Category: Business
Bermuda Stock Exchange Report: March 7 2019
March 7 saw 6,500 shares trade on the Bermuda Stock Exchange, valued at $104,500.00 BD. 5,000 shares were traded by Ascendant Group Limited, closing even at $20.00 per share, while another 1,500 shares were traded by One Communications Ltd, closing even at $3.00 per share. The BSX finished at 2,360.83, even on the day. There were 0 advances, 0 declines,... Read more of this article
Ombudsman Elected Regional President Of IOI
The Ombudsman for Bermuda Ms. Victoria Pearman has been elected to represent the Caribbean and Latin America as Caribbean Director of the International Ombudsman Institute [IOI]. She will serve as President for the Caribbean and Latin American region. In this role she will participate in meetings of the IOI Executive Committee and work closely with... Read more of this article
Bloomberg & Duperreault To Speak At NY Forum
Entrepreneur and philanthropist Michael Bloomberg will join Brian Duperreault, President and Chief Executive Officer of AIG, Inc, at an industry forum in New York later this month “highlighting Bermuda’s historic and mutually beneficial relationship with the United States,” the BDA said. The former three-term mayor of New York City and... Read more of this article
BMA Expanding Community Outeach In 2019
In honour of its five decades of service to Bermuda this year, the Bermuda Monetary Authority [BMA] is expanding its community outreach throughout 2019. The BMA is partnering with a number of the island’s charities whose missions address five categories that include: children and families; arts and culture; the environment; education; and seniors. Five... Read more of this article
Over 60 People Attend BEDC Business Seminar
Over sixty people — including potential and existing business owners — attended Bermuda Economic Development Corporation’s evening seminar focused on helping new start-up businesses understand what is required to start up in Bermuda. Craig Tyrrell, BEDC’s Board Member, welcomed attendees by encouraging them to take advantage of the information... Read more of this article
Kinezumi Watersports Selling Seabreacher
[Written by Don Burgess] A Bermudian businessman isn’t allowing a logistical hassle to discourage his appetite for tourism. Antwan Albuoy and Shena Virgil of Kinezumi Watersports have had to sell one of its Seabreachers to meet financial obligations. Mr Albuoy told the Bernews, “This experience hasn’t soured my taste or my zest for... Read more of this article
Princess Appoint DeSilva As Director Of Security
Hamilton Princess & Beach Club has appointed Michael DeSilva to the role of Director of Security and Emergency Management. Mr DeSilva, formerly the Commissioner of the Bermuda Police Service [BPS], will be responsible for overseeing the security, safety and wellbeing of the Hamilton Princess & Beach Club, its employees and its guests. “As... Read more of this article
Retail Sales Decrease 2.3% In November 2018
After adjusting for the retail sales rate of inflation – measured at 1.3% in November – the overall volume of retail sales declined 2.3%, according to the recently released Retail Sales Index. “Six of the seven retail sectors recorded declines in sales volume with motor vehicle retailers recording the largest volume decrease of 22.8%.... Read more of this article
Deloitte Outlines Inclusive “ALL IN” Strategy
Deloitte has reinforced its commitment to “maintaining an organization where everyone has equal opportunity to grow, develop, and succeed; to essentially be their truest selves, both professionally and personally” with its ‘ALL IN’ strategy. A spokesperson said, “The ‘ALL IN: Accelerating gender and inclusion’... Read more of this article
100WF Celebrates International Women’s Day
On Tuesday [March 5], Bermuda’s 100 Women in Finance [100WF] celebrated the lead-up to International Women’s Day with a fireside chat between finance industry veterans. A spokesperson said, “Robin Masters, CFA, Non-executive Director and Maria Marsh, Principal and Director of Human Capital at Nephila, shared career experiences and insight... Read more of this article
Aunt Nea’s Inn For Sale, Open House To Be Held
This Saturday [March 9] there will be an open house at the historic Aunt Nea’s Inn in St George’s, with the guest house having been listed for sale at a price of $2,995,000. In describing the property, the sales agent said, “Built in 1791, historic Aunt Nea’s Inn represents a unique opportunity to invest in Bermuda’s growing tourism... Read more of this article
Apex Group Acquires Atlantic Fund Services
Apex Group Ltd. announced the acquisition of Atlantic Fund Services, a US-based fund administrator serving the traditional and alternative mutual fund market. Apex is a portfolio company of Genstar Capital. “The acquisition adds a further $12 billion in assets under administration to the Group’s portfolio and is a strong strategic fit for Apex’s... Read more of this article
