593 results returned for search: "" category ("Economy" AND "Business")
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
Building a strategy for Bermuda’s economic recovery is the goal of a two-day gathering between Government, the Island’s unions and the private sector.
Around 150 representatives from the Island’s business, hospitality and union sectors will come toge...
DATE: Nov 13, 2013
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CATEGORY:
Economy
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AUTHOR:
Owain Johnston-Barnes
Government debt continues on an easy uphill climb, revenues were weaker than expected last year and the economy is limping along, according to the latest Government report.
But the Finance Ministry manages a glimmer of optimism in its just released f...
DATE: Aug 19, 2013
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CATEGORY:
Economy
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Richards: Bermuda was swimming naked when the economic tide went out
By Scott Neil
Bermuda was caught swimming naked when the economic tide went out in 2008, Finance Minister Bob Richards told conference delegates yesterday.
Speaking at the Capital G...
DATE: Apr 12, 2013
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CATEGORY:
Economy
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The first phase of revised work permit policies, with a series of changes to work permit fees, come into effect today according to the Ministry of Home Affairs.
Legislation modifying the cost of fees was passed in the House of Assembly last month, ap...
DATE: Apr 01, 2013
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CATEGORY:
Economy
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AUTHOR:
Owain Johnston-Barnes
