Hashtag: #Finance
Column: Myron On Economy, Thinkers & More
[Opinion column written by Martha Harris Myron] What is happening to our island? It is almost palpable – in the air, in feelings, in thoughts, and in media commentary. It is the resignation, almost despair, at the increasing infrastructure disrepair, neglect of nature, and the quality of daily life slowly atrophying down life’s scale. It is... Read more of this article
Column: Famous On Housing & Healthcare
[Opinion column written by Chris Famous] Last Friday, March 15th, the One Bermuda Alliance [OBA], inclusive of Susan Jackson, Ben Smith, Craig Cannonier, and Micheal Dunkley, all led by Jarion Richardson, voted against the Progressive Labour Party’s efforts to keep Health Insurance costs down and create more affordable housing for the people of... Read more of this article
PwC: Dealmaking Expected To Remain Active
“Many financial services [FS] dealmakers entered 2024 with a greater sense of optimism, reflecting on 2023 as a low point in which uncertainty created by macroeconomic factors such as high inflation, rising interest rates and lower economic growth projections dampened M&A activity,” PwC said. A spokesperson said, “While macroeconomic... Read more of this article
Column: Are You Ready For An AML/ATF Audit?
[Column written by Melissa Rodrigues McBeath] As you will be all too familiar to our regulated sector, keeping on top of the continuous changing landscape can be challenging. This is the case from an anti-money laundering and anti-terrorist financing ["AML/ATF"] perspective, during 2023, with the issue of revised Guidance Notes for AML/ATF Regulated... Read more of this article
‘Significant Amount Of Money Was Discovered’
The Bermuda Police Service is looking to identify the owner of “a significant amount of money which was discovered in the area of Church Bay Park, Southampton.” A police spokesperson said, “On Sunday, March 10, 2024, the Bermuda Police Service seized a significant amount of money which was discovered in the area of Church Bay Park,... Read more of this article
Investing Gender Gap Shows Signs Of Closure
For decades, there has been a significant gender investing gap, but now there’s evidence that it’s closing. Studies from Fidelity Investments and the CFA Institute in the United States indicate that 67% of women are investing, outside of retirement plans, a significant increase from 44% in 2018. More Gen Z and Millennial women are investing... Read more of this article
Minister Updates On FinTech, Business & More
As of the end of 2023, the Registrar of Companies listed 72 companies that engaged in activities related to FinTech, as compared to 53 such registrants in 2022, 36 in 2021, and 23 in 2020, Minister of Economy and Labour Jason Hayward said in the House of Assembly today [March 8]. The Minister said, “Beyond company registrations, it’s noteworthy... Read more of this article
Video: Premier Burt Press Conference
[Updated] The Premier and Minister of Finance David Burt is hosting a press conference aimed at spotlighting a new finance and economic initiative. We will have additional information later on, and in the meantime the live video is below. The 19-minute live video replay is below: Update: Premier David Burt said, “Good Afternoon to the Minister of... Read more of this article
Column: Robinson On Economy, Jobs & More
[Opinion column written by Senator Leslie Robinson] The PLP Government continues to demonstrate fiscal and economic competence. The data is clear, Bermuda’s economy is thriving, and there has been an expansion of jobs. The National Economic Report released last week highlighted the significant economic progress made. Economic Growth The Ministry... Read more of this article
Annual Gross Domestic Product 2022 Report
The Ministry of Economy and Labour published the Annual Gross Domestic Product [GDP] 2022 Highlights, stating that “the Bermuda economy grew 6.4 per cent in real terms in 2022 as the economic activity for twelve of the nineteen industry groups contributed to positive growth in value added. ” A Government spokesperson said, “Today,... Read more of this article
Premier Burt Attends Annual Satoshi Roundtable
Premier and Minister of Finance David Burt is in Dubai attending the annual Satoshi Roundtable, a “gathering of top digital asset founders, leaders and executives.” A Government spokesperson said, “The Satoshi Roundtable is an invite-only event that has been running yearly since 2014. The Government receives invitations in recognition... Read more of this article
Minister Attends Fintech Conference In Barbados
Minister Jason Hayward attended the second Fintech Islands Experience 2024 [FIX 2024] held in Barbados from January 24th – 26th, 2024. A Government spokesperson said, “Widely attended by entrepreneurs, regulators, lawyers, policymakers, and financial services professionals from various jurisdictions, the conference featured over 125 speakers... Read more of this article
20th Consecutive Year Of Government Deficit
2022 marked the twentieth consecutive year of a Government deficit, according to the Bermuda Digest of Statistics 2023. The document, which covers statistics from the year 2022, said, “Government expenditure exceeded revenue by $77.4 million in fiscal year 2022/23. This marked the twentieth consecutive year of a Government deficit. Furthermore,... Read more of this article
CFA Dinner To Feature Nanette Abuhoff Jacobson
CFA Society Bermuda announced its Annual Forecast Dinner on January 25th, 2024, featuring keynote speaker Nanette Abuhoff Jacobson from Wellington Management. A spokesperson said, “CFA Society Bermuda is thrilled to announce its upcoming Annual Forecast Dinner, set to take place next week on Thursday, January 25th 2024 at the Hamilton Princess... Read more of this article
Premier Burt Provides Mid-Year Financial Update
Speaking during the last House 0f Assembly session of 2023, Premier and Minister of Finance David Burt provided an economic and fiscal update. The Premier’s full statement follows below: Mr Speaker, it is an honour to rise today on behalf of the Government, in our last sitting of 2023, to provide an Economic and fiscal Update to this Honourable... Read more of this article
Premier Provides Overview Of UAE, COP28 Visit
Speaking in the House of Assembly today [Dec 8], Premier and Minister of Finance David Burt provided an overview of his recent visit to the United Arab Emirates for Abu Dhabi Finance Week and the COP28 event in Dubai. “COP28 is the largest and most important environmental event of the year and also a diplomatic event where government leaders,... Read more of this article
