Category: Business
Finance Minister: Covid-19 Economic Plan
[Ministerial statement by Minister of Finance Curtis Dickinson] Mr. Speaker, I rise this morning to provide this Honourable House with an update on the Ministry of Finance COVID-19 Fiscal Plan and the formation of Government’s new COVID-19 Economic Advisory Committee. Mr. Speaker, in my Ministerial Statement of 8th May, 2020, I advised this Honorable... Read more of this article
BELCO Provide Update On Operations
Now that Bermuda has entered Phase 2 of reopening in the midst of the Covid-19 pandemic, BELCO provided an update on their operations. A spokesperson said, “Bermuda Electric Light Company Limited [BELCO] today provided an update on operations and information for customers now that Bermuda has entered Phase 2 of the Covid-19 restrictions. “BELCO’s... Read more of this article
Print Shop Adjusts, Produces Face Masks
Bermuda Blueprinting, a local print shop company, has re-tooled its equipment to make face masks and sneeze guards in response to Covid-19. A spokesperson said, “Living through Covid-19 is a unique experience in itself, but when considering Bermuda is an isolated island in the Atlantic, this adds more layers to consider – both positive and... Read more of this article
Bermuda Stock Exchange Report: May 21 2020
May 21 saw 2,550 shares trade on the Bermuda Stock Exchange, valued at $75,050.00 BD. 500 shares were traded by Bank of N.T. Butterfield Ltd, closing up 15.0% at $23.00 per share, while another 2,050 shares were traded by Ascendant Group Limited, closing even at $31.00 per share. The BSX finished at 1,728.97, up 8.46% on the day. There was 1 advance,... Read more of this article
‘Brave Vision. Decisive Action. Bold Innovation’
“In a post-COVID society, the global consumer landscape will be revolutionised,” Bermuda Tourism Authority [BTA] Interim CEO Glenn Jones said, adding that “the right moves over the next few months can offer transformative long-term growth for all parts of our economy, but especially for tourism.” An email sent out by BTA Interim... Read more of this article
Crown & Anchor To Open For Al Fresco Dining
Starting from this Saturday [May 23], the public will be able to dine outdoors at Hamilton Princess & Beach Club’s Crown & Anchor restaurant. A spokesperson said, “Diners will once again be able to dine at Hamilton Princess & Beach Club’s Crown & Anchor restaurant from dinner on Saturday, May 23rd. “Diners will be able to enjoy... Read more of this article
Chamber & KPMG To Host Webinar On May 27
The Bermuda Chamber of Commerce and KPMG will be hosting a keynote webinar on Wednesday, May 27. A spokesperson said, “The Bermuda Chamber of Commerce and KPMG in Bermuda are pleased to announce a keynote webinar on Wednesday, May 27th. “Open to both members and non-members, the webinar will provide informative and insightful information,... Read more of this article
“Great Bermuda Takeout Day” On May 28
The Bermuda Tourism Authority [BTA] is promoting the second “Great Bermuda Takeout Day” on May 28. A spokesperson said, “Bermuda Tourism Authority [BTA] is encouraging public and corporate support for a second serving of the “Great Bermuda Takeout Day” next week. The food-and-beverage campaign is back on the table just as restaurants and... Read more of this article
Somers Limited Share Repurchase Programme
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced their share repurchase programme. The filing stated: “Somers Limited, a financial services investment holding company, announces that its Board of Directors has authorised the repurchase of up to 100,000 shares through a further share repurchase programme. The existing year’s... Read more of this article
Royal Caribbean Extends Cruise Suspension
Royal Caribbean, which lost $1.4 billion in the first quarter of 2020, has extended its cruise suspension amid the ongoing Covid-19 pandemic. A spokesperson said, “Given ongoing global public health circumstances, Royal Caribbean Cruises Ltd. has decided to extend the suspension of most sailings through July 31, 2020, with the exception of sailings... Read more of this article
Bermuda Stock Exchange Report: May 20 2020
May 20 saw 300 shares trade on the Bermuda Stock Exchange, valued at $7,950.00 BD. 300 shares were traded by Watlington Waterworks Ltd, closing down 5.4% at $26.50 per share. The BSX finished at 1,594.04, down 0.09% on the day. There were 0 advances, 1 decline, and 59 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Daren Bascome Receives Leadership Award
Bermudian Daren Bascome — CEO of Proverb, a multidisciplinary branding agency in Boston — has received the Greater Boston Chamber of Commerce Award for Leadership. A spokesperson said, “The Greater Boston Chamber of Commerce will recognize six small businesses for their contributions to the region, their customers, employees, and communities. “Each... Read more of this article
