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Bermuda is no longer projected to have a budget surplus this fiscal year. Forecast revenue and expenditure figures indicate a $1.1m deficit is now likely when the fiscal year ends on March 31. An upwards revising of how much interest is being paid on...

This year has been a missed opportunity for the Bermuda Government to apply tax reforms, not only because of a further delay in meeting its target for a budget balance, but also because of the “de facto easing of its fiscal targets” by suspending con...

Top sales and rental agents for the year at Rego Sotheby’s International Realty have been presented with awards. Buddy Rego, president of the firm, said: “We are excited to celebrate those agents who have performed well and contributed to our success...

If you need to schedule a meeting with entrepreneur Kasci Stoneham, you might have to wait until after her nap. Kasci is only four years old and still in preschool. She and her mother, Kadijah Lee-Smith started Hands on By Kasci a year ago, selling s...

The Ministry of Finance has reported the first half fiscal performance for 2019-20. Among the highlights are: • Total revenues of $545.4 million, which is up $7.9 million compared to the first half of the fiscal year 2018-19. • Total expenditure of $...

Proposed changes to the investment fund regime have been discussed by the members of Alternative Investment Management Association Bermuda. Economic substance guidance notes and the economic substance regulations are expected to be released before De...

There were no trades on The Royal Gazette/BSX Index in a shortened trading day before the holidays. The index was unchanged at 2,380.37, while the BSX Insurance Index was down 19.77 points, or 1.14 per cent, at 1,719.27. On the New York Stock Exchang...

A combined ratio averaging above 100 per cent for a five-year period, and with a $318 million loan repayment on the horizon, AM Best has decided to revise its outlooks to negative for Qatar Insurance Company QSPC, and its Bermudian-based subsidiary Q...

Raise your hand if you feel confident about your finances. Not feeling it? That’s OK. In American, 60 per cent of citizens are living paycheque to paycheque, while there are 81.6 million paying off student loan debt. It’s hard to feel confident when ...

You can do the time without doing the crime at “Casemates”, the new escape game opening today at Locked on the Rock in Royal Naval Dockyard. The game is the third offered by “Locked” owners Nathan Swan and Ian Redford. The business launched in March ...