537 results returned for search: "" category ("Economy" AND "Business")
Rents for apartments and houses on the Island have come down by as much as 25 percent in the last five years.
The demand for larger rental homes has also fallen and inventory is building in the East and West Ends of the Island as more tenants look to...
DATE: Jul 20, 2011
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CATEGORY:
Economy
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The commercial real estate market in Bermuda continues to soften, but interest is picking up, at least in two areas.
This according to Rego Sotheby’s International Realty, which says it’s seen a flurry of interest in tourism properties and renewed de...
DATE: Jul 20, 2011
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CATEGORY:
Economy
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The value of goods imported into Bermuda fell almost 10 percent in the first quarter, according to statistics released by Government yesterday.
The $219 million of goods that came in during the first three months of the year was $24 million less than...
DATE: Jul 19, 2011
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CATEGORY:
Economy
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The competition among Bermuda’s gold dealers has heated up with one trader expanding his services into selling bullion and jewellery.
Entrepreneur James Gilbert, the sole proprietor of Bermuda Gold Exchange, recently moved his drop box from Gorham’s ...
DATE: Jul 19, 2011
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CATEGORY:
Economy
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Six jobs have been lost at Key Management Services (KMS), the company confirmed yesterday.
Three managers and three line staff, one of them a part-time employee, were let go.
Leslie Rans, chief financial officer of parent company the KeyTech Group, c...
DATE: Jul 19, 2011
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CATEGORY:
Economy
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Thirty-five people will be made redundant at Aircraft Services Bermuda Ltd (ASB) following the closure of certain parts of the company’s airport operations, parent company Bermuda Aviation Services (BAS) announced yesterday.
All of the positions are ...
DATE: Jul 19, 2011
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CATEGORY:
Economy
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Homes sales in Bermuda have plummeted from almost 600 properties being closed on four years ago, to less than 100 changing hands in the first half of the year.
And the average sale price of condos (below $32,400 annual rental value) has dropped 25 p...
DATE: Jul 19, 2011
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CATEGORY:
Economy
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Business Bermuda promoted the Island’s commitment to growing its Islamic finance sector at the inaugural Islamic Financial News European Forum held in London.
At the event, which was held last week and endorsed by the London Stock Exchange, investors...
DATE: Jul 12, 2011
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CATEGORY:
Economy
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Bank depositors will be covered for up to $25,000 of their cash in their bank under legislation for a new deposit insurance scheme tabled by Premier and Finance Minister Paula Cox on Friday.
Plans for the Island's first such scheme have been in the w...
DATE: Jul 11, 2011
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CATEGORY:
Economy
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An strengthened framework to combat money-laundering has brought a sharp increase in prosecutions and seizures, according to Attorney General and Minister of Justice Michael Scott.
Mr Scott told MPs in the House of Assembly that the work of the Nati...
DATE: Jul 11, 2011
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CATEGORY:
Economy
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