Hashtag: #Finance

Premier Returns After Taking Part In Roundtable

Premier Returns After Taking Part In Roundtable

Premier and Minister of Finance David Burt returns from Barbados this evening after taking part in the Caribbean Financial Access Roundtable, which “discussed critical issues regarding correspondent banking relationships, de-risking, anti-money laundering, and related banking issues.” “Challenges with correspondent banking relationships... Read more of this article

Premier Burt To Attend Financial Roundtable

Premier Burt To Attend Financial Roundtable

Premier and Minister of Finance David Burt will be in Barbados tomorrow [April 20] to participate in the Caribbean Financial Access Roundtable. A Government spokesperson said, “At the invitation of the Prime Minister and Minister of Finance of Barbados Mia Amor Mottley, Bermuda’s Premier and Minister of Finance David Burt will be in Barbados on... Read more of this article

Ministry: Financial Literacy Skills Series

Ministry: Financial Literacy Skills Series

The Ministry of Economy and Labour has provided an update on financial assistance reform and highlighted its recent financial literacy series. A Government spokesperson said, “The Ministry of Economy and Labour is providing an update on financial assistance reform and a collaborative initiative with the Department of Workforce Development. “On September... Read more of this article

Column: Hospital Finances In ‘Precarious Position’

Column: Hospital Finances In ‘Precarious Position’

[Opinion column written by Shadow Minister of Health Michael Dunkley] During the Budget Debate for the Ministry of Health it was revealed by the Minister that cash reserves for the Hospital have dwindled to $16 million, which equates to 6 days’ worth of funding to run the operation. Normally a hospital would like 60 to 90 days of cash reserves.... Read more of this article

Age Concern Members Concerned About Budget

Age Concern Members Concerned About Budget

“In a recent survey of 389 of our members, comprised of persons aged 50 and older, more than 75% of respondents indicated that they are extremely concerned about Bermuda’s budget this year,” Age Concern said. A spokesperson said, “The Government is worthy of praise for the excellent handling of the Covid- 19 pandemic, these are indeed difficult... Read more of this article

Video: Premier Burt Appears On ‘Crypto Convo’

Video: Premier Burt Appears On ‘Crypto Convo’

Bermuda Premier David Burt recently appeared on an episode of Crypto Convo with host Jon Najarian to discuss “how the country is embracing digital banking to enrich Bermuda and its citizens.” The video’s description says, “Bermuda is world-famous for its rigorous regulation. And yet today, Bermuda is a hotbed for emerging digital... Read more of this article

“18th Consecutive Year Of Government Deficit”

“18th Consecutive Year Of Government Deficit”

Government expenditure exceeded revenue in 2020/21, marking the 18th consecutive year of a Government deficit. This is according to the Bermuda Digest of Statistics, which said, “Government expenditure exceeded revenue by $184.2 million in fiscal year 2020/21. This marked the eighteenth consecutive year of a Government deficit. “Furthermore,... Read more of this article

CFA Society Bermuda Financial Literacy Course

CFA Society Bermuda Financial Literacy Course

The CFA Society Bermuda financial literacy series will return to the Bermuda College starting on February 23. A spokesperson said, “CFA Society Bermuda’s popular financial literacy series returns to the Bermuda College beginning February 23. This four-part series is designed for anyone who is looking to learn more about personal finance and basic... Read more of this article

Financial Policy Council Meeting Today

Financial Policy Council Meeting Today

The Financial Policy Council [FPC] will be holding its next meeting today [Dec 16] which will include “discussions on the 2021 Throne Speech initiatives and consideration of key findings of the 2021 assessment report of the Fiscal Responsibility Panel.” A Government spokesperson said, “The Financial Policy Council [FPC] will be holding... Read more of this article

Minister Reports On Travel To UK, Belgium, USA

Minister Reports On Travel To UK, Belgium, USA

Speaking in the House of Assembly today [Dec 10] Minister of Finance Curtis Dickinson provided an overview of his recent travels to London and Brussels, as well as his work last week in New York. The Minister’s full statement follows below: Mr Speaker, I rise today to inform this Honourable House of recent travels to London and Brussels, along with... Read more of this article

Nayms Briefing On Digital Asset Risk Insurance

Nayms Briefing On Digital Asset Risk Insurance

Members of Bermuda’s digital asset, insurance and reinsurance sectors “have gained an insight into a new blockchain based market solution for insuring digital asset risk” at a Nayms breakfast briefing hosted in conjunction with Carey Olsen Bermuda Limited. A spokesperson said, “The Bermuda regulated startup Nayms is leading the... Read more of this article

Minister: 2021/22 Half Year Fiscal Performance

Minister: 2021/22 Half Year Fiscal Performance

Minister of Finance Curtis Dickinson provided an update on the Government’s fiscal performance. Speaking in the House of Assembly today [Nov 12], the Minister said, “Overall, notwithstanding the Covid-19 impact and the additional guarantee related expenditures, current expenditures, excluding debt service, are presently in line with the... Read more of this article

CFA Society Offering Financial Literacy Series

CFA Society Offering Financial Literacy Series

CFA Society Bermuda is offering its financial literacy series in partnership with Bermuda College PACE Program, beginning on September 29. A spokesperson said, “CFA Society Bermuda is pleased to again offer their financial literacy series this fall, in partnership with Bermuda College PACE Program. “Described as an introduction to basic money... Read more of this article