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A dedicated task force based in the Cabinet Office will be formed to drive Bermuda’s economic recovery as the pandemic eases , the Premier said today. David Burt told the House of Assembly that a recovery plan had been devised to renew the economy a...

A new immigration policy designed to attract investors in Bermuda could hurt condominium sales, a top real estate has warned. Buddy Rego, of Rego Sotheby’s International Realty, said non-Bermudians must have a Permanent Residents’ Certificate to purc...

The Budget will help diversify the economy and increase the workforce without a hike in the national debt, the finance minister said at a press conference today. Curtis Dickinson renewed his pledge that there would be no new taxes in the next 12 mont...

There are almost 3,000 fewer jobs on the island than a year ago, the Premier said yesterday. But David Burt predicted last Friday’s Budget laid the foundations for an economic recovery that would diversify the economy and get Bermudians back to work....

Bermuda’s financial liabilities stretch far beyond its net debt of $3 billion. It is estimated a further $1.5 billion to $1.7 billion of unfunded liabilities are stored up in the Public Sector Superannuation Fund, the Ministers and Members Legislatur...

I remember the Golden Hinds fiasco perhaps 30 or so years ago, where a feud between a couple of United Bermuda Party government ministers destroyed an opportunity to develop that property into a brand-new, luxury Ritz-Carlton. The development was fi...

Government spending will top the $1 billion mark in the next financial year, the Minister of Finance revealed yesterday. Curtis Dickinson said that estimated revenue for the year was $998.8 million and that a Budget deficit of $124.5 million would be...

Almost 3,000 jobs were lost last year as the pandemic wreaked economic havoc across Bermuda, Government said yesterday. With the Bermuda economy contracting by an estimated 8.5 per cent, the near Depression scale downturn was thought to have cost 2,9...

The Government’s plans for economic recovery over the in the new financial year were branded “aspirational and low on detail” by the One Bermuda Alliance yesterday. Cole Simons, the Leader of the Opposition, said Bermuda’s debt combined with pension ...

Proposed spending cuts included in the 2021/22 Budget statement could be tough to maintain, an economist warned yesterday. Peter Everson, a businessman and former president of the Chamber of Commerce, said: “The hard part, as always, is will the Gove...

The Budget does very little to help the non-profit sector, charity leaders said yesterday. Jennifer Burland-Adams, the co-chair of the Non-Profit Division of the Chamber of Commerce, said that she was “disappointed” workers with registered charities ...

The Government has committed to a $10 million guarantee to support further development of the Bermudiana Beach Resort in Warwick. In his Budget speech, Curtis Dickinson, the Minister of Finance, said the redevelopment of the property – originally ere...