110922 results returned for search: "" category ("Other" AND "News")
Public sector workers could be laid off this fiscal year, Finance Minister Bob Richards warned as he lamented the union leadership’s refusal to continue with furlough days.
Mr Richards said job losses could no longer be ruled out as Government trims ...
DATE: Feb 21, 2015
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AUTHOR:
Tim Smith
The Bermuda Government will have to borrow another $125 million in the next fiscal year, adding to its $2 billion-plus of outstanding debts.
Of the $800 million that the Government borrowed less than two years ago to see it through multiple years of...
DATE: Feb 21, 2015
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AUTHOR:
Jonathan Kent
Bermuda’s economy will be strong enough to withstand new tax increases, Finance Minister Bob Richards claimed as he read his Budget Statement to the House of Assembly yesterday.
Mr Richards announced a host of hikes, including the scaling back of con...
DATE: Feb 21, 2015
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Bermuda is likely to emerge from recession this year, according to projections by the Ministry of Finance.
Analysts from the Ministry estimate that the economy will grow by up to 1.5 per cent next year.
In the outlook section of The National Economic...
DATE: Feb 21, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
An intrepid kayaker crowned “People’s Choice Adventurer of the Year” by National Geographic has praised the Island’s people for coming to his rescue.
Aleksander Doba thanked Jim Butterfield and the Bermuda Sloop Foundation as he was presented with th...
DATE: Feb 21, 2015
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Every week hundreds of containers full of fresh produce are loaded onto the Bermuda Islander and the Oleander in New Jersey to be carried across the Atlantic to the Island’s supermarkets.
Often the crews of the two vessels endure treacherous weather ...
DATE: Feb 21, 2015
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A restructured banking sector is on the cards, Finance Minister Bob Richards said yesterday.
Mr Richards, delivering the Budget speech in the House of Assembly, said that banks were still not pulling their weight in helping to kick-start the economy....
DATE: Feb 21, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s crippling debt, the looming threat of redundancies and unpopular tax hikes may dominate news reports, but Finance Minister Bob Richards yesterday insisted that there was room for optimism about happier times ahead.
Unprecedented investor in...
DATE: Feb 21, 2015
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CATEGORY:
Other
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AUTHOR:
Tim Smith
The latest Budget was strong on debt-cutting but short on heart when it comes to Bermuda’s people.
This was the verdict from Martha Dismont, executive director of Family Centre, who asked: “How much are we actually investing in our product, which is ...
DATE: Feb 21, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Bell
Taxes are to go up and spending is to be cut by $33.1 million — and Finance Minister Bob Richards warned that public sector layoffs could come this year.
The grim news came in the annual Budget statement, which imposed 3.5 per cent cuts across the bo...
DATE: Feb 21, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
