113 results returned for search: "" category "News" 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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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
THURSDAY, DECEMBER 2: Premier Paula Cox today signed a tax information exchange agreement with China in a ceremony at Camden.
After she and Wang Li, the deputy commissioner of China’s State Administration of Taxation, had inked the documents, Ms Cox ...
DATE: Dec 02, 2010
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AUTHOR:
Jonathan Kent
Business will go where the environment is predictable and friendly, according to
Ace Ltd boss Evan Greenberg.
In a rare interview, the chairman and chief executive officer of the global insurance giant told The Royal Gazette that the high cost of do...
DATE: Dec 01, 2010
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AUTHOR:
Jonathan Kent
Fitch Ratings has affirmed Bermuda's credit rating at AA+, just one notch below the top AAA grade.
The ratings agency's decision is important as it means Government will avoid any increase in borrowing costs that would have come with a downgrade.
In ...
DATE: Nov 23, 2010
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AUTHOR:
Jonathan Kent
Retailers continued to feel pain from the Island's shrinking appetite for spending in September.
The Retail Sales Index, published yesterday by the Department of Statistics, showed that retail spending on the Island fell 5.9 percent to $82.7 million....
DATE: Nov 17, 2010
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AUTHOR:
Jonathan Kent
Butterfield Bank made a net loss of $18.6 million in the third quarter as problem loans to hotels ate into earnings.
The bank made provisions of $14.2 million against the loans to hospitality projects in Bermuda and The Bahamas. It also booked a prev...
DATE: Nov 04, 2010
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AUTHOR:
Jonathan Kent
Bermuda’s balance of payments surplus grew by 50 percent year on year to $269 million in the second quarter.
The surplus, which represents transactions between Island entities and the rest of the world, grew by $90 million compared to the same period...
DATE: Oct 21, 2010
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AUTHOR:
Jonathan Kent
Francis Mussenden will retire tomorrow as president and chief executive officer of the Bermuda Telephone Company, ending a 35-year career with the firm.
He will be replaced by Lloyd Fray, CEO of M3 Wireless and Logic Communications and a director of ...
DATE: Aug 31, 2010
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AUTHOR:
Jonathan Kent
