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With the worst of The Great Lockdown (TGL) market crash likely behind us, investors should prepare for the next phase of the pandemic era — a reopening of the world economy. Looking back, this year’s market action has been epic. The Covid-19 crash ha...

Sound management of the public purse during the fiscal strain of the Covid-19 crisis has long-term importance, the watchdog of government finances has warned. Heather Thomas, the Auditor-General, has repeatedly warned the Government of the dangers o...

Temporary tax and fee breaks have been rolled out by the Bermuda Government for businesses in need of financial relief. The Ministry of Finance announced this afternoon that payroll taxes for January to March, due on April 15, should be filed as norm...

The Bermuda Monetary Authority has advised that due to the Good Friday holiday on April 10, applications for review by the Assessment and Licensing Committee will be deliberated on April 9. The ALC applications must be submitted no later than 5pm on ...

The Bermuda Monetary Authority has waived the requirement for insurers to hold board meetings on the island during the Covid-19 crisis period. In a statement published on its website today, the financial regulator also granted a one-month filing exte...

History was made this month with the black swan event of a Covid-19 virus outbreak, a collapse in oil prices follow by massive government and private sector responses to a novel threat on human lives. Equity markets have now plunged about 28 per cen...

Government is to review how the sugar tax was implemented over concerns that retailers had spread the impact of the tax across other items. Curtis Dickinson, the Minister of Finance, told the House of Assembly: “We need to have a look at this again. ...

The chief executive officer of Bermuda’s Pension Commission has questioned why the island’s new airport was not financed locally. Peter Sousa was speaking on a panel at “2020 Vision: Straight Up. No Chaser”, presented by recruitment and immigration c...

A team from Bermuda High School has risen to the top of the rankings in the KPMG Investment Challenge. The Profit-eroles had grown their imaginary portfolio of $100,000 to $113,145 by the end of February: an impressive achievement in light of the sto...

“The real key to making money in stocks is not to get scared out of them.” — Peter Lynch When does this end? How bad can it get? The honest answer is nobody knows. Markets hate uncertainty so the drip feed of negative news only magnifies this. Histor...

Bermuda must do a better job of reducing its debt burden, a leading economic commentator told attendees at a construction and trade industry conference. Craig Simmons, senior economics lecturer at Bermuda College, was speaking on a panel at “2020 Vis...

Government has called on Bermuda’s banks to cut their base interest rates in the face of the threat posed by the coronavirus. Pointing to Tuesday’s move by the US Federal Reserve to cut its benchmark interest rate by 50 basis points to a range of 1 p...