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A broad measure of Bermuda’s economic activity contracted sharply in the second quarter of 2020, primarily due to the devastating impact of the Covid-19 pandemic. Gross domestic product, the value of goods and services generated by the island’s econo...

Retailers and restaurants were feeling the love as many residents flush with unspent cash from coronavirus restrictions opted for a little Valentine’s Day extravagance this weekend. “It’s been crazy,” said Shirmika Brown at El Shaddai Luxury Flowers,...

Retail sales volume increased by 7.9 per cent in October year-over-year, marking the fourth consecutive month of rising sales for a sector of the economy hit hard by the impact of the Covid-19 pandemic. This compares to the previous year’s local reta...

Bermuda’s annual inflation rate remained negative for the fourth consecutive month in October at -0.2 per cent. In July 2020, the island recorded its first negative inflation rate since 1965. Consumers paid 0.2 per cent less for a basket of goods and...

As contributors to the orange, or creative, economy, Bermuda’s artists and artisans are sometimes overlooked when the impact of an economic downturn is considered. But the island’s creative community took a hit in 2020 due to the impact of the Covid-...

A friend asked me in a discussion over coffee: “Khalid, what is the workforce going to look like 30 years from now?” He asked this question after experiencing some service from waitresses who seemed disconnected from us as customers. We were comparin...

A prediction by the Premier that the island’s first casino will open this year was backed by the chief executive of the island’s gambling watchdog. Jean Major added that regulators are carrying out the mandated checks on an application from Hotelco, ...

Over the past week I have heard some of the following conversations: A senior requesting that someone come to fix a leak in her roof. One of my colleagues expressing that Bermudians are excluded from well-paid jobs. A lady expressed gratitude for a t...

The Minister of Finance has renewed a pledge that there will be no new taxes in this month’s Budget. Curtis Dickinson also promised Government departmental expenditure would be kept on a tight leash in the next financial year. Mr Dickinson said: “The...

The views expressed here are mine alone and not representative of any organisation or political party. In a recent address to his party faithful, the Premier clearly laid out the rationale for the introduction of income tax to Bermuda, framed in the ...

The cost of collecting taxes on income would be enormous and would require a “swelling” of the civil service, a former Minister of Finance has warned. In an opinion piece in today’s Royal Gazette, Bob Richards also said the burden of such taxes,...

The Premier highlighted Bermuda’s effort to develop into a fintech hub in an interview with Bloomberg at the weekend. David Burt said attracting international businesses was a key component of Bermuda’s economic recovery programme in the wake of the ...