Category: Business
Photos: Burrows Lightbourn Host ‘Blade’ Launch
Burrows Lightbourn recently held a special Launch Party for Heineken’s new innovation in Draught Beer “The Blade” which is described as a “self-contained, low cost and easy to use draught machine that offers businesses access to premium, professional quality draught beer.” “Blade is a pioneering new appliance that stores,... Read more of this article
Bacardi Wins Bermuda Corporate Blood Drive
Bermuda Hospitals Board and the Ministry of Health today [June 14] revealed Bacardi Limited as the winner of Bermuda’s Corporate Blood Drive Competition 2018, as part of the celebration of World Blood Donor Day. This is the second time in successive years Bacardi has won the competition. In second place was Butterfield & Vallis and in third,... Read more of this article
Butterfield Increases Term Deposit Rates
The Bank of Butterfield announced that it will not increase interest rates on residential mortgages or Bermuda dollar consumer loans in response to the 25 basis point increase in the US Federal Funds Rate, and will increase interest rates on fixed-term deposits. Deposit Rates The Bank said, “To provide customers with the opportunity to earn higher... Read more of this article
Bermuda Captive Conference Hailed As Success
Delegates, sponsors and organisers have hailed this week’s Bermuda Captive Conference as an impressive showcase of diversity and innovation that attracted more captive owners and risk managers than ever before in the industry event’s 14-year history. The three-day conference registered over 800 attendees from the United States, Canada, Latin America,... Read more of this article
Beauty Products Are ‘Handmade With Love’
Handmade natural hair, skin, and beauty products created by Kayuntae Ming of His N’ Hers Hair & Beauty will be showcased in New York, after Ms Ming was one of the vendors selected during the recent BEDC contest. Six local entrepreneurs have been given a once-in-a-lifetime opportunity to go to New York City and take part in an exclusive vendor... Read more of this article
Bermuda Stock Exchange Report: June 13 2018
June 13 saw 22,344 shares trade on the Bermuda Stock Exchange, valued at $296,674.00 BD. 10,000 shares were traded by Argus Group Holdings Ltd., closing down 2.3% at $3.90 per share, while another 10,000 shares were traded by Ascendant Group Limited, closing up 0.3% at $15.85 per share. 1,944 shares were traded by Bank of N.T. Butterfield Ltd, closing... Read more of this article
Clarien Bank Increase Base Lending Rates
Effective June 14, 2018, Clarien will be adjusting its BMD$ base lending rate by 25 basis points [0.25%] following the US Federal Reserve rate increase. “The Bermuda Dollar Base rate for personal mortgages will increase from 4.25% to 4.50% and 4.50% to 4.75% for commercial mortgages,” a statement from the Bank said. “Increases in rates... Read more of this article
EY Announces Blockchain Audit Technology
EY has announced the pilot of the EY Blockchain Analyzer, a suite of blockchain audit technologies that enhances the ability to perform an in-depth review of cryptocurrency business transactions. A spokesperson said, “The proprietary technology is designed to support EY audit teams as they perform audits for companies using cryptocurrencies and... Read more of this article
Bermuda Candles To Be Showcased In New York
Pink Sand, White Lily, Tank Rain, Dark Rum & Cedar Stack are some of the Bermuda themed candles being offered by Nina Froncioni of Limestone & Cedar Co, who was one of the vendors selected during the recent BEDC contest to showcase their products in New York. Six local entrepreneurs have been given a once-in-a-lifetime opportunity to go to New... Read more of this article
Ministry: Interim Leased TV Channel Policy
The Ministry of Regulatory Affairs has issued the Leased Channel Policy consultation document, which states it will “permit independent producers of local content who lease cable channels from Cable Television Service Providers to insert local advertising.” A Government spokesperson said, “The public is advised that The Ministry of... Read more of this article
Bermuda Stock Exchange Report: June 12 2018
June 12 saw 167,271 shares trade on the Bermuda Stock Exchange, valued at $2,830,923.80 BD. 161,260 shares were traded by Ascendant Group Limited, closing even at $15.80 per share, while another 6,011 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.1% at $47.00 per share. The BSX finished at 2,708.48, down 1.63% on the day. There... Read more of this article
Deputy Premier Opens BDA Captive Conference
Deputy Premier and Minister of Transport and Regulatory Affairs Walter Roban opened the Bermuda Captive Conference today [June 12] at the Fairmont Southampton Resort. A spokesperson said, “He participated in an honours ceremony that recognized eleven corporations who have held a captive insurance company in Bermuda for more than a quarter of a... Read more of this article
