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Butterfield Bank has added to the prizes offered in its Mastercard ‘Perks’ Campaign, including a four-night stay at the new St Regis Bermuda Resort, in St George’s. The bank said the promotional campaign supports local merchants and the economy by en...

A fall in the island’s gross domestic product last year will lead to more job losses, the Leader of the Opposition warned yesterday. Cole Simons, also the One Bermuda Alliance’s shadow finance minister, said that GDP was expected to drop by seven to ...

Almost 100 businesses have applied to be part of Government’s $13m economic stimulus programme aimed at small to medium-sized contractors. The deadline for submissions for the Short Term Stimulus Programme was February 15 and the responses to the Re...

A decision to back the stalled Caroline Bay resort with a $165 million guarantee was defended today by the Leader of the Opposition. Cole Simons, also the One Bermuda Alliance shadow finance minister, said the Morgan’s Point site in the West End, a ...

More than $30 million was spent in the battle against the coronavirus in the first seven months after its arrival last March, it was revealed today. The news came in a report issued by Heather Thomas, the Auditor-General, after an examination of the...

There are positive signs that many businesses have managed to deal with the impact of Covid-19 pandemic, however some are still greatly affected. The Bermuda Chamber of Commerce surveyed businesses in Hamilton, North Hamilton, St George’s, and Dockya...

A dedicated task force based in the Cabinet Office will be formed to drive Bermuda’s economic recovery as the pandemic eases , the Premier said today. David Burt told the House of Assembly that a recovery plan had been devised to renew the economy a...

A new immigration policy designed to attract investors in Bermuda could hurt condominium sales, a top real estate has warned. Buddy Rego, of Rego Sotheby’s International Realty, said non-Bermudians must have a Permanent Residents’ Certificate to purc...

The Budget will help diversify the economy and increase the workforce without a hike in the national debt, the finance minister said at a press conference today. Curtis Dickinson renewed his pledge that there would be no new taxes in the next 12 mont...

There are almost 3,000 fewer jobs on the island than a year ago, the Premier said yesterday. But David Burt predicted last Friday’s Budget laid the foundations for an economic recovery that would diversify the economy and get Bermudians back to work....

Bermuda’s financial liabilities stretch far beyond its net debt of $3 billion. It is estimated a further $1.5 billion to $1.7 billion of unfunded liabilities are stored up in the Public Sector Superannuation Fund, the Ministers and Members Legislatur...

I remember the Golden Hinds fiasco perhaps 30 or so years ago, where a feud between a couple of United Bermuda Party government ministers destroyed an opportunity to develop that property into a brand-new, luxury Ritz-Carlton. The development was fi...