Hashtag: #Finance
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
‘Significant Amount Of Money Was Discovered’
The Bermuda Police Service is looking to identify the owner of “a significant amount of money which was discovered in the area of Church Bay Park, Southampton.” A police spokesperson said, “On Sunday, March 10, 2024, the Bermuda Police Service seized a significant amount of money which was discovered in the area of Church Bay Park,... Read more of this article
Investing Gender Gap Shows Signs Of Closure
For decades, there has been a significant gender investing gap, but now there’s evidence that it’s closing. Studies from Fidelity Investments and the CFA Institute in the United States indicate that 67% of women are investing, outside of retirement plans, a significant increase from 44% in 2018. More Gen Z and Millennial women are investing... Read more of this article
Minister Updates On FinTech, Business & More
As of the end of 2023, the Registrar of Companies listed 72 companies that engaged in activities related to FinTech, as compared to 53 such registrants in 2022, 36 in 2021, and 23 in 2020, Minister of Economy and Labour Jason Hayward said in the House of Assembly today [March 8]. The Minister said, “Beyond company registrations, it’s noteworthy... Read more of this article
Video: Premier Burt Press Conference
[Updated] The Premier and Minister of Finance David Burt is hosting a press conference aimed at spotlighting a new finance and economic initiative. We will have additional information later on, and in the meantime the live video is below. The 19-minute live video replay is below: Update: Premier David Burt said, “Good Afternoon to the Minister of... Read more of this article
Column: Robinson On Economy, Jobs & More
[Opinion column written by Senator Leslie Robinson] The PLP Government continues to demonstrate fiscal and economic competence. The data is clear, Bermuda’s economy is thriving, and there has been an expansion of jobs. The National Economic Report released last week highlighted the significant economic progress made. Economic Growth The Ministry... Read more of this article
