110 results returned for search: "" category "News" author Jonathan Kent
Fitch Ratings has downgraded the Bermuda Government’s credit rating by a notch, but predicts a return to economic growth for the Island next year.
The Island’s long-term bond rating from Fitch is now A+, the fifth-highest investment grade, down from ...
DATE: May 31, 2014
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AUTHOR:
Jonathan Kent
Fitch Ratings has downgraded the Bermuda Government’s credit rating by a notch, in the wake of a fifth consecutive year of recession in 2013.
In its commentary, the rating agency says Bermuda has a weak fiscal position, given Government’s large debt ...
DATE: May 30, 2014
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AUTHOR:
Jonathan Kent
Bermuda’s AA- credit rating has been affirmed by Standard & Poor’s Rating Services — but the negative outlook on the rating remains in place.
Finance Minister Bob Richards said he “expected” Standard & Poor’s affirmation of Bermuda’s long- and short-...
DATE: Apr 01, 2014
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AUTHOR:
Jonathan Kent
Belco has put forward a change to its facilities charge that would cut electricity bills for nearly half of its residential customers — but more than one in four households would end up paying more.
Those who consume the least electricity will benefi...
DATE: Mar 07, 2014
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AUTHOR:
Jonathan Kent
Belco has put forward a proposal to cut its facilities charge for residential customers who use the least electricity — which could result in a lower electricity bill for an estimated 44 percent of households.
However, the 28 percent of households wh...
DATE: Mar 06, 2014
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AUTHOR:
Jonathan Kent
Bermuda expects to see 21,000 more cruise ship visitors in 2014 than this year, Tourism and Transport Minister Shawn Crockwell said today.
Mr Crockwell said in the House of Assembly this morning that the Norwegian Breakaway will make 22 visits to the...
DATE: Nov 22, 2013
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AUTHOR:
Jonathan Kent
Health Minister Zane DeSilva admitted yesterday there had been a lack of financial controls in the Health Insurance Department, which had led to an “unacceptable” situation.
As he tabled six years of financial statements relating to government-run he...
DATE: Jul 21, 2012
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CATEGORY:
Health
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AUTHOR:
Jonathan Kent
Government spent nearly $276 million more than it took in revenues in the fiscal year ending March 31, 2011, according to accounts tabled today in the House of Assembly.
Current account expenses, which include non-cash items, were $1.27 billion. Curr...
DATE: Feb 17, 2012
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AUTHOR:
Jonathan Kent
Bermuda Motors has made five redundancies in its spare parts and sales departments, The Royal Gazette can reveal.
The company said the job losses came as a result of “the review of the Bermuda Motors business model, changes in the current economic en...
DATE: Oct 05, 2011
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Other
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AUTHOR:
Jonathan Kent
Bermuda’s economy has been hit much harder than Government expected by the economic downturn, as gross domestic product (GDP) fell by 5.8 percent in 2009 — or 8.1 percent when inflation is taken into account.
The figures, released today, show that Fi...
DATE: Dec 03, 2010
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AUTHOR:
Jonathan Kent
