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The Ministry of Finance has said it needs more time to respond to a request for records on a multimillion-dollar contract awarded to an unlicensed debt collection company. Oarrs Inc was awarded the contract to manage a claw back of almost $75 million...

A quintet of professional women working in finance have joined forces to offer a free virtual summit to mark Financial Literacy Month. The panel, entitled "The 5 C’s of Business Success" will be presented by “Black Women Empowering Finances”, and wil...

The construction company hired to lead the failed Caroline Bay luxury hotel project has been accused of transferring funds meant for local subcontractors out of Bermuda, in breach of an agreement. A written complaint was made to the Bermuda Police S...

The Government has hired a company which appears not to have a debt collection licence to manage the recovery of millions of dollars of unpaid land tax. OARRS Inc Limited will be paid 15 per cent of “all land tax arrears recovered” according to a no...

Mergers and acquisitions insurance market leader, William Monat, will be spearheading specialty company Mosaic’s global transactional liability business. Based in Chicago as executive vice-president, global head of mergers and acquisitions, Mr Monat...

A staff member at the Office of the Auditor-General has tested positive for the coronavirus. But Heather Thomas said most staff had been working remotely since January. Her office remains closed to walk-ins and a deep clean is now scheduled. The news...

The finance minister told MPs he was “disappointed” that the Auditor-General was unable to give a clean audit for the latest financial statements of the Government’s general operating fund. Curtis Dickinson said the Government should be “setting an e...

Bermuda’s hospitals are surviving from pay cheque to pay cheque, with no financial reserves to cover unexpected emergency costs. The Bermuda Hospitals Board has even had to arrange a bank overdraft as a back-up should it need extra cash in an unfore...

More than half a million dollars has been spent by the police service on consultants in the past 21 months. A notice published in the Official Gazette yesterday revealed that two special investigators, two crimes of scene investigators and an intell...

The owners of the Fairmont Southampton expect to eventually make a trading profit of more than $32 million after the hotel is renovated, their agents have told potential investors. Bermuda’s largest resort – which contains about a quarter of the isla...

The Government is considering a request to provide a multimillion-dollar guarantee in support of the stalled redevelopment of the Fairmont Southampton. The request is the second after hotel owners Gencom last year failed to meet a number of condition...