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Ten infrastructure projects awarded under Government’s short-term economic stimulus programme are complete while a further 11 are ongoing, the House of Assembly has been told. Wayne Furbert, the Acting Minister of Public Works, said awards to compani...

The value of retail sales jumped 25.4 per cent in April, but largely because much of the island was locked down in the same month in 2020 during the pandemic. Wayne Furbert, the Cabinet Office minister, said the overall volume of local retail sales...

Bermuda recorded a first quarter 2021 balance of payments surplus nearly $100 million higher than for the same period the year before, Minister for the Cabinet Office Wayne Furbert has reported. In a press statement, the Minister said: “Bermuda’s tra...

Bermuda’s trade surplus rose by $20 million to $248 million in the fourth quarter of 2020, but imports of goods and services dropped compared to the same October to December period in 2019. The current account surplus was the highest it has been sinc...

The Bermuda Electric Light Company Ltd has announced that electricity fee increases imposed by the Regulatory Authority this week will not be passed on to customers until May 1. Belco said the RA’s announcement on Wednesday that electricity fees paid...

Bermuda’s balance of payments current account surplus fell $41 million to $201 million in the third quarter compared to the same period in 2019. This is a measure of Bermuda’s trade with the rest of the world. The decrease in the surplus was due main...

The inflation rate was zero in June, meaning consumers paid the same as they did a year earlier for a basket of goods and services. It was the second monthly Consumer Price Index report this year to show a zero inflation rate, after April, the month ...

The rate of inflation fell to 0.3 per cent in March, its lowest level since May last year. In March, the inflation rate was 0.6 of a percentage point lower than it had been in February. Between February and March, the average cost of goods and servic...

Retail sales edged 1.1 per cent higher in February than in the same month last year, after adjustment for inflation. Food stores recorded the largest volume increase of 5.6 per cent. Retailers partly attributed the higher sales volume to the extra sh...

Consumers paid 0.9 per cent more in February 2020 than they did a year previously for the basket of goods and services included in the Consumer Price Index. The level of inflation decreased 0.1 of a percentage point from January 2020. Between Januar...