537 results returned for search: "" category ("Economy" AND "Business")
Three to four restaurants and bars could be forced to close their doors for business for the last time over the next year due to the recession.
That is the stark reality facing many businesses according to Philip Barnett, acting chairman of the resta...
DATE: Jan 17, 2011
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CATEGORY:
Economy
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Businesses across Bermuda have been feeling the full impact of people leaving the Island over the past year as the recession bites harder.
One supermarket spokesman estimated that about 3,500 people have exited Bermuda in the last 18 months accountin...
DATE: Jan 12, 2011
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CATEGORY:
Economy
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A payroll tax rise and the economic crisis mean retailers have had to cut staff to the bare minimum, according to Body Shop managing director Ellen Brown.
Ms Brown said she had to slash prices in the crucial pre-Christmas period taking on extra roles...
DATE: Jan 11, 2011
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CATEGORY:
Economy
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AUTHOR:
Tim Smith
HSBC Bank Bermuda Ltd. will be raising its commercial lending base rate by 0.25 percent for its business banking clients.
The increase will effect only mortgages and loans held by business clients and is the first rate change in three years.
A spokes...
DATE: Jan 11, 2011
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CATEGORY:
Economy
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Bermuda’s construction crisis will barely be improved by the imminent hospital redevelopment and Waterloo House hotel project, according to Construction Association of Bermuda president Andy Pereira.
He said only two major Bermudian contractors are i...
DATE: Jan 11, 2011
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CATEGORY:
Economy
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AUTHOR:
Tim Smith
Small business owners and entrepreneurs should continue to realise their business goals in 2011 with a shift in the number of dislocated workers deciding to go it alone over the past year.
Michelle Khaldun, general manager of the Bermuda Small Busin...
DATE: Jan 04, 2011
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CATEGORY:
Economy
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The commencement of work on the new King Edward VII Memorial Hospital building and Waterloo House in Hamilton will help to stave off what would have been an “apocalyptic depression” for the construction industry last year.
That is the view of Alex De...
DATE: Jan 04, 2011
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CATEGORY:
Economy
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Bermudians are getting unhealthier - and that poses as big a threat to the Island's economy as a monster hurricane, according to Argus Group chief executive officer Gerald Simons.
The boss of one of the Island's biggest health insurers is seeing incr...
DATE: Dec 31, 2010
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CATEGORY:
Economy
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Freisenbruch-Meyer Group’s philosophy of providing the customer with the best possible service and value really came into its own during one of the toughest economic years in Bermuda’s history.
The local insurer, which celebrated its 30th anniversary...
DATE: Dec 30, 2010
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CATEGORY:
Economy
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Power is a basic requirement that homes and businesses cannot do without, but just like almost every other company in Bermuda, energy provider Belco has not been immune to the effects of the recession.
Revenue from electricity sales decreased four pe...
DATE: Dec 28, 2010
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CATEGORY:
Economy
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