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astounding growth of Internet commerce. First Atlantic Commerce Ltd. aims to make Bermuda the offshore centre for Internet transactions by leveraging the Island's lack of corporate tax on profits. "This is huge,'' said First Atlantic chairman Steve C...

managing director Audette Exel is enthusiastic about the medical aid projects she hopes to start in those countries. Ms Exel and a group of partners, including Dr. Charles Swart, have set up The ISIS Foundation in Bermuda. The charitable trust and re...

Some of the Bank of Bermuda Ltd.'s mutual funds have come out tops when ranked against some of the best in the offshore world in 1997. The annual Standard & Poor's Micropal Guide to Offshore Investment Funds ranks the bank's Global Manager German Gea...

The Bermuda Telephone Co. Ltd. (BTC) has put up another hurdle against Government's attempt to introduce full competition in the local telecommunications market. BTC yesterday launched a Supreme Court appeal against an order by the Telecommunications...

Quantum Communications Ltd. has spent about $10 million building its voice and data network and wants to change the way a telephone company operates, president and chief executive officer Jim Sullivan said yesterday. "Many of you will remember Ernest...

Island's rules restricting foreign ownership in local companies, The Bank of Bermuda is proceeding with getting a secondary listing on the NASDAQ stock exchange. Bank president and chief executive officer Henry Smith stated yesterday that the bank wa...

The Bermuda Connect Association began a campaign to expand membership in its secure electronic network for the Island last week. The network, currently made up of 21 member organisations with 2,500 users, has been operating on a trial basis using E-m...

Son Ltd. a deposit rating of "A3'', and a financial strength rating of "D plus'' because of the company's highly liquid, low-risk balance sheet and its modest, but predictable, core profitability. "Recent provisions and restructuring expenses have hu...

to expand by buying up other companies. A Reuters report has stated that Bermuda-based ACE Ltd. and EXEL Ltd. may both be interested in buying NAC Re Corp., the 14th largest reinsurer in the US based on premiums written. "Speculation in the market is...

A secure electronic network for Bermuda-based businesses was officially launched yesterday. The network, which has been operating on a trial basis among 21 member organisations with 2,500 users, is run as a non-profit association. Now the group is at...