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“The largest increase came in the health and personal care sector and remained the largest contributor to the 12-month rate of price increases at 7.7 percent.” The report added: “The food sector along with the transport and vehicles sectors also impa...

A major conference on global Islamic finance in London was “very encouraging” for Bermuda, Premier Craig Cannonier said last night. Now Government plans to invite key players from the multibillion dollar Islamic financial work to the Island in a bid ...

Planning a barbecue? Expect to pay more with leading price increases in grocery stores reported for soft drinks at 11.4 percent, frozen spare ribs at 8.9 percent and mayonnaise at 5.4 percent. These were some of the food price changes in grocery stor...

Big business has backed a relaxation of the rule ensuring majority Bermuda ownership of local companies. The Association of Bermuda International Companies (ABIC) said that the Budget pledges to review of the 60/40 rule, support for the Bermuda Busin...

Although several people on the streets of Hamilton said they had not had time to read up on Friday’s Budget, a few did offer their thoughts on what Finance Minister Bob Richards presented to the Island on Friday. Stratton Hatfield, 28, said that whil...

Bankers have declined an opportunity to reply to an attack by Finance Minister Bob Richards on their lending and interest policies as a drag on Bermuda’s recovery from recession. Bermuda Bankers’ Association chief Brendan McDonagh, the chairman and C...

Premier Craig Cannonier last night hailed the recently unveiled budget as setting the Island on the road to recovery. The 2014/15 Budget, tabled by Finance Minister Bob Richards on Friday, cuts public spending by $70 million and promises no Governmen...

The Bermuda Government will pay more than $310,000 per day in interest on its growing mountain of debt in the coming fiscal year. And despite the $70 million of cuts in public spending announced yesterday, next year’s Budget will run a projected defi...