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Bermuda’s balance of payments surplus was $763 million in 2019, with the value of goods and services sold by the island to the rest of the world easily dwarfing the value of goods and services the island bought from overseas. However, the surplus was...

Bermuda will be the new stage for an international youth golf tournament next year, the tourism minister announced yesterday. Zane DeSilva said the Bermuda Junior Championship would be held as a part of a four-year deal agreed between the Bermuda Tou...

The Bermuda Employers’ Council has backed the new labour minister’s plans to include employers and workers in discussions to kick-start the economy. Keith Jensen, the president of the BEC, said: “This is the foundation of the tripartite system for co...

Saturday’s Royal Gazette contained a feast of articles each articulating an economic fallacy about present-day Bermuda. They were entitled: • “Workers to be allowed to suspend pension payments” • “Burt: tourists to pay for their Covid-19 tests” • “D...

Retail sales jumped 3.5 per cent in March, helped by a 24.3 per cent rise in the volume of food sales as many people stocked up ahead of restrictions because of the Covid-19 pandemic. Supermarkets, petrol stations and pharmacies were among the “essen...

Moody’s Investors Services has affirmed Bermuda’s A2, with the outlook remaining stable. The news was welcomed by Curtis Dickinson, the Minister of Finance, who said: “According to Moody’s, the key drivers for the rating affirmation are the Governmen...

“I still think we are going to have the worst recession since the Great Depression” — Mohamed El-Erian, Allianz, Chief Economic Adviser “While there is never a good time for a pandemic, the Covid-19 crisis has arrived at a particularly bad moment fo...

Slashing hotel room rates, implementing a blockchain-based system for infrastructure, using home-grown Christmas trees and building a cannabis industry were among ideas for boosting the economy that readers have shared. The Royal Gazette invited sugg...

A total of two thirds of residents said they believed Bermuda would bounce back from the economic havoc caused by the coronavirus crisis, a survey has found. However, 94 per cent of those quizzed admitted they were worried about the prospect of a rec...

The government emergency unemployment benefits scheme set up over the Covid-19 crisis could be extended, The finance minister signalled yesterday. Curtis Dickinson said the programme, at first scheduled to run for 12 weeks, is being “assessed”. Mr Di...

The grocery Industry is an obvious essential component of Bermuda’s day-to-day life. Keeping Bermuda’s people fed and healthy is a responsibility taken very seriously. The system is a flow of food stuffs from producers to wholesalers (local or overse...

Business leaders pleaded with the Government yesterday to slash red tape to get people back to work — and help stave off the collapse of companies hard hit by the Covid-19 pandemic. The Bermuda Chamber of Commerce warned that the economy was in dire ...