Hashtag: #Finance

Emergence Event On Financial Close Process

Emergence Event On Financial Close Process

Finance professionals will have a chance to hear from experts in finance transformation next week and learn how they can improve efficiencies in their financial close process. Business applications and technology services firm, Emergence, in partnership with BlackLine, a cloud software solution provider of enhanced finance controls and automation, will... Read more of this article

Premier: Govt To Accept Some Digital Currency

Premier: Govt To Accept Some Digital Currency

Premier David Burt announced that the Bermuda Government has “committed to accept, for payment of government taxes, fees and services, 1:1 US dollar backed digital currencies that get licensed by the Bermuda Monetary Authority.” The Premier made the announcement today during the Bermuda Tech Summit, at the Hamilton Princess & Beach Club,... Read more of this article

CFASB Launches Financial Literacy Series

CFASB Launches Financial Literacy Series

Financial literacy should be a basic skill in life, so that people feel they can understand and manage their day to day finances. That’s the message that will be delivered in a series of 4 public courses taking place next month in a special partnership between the CFA Society Bermuda [CFASB] and Bermuda College’s Division of Professional and Career... Read more of this article

Information Commissioner Issues Decisions

Information Commissioner Issues Decisions

The Information Commissioner issued three decisions regarding the Ministry of Legal Affairs Headquarters, Ministry of Finance Headquarters, and the Department of Immigration. A spokesperson said, “On 26 June 2019, Information Commissioner Gitanjali Gutierrez issued Decision 16/2019 and Decision 17/2019 relating to the Ministry of Legal Affairs Headquarters... Read more of this article

EY: FinTech Adoption Doubled Over 18 Months

EY: FinTech Adoption Doubled Over 18 Months

Financial technology [FinTech] adoption among consumers has nearly doubled over the past 18 months, according to the latest EY Global FinTech Adoption Index, and the “adoption rate is growing faster than anticipated. ” “With the rapid adoption of FinTech, it has now become mainstream as ‘older’ start-ups have matured and incumbents... Read more of this article

Minister: Consolidated Fund Financial Statements

Minister: Consolidated Fund Financial Statements

The Auditor General gave a qualified audit opinion on the 2017/18 annual accounts of the Consolidated Fund, Minister of Finance Curtis Dickinson in the House of Assembly. The Consolidated Fund is the general operating fund of the Bermuda Government and reports the financial position, operations, change in net debt and cash flows resulting from the activities... Read more of this article

Govt: 2018/19 First Half Fiscal Performance

Govt: 2018/19 First Half Fiscal Performance

The Ministry of Finance today reported on the 2018/19 First Half Fiscal Performance and provided an updated Economic Review for 2018. 2018/19 First Half Fiscal Year Performance: “The headline numbers for the 2017/18 National Budget were: a revenue target of $1.09 billion; current expenditure of $1.2 billion, including debt service; capital expenditure... Read more of this article

Emergence To Host ‘Future Of Finance’ Event

Emergence To Host ‘Future Of Finance’ Event

Finance executives have a chance to discover and discuss ways to keep pace with the evolving expectations of business planning in Bermuda next week. Business applications and technology services firm, Emergence, in partnership with Prophix, will be hosting a luncheon at the Hamilton Princess Trudeau Ballroom on the changing planning and forecasting... Read more of this article

Ministry: 2017/18 First Half Fiscal Performance

Ministry: 2017/18 First Half Fiscal Performance

The Ministry of Finance today [Dec 3] reported on the 2017/18 First Half Fiscal Performance and provided an updated Economic Review for 2017. The Ministry said, “This year’s economic data, thus far, is consistent with the expectation in the 2016 National Economic Report of Bermuda and the Ministry of Finance’s own macroeconomic forecasts.” “The... Read more of this article

Financial Assistance: $4 Million Monthly Payout

Financial Assistance: $4 Million Monthly Payout

Financial Assistance payments have “increased significantly over the years,” with the monthly payments rising from approximately $2.5 million in 2011 to just over $4 million in 2017, Minister of Social Development and Sports Zane DeSilva said in the House of Assembly on Friday. The Minister provided these numbers while speaking about the... Read more of this article

Establishment Of Bermuda Infrastructure Fund

Establishment Of Bermuda Infrastructure Fund

Premier and Minister of Finance David Burt provided an overview on the establishment of the Bermuda Infrastructure Fund in the House of Assembly today [Nov 17], saying that the “Government believes that is in the best interest of Bermuda and Bermudians who are looking for jobs to have International Business invest their funds locally to help stimulate... Read more of this article

Obligation On Importers To Apply To Customs

Obligation On Importers To Apply To Customs

The Customs Department is reminding those who have imported goods with the benefit of duty relief of their obligation to make prior application to Customs to sell or donate such goods. A Government spokesperson said, “The Customs Department has recently taken note of a growing number of online posts advertising the sale of restricted goods imported... Read more of this article

Minister: Formation Of Fiscal Responsibility Panel

Minister: Formation Of Fiscal Responsibility Panel

Deputy Premier and Minister of Finance Bob Richards today [Oct 2] announced the appointment of “three leading international experts in public policy finance” to serve as members of the newly created Fiscal Responsibility Panel. “As mentioned in the Budget Statement, this Panel will increase transparency and international credibility... Read more of this article