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The owners of the Palm Reef Hotel property have submitted new plans to the Planning Department, which if approved, would allow them to demolish the hotel and build 24 residential homes on the site. Previous plans submitted called for 41 homes for "up...

election even though the party's hold on power is "more tenuous than ever'', the analytical service states in its second quarter country report on Bermuda. The Economist states Premier Pamela Gordon's cabinet shake-up may help to shore up support amo...

Government has tabled a bill in Parliament requiring all companies to begin private sector pension plans for their employees in 18 months. When enacted and implemented The National Pension Scheme (Occupational Pensions) Act 1998 will also set up a na...

Department of Immigration has taken out advertising for job seekers in the sector. Chief Immigration Officer Martin Brewer said the department projects there will be a shortfall of more than 1,000 jobs left unfilled by Bermudians this year. "With the...

Annex has not been able to secure financing for the project, Bermuda Land Development Company (BLDC) chairman Vince Ingham said yesterday. Now the quango charged by Government with developing the 250-acre site is considering other alternatives to get...

Recent moves by Bermuda's insurance and reinsurance sector to adjust to increasing competition has strengthened the prominence of the Island in the global market, a Price Waterhouse survey shows. And while Bermuda is still considered "young'' in the ...

Co-Op Supermarket default of a loan the workers' organisation lent to the venture. The Credit Union was also a drag on the BIU's bottom line. The BIU lost $276,215 in the financial year ended September 30, 1997 compared to a surplus of $3,407 recorde...

The head of the Bermuda Monetary Authority (BMA) has called on some sort of central authority to ensure Bermuda companies are dealing with solving the Year 2000 computer problem. "There has to be some coordinated effort to ensure Bermuda is on the ro...

Government has sent businesses copies of a draft bill that when passed by Parliament will introduce a mandated private sector pension scheme for Bermudian employees. But the proposed bill has already run into criticism from the Chamber of Commerce, w...

today with a tough baptism. The committee will be debating four controversial private bills put forward by The Bank of Bermuda, Belco (Holdings) Ltd., Bermuda Properties Ltd. and First International Citizens' Bank of Bermuda. The issues surrounding t...