Bermuda has made great strides since the late 1990s on the e-commerce front. Michael Scott, the island’s telecommunications minister, outlines his policy vision.
Bermuda’s recently appointed minister of telecommunications and e-commerce, Michael Scott, is not banking on another dot-com gold rush, predicting that the growth of e-business will be a gradual process. He also believes that it is the government’s responsibility to create an environment that is conducive to private sector development and fosters customer appetite for products and services.
Americas
Latest articles from Americas
E-paradise found
December 1, 2004A fair exchange
December 1, 2004Bermuda’s stock exchange is tightening regulation to fit in with international guidelines.
Changes are afoot
December 1, 2004Relaxation of Bermuda’s foreign ownership laws is boosting the island’s bank sector, reports Mairi Mallon.
Steady in the storm
December 1, 2004Bermuda’s insurance market remains buoyant despite huge payouts after the hurricane season. This is just one of many reasons why the country is so attractive to financial services firms, reports Mairi Mallon.
Brazilian bank unions call off strike
November 4, 2004BRAZIL’S LONGEST EVER banking strike came to an end last month, four weeks after it commenced, as workers heeded their union bosses’ call to return to their jobs. Nearly half of the country’s 400,000 bank employees had walked off the job on September 15, when Brazil’s banks refused to give them a 25% salary increase.
Life beyond General Pinochet
November 4, 2004Chilean President Ricardo Lagos talks to Karina Robinson about reform and the challenges ahead of next year’s election.
Opposition stalls Costa Rica’s economic reforms
November 4, 2004
Can Costa Rica – traditionally stable compared with its central American neighbours – preserve its tradition of consensus building and move ahead with liberal economic reforms? Jane Monahan reports.
The question mark over Costa Rica’s economic future came into sharp focus when the finance minister, Alberto Dent, resigned on September 3, at a time of mounting opposition to his package of economic reforms.
Texas arrangers
November 4, 2004
Welcome to Texas, where global banking heavyweights are racing to cater to the banking needs of the fast-growing Hispanic population. Monica Campbell reports.
In Texas, as in other Hispanic US states, such as California, Florida and New York, both foreign and US banks are rushing to cater to a Hispanic market that they merely dabbled in not so long ago.
It is easy to see why Hispanics are finally getting attention. The Hispanic population is the fastest-growing minority group in the US, and it is predicted to grow from 14% of the country’s population – 40 million people – to 24% by 2050, according to the US government.
Danger signs on US deficits
November 4, 2004There is growing anxiety over the vast US budget deficit. The next US administration needs to remedy the situation – fast.
Inflationary years leave financial players fitter
October 4, 2004Paulo Miron, Sergio Rogante and Graham Nye of PricewaterhouseCoopers review the effects of inflation on Brazil’s banking sector.