Tag: financial

Bermudian Wealth Reporter On BBC TV

Investigating and writing about the true net worth of the notoriously secretive super-rich and famous isn’t an easy job — but Bermudian “Forbes” magazine reporter and blogger Clare O’Connor does it so well she was interviewed about the subject on BBC TV this morning [Mar 4.] Ms O’Connor, a former Bermuda High School... Read more of this article

Forum: Regeneration Of Bermuda’s Economy

Former Premier Sir John Swan and Bermuda Sun columnist Larry Burchall have been publicly collaborating since November 2011, and have produced more than thirty articles about regenerating Bermuda’s economy. The pair will be holding a Public Forum on Thursday [Sept 13] at the Cathedral Hall, next to the Anglican Cathedral on Church Street in Hamilton.The... Read more of this article

Videos: Dale Butler’s Economic Forum

Last night [Nov.3] PLP MP Dale Butler hosted a public forum at Warwick Workman’s Club, with the theme of “You, Me & The Economy.” Mr Butler introduced the panel which included Premier & Minister of Finance Paula Cox; newly appointed Attorney General Kim Wilson; and Bermuda College lecturer Craig Simmons. Minister Wilson previously served... Read more of this article

BermudaFirst Response: Sir John’s Column

The BermudaFirst group has released a statement in response to Sir John Swan’s recent column ‘Bermuda’s Economy in Crisis.’ BermudaFirst is a collective of business, sector and Government leaders who came together – beginning in 2008 – principally as a Think Tank. Over 70 men and women representing all sectors of Bermuda... Read more of this article

Sir John: Bermuda’s Economy in Crisis

[Written by Sir John Swan] Bermuda’s Economy in Crisis “Tourism contributing less to Bermuda’s economy” “Don’t expect food prices to fall any time soon” “Government to allow access to pension funds for tenants in rental arrears“ “Immigration policy threatens recovery” “Lost dividends cut off income stream in Bermuda economy” “If... Read more of this article

‘We Consider 35% Duty To Be Punitive’

Shadow Finance Minister Bob Richards said that the OBA welcomes temporary payroll tax relief for Bermuda’s retailers, however said “we consider 35% duty to be punitive and coercive and oppose it. We do not want to penalize everyday people for trying to find better value with their hard-earned dollars.” Mr Richards also questioned whether... Read more of this article

Change In Duty & Retailers Payroll Tax

[Updated] This morning [Sept.30] Premier and Minister of Finance Paula Cox said “In taking note of this continuing economic malaise and the possible social consequences, Government will immediately institute several emergency measures to assist businesses that have a pressing need for financial relief.” Payroll tax will be set at zero for... Read more of this article

Argus Group Reports 2011 Results

Argus Group Holdings Limited Friday [July 15] announced a net loss of $5.7 million for the year ended March 31, 2011, compared to a net loss of $18.4 million in the prior year. Alison Hill, Chief Executive Officer of the Argus Group, comments: “Every one of our seven business units recorded excellent results for the period, generating earnings in... Read more of this article

KPMG 2011 Caribbean Region Financing Survey

KPMG’s annual Caribbean Region Financing Survey examining the status of lending in the hospitality and tourism sector across the Caribbean has been released at the Caribbean Hotel & Tourism Investment Conference. The 2011 Survey focuses on financing trends, the outlook for the region and the identification of current changes in the lending environment. The... Read more of this article

Minister Burch: Settlement of Police Pay Dispute

At a press conference this morning [Mar.29] Minister of National Security Lt. Col. David Burch announced that the Government and the Bermuda Police Association have reached a comprehensive agreement about wage disputes, and all legal action has been discontinued.Minister Burch said, “With these issues resolved no further valuable time and energy... Read more of this article