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Bermuda’s current account fell by $108 million in the second quarter of the year compared to the same period in 2013, the latest Government figures have revealed. The current account stood at $215 million in the quarter which finished at the end of J...

Government has renewed a private company’s contentious contract to carry out emissions testing on all vehicles — despite having yet to legislate on acceptable levels of air pollution. Bermuda Emissions Control Ltd (BECL) was awarded a five-year multi...

Sweeping budget cuts across the Ministry of Community, Culture and Sport have been decried as “uncaring” by the Progressive Labour Party. Shadow Minister Michael Weeks also questioned how the Mirrors youth development programme, which Government seek...

Introducing corporate income tax could cripple international business and would need “an army” of Civil Servants to run it, Premier Craig Cannonier said last night as he responded to the Opposition’s reply to the Budget. However, late last night Shad...

Shadow Finance Minister David Burt has called for both political parties to work together to help reassure investors that a change in Government would not mean a change in policies affecting big business. “There is always scope to work — internationa...

Shadow Finance Minister David Burt says Bermuda must be more aggressive in order to break the “vicious economic cycle”. In his official Budget reply, delivered in the House of Assembly, Mr Burt said the Island’s economy is broken and the wait-and-see...

The Opposition is good at identifying problems but is “very vague” at providing solutions to those problems, Education and Economic Development Minister Grant Gibbons said in the House of Assembly. Speaking after Shadow Finance Minister David Burt ha...

Shadow Finance Minister David Burt said Bermuda must be more aggressive in order to break the “vicious economic cycle”. In his official budget reply, delivered in the House of Assembly today, Mr Burt said the Island’s economy is broken and the wait-a...

Big business has backed a relaxation of the rule ensuring majority Bermuda ownership of local companies. The Association of Bermuda International Companies (ABIC) said that the Budget pledges to review of the 60/40 rule, support for the Bermuda Busin...

Although several people on the streets of Hamilton said they had not had time to read up on Friday’s Budget, a few did offer their thoughts on what Finance Minister Bob Richards presented to the Island on Friday. Stratton Hatfield, 28, said that whil...

Union chief Kevin Grant says that a boost for international business on the Island could bring economic benefit — but that Bermudians needed to be sold on the sector. Mr Grant said: “When people hear about people coming to our shore, there is some pu...