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recent decision of Parliament's Private Bills Committee, which did not support the Bank of Bermuda's waiver petition for an exemption from the 60/40 rule. And there was a hint this week that the bank not only has other options in seeking the exemptio...

Plagued by a significant drop-off in winter advertising revenue and diminishing returns, Bermuda Magazine has been forced to rethink its product. Publisher Bermuda Marketing Ltd., which releases the first 1998 edition this week, is now moving away fr...

Two Berkeley Institute alumni and two Oxford University alumni have joined to form Francis & Forrest, Bermuda's newest law firm which opened for business last month at the Corner House on Parliament Street. The partners and former Berkeley students a...

The monthly index for the total value of retail sales increased 4.8 percent in February over the same month in 1997. Gross turnover was estimated at $35 million for the month. But retail sales index statistics made available by Government's Statistic...

Outgoing president of the Bermuda Chamber of Commerce, David Rowntree, has expressed concern that the business lobby's input into potential tax reform may be muted. UK tax advisors are on the verge of presenting a final report to Government. Mr. Rown...

The trustees of the Hotel Pension Fund have won a legal battle in the Bermuda Supreme Court after a family failed to pay back a $400,000 loan. The plaintiff trustees were suing ten members of the same family who in April, 1991 borrowed the money and ...

Burns and Timothy J. Counsell. Senior partner John Campbell told The Royal Gazette : "Michael and Tim have worked very hard for this. They are both fine professionals and, in their new role, will further enhance our strengths as a well-rounded and dy...

The trend towards business globalisation has led to a decision by the law partners of leading firm Conyers, Dill & Pearman to open a London office in the spring. A near four year old idea, the international expansion now comes after some nine months ...

exported for investment purposes. Government officials said this week that the relaxation of foreign exchange controls has enabled Bermudians to invest increasing amounts of investment capital abroad, contributing to an outflow of funds and a negativ...

Government has provided its clearest hint yet that it may consider in the coming fiscal year increasing the legislated debt ceiling of $185 million to enable further borrowing. It comes as the most significant review of Bermuda's tax structure in dec...