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Bermuda

S&P Affirms Bermuda Rating; Outlook Remains Negative

April 2, 2014 | 12:00 pm | 0 Comment

S&P Affirms Bermuda Rating; Outlook Remains Negative

Above: BermudaBy the Caribbean Journal staffNew York-based Standard & Poor's has affirmed its AA-/A-1+ rating on Bermuda, the ratings firm announced this week.The British Overseas Territory's outlook remains negative, however, it said."The ratings on Bermuda are supported by our view of the country's ongoing achievements in attracting and retaining more...

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Chef Marcus Samuelsson to Open Pop-Up Restaurant in Bermuda

March 20, 2014 | 4:30 am | 0 Comment

Chef Marcus Samuelsson to Open Pop-Up Restaurant in Bermuda

Above: Chef Marcus Samuelsson (photo: Staffan Johansson)By the Caribbean Journal staffNoted Chef Marcus Samuelsson will be opening a pop-up restaurant at the Fairmont Hamilton Princess hotel in Bermuda.Samuelsson will be opening the eatery for a two-month period lasting from June 3 to Aug. 3; it will serve as a preview of his new signature restaurant which more...

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Bermuda Economy Contracted By 2-2.5 Percent in 2013: Report

February 26, 2014 | 11:50 am | 0 Comment

Bermuda Economy Contracted By 2-2.5 Percent in 2013: Report

Above: BermudaBy the Caribbean Journal staffBermuda's GDP contracted by between 2 and 2.5 percent in 2013, according to estimates from the island's Ministry of Finance included in the recently-released National Economic Report.That was lower than the economy's contraction in 2012, when GDP fell by around 4.9 percent.The total number of jobs in Bermuda fell more...

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Bermuda Reports Drop in Crime

February 18, 2014 | 11:06 am | 0 Comment

Bermuda Reports Drop in Crime

Above: BermudaBy the Caribbean Journal staffCrime in Bermuda continues to fall, according to data released by the Bermuda Police Service.For the first time in five years, all major crime categories are on the decline, the force said, with total crime down 12.8 percent last year compared to 2012.Crimes against the person fell by 9 percent, the force said, more...

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Bermuda Tourism Authority Names CEO

January 27, 2014 | 10:30 am | 0 Comment

Bermuda Tourism Authority Names CEO

Above: BermudaBy the Caribbean Journal staffThe Bermuda Tourism Authority has appointed Bill Hanbury its new Chief Executive Officer.The appointment took effect on Monday.Hanbury had previously served as the CEO of the United Way of the National Capital Area, where he worked from 2009 to 2013.He had previously served as President & CEO of more...

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Bermuda’s Elbow Beach, Mandarin Oriental Parting Ways

January 17, 2014 | 6:00 am | 0 Comment

Bermuda’s Elbow Beach, Mandarin Oriental Parting Ways

Above: the Elbow Beach Bermuda ResortBy the Caribbean Journal staffThe Elbow Beach Hotel & Development Company will be taking over management at the Elbow Beach, Bermuda resort when the management contract of Mandarin Oriental Hotel Group expires later this year.Mandarin's management contract expires on March 31. It had managed the property since more...

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Bermuda, US Sign FATCA Agreement

December 21, 2013 | 10:23 am | 0 Comment

Bermuda, US Sign FATCA Agreement

Above: BermudaBy the Caribbean Journal staffThe governments of Bermuda and the United States have signed an agreement on the US' Foreign Account Compliance Act Regulations.The deal, which is a model two intergovernmental agreement, was signed by US Consul General in Bermuda Robert Settje and Bermuda Finance Minister Bob Richards.FATCA is a reporting system more...

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Bermuda Swears In New Deputy Governor

December 16, 2013 | 12:49 pm | 0 Comment

Bermuda Swears In New Deputy Governor

Above: Ginny Ferson (centre)By the Caribbean Journal staffBermuda swore in Ginny Ferson as the territory's new Deputy Governor on Friday.Ferson is the first woman to serve as Deputy Governor of Bermuda. She succeeds former Deputy Governor David Arkley.Ferson joined the United Kingdom's Diplomatic Service in 1987; she has served in diplomatic postings more...

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Bermuda to Put Gaming Question to Parliament, Shelves Referendum Plan

December 14, 2013 | 4:16 pm | 0 Comment

Bermuda to Put Gaming Question to Parliament, Shelves Referendum Plan

Above: BermudaBy the Caribbean Journal staffBermuda's government is shelving plans to put the question of gaming to a popular referendum, and will be moving the question to a vote by Parliament, the ruling One Bermuda Alliance party announced.Instead, the government will be conducting a public information and consultation campaign, it said, before bringing the more...

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Bermuda’s Fairmont Hamilton Princess Resort Set to Begin $70M Renovation

September 10, 2013 | 5:11 pm | 0 Comment

Bermuda’s Fairmont Hamilton Princess Resort Set to Begin $70M Renovation

Above: the Fairmont Hamilton PrincessBy the Caribbean Journal staffA major renovation project is slated to begin in a few weeks at the Hamilton Princess Hotel in Bermuda, according to the government.The project, which will reportedly cost around $70 million, will be dispersed over several phases. It had originally been slated to cost $50 million but the budget more...

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