Category: Business
Lir Bermuda Launches New Retail Website
Lir Bermuda has announced that it has launched its new retail website, allowing customers to place orders for a number of brands of sailing and active wear. A spokesperson said, “Lir Bermuda launched in September 2016 specializes in supplying premium active wear and sailing brands for men, women and children, corporate clients and corporate events. “The... Read more of this article
BMA Hosts 4th Financial Policy Council Meeting
On 5th December, the Bermuda Monetary Authority hosted the fourth meeting of the Financial Policy Council [Council] at its offices in Hamilton, Bermuda. “The Council, established in 2015, advises the Ministry of Finance and the Authority on financial system stability in Bermuda. Its purpose is to assess possible threats to Bermuda’s financial... Read more of this article
No Change: HSBC Bermuda Base Lending Rate
Following the 25 basis point increase announced yesterday, HSBC Bermuda said they will “leave its base lending rates for customers unchanged” at this time. The company said, “HSBC Bermuda assesses a range of macroeconomic and other factors in determining the bank’s base lending rates. The US Federal Funds Rate is an important one... Read more of this article
Argus Group Donates Gifts For ‘Toys For Tots’
The Argus Group made a donation of $1,000 worth of toys to Toys for Tots, a campaign that provides holiday gifts to underprivileged children in Bermuda. The Toys for Tots campaign is organised by Coldwell Banker Bermuda Realty, in collaboration with The Coalition for the Protection of Children. Gifts are distributed to children at The Coalition for... Read more of this article
One Communications Teams Up To Help BBBS
People are being asked to help fill Christmas gift baskets to donate to a charity supporting Bermuda’s young people. One Communications has teamed up with Big Brothers Big Sisters to donate everything from non-perishable food items to clothing and toiletries in order to make Christmas merry for families around the Island. Frank Amaral, the CEO of... Read more of this article
Lindo’s Launches Seniors Discount Tuesday
Lindo’s Group of Companies today [Dec 15] announced the launch of Discount Tuesdays for seniors, with customers over the age of 65 being offered a 5% discount on cash sales on Tuesdays. “As part of their commitment to their customers, Lindo’s will now be offering customers over the age of 65 a five per cent discount on cash sales [three per... Read more of this article
Column: ‘Gatekeepers Of Blue-Chip Reputation’
[Opinion column written by Ross Webber] If this year is remembered beyond Pokemon Go, Klopp’s revival of the Reds, the passing of rock legends, the Queen’s 9oth, or Usain Bolt’s “triple, triple,” it may be for the populist politics that helped sway public perception worldwide. Commentators ascribe Brexit’s bombshell to this 2016 phenomenon,... Read more of this article
FAC & Butterfield Lower Charities Processing Fee
First Atlantic Commerce [FAC], a Bermuda-based, global payment gateway, and Butterfield, a full service community bank and provider of specialised international financial services, announced they will “provide local charities with best possible rates for online credit card processing.” “FAC will provide online gateway transaction... Read more of this article
Craig Davis Appointed BESCO General Manager
Bermuda Aviation Services Limited [BAS] announced the appointment of Craig Davis as the new General Manager of BESCO. Craig Davis joins BESCO from LinkBermuda [formerly the Cable & Wireless Bermuda Group]. He has extensive experience in operational management and served in senior executive and board roles at the company for over 10 years, leaving... Read more of this article
Bermuda Stock Exchange Report: Dec 14 2016
December 14 saw 5,300 shares trade on the Bermuda Stock Exchange, valued at $13,735.00 BD. 5,300 shares were traded by KeyTech. Ltd, closing down 32.2% at $2.00 per share. The BSX finished at 1,810.70, down 0.72% on the day. There were 0 advances, 1 decline, and 62 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
Bank Of Butterfield Adjusts Loan Rates
The Bank of Butterfield announced that “in step with today’s 25 basis point increase in the US Federal Funds Rate, the Bank has adjusted its Bermuda Dollar Base Rates on Bermuda Dollar loans.” “The Bermuda Dollar Base Rate for residential mortgages and consumer loans will increase from 3.75% to 4.00%, Butterfield’s first rate increase... Read more of this article
BDA Appoint Andrea Jackson, Stephen Weinstein
The Bermuda Business Development Agency [BDA] tannounced the appointment of two new Directors to its Board. Andrea Jackson, Senior Vice President and Trust Relationship Manager at Lombard Odier Trust [Bermuda] Limited, and Stephen Weinstein, Senior Vice President and Group General Counsel, RenaissanceRe Holdings Ltd., joined the BDA Board this month. Ms... Read more of this article
