Category: Business
RCA Bermuda Compliance Programme Launch
Premier Michael Dunkley and Minister of Economic Development Dr Grant Gibbons hosted various business leaders and community representatives at a reception at City Hall yesterday to announce the launch of the RCA Bermuda Compliance Certification Programme [RBCC]. This educational and training initiative was first announced in January 2015 as a partnership... Read more of this article
Interns Graduate To Full-Time Job At Fireminds
Two interns have graduated to full-time jobs at Bermuda IT company Fireminds and a third intern has recently been recruited. Fireminds Ltd. runs an graduate intern programme for recent university graduates with degrees in Computer Science or Software Development. They are put through an intense six-month programme which includes help desk, IT support,... Read more of this article
2016 Harbour Nights To Commence On May 4th
This year’s Harbour Nights is set to get underway on May 4th and run until August 31st, 2016, with Front Street set to host Bermuda’s longest running street festival. The announcement said, “The Bermuda Chamber of Commerce, the Bermuda Tourism Authority, The Corporation of Hamilton, and the Department of Community and Cultural Affairs, are... Read more of this article
WOW Granted Licence For Different Spectrum
World on Wireless’[WOW] has relinquished its use of the 700 MHz radio frequency band for transmitting video content over the air and has been granted a licence to use a different spectrum range to service its customers, the Regulatory Authority of Bermuda said. “This completes the first phase of the Regulatory Authority’s undertaking to optimize... Read more of this article
Report: “Favorite New Tax Haven Is The USA”
A Bloomberg article – “The World’s Favorite New Tax Haven Is the United States” — states that “moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business,” with two references to clients “moving assets from Bermuda.” The article said, “Last September, at a law... Read more of this article
Bacardi USA: “Best Large Spirits Supplier”
For the second year in a row, Bacardi U.S.A., Inc. was named “Best Large Spirits Supplier of the Year” at the 2016 VIBE Conference, the premier on-premise beverage alcohol conference in the country. The annual conference brings together the top chain operators, suppliers and associated vendors in the industry. Every year, VIBE commissions a survey,... Read more of this article
Cyber Risk: Bermuda Captive Insurance Solution
The rising threat of cyber risk to global corporations and ways to mitigate dangers such as data breaches via a Bermuda captive insurance company are the focus of an upcoming webinar hosted by the Bermuda Business Development Agency [BDA]. The hour-long free webcast, “Cyber risk: the Bermuda captive insurance solution” is slated for noon Bermuda/Atlantic... Read more of this article
Bermuda Stock Exchange Report: Jan 27 2016
Today [Jan 27] saw 42,900 shares trade on the Bermuda Stock Exchange, valued at $170,799.00 BD. 2,500 shares were traded by Argus Group Holdings Ltd, closing at an even $3.60 per share, while 12,400 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $1.78 per share. Another 3,000 shares were traded by BF&M Ltd, closing up 1.7%... Read more of this article
Butterfield Receives CityWealth IFC Award
Butterfield — comprising Bermuda-based Bank of N.T. Butterfield & Son Limited and its international subsidiaries — has received two International Financial Centre Awards from Citywealth, the UK-based publisher of wealth-management industry news and directories. Butterfield was named Trust Company of the Year – Caribbean and Private... Read more of this article
Consumer Affairs Update On Hoverboards
The Office of Consumer Affairs provided an update on the United States Consumer Product Safety Commission’s investigation into the safety risks of hoverboards, and also urged consumers who own hoverboards to “use them with great caution.” The statement is below: The Office of Consumer Affairs is today providing an update on the United... Read more of this article
Market Review Of Telecommunications Industry
The Bermuda Regulatory Authority will be undertaking another Market Review of the Telecommunications industry. “This will be the second market review of the industry undertaken by the Authority. The first was completed shortly after the Authority was launched in 2013 as a neutral and independent body, to help usher Bermuda into a new telecommunications... Read more of this article
Fitch Ratings: Consolidation Will Continue
Consolidation in the Bermuda insurance market will continue in 2016, albeit at a slightly slower pace than 2015, according to a new Fitch Ratings report titled ‘Bermuda 2016 Market Update’. “Fragile conditions in the global re/insurance market characterized by falling prices and weakening terms and conditions are pressuring earnings... Read more of this article
