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Plans aimed at powering Bermuda out of the economic slump triggered by the Covid-19 pandemic were unveiled by the Government yesterday. The Throne Speech delivered by Governor Rena Lalgie on behalf of the ruling PLP administration focused on building...

The Throne Speech was as heavy on the rhetoric of solidarity as it was light on the details of recovery. It took Rena Lalgie, the Governor, 8,241 words to say not very much at all. Not her fault as, apart from a few thoughts of her own tacked on at t...

The Opposition One Bermuda Alliance has questioned why a private accounting firm has been drafted in to oversee Government’s economic recovery plan. Marcus Jones, the shadow minister for economic development, also expressed concern that the plan appe...

An accounting and auditing heavyweight is to lead the Government’s economic recovery plan, the finance minister revealed yesterday. Curtis Dickinson said financial services firm KPMG had been selected as the project manager for the plan, outlined in ...

Two locations have been identified as possible sites for an offshore wind farm, according to an initial report. But further studies need to be carried out before it can be decided if the project to bring sustainable energy to the island is viable. Th...

International business has become the island’s largest employer, according to the latest job statistics. Civil Servants make up the second largest job category following an increase in employment in the sector in each of the past three years. But job...

More than 1,900 jobs were lost last year as the Covid-19 pandemic ravaged the economy, the Minister for the Cabinet Office revealed yesterday. Wayne Furbert said that total jobs filled declined by 1,951 jobs or 5.7 per cent from 34,378 jobs in 2019 t...

An Opposition MP demanded answers from the Government yesterday on the future of a major hotel. Craig Cannonier, the shadow tourism minister, said the Government had a duty to reveal if the shuttered Elbow Beach hotel was on the market – and what act...

The retail sector hit back last night at a government minister’s claim that they failed to provide good value. The Chamber of Commerce also questioned why the Government had gone into partnership with a US-based firm to ship foreign-bought goods to t...

Today, The Royal Gazette reports on a gloomy report from Bermuda financial adviser Anchor Investment Management, which confirms what many people will already have felt in their wallets: the Bermuda economy’s rebound has stalled. After the Covid-19 l...

Bermuda’s inflation rate may be four times higher than the Government’s official Consumer Price Index, according to a Bermuda investment firm. Anchor Investment Management also warned its investors that it expects inflation to stay at 5 per cent or ...

The Bermuda Tourism Authority will put out a request for proposal to rebrand the island’s tourism industry, according to a report by the Public Accounts Committee. The report, tabled in the House of Assembly, said it was hoped that a Bermuda firm wou...