Archive for February 24th, 2012
Video: Minister On Space & Sea Assets
[Updated with video] Bermuda space and seabed assets could be used to raise revenue Minister of Government Estates and Information Services Michael Scott said today [Feb.24] at the post-budget press conference. “The country assets are vast and varied, when I was Minister of Telecommunications you will know of the potential connected with the exploitation... Read more of this article
Video: Minister Minors On Job Creation
[Updated with video] Government’s job placement and retraining efforts are being tailored to meet the needs of both those seeking work and employers, Minister of Economy, Trade and Industry Patrice Minors said today [Feb.24]. Speaking at a Government press conference following the release of the Budget statement, Ms Minors said her Ministry would... Read more of this article
Video: Works Minister On New Initiatives
[Updated with video] Public Works Minister Michael Weeks announced a raft of new initiatives this afternoon [Feb.24] at a Government press conference held following the release of the Budget Statement. Among other projects, he said in the coming fiscal year the Ministry will tackle upgrades at the Tynes Bay municipal incinerator, the North Shore reverse... Read more of this article
Video: Bean On Budget, Fishing, Tech
[Updated with video] Minister Marc Bean spoke at the post-budget press conference this afternoon [Feb.24] about the upcoming plans for the Ministry of Environment, Planning and Infrastructure Strategy. The Ministry’s budget for the upcoming year is $15,745,000, an increase of $1.5 million or 11% when compared to 2011-2012. Minister Bean said the... Read more of this article
Live Blog/Webcast: 2012/13 Budget
[Updated] This morning [Feb.24] Premier and Minister of Finance Paula Cox will deliver the 2012 Budget in the House of Assembly. She is expected to leave the Cabinet Office at approximately 9.30am, and make her way to the House where she will deliver the Budget – setting out Government’s financial goals and expectations for the following... Read more of this article
Chamber: ‘Business As Usual Budget’
Government is spending far more than taxpayers can afford to pay, the Bermuda Chamber of Commerce Economics Advisory Committee said today [Feb.24] following the release of the 2012/13 Budget. Speaking on behalf of The Chamber, economist Peter Everson noted; “There were no unexpected surprises in this year’s budget, and as many suspected, it was... Read more of this article
Tourism Invites You To ‘Feel The Love’
The Bermuda Department of Tourism [BDOT] is inviting locals as well as visitors to “Feel The Love” at an ongoing series of musical events featuring local performers. The “Feel The Love Fridays” shows are being run in conjunction with the Department’s new “Feel the Love Month” promotion aimed at positioning Bermuda... Read more of this article
Chile’s Velasco Joins Lazard Ltd.
Chile’s former finance minister and potential presidential candidate Andres Velasco [pictured] has joined Hamilton, Bermuda-based Lazard Ltd. as a senior adviser, the financial services company said in a statement. Velasco, who managed Chile’s economy during the 2008 and 2009 financial crisis, also is a visiting professor at Columbia University’s... Read more of this article
Rego Sotheby’s 2011 Agent Awards
Rego Sotheby’s International Realty’s exceptional residential sales and rental agents of 2011 attribute their recent success to people, technology and perseverance. Margaret Young received a record three awards as ‘Top Sales Performance & Service Agent’, ‘Top Producer Agent’ and ‘Exceptional Listing Agent’. With over 30 years in... Read more of this article
Richards ‘Very Disappointed’ In Budget
[Updated] Shadow Minister of Finance Bob Richards and Opposition Leader Craig Cannonier spoke about today’s [Feb.24] budget saying it seemed like more of a “story” then dealing with reality. Mr Richards said, “The Budget did not have a great deal of substance I am afraid. We have very critical issues facing Bermuda, involving how... Read more of this article
2012/13 Budget At A Glance
[Updated] If you don’t have time to sift through the full 30-page 2012 Budget, some of the key points are below: Expected expenditures of $1.08 billion, with an estimated revenue of $909.6 million. A “National Security Council” is being formed to help combat crime The arrivals area at the Airport will have a ‘channel’ system, with... Read more of this article
Police To ‘Increase Operations’
The Police said the gun incident last night [Feb.23] outside Hamilton Police Station “might be gang-related,” and “the potential for a reprisal attack cannot be discounted.” In response, the police will increase operations island-wide this weekend, with road checks at various locations. At around 5.30pm last night the pillion... Read more of this article
