583 results returned for search: "" category ("Economy" AND "Business")
The Civil Service must be cut after the coming fiscal year, Finance Minister Bob Richards warned as he outlined the advantages of mutualisation or privatisation.
Staff layoffs will be inevitable unless “non-core functions” are outsourced after 2014/1...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Tim Smith
The days of the 60/40 ownership rule appear numbered after Finance Minister Bob Richards declared it was blocking foreign investment which could restore Bermuda to prosperity.
In his Budget Statement, Mr Richards described the regulation — which guar...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Tim Smith
A programme of cuts in public spending of more than $70 million was yesterday announced by Finance Minister Bob Richards.
And he signalled further expenditure cuts of 15 percent over the next three years — but said that there would be no public servi...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Fees for medical services in Bermuda will be slashed by more 45 percent in the next year, Finance Minister Bob Richards announced in the Budget.
Just $10.07 million is expected to spent compared to $18.53 million last year.
And Government’s reliance...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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The number of jobs in Bermuda fell by 921 last year, preliminary data from a survey of businesses shows.
But the Ministry of Finance is projecting that Bermuda’s economy is likely to emerge from a five-year recession in the second half of this year w...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Jonathan Kent
Government is pumping an additional $9 million into its financial assistance programme in order to help struggling Bermudians living on the poverty line.
Community and Cultural Affairs Minister Wayne Scott is expected to make a formal request for the...
DATE: Feb 21, 2014
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CATEGORY:
Economy
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AUTHOR:
Gareth Finighan
Former Premier Alex Scott has warned that Budget cuts should not hit the most vulnerable people in Bermuda.
And he said savings could be made through more efficient Government — rather than through large-scale job losses or privatisation.
He added th...
DATE: Feb 20, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Union chief Kevin Grant says the Budget should concentrate on building the economy — not cutting jobs.
Mr Grant — president of white collar union the BPSU — added that a multimillion pound cutback programme that involved the loss of hundreds of Civil...
DATE: Feb 20, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
More than $100 million could be slashed from Government expenditure in Friday’s Budget, an economics expert said yesterday.
Consultant Peter Everson predicts that Finance Minister Bob Richards will aim for larger cuts than those proposed by the SAGE ...
DATE: Feb 19, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Only a day after an industrial dispute that brought buses and ferries to a standstill was resolved, Government met with union leaders and employers groups to continue discussions on shared sacrifice.
The Tripartite Economic Committee gathered on Frid...
DATE: Feb 10, 2014
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CATEGORY:
Economy
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AUTHOR:
Owain Johnston-Barnes
