550 results returned for search: "" category ("Economy" AND "Business")
The Ministry for the Cabinet Office released the September 2021 Consumer Price Index (CPI) from the Department of Statistics.
In summary, during September 2021 consumers paid 2.2 per cent more than they did in September 2020 for the basket of goods a...
DATE: Dec 23, 2021
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CATEGORY:
Economy
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AUTHOR:
Business Staff
‘Twas the market before Christmas and returns have lacked depth,
With equities rallying with horrible breadth.
Global warming was discussed with thought and great care,
As COP 26 added measures to clean the world’s air.
Premier Burt lies nestled all ...
DATE: Dec 20, 2021
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CATEGORY:
Economy
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AUTHOR:
Nathan Kowalski
The Government will update the Financial Policy Council (FPC) today on work being done to understand and assess the potential impact of the global tax agreement on Bermuda.
A government statement last night said: “The Ministry of Finance will have th...
DATE: Dec 16, 2021
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CATEGORY:
Economy
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AUTHOR:
Business Staff
Members of the retail and restaurant divisions of the Bermuda Chamber of Commerce have teamed up for a special promotion this month.
Until December 12, participating establishments will offer the 75/10 Holiday Promotion to entice shoppers and diners ...
DATE: Dec 03, 2021
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CATEGORY:
Economy
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AUTHOR:
Business Staff
The economy suffered the deepest contraction in living memory last year, the latest statistics revealed last night.
The 2020 report on Bermuda’s Gross Domestic Product said the economy contracted by 6.9 per cent in real terms as the Covid-19 pandemi...
DATE: Nov 27, 2021
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CATEGORY:
Economy
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AUTHOR:
Business Staff
Inflation slowed its upward trajectory in the year to August, in figures released by the Government.
The Ministry for the Cabinet Office released the August 2021 Consumer Price Index (CPI) from the Department of Statistics.
The ministry said that dur...
DATE: Nov 22, 2021
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CATEGORY:
Economy
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AUTHOR:
Business Staff
Overseas purchases by Bermuda residents jumped to $25.6 million in July, an increase of $6 million year-over-year.
The jump was reported in the monthly Retail Sales Index Report released on Friday by the Ministry of the Cabinet Office.
The 30.6 per c...
DATE: Nov 22, 2021
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CATEGORY:
Economy
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AUTHOR:
Duncan Hall
Balance of payments figures released by the Government show a current account surplus of $313 million in the second quarter of 2021 — a $37 million increase year over year.
The growth in the surplus reflected an increase in the inflow of currency to ...
DATE: Nov 10, 2021
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CATEGORY:
Economy
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AUTHOR:
Business Staff
Bermuda’s annual inflation rate increased at the highest rate in four years in July, increasing to 2.2 per cent.
The rise was a full percentage point higher than June’s figure of 1.2 per cent and the highest since inflation hit 2.4 per cent in March...
DATE: Nov 09, 2021
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CATEGORY:
Economy
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AUTHOR:
Business Staff
The volume of retail sales was 5.9 per cent higher in June than in June 2020, after adjusting for the retail sales rate of inflation, measured at 1.9 per cent in the month.
The uptick was attributed mostly to increased spending on-island by resident...
DATE: Oct 15, 2021
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CATEGORY:
Economy
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AUTHOR:
Business Staff
