Category: Business
Colonial Opens New Office In Grand Bahama
Colonial Group International Ltd. [CGI] has broken ground on a new office building in Freeport, Grand Bahama. The 12,000-foot complex on The Mall, Freeport’s main commercial artery, represents an investment of approximately $4 million by the Bermuda-based company. CGI chairman Dr. Grant Gibbons said during the ground-breaking ceremony that the project... Read more of this article
EU Announce Bermuda Added To ‘Tax Blacklist’
[Updating] Summary: EU announced that Bermuda has been added to the list of ‘non-cooperative jurisdictions for tax purposes’ EU also added Aruba, Barbados, Belize, Dominica, Fiji, Marshall Islands, Oman, United Arab Emirates, Vanuatu, and there are now 15 jurisdictions on the list EU stated, “Bermuda facilitates offshore structures and arrangements... Read more of this article
Bluck’s Store Final Inventory Sale Starts Today
[Updated] The Bluck’s store — which is closing after 175 years in business — will be hosting a “Final Inventory Sale” starting today [March 12] at 2.00pm. The event poster says, “Join us at Bluck’s on Front Street for the inventory clearance sale taking place this week. This is your final opportunity to purchase fine china, crystal... Read more of this article
Ascendant’s Share Repurchases For March 8th
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, the company repurchased 11,700 common shares at an average price of $20.00 on 8 March 2019. The Company advised the repurchased shares will be cancelled. Related Stories Ascendant Celebrates Women’s Day Ascendant’s... Read more of this article
Bermuda Stock Exchange Report: March 11 2019
March 11 saw 2,807 shares trade on the Bermuda Stock Exchange, valued at $25,262.90 BD. 2,304 shares were traded by One Communications Ltd, closing even at $3.00 per share, while another 503 shares were traded by Bank of N.T. Butterfield Ltd, closing down 7.0% at $36.50 per share. The BSX finished at 2,237.15, down 5.24% on the day. There were 0 advances,... Read more of this article
Report: EU To Add Bermuda To ‘Tax Blacklist’
[Updated] The European Union is reportedly set to add Bermuda to their blacklist on Tuesday, according to a report today [March 11] from Reuters, while Bloomberg is reporting that “the United Arab Emirates, Bermuda, and several other jurisdictions are holding last-minute negotiations with the European Union to avoid being added to the bloc’s... Read more of this article
Corporate Team Challenge For World Triathlon
Bermuda’s corporate community has been issued a sporting challenge by the title sponsor of the upcoming MS Amlin World Triathlon Bermuda, to race on Saturday 27th April, 2019. MS Amlin, a leading global [re]insurer with offices in Bermuda, will be represented by a number of teams and individuals racing in Bermuda’s World Triathlon Series Age Group... Read more of this article
“Fuelling 4 A Cause” Donates $31,000 To Charity
Following the 2018 edition of their “Fuelling 4 a Cause” promotion, RUBiS Energy Bermuda donated over $31,000 to twelve local charities. In the 3rd year of the promotion, during a 4-week period during November and December of 2018, RUBiS donated 5¢/gallon of fuel sold to twelve selected charities, and each charity was on hand to accept their... Read more of this article
Audio: Premier David Burt On FinTech MOUs
Premier David Burt provided an update on the conversations and developments with four fintech firms the Government signed MOUs with last year; Binance, Omega One, Shyft Network and Medici Ventures. The Premier was speaking during the Premier’s Question Period in the House of Assembly on Friday [March 8], with Premier Burt answering questions from... Read more of this article
Bermuda Food Tours Celebrates 1st Anniversary
Bermuda Food Tours is celebrating their one year anniversary after hosting over 600 guests on culinary journeys since launching in March of 2018. “These 3-3.5 hour walking food tours include tastings at 7 delicious and unique eateries throughout Hamilton. Reviews on TripAdvisor and Facebook, from locals and visitors alike, rave about the variety... Read more of this article
Skyport President On Flights, Seat Capacity
[Written by Don Burgess] Even though American Airlines has cut one of its New York flights to Bermuda, air visitor arrivals were up in 2018. This from Skyport president Aaron Adderley. He pointed out that the reduction from AA was likely a response to JetBlue who had increased seats from both Boston and New York. However, he declined to discuss whether... Read more of this article
Ascendant Share Repurchases Feb, March 4, 6, 7
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, during the month of February 2019 the company repurchased 20 common shares at an average price of $17. The Company advised that the repurchased shares have been cancelled. In addition, Ascendant Group Limited also advised... Read more of this article
