Hashtag: #Finance

Video: Labour Minister & Finance Minister

Video: Labour Minister & Finance Minister

[Updated] Minister of Labour Jason Hayward and Minister of Finance Curtis Dickinson are holding a press conference this afternoon [Oct 19], and we will have additional coverage later on and in the meantime the live video is below. Update: The live broadcast has concluded and the 38-minute replay is belowUpdate 5.34pm: Minister Hayward’s remarks: Good... Read more of this article

CFASB Launches Fall Financial Literacy Series

CFASB Launches Fall Financial Literacy Series

CFA Society Bermuda, in partnership with Bermuda College PACE program, will again be offering their four-session series “Building Financial Literacy” starting on September 30. A spokesperson said, “As described in the PACE course catalogue, the course provides an introduction to basic money and financial concepts. The goal is to help people build... Read more of this article

Bermuda Issues $1.35 Billion Of Senior Notes

Bermuda Issues $1.35 Billion Of Senior Notes

The Ministry of Finance announced that Bermuda issued $1.35 billion of two new Senior Notes, stating that “overall debt outstanding increased by approximately $520 million, as a large portion of the proceeds was used to refinance existing debt that were at higher rates.” A government spokesperson said, “The Ministry of Finance is pleased... Read more of this article

Balance Of Payments, International Investment

Balance Of Payments, International Investment

The Department of Statistics released the 2020 Q1 Balance of Payments & International Investment Position publication. A Government spokesperson said, “Bermuda’s trade with non-residents resulted in a $220 million surplus for the first quarter of 2020. Bermuda’s stock of foreign assets at the end of the first quarter exceeded the stock... Read more of this article

‘Total Debt Has Increased By About $520 Million’

‘Total Debt Has Increased By About $520 Million’

“Total debt has increased by about $520 million, the average interest rate on the entire portfolio has decreased by approximately 59 basis points or 0.59%,” Minister of Finance Curtis Dickinson said last night as he provided an update on the economic challenges and the Covid-19 pandemic. The Minister said, “As previously announced,... Read more of this article

Minister: Debt Ceiling To Increase To $3.5 Billion

Minister: Debt Ceiling To Increase To $3.5 Billion

“I will table an amendment to the Government Loans Act 1978 to increase the debt ceiling by $600 million to $3.5 billion,” Minister of Finance Curtis Dickinson said, adding that this is “set at a level to enable funding of the Government and its economic recovery over the next 2-3 years.” Speaking in the House of Assembly today... Read more of this article

Minister: Open Letter To All Public Officers

Minister: Open Letter To All Public Officers

Minister of Finance Curtis Dickinson sent an open letter to all Public Officers explaining the island’s financial situation and saying their “support is vitally important to our country’s success.” Open Letter Minister Curtis Dickinson said, “Dear Public Officers: Open Letter to All Public Officers – Our Economic Status “Our... Read more of this article

SLiC International Closes Seed Funding Round

SLiC International Closes Seed Funding Round

SLiC International Ltd [SLiC] announced that it has closed its Seed Funding Round, and it will launch their Series A Funding Round later in 2020. A spokesperson said, “SLiC has closed its Seed Round valuing the company at USD 12 MN post-money. Private funding contributions ranged from USD 1 MN to USD 100,000 from the Caribbean and North America,... Read more of this article

Column: ‘Spending Is Prioritized For Essentials’

Column: ‘Spending Is Prioritized For Essentials’

[Written by Shadow Finance Minister Patricia Gordon-Pamplin] Good day Bermuda. We are all experiencing some very trying times as we pull together to fight the scourge of the coronavirus. This is a good opportunity for anyone with expertise to offer advice that could be useful to help one another to weather this storm. As an accountant, I embrace the... Read more of this article

U.S. Federal Reserve Cuts Interest Rate

U.S. Federal Reserve Cuts Interest Rate

Noting that the U.S. Federal Reserve cut its benchmark interest rate to “stave off the negative economic effects of the coronavirus on the US economy,” the Bermuda Government has urged local banks to reduce their base rates saying that it “will go a long way towards helping us weather this impending storm.” A Government spokesperson... Read more of this article

Minister: BHB Working On Completing Audits

Minister: BHB Working On Completing Audits

“The BHB is working with the Auditor General’s Office on completing the audits for 2015 to 2019, and will soon be up to date,” Minister of Finance Curtis Dickinson said regarding the outstanding annual reports . Minister Dickinson said, “The Government of Bermuda understands the importance of timely financial information. The Minister... Read more of this article

Course To Help Directors ‘Demystify Finance’

Course To Help Directors ‘Demystify Finance’

Business leaders are being invited to a three-day course designed to help them demystify the world of finance. The Bermuda branch of the Institute of Directors has organized the course to be held on February 25, 26 and 27. It is aimed at non-finance professionals and directors at all levels who need to develop an understanding of business finance. “All... Read more of this article

CPA UK Hold CAPAC Regional Workshop Series

CPA UK Hold CAPAC Regional Workshop Series

The Commonwealth Parliamentary Association UK held the CAPAC Regional Workshop Series: Caribbean in Trinidad & Tobago from January 21-23. A spokesperson said, “From 21-23 January 2020, 31 Chairs, Members and Clerks of Public Accounts Committees from 11 Commonwealth countries across the region met to discuss their role in the scrutiny and oversight... Read more of this article