Hashtag: #PaulaCox
Premier Cox: Pre-Budget Report
[Updated with full report/videos] Premier and Minister of Finance Paula Cox said the Government’s Pre-Budget Report will be released to the public later today [Dec.12] and provided some initial data. The Premier said the data is “consistent with the expectation that the road to full economic recovery will be long and not without continuing challenges.” Estimates... Read more of this article
Parliament Approves BMA Regulations
Bermuda Monetary Authority fees will be kept to a minimum in 2012 — and reduced in the case of some locally-based insurers — in a bid to stimulate the financial services sector, Parliament was told on Friday [Dec. 10]. Premier and Finance Minister Paula Cox told the House of Assembly that given the contracting local economy and increasing... Read more of this article
Bermuda Insurance Act Reforms
The Premier and Finance Minister said amendments to the island’s Insurance Act passed by Parliament last night [Dec. 9] strengthen both Bermuda’s regulatory regime as well as its competitive advantage. Premier Paula Cox said ongoing reforms and upgrades to Bermuda’s off-shore re/insurance regulatory framework to keep current with international... Read more of this article
Premier: Auditor’s Action ‘Very Odd’
[Updated with video] Premier and Minister of Finance Paula Cox commented today [Dec.9] on a letter sent by the Auditor General to Speaker of the House of Assembly Stanley Lowe. The letter was read in full by the Speaker earlier today in the House of Assembly as one of the Announcements by the Speaker. It said: The Audit Act 1990 requires me to submit... Read more of this article
Premier Unveils Jobs Creation Plan
Premier Paula Cox provided Parliament with the outlines of a substantive plan aimed at helping job creators put Bermudians back to work when the House of Assembly met on Friday [Dec.2]. Describing the Incentives for Job Makers Act 2011 as major initiative aimed at stimulating business growth and employment, the Premier said the legislation —... Read more of this article
Photos: 2011 Premier’s Tree Lighting
The Cabinet Grounds on Front Street were filled with holiday spirit on Saturday night [Dec.3], when Premier Paula Cox hosted the Tree Lighting Ceremony. Children joined the Premier in decorating the Christmas trees with festuve balls, bows and candy canes while the Steel Pan Group provided music. After the Premier addressed the crowd and the tree lights... Read more of this article
OBA: 35% Duty Not Temporary
In a statement released last night, Bob Richards and Dr. Grant Gibbons said, “Premier Cox revealed during the House of Assembly debate on Friday the Customs Tariff Amendment Act that the “temporary” 35 percent airport duty on goods declared by people returning from overseas has now become permanent. “The Premier’s decision imposes... Read more of this article
Premier Introduces Customs Duty Changes
In a bid to stimulate the island’s stagnant economy, the Premier yesterday [Nov. 25] formally introduced measures in Parliament increasing the rate of duty payable on accompanied goods imported for personal use from 25 percent to 35 percent. In addition, the $100 duty free allowance for returning residents will be restricted so that where two... Read more of this article
Cox: ‘Frank & Meaningful UK Talks’
Bermuda Premier Paula Cox said today [Nov.25] she welcomes the intention of the UK Coalition Government to engage a new partnership with the Overseas Territories and acknowledges the obligations on all parties within that relationship. The Premier concluded two days of discussions at the annual Overseas Territory Consultative Council [OTCC] in London... Read more of this article
Premier Signs Malta Tax Agreement In UK
Bermuda’s Ministry of Finance announced today [Nov. 24] the signing of a bilateral tax information exchange agreement with the Republic of Malta. The agreement, which took place in London, was signed by Maltese High Commissioner to the UK H.E. Joseph Zammit Tabona and Premier and Finance Minister Paula Cox. “Negotiations took place in Bermuda during... Read more of this article
Premier Meets With UK Minister
Bermuda Premier Paula Cox met privately with British Foreign Office Minister Henry Bellingham in London yesterday [Nov. 22] just prior to the convening of the Overseas Territories Consultative Council to discuss the UK’s future strategy towards its 14 remaining dependencies. Hosted by Foreign Office Minister for the Overseas Territories Mr.... Read more of this article
Premier In UK For Overseas Territories Talks
Bermuda’s Premier Paula Cox [pictured] is currently in London to attend this week’s annual Overseas Territory Consultative Council [OTCC] meeting. The OTCC, which is organised by the UK’s Foreign and Commonwealth Office [FCO], provides an opportunity for FCO officials and various Ministers across all sectors of the UK government to have... Read more of this article
