15 results returned for search: "" category "Business" author Tim Smith
The Civil Service must be cut after the coming fiscal year, Finance Minister Bob Richards warned as he outlined the advantages of mutualisation or privatisation.
Staff layoffs will be inevitable unless “non-core functions” are outsourced after 2014/1...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Tim Smith
The days of the 60/40 ownership rule appear numbered after Finance Minister Bob Richards declared it was blocking foreign investment which could restore Bermuda to prosperity.
In his Budget Statement, Mr Richards described the regulation — which guar...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Tim Smith
Virtually all asset classes gave positive returns in 2010, said Premier and Finance Minister Paula Cox yesterday as she reported on the performance of the Public Pension Funds.
At the end of last December:
- Contributory Pension Fund’s assets totalle...
DATE: Mar 09, 2011
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CATEGORY:
Other
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AUTHOR:
Tim Smith
Construction is beginning on a $7 million commercial warehouse at Industrial Park Road, Southampton bucking the trend of the crisis-hit industry in which hundreds of workers remain unemployed.
National Ltd whose vice-president is former Police Commis...
DATE: Mar 04, 2011
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CATEGORY:
Other
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AUTHOR:
Tim Smith
A payroll tax rise and the economic crisis mean retailers have had to cut staff to the bare minimum, according to Body Shop managing director Ellen Brown.
Ms Brown said she had to slash prices in the crucial pre-Christmas period taking on extra roles...
DATE: Jan 11, 2011
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CATEGORY:
Economy
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AUTHOR:
Tim Smith
Bermuda’s construction crisis will barely be improved by the imminent hospital redevelopment and Waterloo House hotel project, according to Construction Association of Bermuda president Andy Pereira.
He said only two major Bermudian contractors are i...
DATE: Jan 11, 2011
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CATEGORY:
Economy
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AUTHOR:
Tim Smith
Insurers will have to provide more financial information in their yearly reports under regulations approved by the House of Assembly yesterday.
Category 3B and E insurance companies are affected by the Insurance Accounts Amendment (Number 2) Regulati...
DATE: Dec 11, 2010
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CATEGORY:
International Business
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AUTHOR:
Tim Smith
People wanting to become shareholders in fund administrators must give prior notice to Bermuda Monetary Authority under legislation approved in the House of Assembly.
Premier and Finance Minister Paula Cox said the Authority would have the power to r...
DATE: Dec 11, 2010
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CATEGORY:
Other
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AUTHOR:
Tim Smith
Keiva Maronie of law firm Trott and Duncan has been called to the Bermuda Bar.
Ms Maronie, from Southampton Parish, has qualifications from the University of Kent and University of Westminster, in England, and completed her pupilage at Trott and Dunc...
DATE: Oct 23, 2008
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CATEGORY:
Other
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AUTHOR:
Tim Smith
To judge by one early portent, a long, sluggish year may be in store for the US financial markets.That’s the signal sent by the behaviour of stock prices in January, which some investors watch as an indicator of how things are likely to go in the nex...
DATE: Feb 03, 2007
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CATEGORY:
Other
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AUTHOR:
Tim Smith
