75924 results returned for search: "" category "Business"
Bermuda First Investment Company Ltd (BFIC) recorded a $0.8 million profit for the first six months of its fiscal year — but saw the value of its investments fall by $4.3 million.
The company, which invests in a variety of Bermuda Stock Exchange-list...
DATE: Feb 24, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Butterfield Bank’s common shares gained 2.4 percent in Bermuda Stock Exchange trading.
The bank advanced four cents to $1.74 on the trading of 28,600 shares.
Butterfield eight percent preference shares also gained rising $18, or 1.5 percent, to $1,20...
DATE: Feb 24, 2014
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CATEGORY:
Bermuda Stock Exchange
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The Bermuda Government will pay more than $310,000 per day in interest on its growing mountain of debt in the coming fiscal year.
And despite the $70 million of cuts in public spending announced yesterday, next year’s Budget will run a projected defi...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Jonathan Kent
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
The Bermuda Stock Exchange closed the day unchanged despite some trading.
Bank of NT Butterfield Preference Shares moved with 38 trading at 1182.00, down 6.00.
Ascendant Group Limited also traded, with 1,000 shares changing hands at 10.00.
The BSX fi...
DATE: Feb 22, 2014
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CATEGORY:
Bermuda Stock Exchange
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A programme of cuts in public spending of more than $70 million was yesterday announced by Finance Minister Bob Richards.
And he signalled further expenditure cuts of 15 percent over the next three years — but said that there would be no public servi...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Fees for medical services in Bermuda will be slashed by more 45 percent in the next year, Finance Minister Bob Richards announced in the Budget.
Just $10.07 million is expected to spent compared to $18.53 million last year.
And Government’s reliance...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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The number of jobs in Bermuda fell by 921 last year, preliminary data from a survey of businesses shows.
But the Ministry of Finance is projecting that Bermuda’s economy is likely to emerge from a five-year recession in the second half of this year w...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Jonathan Kent
Despite a petition against a 19-bed seniors’ home, plans for ‘interior reconfiguration’ to create the facility have been approved by the Development Applications Board.
Mrs K Lightbourne made the application for 15 Wyndham Hill, which is a listed bui...
DATE: Feb 21, 2014
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CATEGORY:
Other
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