Bermuda International Business Association (BIBA) has a new president and new offices, chief executive officer Pat Phillip-Bassett announced yesterday, adding that other major developments are soon to follow.

Raymond Medeiros a partner with the accounting firm PricewaterhouseCoopers, was elected BIBA's new president at their annual general meeting held yesterday. Mr. Medeiros took over the helm from BF&M CEO, Glen Titterton who served two years in the post.

Mr. Titterton announced at the lunch at the Fairmont Hamilton Princess Hotel after yesterday's AGM that the organisation was moving to larger offices in Century House on Par-la-Ville Road next week.

Mrs. Phillip Bassett further revealed to The Royal Gazette BIBA's plans to revamp their bye-laws in a special general meeting slated for February.

She said that BIBA would be reviewing its classes of membership to ensure they adequately reflected the current business community. Holding that the local industry is very "dynamic'', Mrs. Philip Bassett said BIBA was concerned that there were classes of business which are not encompassed in their bye-laws.

"We want to ensure that our bye-laws are brought up to date to reflect how the industry has changed,'' she said, "and we need to ensure that it properly encompasses all the classes of business''.

Mrs. Philip Bassett noted too that the emergence of e-commerce has brought the matter to light. However, she was tight-lipped on a new position which has been created in the organisation.

She confirmed that a new staff member would be joining her in January, she refused to divulge what that person's functions would be. In his opening address, Mr. Titterton praised the new legislation which made e-commerce possible.

"This groundbreaking legislation establishes Bermuda as a serious contender in the e-commerce marketplace,'' he said, "And we have already attracted attention internationally as an e-commerce jurisdiction through BIBA's marketing activities and the efforts of the minister and others.'' BUSINESS BUC