Hashtag: #Finance
Column: Myron On US Green Card Status
[Written by Martha Harris Myron] On the eve of another July 4th Independence Day in the United States, it is only fitting to reflect on the more than 400 years of Bermuda’s influential connections with our neighbor across the great Atlantic pond. Indeed! Bermuda islanders rescued Jamestown from cannibalism and extinction 150 years before the US became... Read more of this article
Corporate Income Tax Public Agency Information
The Ministry of Finance issued a public information document regarding the Corporate Income Tax Agency. A Government spokesperson said, “Following the enactment of the Corporate Income Tax Act 2023 in December, 2023, the Government is moving ahead with the establishment of a Corporate Income Tax Agency [the Agency]. “This document sets out... Read more of this article
Protecting Seniors Against Financial Abuse
The Bermuda Bankers Association announced support for World Elder Abuse Awareness Day on June 15, highlighting the need to recognize and prevent financial abuse, especially among older adults. A spokesperson said, “The Bermuda Bankers Association supports World Elder Abuse Awareness Day, which takes place each year on June 15th. This is an opportunity... Read more of this article
Monetary Authority & FSRA Sign MoU
The Bermuda Monetary Authority [BMA] and the Financial Services Regulatory Authority [FSRA] of the Abu Dhabi Global Market [ADGM] announce the signing of a joint Digital Assets Memorandum of Understanding [MoU]. A spokesperson said, “The MoU creates a framework enabling the collaboration between the BMA and the FSRA to support the establishment... Read more of this article
Reduced/Delayed Services Due To Meetings
As part of the pension reform consultative process, the Ministry of Finance will facilitate meetings with the BIU and BPSU memberships and ”there will be reduced or delayed public services” on June 10, 14 and 18th. A Government spokesperson said, “As part of the pension reform consultative process, a series of information and educational... Read more of this article
EDD Invites Public To Fintech Training
The Economic Development Department announced the launch of the 3rd Annual Fintech Training Programme, inviting interested individuals to register by June 5, 2024. A Government spokesperson said, “The Economic Development Department [EDD] is happy to announce the launch of the 3rd Annual Fintech Training Programme. Interested persons are encouraged... Read more of this article
Column: Myron Publishes On Financial Literacy
[Written by Martha Harris Myron] It has been my long-term experience in my former Bermudian/international professional finance practice working with our community that still, there is little correlated, current, easy-to-understand financial information specifically focused on our uniquely sophisticated Bermuda economic environment. Bermuda’s First... Read more of this article
AlphaPoint Partners with Bancolombia Subsidiary
AlphaPoint, a leading provider of digital asset infrastructure of exchanges, brokerages, payment networks, and banking, today announced its partnership with Wenia, a subsidiary of Bancolombia, to launch their innovative exchange offering. A spokesperson said, “The application, built on AlphaPoint’s Exchange platform, provides a seamless... Read more of this article
Column: Myron On Individual Financial Planning
[Opinion column written by Martha Harris Myron] It is tough enough to manage money on a personal basis, let alone wading through the 110-pages multitude of complicated financial information issued by Bermuda Government March 2023 financial report. Yet, the four vital financial planning principles are the same for all: individuals, businesses, institutions,... Read more of this article
Police Execute Warrants & Arrest Three People
The police executed warrants in “relation to an ongoing investigation into persons defrauding a financial institution and one of its clients of a significant sum of money” and three suspects were arrested. A spokesperson said, “The Financial Crime Unit of the Bermuda Police Service carried out a pre-dawn operation on Wednesday, May... Read more of this article
Column: Myron On Authentic Financial Planning
[Opinion column written by Martha Harris Myron] Every successful economic entity: a country, a government, a business, and yes, even an individual includes these tangibles into their very thinking in planning for the future. Necessary and seriously, more in depth than just a bunch of numbers on a bottom-line financial statement, they are: A Contingency... Read more of this article
Premier David Burt Attends AIMA Conference
Premier and Minister of Finance David Burt led a business delegation to attend the AIMA Digital Asset Conference in New York City. A spokesperson said, “The Premier and Minister of Finance, the Hon. David Burt JP, MP, has travelled to New York City to lead a business development mission delegation and attend the Alternate Investment Management... Read more of this article
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
