49296 results returned for search: "" category ("Other" AND "Business")
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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Belco faces difficult times ahead with the price of oil soaring and a growing demand from consumers - that is according to the latest equity research report by Lines Overseas Management.
The report, which was published by Jeremy Dyck, a research anal...
DATE: Jul 24, 2008
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Car dealerships are looking into selling greener models, but it may still be some time before they are able to offer them to clients on the Island.
With Bermuda's small size and low speed limit, coupled with the world's soaring oil prices many believ...
DATE: Jul 24, 2008
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The future of Bermuda's international business sector was showcased at the Association of Bermuda International Companies (ABIC) Education Awards luncheon yesterday.
The event, which was held at the Harbourfront Restaurant, saw 24 Bermudian students ...
DATE: Jul 24, 2008
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