Log In

Efforts to rejuvenate Bermuda’s economy are underway, and the first green shoots of progress should become visible this year. So says Economic Development Minister Dr Grant Gibbons, who has a pivotal role to fulfil in helping turn around the Island’s...

A fifth year of recession is officially forecast by Government in the National Economic Report of Bermuda for 2012, released yesterday. The Ministry of Finance estimated that Bermuda’s GDP will decline in the region of 1.5 to 0 percent this year and ...

Bermuda could tap into a multibillion dollar economic business model, if the Island can find a way to capitalise on a ‘blue economy’. The ‘blue economy’ phrase has been mentioned several times over the last year, most recently in Friday’s Throne Spee...

Finance Minister Bob Richards said yesterday that “shared sacrifice” was necessary to tackle Bermuda’s escalating debt but that the new One Bermuda Alliance Government would honour its pre-election pledge to not lay off any civil servants. However, h...

Finance Minister Bob Richards has responded to criticism about the use of politically appointed consultants by Premier Craig Cannonier. At yesterday’s press conference, he said a review of consultants and contractors in the civil service is being con...

Government revenues plunged nearly ten percent in the third quarter of last year as the flagging economy continued to strangle the inflow of funds into the public coffers. But during the same July-through-September quarter, Government increased its c...

A researcher at the Bermuda Monetary Authority (BMA) says the global financial crisis has hit Bermuda harder than the rest of the world. Dr Marcelo Ramella is the deputy director of policy, research and risk at the BMA. He’s a CPA, has an MBA from t...