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The appointment of a new accountant-general was announced by the Government this afternoon. A spokeswoman for the Ministry of Finance said that Dionne Morrison-Shakir took up the post on August 1. She added: “Mrs Morrison-Shakir is a chartered accoun...

Four years of audited accounts from the Bermuda Hospitals Board are expected to be made public by the end of December, the organisation’s chief financial officer has said. Bill Shields predicted that records up to 2020 will be available and added tha...

A pledge by the Government to hand out rebates on payroll tax could turn into a “bureaucratic nightmare”, a former finance minister has said. Bob Richards, who held the Cabinet post during the One Bermuda Alliance administration, said the onus would ...

In Part 1, we covered building generational wealth and how race plays a part in Bermuda’s wealth gap. Now, we’re back to talk about how to grow generational wealth from scratch and how to stay on track for financial success It is estimated that ...

Managing funds at the island’s hospitals is “extremely challenging in the current environment”, the Bermuda Hospitals Board’s chief financial officer has said. Bill Shields added that the BHB was affected by rising costs and global economic challenge...

The Government will have the ability to dictate to banks what fees they can impose on customers under legislation passed in the House of Assembly on Friday. The Banks and Deposit Companies Amendment Act 2022 will also enable the Minister of Finance –...

The Government is still stonewalling questions about why it failed to involve the police after it accused a debt recovery company it hired of committing a “criminal offence”. A secret court settlement was made with Oarrs Inc in May, but ministers...

The Government has secretly settled a lawsuit brought against it by a company it allowed to collect taxes on its behalf without a licence. Oarrs Inc filed the civil writ against the Office of the Tax Commissioner in July last year, alleging it was ow...

Bermuda is in “a better financial position” than expected earlier in the year, the Premier, David Burt, told the House this morning. Mr Burt, who is also the Minister of Finance, said that when the Budget was presented in February, revenues for the c...

Wealth starts with a vision and a plan the whole family can engage in. The earlier you start thinking about building a legacy, the better. In this two-part series, we break down the nuances of building generational wealth, financial planning and addr...

A selection of rare Bermuda banknotes sold for more than $6,000 at an auction in London today. The highest selling Bermuda item was a £10 bill printed in 1964, which sold for £900, or about $1,130. Another bill — a five-shilling note printed in Octob...

A former finance minister has criticised David Burt, the Premier, for not taking the lead role at an international finance conference in Barbados