2353 results returned for search: "" category "Other" author Jonathan Kent
The Bermuda Government will have to borrow another $125 million in the next fiscal year, adding to its $2 billion-plus of outstanding debts.
Of the $800 million that the Government borrowed less than two years ago to see it through multiple years of...
DATE: Feb 21, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda is likely to emerge from recession this year, according to projections by the Ministry of Finance.
Analysts from the Ministry estimate that the economy will grow by up to 1.5 per cent next year.
In the outlook section of The National Economic...
DATE: Feb 21, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Freisenbruch-Meyer Group (FMG) has come up with a new insurance policy specifically to cover the risks of the growing vacation rentals sector.
The rise to prominence of websites such as Airbnb.com has fuelled the rise in the number of people renting ...
DATE: Feb 19, 2015
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Other
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AUTHOR:
Jonathan Kent
The Tucker’s Point Hotel and Resort is up for sale.
After being in receivership for some 16 months, the East End property is being marketed to potential buyers by international agency Jones Lang LaSalle and by Rego Sotheby’s International Realty in B...
DATE: Feb 13, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Most businesses leaders believe Bermuda’s economy is improving — but their confidence in longer-term economic prospects remains fragile and more businesses are still cutting staff than hiring.
Those were some of the findings of a survey for the inaug...
DATE: Feb 06, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda needs an influx of thousands of people to boost its flagging population — or strong economic growth will not happen.
This is the view of Don Mills, chief executive officer of a Canadian market research company involved in a pioneering Bermuda...
DATE: Feb 06, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Endurance Specialty Holdings Ltd has donated $250,000 to the Bermuda Hospitals Charitable Trust.
The charity is conducting what it describes as the biggest fundraising campaign in the Island’s history, as it attempts to raise $40 million over three y...
DATE: Feb 05, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Behind the drama being played out in front of Cabinet Office this week looms a stark reality — that if the Bermuda Government does not soon start spending much less and/or earning much more, it is only a matter of time before fiscal collapse.
While p...
DATE: Jan 29, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Shareholders of Bermuda-domiciled CatCo Reinsurance Opportunities Fund Ltd have benefited from a handsome return thanks to a lack of reinsurance claims.
The fund announced yesterday that it will pay a 5.9 cent dividend and additionally proposed a “re...
DATE: Jan 06, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda goes into 2015 with better economic growth prospects than at any time since the global financial crisis struck six years ago.
After a grim period marked by job losses, wage cuts and freezes, business closures, a severe property market slump, ...
DATE: Jan 02, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
