Archive for April, 2014
PLP: “Premier Is Bragging, Bermudians Suffer”
“The Premier today is bragging of the OBA’s ‘accomplishments’ in office. Yet while Premier Cannonier is bragging Bermudians are suffering,” a PLP spokesperson said. This follows after the Premier wrote an opinion column for the newspaper extolling the accomplishments of his administration over the past year. Responding... Read more of this article
BELCO Celebrates Annual Health, Safety Week
BELCO is celebrating its second annual Occupational Health, Safety and Environment Week from April 28 – May 2. The week, which demonstrates the Company’s commitment to promoting a healthy, safe and environmentally conscious work environment, coincides with the International Labor Organization’s [ILO] World Day for Safety and Health at Work. Wreaths... Read more of this article
Consumer Price Index: Inflation Increased 0.3%
Consumers paid 2.0 per cent more in March 2014 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. This level of inflation increased 0.3 percentage points from the 1.7 per cent measured in February 2014. Between February 2014 and March 2014, the average cost of goods and services in the Consumer... Read more of this article
Appleby To Provide Legal Advice In China
Appleby has become the first offshore law firm licensed to provide offshore legal advice in Mainland China where it has had a Shanghai base since 2012. To date, the leading offshore fiduciary and legal advisory firm has been delivering fiduciary services only from Shanghai. The formal announcement of a legal practice certificate opens up the opportunity... Read more of this article
PartnerRe Declares $0.67 Quarterly Dividend
Bermuda-based PartnerRe Ltd. declared a dividend of $0.67 per common share. The dividend will be payable on May 30, 2014, to common shareholders of record on May 19, 2014. PartnerRe Ltd. is a global reinsurer, providing multi-line reinsurance to insurance companies. For the year ended December 31, 2013, total revenues were $5.5 billion. At December... Read more of this article
BHB Connects General Wing To New Acute Care
The King Edward VII Memorial Hospital will expand to include the new Acute Care Wing this September, and construction is now complete on the structure that connects them. “This is an exciting milestone in the building’s construction,” said Bermuda Hospitals Board CEO Venetta Symonds. “Although not in use yet, we now have a clear path on each... Read more of this article
Butterfield Bank Reports First Quarter Profit
The Bank of N.T. Butterfield & Son Limited today announced net income for the first quarter of $23.2 million, compared to $13.3 million in 2013. Core earnings for the first quarter were $23.2 million, an improvement of $7.9 million or 51.6% over the first quarter 2013. The core cash return on average tangible common equity ratio improved to 12.9%... Read more of this article
Weather Forecast For Tuesday April 29
Tuesday, April 29 is expected to be partly cloudy, with the high to be near 19°C/66°F and the low to be near 18°C/64°F, according to the Weather Underground. Winds are expected to be from the NW at 30 to 50 km/h. The relative humidity is expected to be near 53%. Sunrise will be at 6.34am and sunset will be at 7.58pm. High tide will be at 9.20am... Read more of this article
Bermuda Stock Exchange Report: April 28 2014
Today [Apr 28] saw a volume of 7,000 shares trade on the Bermuda Stock Exchange, valued at $32,990.00 BD. 5,000 of those shares were traded by Bank of N.T. Butterfield, which closed at $2.00 per share, down 2.4% on the day. Another 1,000 shares were traded by BF&M Ltd, which closed at $17.99 per share, even on the day. The final 1,000 shares were... Read more of this article
BII Insurance Industry Award Winners Named
The Bermuda Insurance Institute [BII] announced the winners of the 2013 Insurance Industry Awards, with Robin Spencer-Arscott set to receive the Lifetime Achievement Award, Julia Henderson to receive the Young Industry Leader of the Year Award, while Catlin Insurance will receive the Corporate Social Responsibility Award. The Insurance Industry Awards... Read more of this article
Mikey Wollmann Wins Open Bic Championships
Mikey Wollmann put on a dazzling display of sailing when he recorded a 2nd and four first place finishes in the five races sailed on the final day of the 2014 Open Bic North American Championships to claim the title in the Hamilton Harbour this weekend. The day got underway with Royal Hamilton Amateur Dinghy Club sailors Ceci Wollmann, Mikey Wollmann... Read more of this article
PLP: 1066 Jobs Lost, New Direction Needed
“1066 jobs lost in 2013 show that new leadership, a new direction and new ideas are needed to create opportunities and jobs for Bermudians,” Shadow Home Affairs Minister Walter Roban said. A recently released report indicated that Bermuda’s employers reported a loss of 1,166 jobs last year, with 34,277 jobs counted in 2013, compared to... Read more of this article
