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The Bermuda Chamber of Commerce said the proposal to flip the 60:40 rule that guaranteed majority Bermudian ownership of companies to 40:60 “requires more examination”. Curtis Dickinson, the Minister of Finance, said in his Budget speech yesterday th...

A 19-year-old man will appear in the Supreme Court for three sex assault charges. The teen was charged in Magistrates’ Court yesterday with two counts of unlawful knowledge of a girl aged under 14 and one count of luring. The offences were alleged to...

A co-operative fishery was pledged $1.5 million towards its setting up costs. The cash — spread over two years — will be used to create a fishing industry base at Southside, St David’s. The project, to be managed by the Bermuda Economic Development C...

The newly appoined shadow finance minister highlighted the Government had delivered a Budget deficit after it promised a surplus. Patricia Gordon-Pamplin also said she was concerned by a plan to increase capital spending by $20 million while the isla...

A 41-year-old man has been charged with drink-driving and refusal to take a breath test. Chris Furbert Jr pleaded not guilty to the charges at Magistrates’ Court on Thursday. It alleged Mr Furbert was caught drink-driving in St George’s on July 31 an...

A $1.9 million boost to spending on health will help treat people with mental health problems, it was revealed in the Budget yesterday. Curtis Dickinson, the Minister of Finance, explained that the Ministry of Health budget was “among the few” that w...

Compensation for customers who lose broadband and telephone services is to be added to a draft consumer protection document. The Regulatory Authority said it would revisit its Preliminary Report for the Principles of Consumer Protection for the “sign...

The decades-old 60:40 rule designed to guarantee Bermudian majority ownership of companies is to be axed and no new taxes will be imposed. Curtis Dickinson, the Minister of Finance, said in his Budget Statement that the 60:40 numbers would be reverse...

The Budget was designed to find ways to put more money in the pockets of Bermudians, the finance minister said yesterday. Curtis Dickinson told The Royal Gazette that a proposed cut to the payroll tax rate on income up to $48,000 and no new taxes wer...

Cash will be invested in information technology to boost government efficiency, the finance minister pledged yesterday. Curtis Dickinson made several references to the need for more effective ways of working in his Budget speech. He told the House of...