Log In

Government trimmed its current-account spending by more than seven percent and booked an increase in revenues during the first quarter of its fiscal year, the Ministry of Finance revealed today. Finance Minister Bob Richards said in yesterday’s fisca...

Digicel has fired the latest shot in the battle for market share in the liberalised telecommunications market. Yesterday, the wireless services provider said it would offer Netflix — the provider of streaming movies and TV shows via the internet — fr...

Government trimmed its current-account spending by more than seven percent and booked an increase in revenues during the first quarter of its fiscal year, the Ministry of Finance revealed today. Finance Minister Bob Richards said in yesterday’s fisca...

Bermuda-domiciled energy shipper Teekay LNG Partners has finalised agreements with a Chinese partner to provide six icebreaker liquefied natural gas (LNG) tankers for transporting gas from northern Siberia. The company last night declared its second-...

Many borrowers continue to struggle to make loan repayments, according to the latest figures on the banking sector published by financial regulator the Bermuda Monetary Authority (BMA). Non-performing loans (NPLs) — defined as loans in which borrower...

An international law firm which specialises on servicing the insurance industry is considering opening an office in Bermuda next year — and is already talking with candidates to staff it. Nelson Brown Hamilton & Krekstein LLC (Nelson Brown & Co) has ...

Soaring health insurance premiums are a major driver of the increase in the cost of living, the latest Government statistics reveal. The Consumer Price Index, released by the Department of Statistics today, showed there was an average increase of 8.2...

More than 1,200 Bermuda-based banks, trust companies, insurers and investment entities have signed up with the US tax authorities to comply with a law designed to fight tax dodging by Americans. The US Treasury announced yesterday that about 77,000 b...

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 ...

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 ...