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A new tax on services will increase costs to consumers and may need more civil servants to administer it, Chamber of Commerce president John Wight warned yesterday. Mr Wight said the new general services tax, likely to be set at 5 per cent, was “a ne...

Perfume makers Lili Bermuda is to team up with the island’s Chamber of Commerce to host a fragrance and cocktail reception tomorrow. The “Business after Hours” event will be held at the company’s flagship store on Hamilton’s Front Street. Chamber of ...

Profits rose at Watlington Waterworks Ltd in 2015 as less rain fell. The company said profit attributable to shareholders was $2.19 million, up from $2.08 million in 2014. Revenue rose by $182,000 to $10.21 million, while administrative and expenses ...

Technology company Fireminds has launched a new data centre. The centre aims to continue the firm’s growth in delivering cloud solutions, managed hosting and collocation. Fireminds CEO Michael Branco said: “Data residency continues to be a top priori...

The choices facing Bermuda over how it should generate the electricity supply of the future are becoming increasingly complex, with the rapid changes taking place in the global energy sector. That is the view of Walter Higgins, chief executive office...

James Leman has joined Air Care Ltd as business development and customer care manager. He was formerly a sales and marketing coordinator with Discovery Wines, and before that worked as a business development manager with Freisenbruch-Meyer Group. “I ...

From small beginnings great things can grow, and that’s what Chris Perinchief is aiming for with his new carwashing business in the east end. He is a co-owner of Shine on Time Carwash, which has been set up on a section of Ship’s Wharf, on St David’s...

Ascendant Group Ltd’s operating earnings doubled to $14.5 million last year as electricity sales rose for the first time in six years. The group, which owns Belco, attributed the $7.2 million increase in earnings to improved results at the power util...

A Reid Street office building has been renamed Innovation House after it was sold last year. The building, previously known as Ram Re House, will house technology company Fireminds and meet the expansion needs of insurance firm Freisenbruch-Meyer Gro...

A Dockyard restaurant is getting a new name and new cuisine after being taken over by two couples. Freeport restaurant has been renamed Anchor Restaurant, Bar and Lounge and its new owners say its menu will feature contemporary cuisine with a selecti...