Hashtag: #BermudaBusiness
BEDC Holds Youth Finals Of Pitch Competition
On August 17th, the Bermuda Economic Development Corporation [BEDC], in partnership with the Global Atlantic Re foundation held the Youth Finals of the Wave of Opportunity Pitch Competition. Chairman Jache Adams, Antoine Jones, Aaron Lugo Jr., Minister Jason Hayward, Sabriuna Wilkinson, Erica Smith [Executive Director], Ondreyah Rochester [MSME Officer],... Read more of this article
1609 Restaurant Closed Due To Hurricane
1609 at Hamilton Princess & Beach Club will be closed today [Aug 29] and Wednesday [Aug 30]. A spokesperson said, “In preparation for Hurricane Franklin’s approach to Bermuda, the Hamilton Princess & Beach Club has the following advisory for its dining outlet: 16O9 Restaurant closed today and Wednesday, August 30th.” Related... Read more of this article
Credora Obtains Digital Asset Business License
Credora, the lending and credit intelligence infrastructure provider, announced that it has received a Bermuda Class M Digital Asset Business License. A spokesperson said, “Bermuda is a leader in the digital asset space and has a clear regulatory framework for varying types of digital asset businesses. The Class M License provides the optimal... Read more of this article
Bermuda Stock Exchange Report: Aug 28 2023
August 28 saw 344,646 shares trade on the Bermuda Stock Exchange, valued at $171,471.00 BD. 25,200 shares were traded by Argus Group Holdings Ltd, closing even at $6.00 per share, while the other 2,800 shares were traded by Polaris Holding Co. Ltd, closing even at $7.25 per share. The BSX finished at 2,217.47,even on the day. There were 0 advances,... Read more of this article
Auto Solutions Celebrate Summer Interns
The Auto Solutions summer internship programme has provided valuable work experience to two promising young talents – Amari Stewart and Jahkeel Smith. Glen Smith, Managing Director of Auto Solutions said, “We are dedicated to developing young Bermudian talent in the automotive industry and providing hands-on learning opportunities that encourage... Read more of this article
Eight Bermudians Complete FinTech Programme
Eight Bermudians who participated in the Government’s 6-week global FinTech Education Programme received their certificates of Achievement at a reception held in their honour on August 24th, hosted by the Economic Development Department [EDD]. A spokesperson said, “This ceremony marked the successful culmination of their intensive journey... Read more of this article
Shipping Schedule: Week Starting Aug 26
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, August 26th. On Sunday the Oleander container ship is expected, on Tuesday the Carnival Magic cruise ship and the Somers Isles container ship will arrive, and on Wednesday the Carnival Legend cruise ship is scheduled... Read more of this article
Bermuda Stock Exchange Report: Aug 25 2023
August 25 saw 2,750 shares trade on the Bermuda Stock Exchange, valued at $ 16,500.00 BD. 2,750 shares were traded by Argus Group Holdings Ltd, closing down 1.6% at $6.00 per share. The BSX finished at 2,217.47, down 0.11% on the day. There were 0 advances, 1 decline, and 62 remained unchanged. The full report for the day is available here [PDF],... Read more of this article
Photos & Video: Destination Dockyard Event
The ‘Big Bang Finale’ at Destination Dockyard was held yesterday evening [Aug 24], featuring over 30 local vendors, live entertainment, the Gombeys, a fireworks display and more. Marketing & Events Manager, Rebecca Martin previously said, “Destination Dockyard offers the unique opportunity for locals and visitors to come together and enjoy... Read more of this article
Bermuda Stock Exchange Report: Aug 24 2023
August 24 saw 1,400 shares trade on the Bermuda Stock Exchange, valued at $6,650.00 BD. 1,400 shares were traded by Devonshire Industries Ltd, closing down 5.0% at $4.75 per share. The BSX finished at 2,219.85 down 0.01% on the day. There were 0 advances, 1 decline, and 62 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
BMA Levies Civil Penalties On Acadia Life
The Bermuda Monetary Authority confirmed they have “levied civil penalties totalling $900,000 on Acadia Life Limited [Company], an entity registered by the Authority under the Insurance Act 1978 [Insurance Act] as a Class C insurer to carry on long-term insurance business.” A spokesperson said, “The civil penalties have been levied... Read more of this article
BILTIR Attends NAIC Summer National Meeting
Bermuda International Long Term Insurers and Reinsurers [BILTIR] executives were in Seattle, Washington, for the 2023 National Association of Insurance Commissioners [NAIC] Summer National Meeting. A spokesperson said, “Executive Director Christine Patton and Executive Advisor The Hon. Curtis Dickinson attended the meeting and connected with U.S.... Read more of this article
