76389 results returned for search: "" category "Business"
While global economic struggles have led to widespread belt-tightening around the world this year, Bermuda residents have been spending much more on imported goods.
Government figures released this week show the Island's current account surplus plung...
DATE: Jul 25, 2008
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The latest Basel II legislation is the subject for a new handbook released by the Bermuda Monetary Authority (BMA).
The BMA has published 'Revised Framework for Regulatory Capital Assessment' yesterday, which sets out in a single policy document the ...
DATE: Jul 25, 2008
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Hoteliers are feeling the pinch of a drop in arrivals and it is predicted that the future will not bring much relief.
Hotel receipts fell 12 percent during the first quarter of 2008, a period when arrivals dropped 8.4 percent.
And second-quarter hote...
DATE: Jul 25, 2008
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Duty-free shopping for tourists could help a struggling retail industry, which has seen visitor spending plummet 22 percent during the first quarter of 2008.
While the number of tourist visiting the Island tapered off by 8.4 percent compared to the s...
DATE: Jul 25, 2008
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Senators unanimously passed the landmark Insurance Amendment Bill 2008 yesterday with all-party support.
The new bill, amending the 1978 act, will allow the Bermuda Monetary Authority (BMA) to prescribe standards for an enhanced capital requirement a...
DATE: Jul 24, 2008
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The insurance sector was hardest hit on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
Argus Group Holdings Ltd. fell 75 cents (5.08 percent) to $14, with 1,100 shares traded, while BF&M Ltd. declined 50 cents (2.5 percent) to $19.50...
DATE: Jul 24, 2008
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Laws combating money laundering and terrorism were passed through the Senate yesterday.
Attorney General Kim Wilson read the Proceeds of Crime Amendment Bill, which enables the courts to confiscate items used in money laundering offences.
Sen. Wilson...
DATE: Jul 24, 2008
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Bermuda-based Scottish Re Group Ltd.'s main subsidiaries have had their financial strength rating (FSR) downgraded to C- (weak) from C+ (marginal) and issuer credit ratings (ICR) to "cc" from "b-" by AM Best Co. over concerns its financial position a...
DATE: Jul 24, 2008
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Lines Overseas Management's first half net earnings fell by more than $1 million in the face of tough global trading conditions.
LOM saw its earnings drop from about $1.3 million or 20 cents per share in the first six months of 2007 to $47,806 for th...
DATE: Jul 24, 2008
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The company which built the Warbaby Fox fast ferry has filed for bankruptcy.
The Connecticut-based Derecktor Shipyards filed for Chapter 11 bankruptcy protection last week.
A spokesman has said that the company filed for bankruptcy protection as a re...
DATE: Jul 24, 2008
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