Category: Business
Minister Furbert Thanks Transportation Sector
“On Saturday, July 15th, we experienced an influx of almost 10,000 cruise passengers,” Minister of Transport Wayne Furbert said, adding that he wants to ”acknowledge the commendable efforts and collaboration of all stakeholders who contributed to the seamless transportation experience for these visitors.” Speaking in the House... Read more of this article
ABIR Members Host More Than 100 Paid Interns
The Association of Bermuda Insurers and Reinsurers [ABIR] member companies are hosting 103 paid interns this summer, creating a record number of work experience opportunities for Bermudian students. A spokesperson said, “ABIR is also providing the interns with a series of networking, professional development and industry learning opportunities... Read more of this article
Photos & Video: Somers Isles Grand Opening
A welcome reception and grand opening of the Somers Isles Trading Company store at the LF Wade International Airport was held earlier this week. The airport retail outlet offers a range of goods, including alcohol, snacks and drinks, a variety of gifts and souvenirs, and more. Related Stories Video: Delta Airlines... Read more of this article
Horizon Communications Assets To Be Sold
The Joint Receivers of Horizon Communications Ltd will be selling some of the company’s assets, including electronic equipment, telecommunications equipment, hardware and cabling, data centre, office furniture and equipment. A spokesperson said, “Michael Morrison and Charles Thresh of Teneo [Bermuda] Limited were appointed as Joint Receivers... Read more of this article
Tax Relief For Some Tourism Investments
“The Tourism Investment Act 2017 is a catalyst for growth in the restaurant and attraction sectors by creating a favorable investment climate,” Minister of Tourism and the Cabinet Office Vance Campbell said, adding that it “incentivizes entrepreneurs to establish and expand their businesses; promotes collaboration between the public... Read more of this article
MJM Scholarships: Rogers-Ingemann & Jervis
MJM Limited announced that its 2023 legal education awardees are Jada Rogers-Ingemann and Jonathan Jervis. A spokesperson said, “MJM’s annual legal scholarship is granted to an outstanding Bermudian or Permanent Resident Certificate Holder [PRC] who aspires to enter the field of law and is committed to return to Bermuda to practice. The scholarship... Read more of this article
Shipping Schedule: Week Starting July 22
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, July 22nd. On Saturday the Vision of the Seas Cruise ship is expected, on Sunday the Cartagena oil products tanker, the Norwegian Pearl cruise ship and the Oleander container ship will arrive, on Monday the Liberty of the... Read more of this article
Bermuda Stock Exchange Report: July 21 2023
July 21 saw 2,000 shares trade on the Bermuda Stock Exchange, valued at $60,399.00 BD. 2,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.0% at $30.20 per share. The BSX finished at 2,243.77, up 1.46% on the day. There was 1 advance, 0 declines, and 63 remained unchanged. The full report for the day is available here [PDF], and... Read more of this article
Ignite Bermuda Launches 7th Cohort
Ignite welcomed 30 entrepreneurial leaders to its two-day Bootcamp on 12th July as part of its 7th Core Entrepreneurial Accelerator Programme. A spokesperson said, “The in-person event took place in a digital event space provided by Argus Group. Key skills were discussed including customer discovery, lean start-up and the importance of developing... Read more of this article
Allied World Welcome Five Student Interns
Allied World Bermuda launched their eight-week summer internship on June 20th with five talented Bermudian students – Athena Marsh, Lexus Brites, Alex Pilgrim, Naphisa Smith, and Grace Reeves – selected out of a competitive field of candidates. A spokesperson said, “The interns include Athena Marsh [Queens University], Lexus Brites... Read more of this article
Bermuda Stock Exchange Report: July 20 2023
July 20 saw 2,577 shares trade on the Bermuda Stock Exchange, valued at $58,932.00 BD. 1,845 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.3% at $29.60 per share, while another 732 shares were traded by Argus Group Holdings Ltd, closing even at $6.00 per share. The BSX finished at 2,211.59, down 0.96% on the day. There were 0... Read more of this article
Carey Olsen Leads In Chambers High Net Worth
Carey Olsen said they have “been confirmed as the leading offshore global trusts and private wealth practice in the 2023 edition of the Chambers High Net Worth [HNW] Guide – with three Band 1 rankings and more individuals ranked than any other offshore firm.” A spokesperson said, “Among the 14 lawyers ranked, Keith Robinson [Bermuda]... Read more of this article
