bermuda Stock Exchange Report: May 29 2015

Today [May 29] saw the close of the BSX’s week finish with 13,600 shares traded on the day, valued at $107,530.00 BD. 10,600 shares were traded by Ascendant Group Limited, closing down 7.4% at $5.00 per share, while the other 3,000 shares were traded by BF&M Ltd, closing at an even $18.00 per share. The BSX finished the week at 1,302.45,... Read more of this article

ABIR Holds Insurance Seminar for BFIS Interns

ABIR Holds Insurance Seminar for BFIS Interns

The Association of Bermuda Insurers and Reinsurers’ [ABIR] Senior Vice President and Deputy Director Leila Madeiros held a 2-hour seminar on the history of [re]insurance in Bermuda and contemporary innovations in the marketplace for interns with the Bermuda Foundation for Insurance Studies [BFIS]. The seminar helps kick off the annual BFIS ‘Intro-to-Insurance’... Read more of this article

Bermuda Stock Exchange Report: May 28 2015

Bermuda Stock Exchange Report: May 28 2015

Today [May 28] saw a volume of 7,802 shares trade on the Bermuda Stock Exchange, valued at $46,620.90 BD. 3,100 shares were traded by Bank of N.T. Butterfield Ltd, closing up 13.3 percent at $1.87 per share, while another 702 shares were traded by Bermuda Press [Holdings] Ltd, closing at an even $7.00. 2,500 shares were traded by Argus Group Holdings... Read more of this article

Old Town Charm On Display This Weekend

Old Town Charm On Display This Weekend

Months of collaborative planning between the Bermuda Tourism Authority [BTA], the Bermuda Economic Development Corporation, the Town of St. George and St. David’s Island businesses has resulted in an array of new or enhanced experiences designed to elevate the cultural area’s lure for visitors and residents alike. This weekend, 400 year-old St.... Read more of this article

Four Students Begin TLF Internship Programme

Four Students Begin TLF Internship Programme

Four university students who are aspiring to build careers in the information communication technology [ICT] field began an intensive three-month internship with various companies in the industry as the seventh annual Technology Leadership Forum [TLF] internship programme kicked off today [May 28] with a brief ceremony at the Argus Building. Charnea... Read more of this article

Air Care’s Kevin Roberts To Retire On May 29

Air Care’s Kevin Roberts To Retire On May 29

Kevin Roberts, one of the founders of Air Care Limited, is to retire as Operations Manager, effective Friday, May 29, to be succeeded by William Rowse, a former owner of Arctic Air Conditioning, which merged with Air Care in 2009, and who has been the company’s Projects Manager. A spokesperson said, “Mr. Roberts was amongst a small group of... Read more of this article

Consumer Price Index: Inflation Decreased 0.4%

Consumer Price Index: Inflation Decreased 0.4%

Consumers paid 1.2% more in March 2015 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The level of inflation dropped 0.4 percentage points from the 1.6% measured in February 2015. The CPI report from the Department of Statistics said, “Between February 2015 and March 2015, the average... Read more of this article

Retail Sales Increase By In 2.1% In March 2015

Retail Sales Increase By In 2.1% In March 2015

The total retail sales index was 2.1% higher than the level reached in March 2014. Motor vehicle stores recorded the largest growth in sales, increasing 26.4%. In contrast, retail sales of fuel at service stations registered the largest decrease of 7.1%. Returning residents declared overseas purchases valued at $3.7 million, 5.7% more than the level... Read more of this article

Bermuda Stock Exchange Report: May 27 2015

Bermuda Stock Exchange Report: May 27 2015

Today [May 27] saw a volume of 6,100 shares trade on the Bermuda Stock Exchange, valued at $19,481.00 BD. 36,000 shares were traded by Bermuda Aviation Services Ltd, closing down 0.3% at $3.15 per share, while the other 100 shares were traded by Ascendant Group Limited, closing up 5.9% at $5.40 per share. The BSX closed at 1,196.07, up 0.24% on the... Read more of this article

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