537 results returned for search: "" category ("Economy" AND "Business")
Bermuda’s food supply is “vast” and its distribution system highly varied but food prices will continue to increase, and the Island remains dangerously vulnerable to sudden, high-impact “surprise” events.
The good, the bad and the unknown were aired ...
DATE: Sep 30, 2011
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CATEGORY:
Economy
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AUTHOR:
Jonathan Bell
A Willowbank worker has spoken of the “hurt and frustration” of staff as the 50-year-old hotel prepares to close.
The woman, who did not want to be named, says even though the 46 full and part-time staff are struggling to come to terms with losing t...
DATE: Sep 30, 2011
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CATEGORY:
Economy
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July saw possibly the biggest exodus of people from Bermuda, reflected in the latest retail sales figures which continued to decline for the 39th consecutive month.
That is according to Paula Clarke, chairman of the Bermuda Chamber of Commerce’s reta...
DATE: Sep 27, 2011
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CATEGORY:
Economy
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Relaxing the Island’s 60/40 rule could help local companies raise significant capital in the challenging economic times.
This is according to financial analysts, who said if Government changed the rule and allowed more domestic companies to sell the...
DATE: Sep 26, 2011
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CATEGORY:
Economy
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Retail sales volume fell for the 39th straight month, driven by plummeting motor vehicle sales.
Sales dropped by 8.5 percent in volume and 6.1 percent in value during July as consumer demand weakened in four of the seven retail sectors.
Motor vehicle...
DATE: Sep 23, 2011
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CATEGORY:
Economy
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Bermuda-based Omega Insurance Holdings is now the subject of a three-war bidding war after Lloyd’s of London insurer Barbican yesterday announced a bid to buy nearly a quarter of the company.
Barbican’s 84p per share bid trumps that of Haverford (Ber...
DATE: Sep 23, 2011
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CATEGORY:
Economy
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By Jonathan Kent
Premier Paula Cox and joined former Premier Sir John Swan on a panel at a conference focusing on infrastructure in Miami yesterday.
The discussion marked the start of KPMG’s “Infrastructure Summit: An Island Perspective of a Global C...
DATE: Sep 23, 2011
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CATEGORY:
Economy
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The board of the Bermuda Chamber of Commerce felt that the decision to part ways with executive director Diane Gordon was in the best interests of the Chamber and its members.
That is according to Chamber president Stephen Todd, who said that the Cha...
DATE: Sep 19, 2011
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CATEGORY:
Economy
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WASHINGTON (Bloomberg) The Internal Revenue Service announced that 12,000 taxpayers have declared offshore bank accounts in the second round of a voluntary disclosure program that the agency says has yielded $2.7 billion overall.
IRS Commissioner Dou...
DATE: Sep 16, 2011
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CATEGORY:
Economy
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The cost of living in Bermuda held steady in July, as food and clothing prices dropped and rents came down further.
Consumers paid 2.8 percent more in July than they did a year ago for a basket of goods and services, according to the Statistics Depar...
DATE: Sep 16, 2011
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CATEGORY:
Economy
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