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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...

Bermuda seems to be in the early stages of an economic recovery, according to Minister of Finance Bob Richards “There seems to a nascent, fragile, embryonic recovery in Bermuda,” Mr Richards told hundreds of business people at the Fairmont Hamilton P...

Bankers have declined an opportunity to reply to an attack by Finance Minister Bob Richards on their lending and interest policies as a drag on Bermuda’s recovery from recession. Bermuda Bankers’ Association chief Brendan McDonagh, the chairman and C...

Government slashed grants and contributions to a number of organisations in the recently unveiled 2014/15 Budget. According to the 2014/15 Budget, Government intends to spend $293.7 million in grants and contributions in the coming year — $23 million...

Premier Craig Cannonier last night hailed the recently unveiled budget as setting the Island on the road to recovery. The 2014/15 Budget, tabled by Finance Minister Bob Richards on Friday, cuts public spending by $70 million and promises no Governmen...

You asked, Mr Editor, for my take on the 2014/15 Budget. Here you go in no particular order: — First, I thought the Statement was pretty faithful. It followed the One Bermuda Alliance script as we have come to know it since their election. There were...

Bermuda seems to be in the early stages of an economic recovery, according to Minister of Finance Bob Richards. “There seems to a nascent, fragile embryonic recovery in Bermuda,” Mr Richards told hundreds of business people gathered at the The Fairmo...

The newly formed Bermuda Tourism Authority has been handed a $23.1 million Government grant to fund tourism initiatives in the coming year. That figure is $4.2 million — or 15 percent — less than the $27.3 million allocated to Government’s Bermuda De...

The Budget underlined overspending by the OBA, Shadow Finance Minister David Burt said last night. Mr Burt added that Government figures showed it had overspent by $45 million in its first year — despite wage concessions offered by trades unions. And...