Hashtag: #Finance

20th Consecutive Year Of Government Deficit

20th Consecutive Year Of Government Deficit

2022 marked the twentieth consecutive year of a Government deficit, according to the Bermuda Digest of Statistics 2023. The document, which covers statistics from the year 2022, said, “Government expenditure exceeded revenue by $77.4 million in fiscal year 2022/23. This marked the twentieth consecutive year of a Government deficit. Furthermore,... Read more of this article

CFA Dinner To Feature Nanette Abuhoff Jacobson

CFA Dinner To Feature Nanette Abuhoff Jacobson

CFA Society Bermuda announced its Annual Forecast Dinner on January 25th, 2024, featuring keynote speaker Nanette Abuhoff Jacobson from Wellington Management. A spokesperson said, “CFA Society Bermuda is thrilled to announce its upcoming Annual Forecast Dinner, set to take place next week on Thursday, January 25th 2024 at the Hamilton Princess... Read more of this article

Premier Burt Provides Mid-Year Financial Update

Premier Burt Provides Mid-Year Financial Update

Speaking during the last House 0f Assembly session of 2023, Premier and Minister of Finance David Burt provided an economic and fiscal update. The Premier’s full statement follows below: Mr Speaker, it is an honour to rise today on behalf of the Government, in our last sitting of 2023, to provide an Economic and fiscal Update to this Honourable... Read more of this article

Premier Provides Overview Of UAE, COP28 Visit

Premier Provides Overview Of UAE, COP28 Visit

Speaking in the House of Assembly today [Dec 8], Premier and Minister of Finance David Burt provided an overview of his recent visit to the United Arab Emirates for Abu Dhabi Finance Week and the COP28 event in Dubai. “COP28 is the largest and most important environmental event of the year and also a diplomatic event where government leaders,... Read more of this article

Premier Burt Attending Abu Dhabi Finance Week

Premier Burt Attending Abu Dhabi Finance Week

Premier David Burt is attending Abu Dhabi Finance Week, and said he had the opportunity to “engage with international leaders, deepen our economic ties, and discuss how Bermuda and the UAE can collaborate.” The Premier, who is also the Minister of Finance, posted the images below on Instagram and said, “Today at Abu Dhabi Finance Week,... Read more of this article

Bittrex Global To Cease Operations On Dec 4th

Bittrex Global To Cease Operations On Dec 4th

Cryptocurrency exchange Bittrex Global — which has an office in Bermuda – announced they have decided to cease operations, with all trading activity set to be disabled on Monday, December 4, 2023. A spokesperson said, “It is with great regret that we announce that Bittrex Global has decided to wind down its operations. This decision... Read more of this article

Binance Fined Billions By U.S. Authorities

Binance Fined Billions By U.S. Authorities

Binance founder Changpeng Zhao has agreed to plead guilty and and pay a $50 million fine, and Binance itself also pleaded guilty and agreed to pay $4.3 billion in fines and restitution to the U.S. government. A New York Times story said, “Changpeng Zhao, the founder of Binance, the largest cryptocurrency exchange in the world, pleaded guilty... Read more of this article

Premier Updates On Tax Reform Commission

Premier Updates On Tax Reform Commission

Premier and Minister of Finance David Burt  provided an update on the Tax Reform Commission which “will be empaneled to look at the changes imperative to our existing system of domestic taxation to ensure it is in line with the requirements of the Global Minimum Tax while also examining what other changes to our local taxes are needed to ensure... Read more of this article

‘Provide Basic Banking Services To All Residents’

‘Provide Basic Banking Services To All Residents’

“We will legislate the requirement for licensed banks to have a duty to provide basic banking services to all residents,” Premier David Burt said today. This had been mentioned in the 2023 Throne Speech, which said, “In today’s digital age, the use of a bank account is a basic necessity for Bermudians. During this session, and similar... Read more of this article

‘Women In Finance’ Event Features Dianne Blais

‘Women In Finance’ Event Features Dianne Blais

Members and invited guests of Bermuda’s 100 Women in Finance network gathered for an event hosted and sponsored by Butterfield, featuring Dianne Blais. A spokesperson said, “Members and invited guests from Bermuda’s 100 Women in Finance network gathered for a thought-provoking and enlightening event to explore the distinctive financial challenges... Read more of this article

BMA Launches ‘Smart Investor Campaign’

BMA Launches ‘Smart Investor Campaign’

The Bermuda Monetary Authority [BMA] has launched a week-long online campaign promoting financial literacy and smart investor habits, as part of its participation in World Investor Week 2023. A spokesperson said, “Today, the Bermuda Monetary Authority [BMA] launches a week-long online public education campaign aimed at helping investors protect... Read more of this article

Premier Burt Travels To Europe For Meetings

Premier Burt Travels To Europe For Meetings

The Premier and Minister of Finance David Burt departed for Europe yesterday [Sept 30] where he “will lead a Government delegation and hold a series of meetings with EU officials in Brussels, Paris, and London, including the new Secretary General of the OECD.” A Government spokesperson said, “The Premier first travels to Brussels,... Read more of this article

Minister: 2095 People On Financial Assistance

Minister: 2095 People On Financial Assistance

“During 2022/23 the average number of persons on financial assistance was 2095 persons, compared to 2226 during the previous year,” Minister of Economy and Labour Jason Hayward said in the House of Assembly. He said, “The categories from highest participants to lowest are: pensioners [1023], disabled [758], earnings low [162] and able-bodied... Read more of this article

Ministry: Payroll For Public Officers

Ministry: Payroll For Public Officers

A Government spokesperson this evening [Sept 27] confirmed that “the Ministry of Finance, in conjunction with Ministry and Department Controllers, would ensure payroll for Public Officers is run for both monthly and weekly paid staff.” This advisory follows after the cyber-attack one week ago which caused extensive issues for various Government... Read more of this article

CFA Society To Offer Financial Literacy Series

CFA Society To Offer Financial Literacy Series

CFA Society Bermuda is offering its Financial Literacy Series, in partnership with the Bermuda College’s Athora Division of Professional and Career Education [APACE], beginning on September 20th, 2023. A spokesperson said, “The course will be delivered on Wednesday evenings, over four weeks online via Zoom. “Week 1 builds the foundation... Read more of this article

BEDC To Host ‘Financials 101′ Course

BEDC To Host ‘Financials 101′ Course

The Bermuda Economic Development Corporation [BEDC], in partnership with Abacus, is hosting an eight-week course called “Financials 101.” A spokesperson said, “This course is aimed at helping small and medium-sized business owners get better at handling their finances. The course will run from September 14th to November 2nd and will... Read more of this article