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Letters to the Editor

"Learn basic economics "

May 18, 2012 Dear Sir, I am no fan of Belco because I live in Pembroke and get to enjoy the noise and smell almost daily. I’m also concerned that they don’t appear to be cutting shareholder dividends to share the cost of this development in these eco...
May 23, 2012
Reinsurance

"Driscoll named new CEO at Validus Re after Ward resigns"

After weeks of rumour and speculation, Validus Re has confirmed that Conan Ward has resigned as the company’s CEO and will leave the company altogether on February 1 of next year. The Bermuda reinsurer confirmed yesterday morning that Mr Ward has re...
May 23, 2012
Local Business

"Layoffs likely as BTC closes telephone sales and rental business"

BTC officially hangs up on its telephone sales and rental business next month. The closure of the longtime Customer Premises Equipment department as of June 30 could affect up to a dozen jobs. A BTC spokeswoman said yesterday the final number of layo...
May 23, 2012
Local Business

"HSBC raises monthly account fees"

HSBC Bermuda is raising its monthly fees, dropping savings account interest rates and changing its credit card reward points. The bank advised that as of July 2, its chequing account monthly fee will increase to $5 from $3. In addition, a host of oth...
May 23, 2012
Local Business

12 years of drug testing has lifted morale at Butterfield & Vallis

If you think morale in the workplace and drug-testing have nothing to do with one another, you might want to speak to someone at Butterfield & Vallis. The food distribution company, which has made The Bottom Lines’s Top 10 Employers in Bermuda list ...
May 22, 2012
Local Business

"BTC launches new PRISM fibre-optic network"

BTC has launched a new fibre-optic network it claims will give Bermuda one of the most advanced networks in the Bermuda/Caribbean region. The new PRISM network will comprise a series of five fibre-optic rings covering the City of Hamilton, providing ...
May 22, 2012
Editorials

"Electricity prices"

The dispute over whether Belco should be allowed to increase its rates is a classic example of competing interests. One the one hand, Belco says it needs the increase in its basic rate in order to pay for a replacement for one of its main, and outdat...
May 21, 2012
Other

"Telecoms firms to be allowed to bundle services from next year"

The Island’s telecoms providers will finally be able to offer bundled services to customers from next March. Bermuda’s first Integrated Communications Operating Licences (ICOLs) will be issued in less than a year, Minister of Environment, Planning an...
May 18, 2012
Local Business

"Bermuda Gas officially opens new showroom"

Bermuda Gas celebrated the completion of its custom-built new facility yesterday. Inviting staff, building contractors, major vendors, company directors and the media, the official opening of featured a ribbon-cutting ceremony and a reception with fo...
May 18, 2012
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