155081 results returned for search: "" category "News"
The One Bermuda Alliance has accused David Burt, the Premier, of presiding over an irresponsible and electioneering Budget.
Cole Simons, the Opposition leader, yesterday warned voters not to fooled by the Premier’s “sweet melodies”.
He claimed the bl...
DATE: Feb 26, 2022
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CATEGORY:
Budget
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AUTHOR:
Shaun Connolly
A $1 million boost to start upgrading the island’s CCTV network was announced in the Budget.
David Burt, the Premier and finance minister, said the cash would be used to start “the installation of the new island-wide CCTV system that was promised in ...
DATE: Feb 26, 2022
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CATEGORY:
Budget
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AUTHOR:
Sarah Lagan
The police and fire service yesterday got increased budgets – although they will still get less than they did two years ago.
The Ministry of National Security’s was allocated $62.1 million for policing – an increase of $860,000 compared with last yea...
DATE: Feb 26, 2022
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CATEGORY:
Budget
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AUTHOR:
Owain Johnston-Barnes
The Government has spent more than $100 million to help the public and businesses weather the Covid-19 storm, the Premier said.
David Burt said that, because the pandemic went on longer than expected, the cost of Covid-19 expenditure during the 2021-...
DATE: Feb 26, 2022
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CATEGORY:
Budget
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AUTHOR:
Sékou Hendrickson
The Budget Speech had a mixed reaction from the small business community yesterday.
Budding entrepreneur, Ahmani Peets, expressed disappointment that there would be no import duty relief in the coming year.
The 19-year-old has been running Ahmani’s...
DATE: Feb 26, 2022
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CATEGORY:
Budget
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AUTHOR:
Jessie Moniz Hardy
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
