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Dockyard’s controversial Heritage Wharf project is expected to go more than $6 million over its original budget. Public Works Minister Patricia Gordon-Pamplin last Friday told Parliament that the project’s target price increased from an original $22....

Finance Minister Bob Richard’s recent trip to the UK to put forward Bermuda’s position on beneficial ownership cost the public purse just over $9,000. Mr Richards was in London between November 9 and 14 ahead of the Overseas Territories Joint Ministe...

Those who neglected to protect public funds during the multimillion-dollar Port Royal Golf Course restoration “must” be held to account, according to Auditor General Heather Jacobs Matthews. The financing watchdog said the project, which ran up a bil...

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...