Hashtag: #Financial
FATCA Event Draws In Leading Professionals
Nova and Oyster Consulting’s first collaborative briefing on Wednesday [Oct 30] drew in leading Bermuda professionals from many industry sectors, including Fund Administration, Insurance, Trusts and Investment Management. The briefing, which covered global and local regulatory updates affecting shareholder management, customer due diligence requirements... Read more of this article
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
HIP Insurance Premiums To Rise April 1st
Today [Mar.21] the Minister of Health Zane De Silva announced the new increased rates for the Health Insurance Plan [HIP] and the FutureCare Plan which will become effective on April 1, 2011. Minister DeSilva said, “The HIP premium will again increase on April 1st, 2011 from $298.93 to $385 per person per month. This is a premium increase of... Read more of this article
Senator On Budget, Debt, Finances & More
This morning [Mar.16] Junior Minister for Finance Senator David Burt spoke on the 2011/12 Budget, saying “the headlines of the Budget are widely known, but I will take a little time to review them in more detail this morning.” The Senator went on to discuss various aspects including the planned open budget process, debt, revenue, the sinking... Read more of this article
Emissions Control on TCD, Costs & More
Bermuda Emissions Control Ltd [BECL] said they wish to clarify a February media report about the hearings of the Public Accounts Committee. The first sentence below is the taken from the report, and the box quote contains BECL’s reply. ‘He was asked if TCD could run the facility cheaper than BECL, he said: “Sure. We could run it for $1.4 million... Read more of this article
Premier on 2010 Public Pension Funds
Today [Mar.8] the Premier and Minister of Finance Paula Cox reported the investment performance of the Public Pension Funds for the year ended December 31, 2010. Premier Cox said, “Last year was a favourable year for asset returns with practically all asset classes returning positive returns. I am pleased to report that as of December 31, 2010, the... Read more of this article
NY Court: Chimay Pleads Guilty in Fraud Scheme
An American who falsely claimed he was both related to European royalty and had $14 million in a Bermuda bank account, appeared in a U.S. court yesterday [Feb 2], and pleaded guilty to grand larceny in the first degree, a scheme to defraud in the first degree, securities fraud and forgery in the second degree. 47 yr old Guy Albert de Chimay was arrested... Read more of this article
