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A report faulting government financing of the Heritage Wharf project in Dockyard has been welcomed by Ray Charlton, the chairman of West End Development Corporation. Meanwhile, the contractor behind the cruise ship pier has released figures showing t...

Former minister Quinton Edness is calling on the Cabinet to launch an immediate investigation into the most recent findings of the Auditor-General. Mr Edness said scrutiny of the “litany of non-compliance with financial instructions (FIs) and related...

The Bermuda Government’s financial statements have received a qualified auditor’s opinion for the fifth consecutive year. Auditor-General Heather Jacobs Matthews yesterday released reports documenting the results of audits of the Consolidated Fund fo...

An almost 400-year-old Bermuda coin fetched more than $70,000 at auction recently. The coin, a rare Sommer Islands sixpence popularly known as “hogge money”, was one of a collection of coins sold at auction in New York on October 28. The event, prese...

Dear Sir, I have a persisting question: If, when paying for a purchase, the customer puts the money on the counter instead of in the cashier’s hand, is it OK for the cashier to put the change on the counter instead of in the customer’s hand? Sincerel...

Dear Sir, This letter is addressed to the Finance Minister, Bob Richards. I don’t want to hear you moan and groan again in the press about being $2.5 billion in debt as a government, or not being able to balance the budget. You have failed to make...

In the world of high finance, Lee Slonimsky could well be one of a kind — a successful hedge fund manager who is also an author and poet. His new novel, Bermuda Gold, features the Island as one of its locations and has an image of St George’s Harbour...

With gross national debt at $2.185 billion and facing another year with a budget deficit, the Bermuda Government is to execute a $200 million loan facility agreement with Butterfield Bank. Bob Richards, the Minister of Finance, made the announcement ...

A new Government report highlights Bermuda’s role in the global economy, including supporting jobs internationally. The report, commissioned by the Ministry of Finance and the Washington DC office, found that Bermuda supports around half a million jo...

Bermuda will soon be home to a regional branch of the 100 Women in Hedge Funds (100WHF) organisation. It has taken only three months for the fledgling Bermuda group to attract 100 members — the minimum requirement to create a regional location of the...

The Regulatory Compliance Association (RCA) will provide 100 scholarships in financial services compliance training. A press release announcing the scholarships stated that Premier Michael Dunkley and Minister of Economic Development Dr Grant Gibbons...

There was evidence of a Bermuda economy still in flux from the economic recession this week, as confirmation came that the Bermuda money supply this Cup Match holiday was at a seven-year low. The news came during Bermuda tourism’s high season, and at...