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Figures delivered for November by the Department of Statistics revealed the enduring slide for retail sales, with the index continuing to go in the wrong direction. The Ministry of Economy and Labour released the November 2021 Retail Sales Index, sho...

The Institute of Directors Bermuda will kick off its 2022 professional development programme with the in-depth panel discussion titled What Directors Need to Know for the Year to Come. The event, held in conjunction with professional services firm KP...

The Ministry for the Cabinet Office released the September 2021 Consumer Price Index (CPI) from the Department of Statistics. In summary, during September 2021 consumers paid 2.2 per cent more than they did in September 2020 for the basket of goods a...

The Government will update the Financial Policy Council (FPC) today on work being done to understand and assess the potential impact of the global tax agreement on Bermuda. A government statement last night said: “The Ministry of Finance will have th...

Members of the retail and restaurant divisions of the Bermuda Chamber of Commerce have teamed up for a special promotion this month. Until December 12, participating establishments will offer the 75/10 Holiday Promotion to entice shoppers and diners ...

The economy suffered the deepest contraction in living memory last year, the latest statistics revealed last night. The 2020 report on Bermuda’s Gross Domestic Product said the economy contracted by 6.9 per cent in real terms as the Covid-19 pandemi...

Inflation slowed its upward trajectory in the year to August, in figures released by the Government. The Ministry for the Cabinet Office released the August 2021 Consumer Price Index (CPI) from the Department of Statistics. The ministry said that dur...

Balance of payments figures released by the Government show a current account surplus of $313 million in the second quarter of 2021 — a $37 million increase year over year. The growth in the surplus reflected an increase in the inflow of currency to ...

Bermuda’s annual inflation rate increased at the highest rate in four years in July, increasing to 2.2 per cent. The rise was a full percentage point higher than June’s figure of 1.2 per cent and the highest since inflation hit 2.4 per cent in March...

The volume of retail sales was 5.9 per cent higher in June than in June 2020, after adjusting for the retail sales rate of inflation, measured at 1.9 per cent in the month. The uptick was attributed mostly to increased spending on-island by resident...