John Wight has been elected to serve a third year as president of the Bermuda Chamber of Commerce.

Mr Wight, who is also chief executive officer of BF&M Ltd, became president of the Chamber in early 2016 and was re-elected last year.

At the Chamber’s annual meeting, held at the Hamilton Princess last week, he was again re-elected.

He said: “I thank the members for their endorsement. There is much to be positive about in 2018, including major new construction projects, growing visibility of the island through premier sporting events, and the prospect of new start-up companies — all of which help to generate business and consumer spending for our members.

“Conversely, there are challenges facing the island, including the CFATF [Caribbean Financial Action Task Force] review of Bermuda and the large government debt, forecast to increase as our spending for 2018/2019 is set to surpass what we take in.”

He added: “The Chamber plays an important leadership role for its members and for all of Bermuda. I am encouraged by the tone of constructive and open dialogue set by Government and I look forward to another year of bridging perspectives of all our stakeholders.”