By Scott Neil Bermudians could face job losses as a result of a previously unheralded and unintentional side effect of Bermuda´s six-year work permit policy. Business leader David Ezekiel, chairman of the Association of Bermuda International Companies, has seen evidence of Bermuda-based international companies outsourcing jobs overseas because of difficulties associated with hiring ex-pats on […]
Hamilton, Bermuda, April 13, 2007. The Association of Bermuda International Companies (ABIC), today said it has held a productive meeting with Government to discuss Premier Dr. Ewart Brown´s recent proposals for traffic reform, some of which had caused great concern to it´s members and their employees. On April 5, the Premier announced that among other […]
Hamilton, Bermuda, February 21, 2007. The Association of Bermuda International Companies (ABIC) has scheduled it´s second annual Golf Tournament, a networking event for representatives of it´s member companies and guests from the Bermuda Government, local banks, law firms and other corporations which conduct business with the international sector. The tournament will be held Wednesday March […]
The Association of Bermuda International Companies (ABIC) has made an initial response to the Budget Statement released by the Government of Bermuda – noting that further analysis and opinion will follow after the report can be addressed in greater detail. “We consider the Budget Statement , as one would expect from Minister of Finance Paula […]
Government yesterday passed a bill increasing Bermuda Monetary Authority fees for banks, trusts and insurers to help fund 30 new globe-trotting regulators. Minister of Finance Paula Cox said the additional manpower was needed following the International Monetary Fund´s review of Bermuda´s financial services legislation. Although the report, published in January, 2005, recognised the effectiveness of […]
