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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...

Bermudian-based Athene Holdings Ltd and Apollo Global Management have entered into a definitive agreement to merge in an all-stock transaction that implies a total equity value of approximately $11 billion for Athene, the companies announced. The com...

Potential buyers have been lined up for the stalled Caroline Bay resort complex, the finance minister revealed yesterday. Curtis Dickinson added Gencom, the owners of the shuttered Fairmont Southampton Hotel, were still trying to raise money for the ...

A drive to create business opportunities should be launched by the Government, the One Bermuda Alliance said tonight. Cole Simons, the Leader of the Opposition and shadow finance minister, said that support was vital, particularly for the young becau...

Cheryl-Ann Lister has been appointed as acting Financial Secretary. Ms Lister’s appointment came after the sudden death of Anthony Manders, who held the post, in January. She will take temporary leave as chairwoman of the National Anti-Money Launderi...

Bermuda does not need to return to the international capital markets to refinance debt this year, but finance minister Curtis Dickinson is monitoring them in case he has to “go early” to achieve a lower rate for the next chunk of maturing debt. Some ...

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...

Government spending will top the $1 billion mark in the next financial year, the Minister of Finance revealed yesterday. Curtis Dickinson said that estimated revenue for the year was $998.8 million and that a Budget deficit of $124.5 million would be...

Government’s net debt has risen to $3 billion, the finance minister revealed yesterday. But Curtis Dickinson said the landmark figure could have been higher had Government not put the brakes on spending after the Covid-19 pandemic struck. Mr Dickinso...

The Budget does very little to help the non-profit sector, charity leaders said yesterday. Jennifer Burland-Adams, the co-chair of the Non-Profit Division of the Chamber of Commerce, said that she was “disappointed” workers with registered charities ...

The finance minister today signalled that a special fund created as the Government’s piggy bank would be used to cover a Budget deficit. Curtis Dickinson, the finance minister, said the Government expected to be short by $124.5 million in the 2021/22...

A 10 per cent public sector pay cut last year will not be extended in the 2021-22 Budget, the Premier revealed last night. David Burt wrote on twitter: “We are most proud to recognise the sacrifice of public sector workers by presenting a budget that...