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Government's annual insurance bill for property cover for a $1 billion dollar portfolio of public property has tripled, with premiums climbing to a record $4.5 million. But the Works & Engineering Minister, the Hon. Leonard Gibbons, said that the inc...

clarified that the BMA earned a profit of $2,779,000 for the year ended December 31, 1989. Mrs. Marcia Woolridge-Allwood made the statement in response to an article in The Royal Gazette which quoted from the latest Government Auditor's report that p...

public funds -- to the tune of $20 million a year -- are being spent without the required approval of Parliament, according to the latest independent auditor's report. The auditor, Mr. Larry Dennis, has warned of consequences that include reduced con...

over the health of the Contributory Pension Fund (CPF). The latest opinion, which is addressed in a Government Green Paper on a proposed National Pensions Scheme, differs from a 1989 report that said the fund was "quite sound'' and would even absorb ...

endowment fund. The marine biology and oceanographic research facility paid for itself in 1994 following two consecutive years of drawing on the fund. President Dr. James Galloway said: "In 1992, the BBSR had a deficit, even after distributions from ...

Don't ask Mrs. Mary Walker about Independence. Don't ask her age. Her traditional upbringing and traditional values precluded real answers on such subjects, at least the day we posed the questions. But please do ask Mrs. Mary Walker about her attitud...

new draft rules for domestic listings are approved. And in some cases they will take advantage of a grace period to allow them to comply. Changes include a new requirement for share transfers to be processed within five working days of the receipt of...

Developers plan to spend $2 million renovating the Lines Brothers following their purchase of the Reid Street landmark this week. No price was given for the sale but purchasers Management Resources (Bermuda) Ltd. said the renovations will include gut...

third in its last five years of operation as total assets of the company continue to shrink. Shareholders on Friday learned of the company's worst bottom line performance since 1990's net lost of $196,000. For the fiscal year to December 31, 1994, th...

buy aggregate. Island Construction Services (ICS) Ltd. president and CEO, Mr. Zane DeSilva, not only said that his firm can meet local demand, but he said that they can do so "at costs well below any foreign import''. Mr. DeSilva announced that ICS B...