550 results returned for search: "" category ("Economy" AND "Business")
HSBC does not believe Bermuda will see a high number of foreclosures this year.
The bank's Deputy CEO Richard Mosley said unlike the US, Bermuda was a more conservative market where people work hard to retain a ‘piece of the rock'.
Last year less tha...
DATE: Jan 21, 2011
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CATEGORY:
Economy
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Chief fire officer Vincent Hollinsid yesterday said that the Fire Service is still committed to hiring Bermudian.
However, like many other local services and businesses, the he said they have been having continued difficulty finding qualified Bermudi...
DATE: Jan 21, 2011
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CATEGORY:
Economy
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AUTHOR:
Owain Johnston-Barnes
Directors of the Butterfield Liquid Reserve Fund Ltd - where investors’ money has been trapped for 18 months - have called a special general meeting of shareholders for February 8.
The fund, which is managed by Butterfield Asset Management Ltd was ba...
DATE: Jan 19, 2011
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CATEGORY:
Economy
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Three to four restaurants and bars could be forced to close their doors for business for the last time over the next year due to the recession.
That is the stark reality facing many businesses according to Philip Barnett, acting chairman of the resta...
DATE: Jan 17, 2011
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CATEGORY:
Economy
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Businesses across Bermuda have been feeling the full impact of people leaving the Island over the past year as the recession bites harder.
One supermarket spokesman estimated that about 3,500 people have exited Bermuda in the last 18 months accountin...
DATE: Jan 12, 2011
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CATEGORY:
Economy
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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
HSBC Bank Bermuda Ltd. will be raising its commercial lending base rate by 0.25 percent for its business banking clients.
The increase will effect only mortgages and loans held by business clients and is the first rate change in three years.
A spokes...
DATE: Jan 11, 2011
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CATEGORY:
Economy
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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
Small business owners and entrepreneurs should continue to realise their business goals in 2011 with a shift in the number of dislocated workers deciding to go it alone over the past year.
Michelle Khaldun, general manager of the Bermuda Small Busin...
DATE: Jan 04, 2011
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CATEGORY:
Economy
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The commencement of work on the new King Edward VII Memorial Hospital building and Waterloo House in Hamilton will help to stave off what would have been an “apocalyptic depression” for the construction industry last year.
That is the view of Alex De...
DATE: Jan 04, 2011
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CATEGORY:
Economy
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