Category: Business
Chefs To Serve Up “Taste Of Bermuda” At RIMS
Industry executives will get a “Taste of Bermuda” next month when the island hosts its annual networking reception at the Risk and Insurance Management Society [RIMS] annual conference and exhibition. Eight local chefs have created recipes for authentic island hors d’oeuvres to be served at the popular Bermuda Reception at RIMS, hosted by the... Read more of this article
Elbow Beach Offers Kite-Themed Easter Deal
Travelers being told to “go fly a kite” this Easter need not be insulted, as guests of the Elbow Beach Bermuda Resort can take part in kite-making and flying when they book the hotel’s Easter Getaway Package. The limited-time promotion celebrates the island’s Easter traditions, such as Bermudian Kite flying, while offering guests other... Read more of this article
Bermuda Stock Exchange Report: March 23 2016
Today [March 23] saw 35,054 shares trade on the Bermuda Stock Exchange, valued at $93,160.82 BD. 20,000 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $1.65 per share. Another 15,000 shares were traded by Argus Group Holdings Ltd, closing up 0.3% at $4.00 per share, while the other 54 shares were traded by Ascendant Group Limited,... Read more of this article
OBMI Selected: Landscape Architect For Airport
Aecon Group announced the engagement of the Bermuda office of OBMI as landscape architects for the proposed redevelopment of the L.F. Wade International Airport. “The appointment of OBMI follows a competitive selection process that included Request for Qualifications [RFQ], Request for Proposals [RFP], presentation and interview stages with several... Read more of this article
Ramping Up Activity In Shipping, Aviation Sector
The Bermuda Business Development Agency [BDA] said they are “ramping up activity in the island’s shipping and aviation sectors, both of which contribute significantly to Bermuda’s economy and have strong potential for growth.” “Over the past several months, the BDA has travelled to key international events and established industry... Read more of this article
Butterfield Named “Best Bank” By Global Finance
The Bank of N.T. Butterfield & Son Limited has been named Global Finance’s best bank in Bermuda in its 23rd annual selection of the world’s best banks in developed markets, the second year Butterfield has received this award. Global Finance is a US-based periodical providing analysis and articles on financial markets and financial institutions,... Read more of this article
Photos: Startup Weekend Forms 5 Businesses
During Bermuda’s third Startup Weekend, five businesses were formed in the span of 54 hours, including first place Shiply, second place S.W.I.M., and third place Flying Art, along with People’s Choice Gamercade. Startup Weekends are intensive sessions that have existing and potential entrepreneurs working together in teams to create a minimum... Read more of this article
Column: Discussing Retirement Planning
[Written by Carla Seely] My vision of life is a three-compartment vision; first is your childhood years, second your working years and third is your retirement years. The first compartment, your childhood years, was carefully planned by your parents, grandparents, teachers and other role models. Your second compartment, your working years, was carefully... Read more of this article
Bermuda Stock Exchange Report: March 22 2016
Today [March 22] saw 48,338 shares trade on the Bermuda Stock Exchange, valued at $180,400.70 BD. 10,178 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.2% at $1.65 per share, while 860 shares were traded by BF&M Ltd, closing up 1.8% at $17.00 per share. Another 36,500 shares were traded by Argus Group Holdings Ltd, closing at... Read more of this article
Clarien Bank To Increase Base Lending Rates
Effective June 21, 2016 Clarien Bank Limited will be increasing its BMD$ personal base lending rate by 25 basis points [0.25%] from 3.50% to 3.75% and its BMD$ commercial base lending rate by 50 basis points [0.50%] from 3.50% to 4.00%. “These increases are as a result of changes to the US Federal Reserve Rates in late 2015 and ongoing changes... Read more of this article
“Crown And Anchor” Shop Opens In Dockyard
The owners of a new business believe Royal Naval Dockyard is the perfect launch-pad for their flagship store. B.R.S. Limited, has opened the first Crown and Anchor shop – a high-quality clothing store – next to Bone Fish restaurant, in a former ship captain’s home. “We really enjoy the Dockyard community, and the historic nautical setting.... Read more of this article
Consumer Price Index: Inflation Dropped 0.1%
Consumers paid 1.7% more in January 2016 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 0.1 percentage point from the 1.8% measured in December 2015. The report said, “Between December 2015 and January 2016, the average cost of goods and services in the CPI fell... Read more of this article
