677 results returned for search: "" category ("Budget" AND "News")
Bermuda can expect to grow the economy by 2.5 to 4.5 per cent from next year, the Government’s National Economic Report of Bermuda has predicted.
The 2021 report, released alongside the annual Budget statement, said the island could expect an increa...
DATE: Feb 26, 2022
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CATEGORY:
Budget
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AUTHOR:
David Fox, Business Editor
Workers at the Fairmont Southampton will get increased wages because of a new collective bargaining agreement highlighted in the Budget statement.
But the hotel may initiate layoffs if occupancy falls below 85 per cent compared with the 75 per cent t...
DATE: Feb 26, 2022
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CATEGORY:
Budget
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AUTHOR:
Sarah Lagan
Bermuda’s fintech-friendly policies have made the island a global leader in the industry, the Premier said yesterday.
David Burt, also the finance minister, said during a breakdown of the 2022-23 Bermuda Budget that three digital asset businesses had...
DATE: Feb 26, 2022
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CATEGORY:
Budget
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AUTHOR:
Sékou Hendrickson
The burden of the high costs of labour and doing business in Bermuda will be lightened for hotel developers by an extension of concessions, the Premier said.
David Burt, also the Minister of Finance, highlighted that some Caribbean destinations offer...
DATE: Feb 26, 2022
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CATEGORY:
Budget
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AUTHOR:
Fiona McWhirter
Reduced electricity bills could be in the pipeline if government revenue and expenditure pan out as predicted this year.
The pledge was one of several relief measures promised by David Burt, the Premier and finance minister, during yesterday’s Budget...
DATE: Feb 26, 2022
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CATEGORY:
Budget
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AUTHOR:
Gareth Finighan
Employment opportunities in international business have grown in the past year as overall employment levels fell by 3.9 per cent.
David Burt, the Premier, said in his Budget Statement that the number of people employed in IB had risen from 4,240 to 4...
DATE: Feb 26, 2022
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CATEGORY:
Budget
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AUTHOR:
Owain Johnston-Barnes
A plan to promote domestic investment was announced in the 2022-2023 Budget Statement.
Under a section titled Bermuda’s Demographic and Population Problem, David Burt, the Premier, claimed the plan would boost employment while increasing the island’s...
DATE: Feb 25, 2022
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CATEGORY:
Budget
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AUTHOR:
Sarah Lagan
Local businesses and service providers have been paid almost $75 million by government on behalf of people on financial assistance,
And the Department of Financial Assistance’s payments to supermarket chains have been questioned by one of the island...
DATE: Jul 07, 2021
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CATEGORY:
Budget
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AUTHOR:
Jonathan Bell
A bill of $5.3 million for unemployment benefits in just three months highlighted the economic impact of the latest coronavirus outbreak, the finance minister said yesterday.
Curtis Dickinson said benefits had been paid to 4,938 people since March an...
DATE: May 25, 2021
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CATEGORY:
Budget
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AUTHOR:
Jonathan Bell
The Opposition Senate Leader has called for a change in how the Senate handles budget debates.
Ben Smith said that while the Opposition determines what ministries are debated in the budget debate and the duration of the debates, there is not always a...
DATE: Mar 25, 2021
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CATEGORY:
Budget
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AUTHOR:
Owain Johnston-Barnes
