Hashtag: #Covid19Finances

$234K: Workers & People Directed To Quarantine

$234K: Workers & People Directed To Quarantine

The Ministry of Finance “has paid $234,000 to those who are not working and others who have been directed to quarantine” in the past few weeks, Acting Premier Walter Roban said. This follows after increased restrictions were put in place last month due to an outbreak of Covid-19, with the restrictions including the closure of all indoor... Read more of this article

Unemployment Benefits Being Processed

Unemployment Benefits Being Processed

[Updated with PDF] The Government has approved 50 applications so far for the unemployment benefit for employees affected by the recent mandated closures and are currently assessing an additional 110 applications, and they are also working on applications from individuals who have been directed into mandatory quarantine or isolation by the Ministry... Read more of this article

Emergency Grants For Bars, Clubs & Restaurants

Emergency Grants For Bars, Clubs & Restaurants

The BEDC will be “providing Covid-19 emergency grant funding” to “approved bars, nightclubs, members clubs and restaurants” with maximum grant amounts to range “from $5,000 to $7,000 per business.” This follows after the industry — which already had mandated closures in the ‘lockdown’ earlier this... Read more of this article

Govt To Make Payments ‘No Later Than Thurs’

Govt To Make Payments ‘No Later Than Thurs’

“The Bermuda Government will make payments to impacted individuals no later than Thursday, 17 December, if their applications are submitted and complete by Monday, 14 December,” the Government said today. This is in relation to the unemployment benefits, with the Minister of Finance Curtis Dickinson recently authorising “unemployment... Read more of this article

Temporary Unemployment Benefit For Workers

Temporary Unemployment Benefit For Workers

“Persons who have been put out of work in bars/clubs will be eligible for up to $1,000 which will be paid electronically,” Premier David Burt said, adding they they will also provide support for businesses who have been ordered to close. This follows after the Government directed that all indoor bars and clubs close effective Tuesday, December... Read more of this article

Ministers On Assistance, Unemployment Benefit

Ministers On Assistance, Unemployment Benefit

As of November 20, 2020, an estimated 2,163 people are receiving Financial Assistance benefits, Minister Jason Hayward said, while Finance Minister Curtis Dickinson said that just over $267,000 has been paid to about 60 people on the Supplemental Unemployment Benefit programme. Speaking at yesterday’s [Nov 30] press conference, Labour Minister... Read more of this article

Minister: Covid Caused ‘Severe Economic Shock’

Minister: Covid Caused ‘Severe Economic Shock’

Imports decreased by 27.5% over the first two quarters of the year, total visitor arrivals were down by 91% versus a year ago, and employment income for the first 9 months of 2020 fell by $194.2 million. This was from Minister of Finance Curtis Dickinson, who said that the “economic data clearly illustrates the severe economic shock that Covid-19... Read more of this article

50% Payroll Tax Break For Taxi Operators

50% Payroll Tax Break For Taxi Operators

“Recognizing the challenges faced by taxi operators, the Government will provide a 50% Payroll Tax break to assist the sector,” Premier David Burt said. Speaking at last night’s [Sept 8] press briefing, Premier Burt said, “Among many sectors that were severely impacted by Covid-19 was the Taxi industry. The shelter in place and... Read more of this article

Finance Minister: “We Will Fund New Projects”

Finance Minister: “We Will Fund New Projects”

“We will fund new projects, such as investments in renewable energy that will reduce the Government’s electricity bill in the long run while providing jobs for Bermudians,” Finance Minister Curtis Dickinson said. Speaking at yesterday’s [Sept 2] press conference, Minister Dickinson said, “Although our COVID–19 Pandemic –... Read more of this article

Video: Finance Minister Press Conference

Video: Finance Minister Press Conference

[Updated] Minister of Finance Curtis Dickinson held a press conference this afternoon [Sept 2] to update on the economy, and we will have additional coverage later on and in the meantime the video is below.Update: Minister Dickinson’s remarks: Good afternoon. Thank you for being here. Since the beginning of the COVID-19 pandemic in Bermuda, the... Read more of this article

Minister: “Recipients Will Receive $1520 Monthly”

Minister: “Recipients Will Receive $1520 Monthly”

“The Supplementary Unemployment Benefits program is scheduled to run until March 31, 2021, and recipients will receive a monthly flat rate of $1520 with some individuals receiving an additional monthly payment of $429 for their health insurance premium,” Minister of Labour Jason Hayward said. Speaking at last night’s press briefing,... Read more of this article

Minister On Supplemental Unemployment Benefit

Minister On Supplemental Unemployment Benefit

[Updated] Minister of Labour Jason Hayward is holding a press conference today [Aug 20], and we will have additional coverage later on and in the meantime the live video is below. The Minister said that as the unemployment benefit comes to an end, the Government is aware that many in our community still need assistance, so they created the Supplemental... Read more of this article

Government Update On Unemployment Benefit

Government Update On Unemployment Benefit

The Government announced that the temporary unemployment benefit which was introduced at the onset of the pandemic “will transition persons to either Financial Assistance or a longer term unemployment support,” with Bermudians and spouses of Bermudians eligible for further benefits. A spokesperson said, “The COVID-19 crisis continues... Read more of this article