Category: Business
Shipping Schedule: Week Starting May 19
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday May 19th. On Saturday the Anthem of the Seas cruise ship is expected, on Sunday the Norwegian Dawn cruise ship and the Oleander container ship will arrive, and on Monday the Veendam and the Grandeur of the Seas cruise ships... Read more of this article
Bermuda Stock Exchange Report: May 18 2018
May 18 saw 170 shares trade on the Bermuda Stock Exchange, valued at $2,709.00 BD. 60 shares were traded by Argus Group Holdings Ltd, closing even at $3.85 per share, while another 50 shares were traded by Bermuda Press [Holdings] Ltd, closing even at $6.15 per share. 40 shares were traded by Bank of N.T. Butterfield Ltd, closing at an even $47.75 per... Read more of this article
Minister: Island Can Be Home & Future Of Fintech
“Based upon the feedback, and outcomes from Consensus 2018, we can confidently stake our claim as the jurisdictional home and future of fintech,” Minister of National Security Wayne Caines said in the House of Assembly today [May 18] Minister Caines was providing an overview on the Bermuda delegation’s recent experience at the Consensus... Read more of this article
Minister: Hotels Hire New Staff After Programme
Over 15 people have been hired by local hotels after completing a training program for Room Attendants, the Minister of Education and Workforce Development Diallo Rabain said in the House of Assembly today [May 18], with additional people currently “in the recruitment phase.” The Minister was providing an update on the Hospitality training... Read more of this article
Dunkley Expresses Concern About Sugar Tax
The proposed sugar tax “will put countless businesses in jeopardy of being a viable entity and cost Bermudians jobs,” Shadow Minister of National Security Michael Dunkley said, adding that “this is not scaremongering- just a fact.” Mr Dunkley said, “I strongly encourage everyone to read this bill on the proposed sugar tax which... Read more of this article
Everest Re Group Declares $1.30 Dividend
Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.30 per share payable on or before June 13, 2018 to all shareholders of record as of May 30, 2018. Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance... Read more of this article
Bermuda Stock Exchange Report: May 17 2018
May 17 saw 1,000 shares trade on the Bermuda Stock Exchange, valued at $47,750.00 BD. 1,000 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $47.75 per share. The BSX finished at 2,677.82, even on the day. There were 0 advances, 0 declines, and 61 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
KPMG Caribbean Hospitality Financing Survey
KPMG has released its 14th annual Caribbean Hospitality Financing Survey, highlighting financing trends in the region’s hospitality and tourism industry and the outlook for the future of the industry. A spokesperson said, “The survey has been designed to provide banks, non-banks and financiers with a better understanding of the profile and recovery... Read more of this article
Focus On Women’s Professional Development
A year-long series of events aimed at promoting the professional development of women in the insurance and reinsurance sectors will kick off later this month – fulfilling a pledge made by a new CEO who wants to see greater diversity in the industry. When he was appointed to his role as Chief Executive Officer of the Bermuda Insurance Industry [BII]... Read more of this article
Carey Olsen Bermuda Appoints Cheri Minors
Law firm Carey Olsen Bermuda has appointed Cheri Minors as a senior associate in its trusts and private wealth practice, reporting into partner Keith Robinson. Ms Minors, who joins the firm after working as in-house legal counsel and group compliance manager for an international insurance company, has more than seven years’ experience across of... Read more of this article
Over 30 Vendors Enter ‘Vend 2 Win’ Market
Over 30 local vendors have signed up to showcase their wares at the Bermuda Economic Development Corporation [BEDC]’s first Vend 2 Win Competition and Market, happening at BAA this Saturday, May 19th from 2pm until 6pm. Organiser Ondreyah Rochester, BEDC’s Junior Micro, Small, and Medium Enterprise [MSME] Officer, said she was “overwhelmed”... Read more of this article
Hotel Hires 7 Employees Following Programme
Hamilton Princess & Beach Club, the Bermuda Hospitality Institute and the Government of Bermuda today announce the successful conclusion of a Guest Room Attendant Programme held at the hotel, with seven of the participants hired by the resort as a result of the programme. The two-week programme is a public-private collaboration between the Bermuda... Read more of this article
