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Bermuda-registered Central European Media Enterprises Ltd. (CME) suffered a net loss of $20.5 million in the year to the end of December, compared with a net loss in 1993 of $8,360,000. The declining bottom line was put down in part to the company's ...

in it losing its designated territory status has been dismissed by local officials. The report was made in the March edition of Portfolio International, billed as the "professional's guide to investment worldwide''. But a Bermuda Monetary Authority (...

industry, a top official said yesterday. Mr. Roger Gillett, deputy chairman of the Insurance Advisory Committee, also warned of complacency among Bermuda companies. The deputy chairman of the Insurance Advisory Committee, Mr. Roger Gillett, challenge...

interchange) connection for Gorham's Ltd., the retailer that has already established EDI links overseas. Gorham's systems manager, Mr. Rod Farrington, said that it is a significant breakthrough, especially in terms of payroll for the some 60 staff. M...

Security Life Insurance (USL) Company Ltd., the firm's manager has said the company need not have failed. Mr. James DeCouto is certain that the Government acted hastily in 1992 in petitioning the court to wind the insurer up. He had spent five years,...

A Bermudian, who was born in England and grew up in Canada, celebrated 20 years in the Bermuda retail business on Friday in her Washington Mall leather goods store, The Harbour Master. Mrs. Sheilagh Robertson, wife of Environment Minister, Senator th...

Excess liability insurer EXEL Ltd.'s operating results rose nine percent in the first quarter as a result of improved investment income, the company said yesterday. But the company's net income dropped more than 28 percent when compared to 1994's fir...

EBT Securities managing director Mrs. Cheryl-Ann Lister is retiring. Today or tomorrow will be the 37-year-old investment manager's last day in the Hamilton office that is just one corner of the business empire of Austrian financier, Mr. Wolfgang Flo...

-- is being sold to family-owned Kitson & Company Ltd. for an undisclosed figure. LPG is also advising American Express that the long running business association that it has enjoyed with LPG will end as soon as the US firm can find a suitable replac...

in recent months, according to official figures. Collective investment schemes include mutual funds and unit trusts. The latest tally to the end of November showed an increase of the total number of collective investment schemes to 568 from 550, but ...