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Not surprisingly, the island’s extreme income inequality, severe tax regressivity and exorbitant cost of living provide the perfect cocktail for widespread economic deprivation and poverty. Like many jurisdictions around the world, Bermuda has long r...

More information should be shared with taxpayers about financial support being offered to entrepreneurs and small businesses by the Bermuda Economic Development Corporation, the Senate heard yesterday. Crystal Caesar, Junior Minister of Home Affairs,...

The Bermuda Government wants the island’s population to return to the levels seen in 2006 and 2007, when the island was enjoying an economic boom time. And the Government is listening to the needs of the business community, and looking at ways of low...

An independent assessment has been commissioned to explore the economic impact to the island in the wake of the 35th America’s Cup. PricewaterhouseCoopers has been hired by the ACBDA to conduct a study for completion by October, according to Grant Gi...

Bermuda is to continue work on strengthening and enhancing its reputation as a well-regulated offshore jurisdiction. The Financial Policy Council, a group that advises the Ministry of Finance and the Bermuda Monetary Authority on financial system sta...

The Minster for Economic Development Grant Gibbons outlined the success of the Global Entrepreneurship Week last November. Dr Gibbons also described the Entrepreneur’s Guide to Bermuda Government Concessions, Incentives, Obligations, Grants and Award...

A Request for Proposal has been issued for the Solar Photovoltaic Project on the “Finger” at the LF Wade International Airport, Minister of Economic Development Grant Gibbons announced in Parliament this morning. The project is a joint effort between...

Bermuda could learn a thing or two from our fellow British Overseas Territory, the Cayman Islands. There are many similarities between the two of us, but it is clear that Cayman has been outperforming us economically since the global financial crisis...

Home Affairs Minister Michael Fahy has released the most recent statistics from his Ministry with highlights including 22 new businesses being opened and increases in planning and building permits. The Minister said: “The statistics for 2014 are a po...

Bermuda’s Exclusive Economic Zone (EEZ) will now remain entirely in Bermuda’s hands. The EEZ will be removed from an international declaration that would have placed its stewardship in the hands of a multi-nation Sargasso Sea Commission. Premier Crai...