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Economy (general)

Economy

"Fitch: UK on course to keep triple-A rating"

LONDON (Reuters) - Britain’s prized triple-A credit rating will likely stay in place even if there is some slippage in the government’s growth forecasts providing its debt reduction plans remain on track, Fitch credit ratings agency said yesterday. B...
Oct 11, 2011
Other

"Bermudians urged not to be hostile towards our guest workers"

Guest workers are “team mates,’ a top businessman stressed during a public debate on the economy. The forum, on Thursday, heard numerous complaints aired by Bermudians who feel excluded from local jobs and would like to see fewer expatriates on the I...
Oct 08, 2011
Other

"Jobs the focus at economic forum"

“Why can’t qualified young Bermudians get jobs, why are there so many foreign waitresses and why aren’t carpenters protected by stronger immigration rules?” Those were some of the questions posed by ordinary citizens as they grabbed the opportunity t...
Oct 07, 2011
Politics

"OBA in call for term limit freeze"

The One Bermuda Alliance has outlined a raft of emergency measures aimed at turning the economy around, accusing Government of “running out of ideas and energy”. Shadow Finance Minister ET (Bob) Richards said yesterday that immediate steps need to be...
Oct 07, 2011
Politics

"PLP rejects OBA plans"

The Progressive Labour Party last night rejected economic recovery plans by the One Bermuda Alliance, saying they would “sell Bermuda out to foreign inetrests”. Describing the policies as the sameproposed by the former United Bermuda Party, a PLP st...
Oct 07, 2011
Politics

"Duty hike ‘won’t help retailers’"

Making returning travellers pay more Customs duty at the airport might help Government raise money, but is unlikely to help local retailers, according to Bermuda residents. Duty for items declared by returning residents at the airport is to increase ...
Oct 04, 2011
International Business

"Cox to speak at Business Bermuda event in New York"

Premier Paula Cox will be a guest speaker when Business Bermuda stages its Annual New York Financial Services Conference on Wednesday at the Harvard Club of New York. The Premier will be introduced by the Governor, Sir Richard Gozney. The conference...
Oct 03, 2011
Editorials

"Relief for retailers"

Premier Paula Cox’s announcement that payroll tax will be frozen for retail workers for the next six months is welcome news. This newspaper has been advocating actions of this kind for some time, and anything that will help local businesses keep peop...
Oct 03, 2011
Other

"53% of voters say economy is biggest issue"

More than half of residents think the economy is Bermuda’s biggest issue and only 11 percent have confidence in the way things are headed, according to a new poll. A Mindmaps poll conducted for The Royal Gazette in July has found that the economy/ u...
Oct 01, 2011
Other

"Premier announces new measures to aid retail"

Premier Paula Cox today announced measures intended to aid the suffering retail sector. Payroll tax relief and a rise in duty for residents returning from travel abroad, were among the initiatives revealed at a press conference this morning. Retailer...
Sep 30, 2011
Economy

"Economy gaining but not enough to cut unemployment"

WASHINGTON (AP) The US economy is showing signs of modest improvement not enough to reduce high unemployment but enough to ease fears that another recession might be near. Fewer people applied for unemployment benefits last week, though some of that ...
Sep 30, 2011
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