Tag: Bob Richards

Video: Finance Minister On Moody’s Downgrade

The downgrade by Moody’s wasn’t entirely unexpected and he does not believe it will hamper us in raising funds in investment markets going forward, Finance Minister Bob Richards said yesterday [May 17]. Minister Richards said, “I was a little disappointed in their prognostications in the outlook. I think we laid out our case pretty... Read more of this article

Minister Richards Appears On UK’s Sky News

Yesterday [May 2] Minister of Finance Bob Richards appeared on Sky News to discuss Bermuda’s decision to negotiate and sign a FATCA Intergovernmental Agreement [IGA] Model 2 with the USA, the UK, and the G5 European Union countries once the G5 European Union Multilateral FATCA is established. This agreement will essentially result in financial institutions... Read more of this article

Video: Strengthening Ties Between Bermuda, UK

Britain’s Minister for the Overseas Territories Mark Simmonds, Governor George Fergusson, Premier Craig Cannonier and Finance Minister Bob Richards held a press conference this morning [Apr 26] where they discussed how they can work together for the benefit of Bermuda.Premier Craig Cannonier said, “We want to assure Bermuda that we continue... Read more of this article

Video: Minister Richards On Economic Growth

Minister of Finance Bob Richards said he cannot give a “huge amount of hope for economic growth this year”, however said the things have been put in place by the Government are starting to work. The Minister was speaking at the Capital G Wealth Conference, beginning his speech by joking about his 7-minute limitation, saying that “as... Read more of this article

House Passes Debt Ceiling Raise: To $2.5B

Last night Parliamentarians passed the Government Loans Amendment Act 2013, allowing for the Government’s authorized debt ceiling to raise from $1.45 billion to $2.5 billion. The raise does not mean the Government intends to immediately borrow this amount, it means it is legally permissible to. The bill still has to go to the Senate before it... Read more of this article

Brian Duperreault To Head SAGE Commission

[Updated w/PLP comment] Insurance executive Brian Duperreault will head the new Spending and Government Efficiency [SAGE] Commission, Finance Minister Bob Richards announced this morning [Feb 28]. The other members of the Commission will be Kim White, Kenneth Dill, Peter Hardy, Kathy Duffey and Don MacKenzie. Minister Richards said the Commission’s... Read more of this article

Live Blog Updates: 2013/14 Bermuda Budget

[Updated] Finance Minister Bob Richards is set to deliver the 2013 Budget in the House of Assembly this morning [Feb 22], which will set out the Government’s financials plans for the upcoming fiscal year. This will be the first budget devised by Minister Richards on behalf of the One Bermuda Alliance Government, who took control following their... Read more of this article

Premier, Minister & Governor On U.K. Visit

Premier Craig Cannonier attended a bilateral in London with the Minister responsible for Overseas Territories, Parliamentary Under Secretary of State for Foreign & Commonwealth Affairs Mark Simmonds. Accompanying the Premier was Minister of Finance Bob Richards, Governor George Fergusson, Assistant Financial Secretary Wayne Brown and UK Representative... Read more of this article

Finance Minister to Speak At Chamber Breakfast

In keeping with a long standing tradition the Bermuda Chamber of Commerce will host its Annual Budget Breakfast on Monday February 25th. Chamber Executive Joanne MacPhee noted; “We are delighted to confirm that Minister of Finance, the Hon. Bob Richard, JP, MP has agreed to address the membership at our Annual Budget Breakfast, to be held the Monday... Read more of this article

BPSU Responds: Minister Richards Comments

BPSU President Kevin Grant has responded to recent comments made by Finance Minister Bob Richards saying he is “well aware” of the challenges we are facing, but the “only way to address this is collaboratively.” Minister Richards recently held his first official briefing as Finance Minister, and said while keeping the OBA’s... Read more of this article