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Premier Paula Cox will tomorrow table amendments to increase the duty payable on goods bought abroad by residents. The rise, from 25 percent to 35 percent, will apply to goods that accompany travellers and are brought into the Island for their person...

Many potential entrepreneurs and small business owners each year face the daunting task of starting out on their own. Firstly they have to do their market research, draw up a business plan and then secure a loan or overdraft. But often the bank is ov...

Inflation fell to 2.5 percent for the month of August as the cost of healthcare and medicine continued to increase. The Consumer Price Index released yesterday revealed that fuel (12.8 percent increase) and food (2.4 percent) were among the biggest d...

While most of the world’s major markets have been steadily declining over the past year, there has been one investment which has stood the test of these recessionary times. Since 1993 the value of wine has increased 16-fold, easily surpassing its nea...

More people are falling behind with their mortgages as the recession bites deeper. The latest data from financial regulator the Bermuda Monetary Authority show that the number of “non-performing loans” (NPLs) on the books of local banks went up by 23...

Bermuda became a more prominent trading partner with the US as other offshore financial centres suffered from the fallout from the financial crisis. That is according to the ‘US-Bermuda Economic Relations: Economic Impact Study 2011’ conducted by Dr ...

When problems occur with your vehicle it can be a frustrating experience. Don’t let the confusion of getting your vehicle repaired get in the way of getting you back on the road. We spoke with Paula Carlington, enforcement officer at the Department o...

In a recent New York Times article Warren Buffett wrote that the tax rate he paid last year (17 percent) was lower than that paid by any of his office employees. Is it possible for a millionaire to have a lower tax rate than their secretary? Yes. Ear...

The Island's economy has been battered over the last few years. Local business owners in particular have been taking our lumps. All we seem to hear is doomsayers echoing that the sky is falling. Recently though, I've heard a handful of more optimist...