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Retail sales in August increased 2.9 per cent above the $91.4 million recorded in the same month a year ago. During the past year retails sales have improved every month apart from May, when they fell in volume and value. In August, five of the seve...

Butterfield Bank will raise residential mortgage rates if the US Federal Reserve hikes rates next month by 25 basis points, as happened a year ago. The revelation came from one of the bank’s senior executives in Butterfield’s third-quarter earnings c...

Courage. This week we will celebrate Remembrance Day. This day acknowledges the great sacrifices made by so many over the wars of the last century that took so many lives and changed so many aspects of our world. I am sure that many of those who gav...

Customers who lose their internet service for a day will be reimbursed for a full month if they have an “all in” package from Bermuda Telephone Company, and the disruption fault is a BTC issue. The company today revealed its “Always On” service promi...

The limited liability company (LLC) is the first new legal vehicle to be introduced into Bermuda in many years. The LLC was introduced by the Limited Liability Company Act 2016 (LLC Act), which was passed in the Senate in July 2016 and became operati...

An island boat transportation firm is celebrating its 35th anniversary. And Mark Selley, founder of Selley’s Boat Trailer and Marine Services, said he never expected to be still in business after buying an existing business in 1981. Mr Selley, who bu...

Fourteen Bermuda Gas and Rubis employees have passed a composite cylinder retesting training programme. The training was provided by Jonas Berglund, an overseas LPG composite cylinder expert, who has 16 years of experience in the industry. The Bermud...

In May 2016 AFL Investments sponsored an International Tax and Planning Seminar for Bermuda Nationals who own US investments, vacation homes and rental property in the US. The sessions were chaired by Joel Schaefer, chief executive officer of AFL Inv...

Bermuda’s battle to ditch its tax haven label has won a string of top awards in Britain. The country won a total of four British public relations industry awards for its fight to have Bermuda removed from a EU tax haven list. Bob Richards, the Minist...

Bermuda’s pillar industries are likely to be safe amid global uncertainty over the future of the European Union and the US presidential race. Hilary Wakefield, head of portfolio management for the London-based arm of Swiss private banking group EFG, ...