818 results returned for search: "" category "Other" author Ahmed Elamin
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 ...
DATE: Jun 11, 1998
|
CATEGORY:
Other
|
AUTHOR:
Ahmed Elamin
Watlington Waterworks Ltd. made a profit of $408,798 for the year ended December 31, a 158 percent gain over the previous financial year when costs associated with the purchase of Pure Water (Bermuda) Ltd. cut the company's net income in half.
The pr...
DATE: Jun 10, 1998
|
CATEGORY:
Other
|
AUTHOR:
Ahmed Elamin
when it announced that it will cut its projected profits for the year by $33 million in order to cover potential loan losses.
The $33 million -- out of a projected $38 million profit for the 1998 financial year -- will be used as a provision for pote...
DATE: Jun 10, 1998
|
CATEGORY:
Other
|
AUTHOR:
Ahmed Elamin
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...
DATE: Jun 09, 1998
|
CATEGORY:
Other
|
AUTHOR:
Ahmed Elamin
Here's to a future if we aren't all blown to smithereens by the Millennium Bomb. PC Magazine's June issue describes a cheaper, faster world in its look into the not-so-distant future.
Not surprisingly the magazine predicts personal computers will bec...
DATE: Jun 08, 1998
|
CATEGORY:
Other
|
AUTHOR:
Ahmed Elamin
The hosts of a meeting of top executives have called for the formation of a national task force to help companies deal with the Year 2000 computer problem.
MM&I Technology Group and Cable & Wireless have called for a "multi-industry, multi-disciplina...
DATE: Jun 08, 1998
|
CATEGORY:
Other
|
AUTHOR:
Ahmed Elamin
The Bank of N.T. Butterfield and Son Ltd. was punished for the sins of its past by suffering a downgrade to "A'' from "A plus'' by rating agency Fitch IBCA. However, despite the setback, Bank of N.T. Butterfield and Son Ltd.
President and Chief Execu...
DATE: Jun 05, 1998
|
CATEGORY:
Other
|
AUTHOR:
Ahmed Elamin
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...
DATE: Jun 05, 1998
|
CATEGORY:
Other
|
AUTHOR:
Ahmed Elamin
Armed with recently granted US patents, Bermuda-based Investors Guaranty Fund, Ltd. has embarked on marketing financial methods and technologies designed to ride the wave of interest in insurance securitisation.
The company is hoping to make millions...
DATE: Jun 04, 1998
|
CATEGORY:
Other
|
AUTHOR:
Ahmed Elamin
business and on its recently rejuvenated global custody department, the company's general manager said yesterday.
The company's corporate management subsidiary is also expected to grow, General Manager Peter Roberts told a meeting of the Hamilton Rot...
DATE: Jun 03, 1998
|
CATEGORY:
Other
|
AUTHOR:
Ahmed Elamin
