153393 results returned for search: "" category "News"
The recession in Bermuda will last a fourth straight year through 2012, according to Government estimates of Gross Domestic Product (GDP).
The National Economic Report of 2011, released yesterday, estimated Bermuda’s GDP would “decline in the region ...
DATE: Feb 25, 2012
|
CATEGORY:
Budget
|
The 2012 Budget offers a significant tax break for homeowners who want to refinance their loans to get a better rate.
Hoping to promote competition among the banks, Government said it removed the stamp duty rate of 0.1 percent for borrowers switching...
DATE: Feb 25, 2012
|
CATEGORY:
Budget
|
The Tourism Ministry purse took a five percent hit in the 2012/13 Budget.
The Ministry’s total budget was reduced from $30.245 million in 2011/12 to $28.7 million, a cut of around $1.5 million.
The bulk of the budget cut will hit Advertising & Promot...
DATE: Feb 25, 2012
|
CATEGORY:
Budget
|
AUTHOR:
Owain Johnston-Barnes
Financial Assistance was given a boost in yesterday’s Budget, but the Mirrors programme suffered another heavy cut.
And the Sandys 360 programme received a $2 million grant to offset its construction costs.
According to the 2012/13 Budget, funding ...
DATE: Feb 25, 2012
|
CATEGORY:
Budget
|
AUTHOR:
Owain Johnston-Barnes
A 24-year-old Pembroke man was fined after officers found rocks of crack cocaine in his pocket.
Kershon Burt, of North Shore Road, admitted possessing the controlled drug on October 20.
Crown counsel Carrington Mahoney told Magistrates’ Court officer...
DATE: Feb 25, 2012
|
CATEGORY:
Court
|
AUTHOR:
Owain Johnston-Barnes
Job creation and training are key priorities as Government bids to revitalise the economy, Premier Paula Cox said yesterday.
The Premier and Economy Minister Patrice Minors both gave updates on a number of job-creating programmes and hinted at more t...
DATE: Feb 25, 2012
|
CATEGORY:
Budget
|
AUTHOR:
Tim Smith
Education Minister Dame Jennifer Smith hinted more preschools could switch locations as she aims to save cash without shedding jobs.
The Education Ministry received a budget of $134 million for 2012/13, up by five percent on the $128 million it was i...
DATE: Feb 25, 2012
|
CATEGORY:
Budget
|
AUTHOR:
Tim Smith
Government plans to raise the debt ceiling by $200 million to accommodate its soaring borrowing requirements, after revenue fell short of projections while expenditure was higher than planned.
The legal limit on what Government can borrow will rise t...
DATE: Feb 25, 2012
|
CATEGORY:
Budget
|
A typical pre-election Budget typically has a few sweeteners thrown in to help secure votes on polling day. But these times are far from typical.
With the economy in the doldrums and Government weighed down by debt, there was little wiggle room for P...
DATE: Feb 25, 2012
|
CATEGORY:
Budget
|
We intend to fight on, was the word from former Premier David Saul after his company lost a long court battle with the Spanish over rights to the one of the richest shipwreck hauls in history.
Odyssey Marine Exploration uses sophisticated marine tech...
DATE: Feb 25, 2012
|
CATEGORY:
Other
|
