Hashtag: #Finance
Audit Of Consolidated Fund Financial Statements
“ I rise today to advise Honourable Members of the completion of the audit of the Consolidated Fund Financial Statements for the year-ended March 31, 2024,” Junior Minister of Finance Wayne Furbert said in the House of Assembly today [March 21]. The Junior Minister’s full statement follows below: Mr. Speaker, I rise today to advise Honourable... Read more of this article
PrivCom Releases Financial Services Notes
The Office of the Privacy Commissioner [PrivCom] has published Financial Services Guidance Notes. A spokesperson said, “In March 2024, The Office of the Privacy Commissioner [PrivCom] sought input from the financial services sector regarding concerns or gaps that may need to be addressed considering how new privacy laws intersect with financial... Read more of this article
Corporate Income Tax Administrative Provisions
Today the Government issued a “second paper which focuses on certain of the enforcement provisions relating to the administration of the Corporate Income Tax Act 2023, as amended [the Principal Act], which are required under Bermuda law to be enacted by Parliament in statutory form rather than by regulation. ” A Government spokesperson said,... Read more of this article
Register For ‘Finance To Fintech’ Course
The Economic Development Department is encouraging the public to register for the ‘Finance to Fintech’ course, developed in collaboration with ViableEdu, and the online orientation session. A Government spokesperson said, “This month-long programme is designed to equip Bermuda’s residents with the skills and knowledge needed to thrive in the... Read more of this article
EDD Launches ‘Finance To Fintech’ Course
The Economic Development Department has launched “Finance to Fintech,” a month-long course in partnership with ViableEdu. A Government spokesperson said, “The Economic Development Department [EDD], under the Ministry of Economy and Labour, is thrilled to announce the launch of Finance to Fintech, a month-long course designed to equip Bermuda’s... Read more of this article
Column: Debt Swap, IMF & Climate Solutions
[Column written by Patrice Horner] The Government of Barbados completed an innovative “Debit for Climate Conversion” with the International Monetary Fund [IMF], along with Inter-American Development Bank [IBD], the European Investment Bank [EIB], and the Caribbean Investment Bank [CIB]. The IMF established the Resiliency and Sustainability Trust... Read more of this article
Financial Policy Council Holds Meeting
The Financial Policy Council [FPC] held its twenty seventh meeting on 12 December 2024. A Government spokesperson said, “All FPC Members were able to participate in the meeting, which was run in a hybrid format, with the majority of Members taking part in person at the Bermuda Monetary Authority. “The FPC reviewed the performance of Bermuda’s... Read more of this article
CFA Society Bermuda Annual Forecast Dinner
CFA Society Bermuda will host its Annual Forecast Dinner on Tuesday [Jan 21] at the Hamilton Princess Ballroom, featuring expert insights on the global economy and financial markets. A spokesperson said, “CFA Society Bermuda is thrilled to announce its upcoming Annual Forecast Dinner, set to take place next week on Tuesday, January 21st 2025 at... Read more of this article
Column: IMF, 80 Years, Trade & More
[Column written by Patrice Horner] Rebuilding international cooperation and trade was a critical issue after the horrors of World War II. The importance has remerged as critical issue this year, with the wars in the Ukraine, Gaza, and after the U.S. Election. Trade creates cohesion around the globe. The International Monetary Fund [IMF] was established... Read more of this article
OBA Senator & PLP On Pre-Budget Report
The Government’s Pre-Budget Report and the Fiscal Responsibility Panel report “provide a vivid contrast” as “the PLP document is Government’s political propaganda” and “the independent document shows our fiscal reality,” OBA Shadow Minister for Finance Senator Douglas De Couto said, while the PLP said they... Read more of this article
Premier On Pre-Budget Report & Proposals
Government proposes to reduce the monthly tax on mobile phones by 50%, lower private car licensing fees by a further 10% and raise the personal Duty-Free Allowance for returning residents from $200 to $300, Premier and Minister of Finance David Burt said. Speaking in the House of Assembly today [Dec 13] the Premier said, “I rise today to address... Read more of this article
Tax Reform Commission To Host Town Meeting
The Bermuda Tax Reform Commission will host a Town Hall on December 17th. A Government spokesperson said, “The Bermuda Tax Reform Commission is holding a Town Hall meeting designed to inform and engage Bermuda residents about the Commission’s mission, activities, and the important role it plays in providing recommendations that can impact the... Read more of this article
