RA: ‘Smart Meters In Bermuda Considered Safe’
Bernews

The Regulatory Authority of Bermuda released the findings of its independent assessment of BELCO smart meters, saying that the “test results show that smart meters used in Bermuda are considered safe for general...

BDA Plan More Overseas Multi-Industry Forums
Bernews

The Bermuda Business Development Agency [BDA] is planning more overseas multi-industry executive forums to showcase the island’s world-class talent and myriad business opportunities. On the heels of its successful...

Shipping Schedule: Week Starting June 23
Bernews

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday June 23rd. On Saturday the Carnival Horizon and the Grandeur of the Seas cruise ships...

Consumer Price Index: Inflation Increased 0.2%
Bernews

Consumers paid 2.0% more in April 2018 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI] and the level of inflation increased 0.2 percentage points from the...

How to avoid getting sick from financial markets
Royal Gazette

Major stock indexes have given up much of their year-to-date gains after the past several days of selling. The year is half over, and the Standard amp Poors 500 Index is up a few percentage points, while the Dow Jones...

Bermuda Stock Exchange Report: June 22 2018
Bernews

June 22 saw 10,400 shares trade on the Bermuda Stock Exchange, valued at $ 494,000.00 BD. 10,400 shares were traded by Bank of N.T. Butterfield Ltd,...

Bermuda Stock Exchange Report: June 22 2018
Bernews

June 22 saw 10,400 shares trade on the Bermuda Stock Exchange, valued at $ 494,000.00 BD. 10,400 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $47.50 per share. The BSX finished at 2,723.21, even on...

Code of Practice To Be Implemented On July 2
Bernews

Government will implement the Code of Practice for Project Management and Procurement on July 2, 2018, Minister of Government Reform Lovitta Foggo said in the House of Assembly. The Minister said, “The Code sets out...

BDA lines up industry forums in US and UK
Royal Gazette

More overseas multi-industry executive forums to showcase the islands world-class talent and myriad business opportunities are being planned by the Bermuda Business Development Agency. Last month the BDA held a...

Bill To Create Insurance Regulatory Sandbox
Bernews

The Insurance Amendment Act 2018 will be tabled in the House today [June 22] Premier David Burt said, explaining that the aim is to create an “Insurance Regulatory Sandbox which will further position Bermuda to...

Bermuda to create an insurtech sandbox
Royal Gazette

Legislation to enable insurtech experimentation and innovation to be trialled in Bermuda is being tabled today by the Bermuda Government. Not everyone will be able to play in the sandbox environment as eligibility...

Nordic American rules out bond offering
Royal Gazette

Bermudian-headquartered Nordic American Tankers has decided it will not conduct a bond offering to raise additional capital. In an open letter to shareholders and investors, the company noted improving conditions in the...

EU substance concern seen as economic threat
Royal Gazette

Bermuda has to guard against being bullied into cutting its own throat amid European Union demands over companies based here that are deemed to lack economic substance. Bob Richards, the former finance minister, made the...

North Shore restaurant in line for TV boost
Royal Gazette

A homely Devonshire restaurant is set to be recognised by the Travel Channel for its tasty cassava pie. Flame, a family-owned business located on North Shore Road, Devonshire, was launched by owners Jennifer and Greg...

Bermuda Stock Exchange Report: June 21 2018
Bernews

June 21 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,723.21, even on the day. There were 0 advances, 0 declines, and 61...

Bermuda Stock Exchange Report: June 21 2018
Bernews

June 21 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,723.21, even on the day. There were 0 advances, 0 declines, and 61 remained unchanged. The full report for the day is available here [PDF]....

Employment income rose 93m in 2017
Royal Gazette

Employment income in Bermuda jumped by almost 100 million last year, with international business, construction and public administration seeing notable rises. The figures were released by the Bermuda Government in its...

Belco signs deal to fund new power station
Royal Gazette

Belco has signed a 107. 5 million financing deal to fund the construction of the new North Power Station. The utilitys parent company Ascendant Group Ltd said in a statement issued by the Bermuda Stock Exchange that both...

$107.5M Financing For New BELCO System
Bernews

BELCO has arranged $107.5 million in financing which the company said “will be used to fund the construction of BELCO’s replacement generation and battery energy storage system.” Ascendant, BELCO’s...

Butterfield falls 1.3 in New York
Royal Gazette

There were no trades on the Bermuda Stock Exchange, but Butterfield Banks US-listed shares slid 1. 3 per cent. The banks shares closed at 47. 65, down 63 cents, on the New York Stock Exchange. The Royal GazetteBSX Index...

Fireminds wins fourth Microsoft partner award
Royal Gazette

Fireminds has won the 2018 Microsoft Country Partner of the Year Award for Bermuda for the fourth consecutive year. The IT consulting firm was honoured among a global field of top Microsoft partners for demonstrating...

Appleby Bermuda Promote Boys, Carr & Tildesley
Bernews

Law firm Appleby has announced three Senior Associate promotions in Bermuda. The promotions are across two practice groups, Corporate and Dispute Resolution. These promotions are in addition to the five partner promotions...

Video: ‘Taking Off’ Features New Duty-Free Shop
Bernews

Skyport has released the thirteenth episode of ‘Taking Off’, a video series with host Mikaela Pearman that highlights the airport redevelopment project, with this week’s video highlighting the new...

BEDC lunch and learn seminar on microloans
Royal Gazette

Entrepreneurs and those aspiring to create their own business are encouraged to attend a free lunch and learn seminar to find out more about accessing microloans from the Bermuda Economic Development Corporation. The...

KPMG offers new 20,000-a-year scholarship
Royal Gazette

KPMG in Bermuda has a new scholarship to be awarded to a Bermudian university student interested in pursuing a non-accounting career with the company. The scholarship will provide assistance towards the completion of an...

Funworx ventures into electric scooter tours
Royal Gazette

Funworx, which has a pop-up location at Gombeys Restaurant and Bar in St Davids, is providing electric scooter tours to guests. The company rents watersports products as well as their newly URB-E electric scooters, which...

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