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Retail sales in Bermuda continued their rebound in May, albeit slightly, increasing for the second consecutive month year over year, as reflected in the May 2022 Retail Sales Index. After adjusting for the retail sales rate of inflation, measured...

A new report from KPMG said island governments were developing new or refreshed national economic strategies to get their countries on the right track after being hard hit by the pandemic. The report outlined best-in-class examples of how islands are...

As the Government continued ongoing debt management efforts, it announced the commencement of offers for the purchase of its senior notes. It involves an offer to buy the outstanding 4.138 per cent senior notes due in 2023 and the 4.854 per cent seni...

For the ninth consecutive month, the Retail Sales Index has tumbled, a period stretching through to March this year from as far back as the summer of 2021. The Ministry of Economy and Labour has just released the 2022 Retail Sales Index, with compara...

Even in the absence of the island’s largest hotel for possibly the next 24 months, and continuing concern about the “national” debt, a major rating agency has given Bermuda the thumbs up on our future prospects. In fact, Moody’s Investors Service cit...

A Madison Avenue agency specialising in travel and lifestyle public relations has taken over as image maker for the Hamilton Princess Hotel. Laura Davidson Public Relations was listed by Forbes magazine last year among “America’s best PR agencies”. I...

February’s retail sales volume fell 4.4 per cent compared to last year, according to Retail Sales Index figures released by the Ministry of Economy and Labour. In value terms, retail sales revenue remained the same as the previous year (February 2021...

Consumers paid 2.5 per cent more in February than they did a year ago for the basket of goods and services included in the Consumer Price Index, the Ministry of Economy and Labour reported today. This level of inflation was the same as the January an...

Increases in food prices and health insurance were responsible for the inflation rate hitting 2.5% in January, the Government reported

Jason Hayward, the Minister of Economy and Labour, yesterday pegged inflation for the year to November at 2.8 per cent, as measured by the Consumer Price Index released by the Department of Statistics. The minister said: “In November 2021, consumers ...