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business
Searching for economic growth
New investment: Bermuda is going to need more money spent on new hotels and refurbishing current hotels if it wants to overcome some of the structural problems in the tourism industry says Moody’s. Projects like the $70 million Fairmont Hamilton Princess upgrade could play a role in turning around the island’s hospitality industry. *Illustration supplied
Wednesday, May 22, 2013 9:00 AM
Moody's says Bermuda's international business sector has "positive prospects", but the prospects for tourism are not as bright unless structural problems are overcome.
Full story...
Searching for economic growth
Wednesday, May 22, 2013 9:00 AM
Moody's says Bermuda's international business sector has "positive prospects", but the prospects for tourism are not as bright unless structural problems are overcome.
‘Liquor laws need to be overhauled’
Wednesday, May 22, 2013 8:50 AM
Top restaurateur and bar owner Philip Barnett on Tuesday backed calls for a change in the law to allow on-street selling of alcohol during Harbour Nights.
M&A activity could heat up for Bermuda
Friday, May 17, 2013 9:00 AM
Bermuda has continued to attract dealmakers from around the world according to Timothy Faries, Appleby's group head of corporate and commercial.
Race pumps $12m into the economy
Friday, May 17, 2013 8:55 AM
Close to $12 million was spent by Newport Bermuda race participants in 2012, according to an economic impact study by the Race Organizing Committee.
Moody's downgrades Butterfield Bank
Thursday, May 16, 2013 5:13 PM
Moody's Investors Service downgraded the ratings of Butterfield Bank's standalone bank financial strength rating/baseline credit assessment to D+/baa3 from C-/baa2.
Moody's downgrades Bermuda (Update)
Thursday, May 16, 2013 12:41 PM
Moody's have adjusted Bermuda's sovereign bond rating downwards to Aa3.
Do you know your market?
Wednesday, May 15, 2013 9:10 AM
Last week the Planning for Change seminar was held at the HSBC Harbourview Centre. It was jointly hosted by the Bermuda Economic Development Corporation and HSBC.
BELCO sees its customer base drop
Friday, May 10, 2013 9:00 AM
BELCO saw its customer base decrease slightly in 2012, whereas owner Ascendant Group reported increased earnings. More in Friday's Sun.
Economy, drought hit Watlington profits
Wednesday, May 08, 2013 9:35 AM
Watlington Waters profits fell by 5.8 per cent as the company experienced less demand for its piped water service. The company said sales were at 40 to 50 year lows
It’s off to the races for Telecom industry
Wednesday, May 01, 2013 9:00 AM
New licensing means more companies can offer cell phone, long distance, Cable TV and Internet rather than three or four different firms. More in Wednesday's Sun.
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