Category: Business
Pet Stop Store Now Open In Mills Creek
A new pet shop has opened for business on the island, with Pet Stop, located in Mills Creek, open seven days a week – from Monday to Saturday from 8.30am to 6.00pm and Sunday from 10.00am to 3.00pm. A spokesperson said, “Anyone who has themselves a little fur-friend knows all too well that it can be just as fun [if not more so] shopping for... Read more of this article
Fitch Places MMC On Rating Watch Negative
Fitch Ratings has placed the ratings of Marsh & McLennan Companies, Inc. [MMC] on Rating Watch Negative. This includes the ‘A’ Long-Term Issuer Default Rating [IDR] and senior unsecured debt ratings and ‘F1′ Short-term ratings. The ratings agency said, “Fitch’s rating action follows the announcement that MMC has reached... Read more of this article
Rosewood Manager Highlights Role With Hotel
With Rosewood Bermuda’s reconceptualized restaurant, Sul Verde, recently opening for lunch to guests and locals alike, the hotel’s Assistant Front Office Manager, Katherine Burchell, has outlined her ongoing role with the business and its operations. Ms. Burchell said, “I was born and raised in Bermuda. My family is from the Warwick area.... Read more of this article
BMA Release Paper On Supervisory Approach
The Bermuda Monetary Authority [BMA] has published an occasional paper sharing its experience in developing a framework for identifying, assessing and understanding money laundering [ML] and terrorism financing [TF] risks within Bermuda’s insurance sector. A summary of this paper will also be featured in the forthcoming Financial Action Task Force... Read more of this article
Bermuda Stock Exchange Report: Sept 20 2018
September 20 saw 6,600 shares trade on the Bermuda Stock Exchange, valued at $160,650.00 BD. 5,100 shares were traded by Ascendant Group Limited, closing up 0.3% at $16.50 per share, while another 1,500 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.0% at $51.00 per share. The BSX finished at 2,866.69, up 1.61% on the day. There... Read more of this article
BEDC Accepting Business Award Nominations
The Bermuda Economic Development Corporation [BEDC] today [Sept 20] announced it will now be accepting nominations for its 2nd Annual Small Business Awards, an event held in conjunction with Global Entrepreneurship Week in November. A spokesperson said, “Members of the community are encouraged to cast their vote with their suggestions for the... Read more of this article
BELCO Grid Code Consultation Ends Monday
On Tuesday, September 18th members of the Bermuda Electric Light Company’s [BELCO] Grid Operations Team met with stakeholders as part of the consultation process relating to its proposed Grid Code. A spokesperson said, “BELCO has invited interested industry stakeholders and members of the public to review and consider the draft Grid Code and... Read more of this article
Lili Bermuda Celebrates 90th Anniversary
Isabelle Ramsay-Brackstone, Master Perfumer for The Lili Bermuda Perfumery in St. George, is getting set to celebrate the 90th anniversary of her business at Stewart Hall. Ms. Ramsay-Brackstone said, “Fifteen years ago, I started this great journey of telling the story of Bermuda in creating beautiful perfumes. Our iconic fragrances are a true reflection... Read more of this article
Fairmont Offers “Bermuda Triangle” Package
Fairmont Southampton, in partnership with The Bermuda Underwater Exploration Institute, is “inviting the world to discover the myths and mysteries of the Bermuda Triangle.” A spokesperson said, “Fairmont Southampton’s Bermuda Triangle Package is inspired by the historic myths of the Bermuda Triangle. This discovery package invites... Read more of this article
Bermuda Stock Exchange Report: Sept 19 2018
September 19 saw 135,460 shares trade on the Bermuda Stock Exchange, valued at $1,175,329.00 BD. 112,860 shares were traded by Argus Group Holdings Ltd, closing down 8.4% at $3.40 per share, while another 12,500 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.0% at $50.00 per share. 10,100 shares were traded by Ascendant Group Limited,... Read more of this article
Airport Named “Most Improved” By ASQ
Bermuda’s LF Wade International Airport has been named the most improved airport in the category of under two million passengers by the Airport Service Quality [ASQ] programme for the second quarter of 2018, Skyport announced. “Out of 65 airports surveyed, the airport’s ranking increased from 55th in quarter one to sixth in quarter two, making... Read more of this article
Plans To Improve Immigration Customer Service
In looking at ways to improve customer service and application processing times at the Department of Immigration, the Minister of Home Affairs Walton Brown has been working with department staff to “create both short-term and medium-term plans.” “In order to address outstanding applications and bring them up to date, a short-term solution... Read more of this article
Survey: ABIR Members Contribute Over $840M
Members of the Association of Bermuda Insurers & Reinsurers [ABIR] made a direct economic contribution to Bermuda of more than $840 million in 2017, according to the group’s 13th annual member survey results released today [Sept 19]. “Data reported for calendar year 2017 from 23 ABIR members showed ABIR’s aggregate direct economic impact... Read more of this article