Hashtag: #BermudaPolitics

Column: Govt Revenue Up & Spending Down

Column: Govt Revenue Up & Spending Down

[Opinion column written by Junior Minister of Finance Wayne Furbert] After completing one of the longest Parliamentary sessions in history, it was very rewarding to hear the good economic news from the Premier on Friday.Government Revenues are up. Government spending is down. The deficit is down by 24%. Visitor air arrivals are up. Employment in the... Read more of this article

Dr Brown To Receive Howard Alumni Award

Dr Brown To Receive Howard Alumni Award

Former Premier Dr. Ewart Brown will receive the Senator Edward Brooke award from Alumni of Howard University on Martha’s Vineyard on Tuesday August 21st. Dr. Brown, who has always been a stalwart supporter of Howard, is being recognised for his “all-round support of the university particularly in the recruitment of medical students.” “I... Read more of this article

Audio: BHC/Grand Atlantic Discussion In Senate

Audio: BHC/Grand Atlantic Discussion In Senate

The Bermuda Housing Amendment Act 2018 — which relates to the Grand Atlantic development — passed in the Senate this week, with the Bill having already passed in the House. The Bill seeks to amend the Bermuda Housing Act 1980 in relation to the powers of the Bermuda Housing Corporation to “provide statutory exemptions from stamp duty... Read more of this article

Video: Premier On Retirement Age & Pensions

Video: Premier On Retirement Age & Pensions

Pension reform is likely to involve a “gradual increase of the retirement age” as we “have to make our pension funds sustainable,” Premier David Burt said, saying that reform will “extend the life of the fund out from where it’s projected now to run out of money in 2049.” Premier Burt, who also serves as Minister... Read more of this article

Video: Interview With Premier David Burt

Video: Interview With Premier David Burt

[Updated] Premier and Minister of Finance David Burt is speaking with Bernews this afternoon [Aug 17], sitting down for a live interview with journalist Don Burgess to discuss a number of topics, and you can tune in and watch below.Update 3.14pm: The Premier discussed a number of topics including Government’s finances, employment numbers, social... Read more of this article

Premier Meets With Chatterjee Of Envelop Risk

Premier Meets With Chatterjee Of Envelop Risk

Premier and Minister of Finance David Burt met with Ari Chatterjee of Envelop Risk, which he said was the first Insurtech company to set up in Bermuda. Premier Burt tweeted the photos below, saying: “Bermuda’s fintech push continues to bear fruit with more companies setting up on the island. Earlier today, I met with Ari Chatterjee of Enveloprisk,... Read more of this article

Tax Arrears Of $90.6 Million As Of March 2016

Tax Arrears Of $90.6 Million As Of March 2016

“As at March 31, 2016, the amount of payroll, hotel occupancy, corporate services and land taxes greater than 90 days in arrears was $90.6 million,” according to the recently released Auditor General’s report. The report said, “As the unfunded liability increases, arrears of payroll and other taxes and pension contributions also... Read more of this article

Town Hall Meeting On Municipal Governance

Town Hall Meeting On Municipal Governance

The Ministry of Home Affairs is inviting people to a town hall meeting on Wednesday evening [Aug 22] at The New Testament Church of God Heritage Worship Centre to “discuss the most appropriate way to strengthen and modernise municipal governance for the benefit of Bermuda.” A Government spokesperson said, “The Ministry of Home Affairs... Read more of this article

Govt On Housing & Road Traffic Amendments

Govt On Housing & Road Traffic Amendments

The Road Traffic Amendment and Validation Act 2018 was read, debated and passed on August 10th which will allow the Government to start roadside sobriety testing, and the Bermuda Housing Amendment Act will permit the Bermuda Housing Corporation to begin the process of converting the Grand Atlantic property into a condo-hotel and “if this was not... Read more of this article

Senate: Order Of Business For August 15th

Senate: Order Of Business For August 15th

The Senate is scheduled to be in session on Wednesday [Aug 15] and Bills before the Senate include the Bermuda Monetary Authority Amendment [No. 2] Act 2018, the Defence [Coast Guard Unit] Amendment Act 2018, the Road Traffic Amendment and Validation Act 2018, and the Bermuda Housing Amendment Act 2018. The Order of Business follows below [PDF here]: Related... Read more of this article

Premier Meets With BIU President & Rev Tweed

Premier Meets With BIU President & Rev Tweed

Premier and Minister of Finance David Burt met with BIU President Chris Furbert, MP Rolfe Commissiong and Rev Nicholas Tweed this morning [Aug 14] to discuss the Living Wage Report. Premier Burt tweeted the photos below, saying: “Minister Brown and I met with BIU President Chris Furbert, MP Commissiong and Rev Tweed this morning to discuss the Living... Read more of this article

OBA Concerned About ‘Abuse Of Process’

OBA Concerned About ‘Abuse Of Process’

The OBA have “grave concerns about an abuse of process which saw Bills tabled in the House of Assembly and then going through first, second and third readings in the same day,” Opposition Leader Jeanne Atherden said, adding that the “usual procedure is that Bills are tabled and then debated following a two-week period.” Ms Atherden... Read more of this article

Dr DeLisle Worrell Joins Financial Policy Council

Dr DeLisle Worrell Joins Financial Policy Council

Premier and Minister of Finance David Burt has announced that Dr. DeLisle Worrell, the immediate past Governor of the Central Bank of Barbados, has joined the Financial Policy Council. “Dr. Worrell founded the Research Department of the Central Bank of Barbados in 1973, and served with the Bank until 1998, by which time he was Deputy Governor... Read more of this article