537 results returned for search: "" category ("Economy" AND "Business")
Former Premier Alex Scott has warned that Budget cuts should not hit the most vulnerable people in Bermuda.
And he said savings could be made through more efficient Government — rather than through large-scale job losses or privatisation.
He added th...
DATE: Feb 20, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Union chief Kevin Grant says the Budget should concentrate on building the economy — not cutting jobs.
Mr Grant — president of white collar union the BPSU — added that a multimillion pound cutback programme that involved the loss of hundreds of Civil...
DATE: Feb 20, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
More than $100 million could be slashed from Government expenditure in Friday’s Budget, an economics expert said yesterday.
Consultant Peter Everson predicts that Finance Minister Bob Richards will aim for larger cuts than those proposed by the SAGE ...
DATE: Feb 19, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Only a day after an industrial dispute that brought buses and ferries to a standstill was resolved, Government met with union leaders and employers groups to continue discussions on shared sacrifice.
The Tripartite Economic Committee gathered on Frid...
DATE: Feb 10, 2014
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CATEGORY:
Economy
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AUTHOR:
Owain Johnston-Barnes
Healthcare costs jumped by 7.7 percent last year compared to 2012, the latest consumer price survey has revealed.
The sector saw the biggest rise in costs — helping to propel the overall price of goods and services in Bermuda up 1.9 percent in Decemb...
DATE: Jan 30, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s struggling economy is expected grow this year for the first time in five years, according to forecasts from a prestige UK magazine.
The Economist predictions for the coming year said the Island should expect gross domestic product (GDP) gro...
DATE: Jan 17, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
The value of Bermuda’s imports grew 9.4 percent to $258 million during the third quarter, and business services were also up by $4 million, The Department of Statistics’ balance of payments report stated.
Bermuda’s current account recorded a surplus...
DATE: Dec 20, 2013
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CATEGORY:
Economy
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Local businesses say they are also hurting during the economic recession — despite popular opinion that they aren’t shouldering enough of the load.
The Bermuda Chamber of Commerce yesterday declared itself “dismayed” by a poll commissioned by The Roy...
DATE: Dec 03, 2013
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CATEGORY:
Economy
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AUTHOR:
Jonathan Bell
The Opposition will have an opportunity to address the Tripartite Economic Committee, according to Home Affairs Minister Michael Fahy.
Sen Fahy said that while he denied an “eleventh hour” request to consider inviting the Progressive Labour Party to ...
DATE: Nov 21, 2013
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CATEGORY:
Economy
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AUTHOR:
Owain Johnston-Barnes
Bermuda’s biggest pension schemes are underfunded by around $3 billion, the SAGE Commission reported yesterday.
And it said people would have to pay more into schemes, while the retirement age should increase to 68 — and up to 70 if necessary.
And SA...
DATE: Nov 16, 2013
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
