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Bermuda’s fintech sector is small but thriving under the watchful gaze of the island’s financial regulator, according to industry professionals. The Royal Gazette spoke with many of the 16 companies licensed under the Digital Asset Business Act 2...

The Bermuda Stock Exchange listed financial services investment holding company, Somers Ltd., has reported a net loss over the second half of the year and substantial declines in shareholders’ equity and net asset value per share in its full year res...

The Bermuda Monetary Authority was praised as a world-class financial authority by MPs in the House of Assembly on Friday. The plaudits came after legislators passed a Bill to create a new class of innovative insurer through the Insurance Amendment A...

An average of about 40 more people a month received financial assistance in 2021-22 compared with the previous year, the House of Assembly heard on Friday. Jason Hayward, the Minister of Economy and Labour, said there was an increase in the number of...

Leading analysts have painted a bleak picture of Bermuda’s economic future in the wake of disappointing financial statistics. Craig Simmons, a Bermuda College lecturer, and Robert Stubbs, a researcher for the think-tank SEED, said that a lack of inve...

An advisory group set up in 2015 to help keep Bermuda’s economy on a steady course is to get its first review. An assessment of the Financial Policy Council, which will include consultation with others in the island’s financial sector, is expected to...

Dear Sir, Beverly Connell’s excellent and well-researched comments in her letter in today’s paper (October 13, 2022) should be an urgent rallying cry to all of us — not just our political leaders. It is more than alarming that our futures are being j...

When it comes to money and chances, precarious financial literacy may hinder the future of those just starting out in life. Financial literacy is vital because it empowers us with the information and skills necessary for efficient money management, a...

Dear Sir, Quite the political “finger wagging” has been going on as of late, with regard to who is responsible (to blame) for the tardiness of the Government’s financial reporting. Public works minister Lieutenant-Colonel David Burch recently gave th...

The Government yesterday tabled legislation to make a number of essential goods duty free in an effort to address the cost of living. David Burt, the Premier, said the Customs Tariff Amendment (No 3) Act 2022, tabled in the House of Assembly, would ...

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...