537 results returned for search: "" category ("Economy" AND "Business")
Although several people on the streets of Hamilton said they had not had time to read up on Friday’s Budget, a few did offer their thoughts on what Finance Minister Bob Richards presented to the Island on Friday.
Stratton Hatfield, 28, said that whil...
DATE: Feb 25, 2014
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CATEGORY:
Economy
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Bankers have declined an opportunity to reply to an attack by Finance Minister Bob Richards on their lending and interest policies as a drag on Bermuda’s recovery from recession.
Bermuda Bankers’ Association chief Brendan McDonagh, the chairman and C...
DATE: Feb 25, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Premier Craig Cannonier last night hailed the recently unveiled budget as setting the Island on the road to recovery.
The 2014/15 Budget, tabled by Finance Minister Bob Richards on Friday, cuts public spending by $70 million and promises no Governmen...
DATE: Feb 24, 2014
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CATEGORY:
Economy
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AUTHOR:
Owain Johnston-Barnes
The Bermuda Government will pay more than $310,000 per day in interest on its growing mountain of debt in the coming fiscal year.
And despite the $70 million of cuts in public spending announced yesterday, next year’s Budget will run a projected defi...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Jonathan Kent
The Civil Service must be cut after the coming fiscal year, Finance Minister Bob Richards warned as he outlined the advantages of mutualisation or privatisation.
Staff layoffs will be inevitable unless “non-core functions” are outsourced after 2014/1...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Tim Smith
The days of the 60/40 ownership rule appear numbered after Finance Minister Bob Richards declared it was blocking foreign investment which could restore Bermuda to prosperity.
In his Budget Statement, Mr Richards described the regulation — which guar...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Tim Smith
A programme of cuts in public spending of more than $70 million was yesterday announced by Finance Minister Bob Richards.
And he signalled further expenditure cuts of 15 percent over the next three years — but said that there would be no public servi...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Fees for medical services in Bermuda will be slashed by more 45 percent in the next year, Finance Minister Bob Richards announced in the Budget.
Just $10.07 million is expected to spent compared to $18.53 million last year.
And Government’s reliance...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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The number of jobs in Bermuda fell by 921 last year, preliminary data from a survey of businesses shows.
But the Ministry of Finance is projecting that Bermuda’s economy is likely to emerge from a five-year recession in the second half of this year w...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Jonathan Kent
Government is pumping an additional $9 million into its financial assistance programme in order to help struggling Bermudians living on the poverty line.
Community and Cultural Affairs Minister Wayne Scott is expected to make a formal request for the...
DATE: Feb 21, 2014
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CATEGORY:
Economy
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AUTHOR:
Gareth Finighan
