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Legislation to raise the debt ceiling by $600 million to $3.5 billion was approved by senators this morning. Independent senator James Jardine said of the Government Loans Amendment (No 2) Act: “I understand the need to provide for that based on the ...

Legislation was passed by MPs on Friday to raise the debt ceiling by $600 million to $3.5 billion. Curtis Dickinson, the Minister of Finance, said he “reluctantly” increased the limit earlier to cover costs related to the Covid-19 pandemic. He told a...

Bermuda has topped the latest global cost-of-living index. The island is No 1 on a list compiled by Numbeo.com, which compared the cost of living of 135 countries against the cost of living in New York City. After Bermuda, the next four most expensiv...

The Government is to raise the debt ceiling by $600 million to $3.5 billion. Curtis Dickinson, the finance minister, tabled an amendment to the Government Loans Act 1978 to raise the statutory borrowing limit in the House of Assembly yesterday. He ad...

Dominic Raab, the British Foreign Secretary, has welcomed Bermuda’s commitment to make its companies beneficial ownership register public as a step to improve global transparency. In an update to the British Parliament yesterday, Mr Raab said the isl...

Bob Richards believes Bermuda did not have to bow to international pressure and commit to making its companies beneficial ownership register public. However, the former finance minister understands why the Government has decided to do it. Mr Richards...

Bermuda’s companies beneficial ownership register is to go public. Financial regulator the Bermuda Monetary Authority has kept records of the owners of companies for about 70 years. The information is available to tax and law enforcement authorities ...

“Think before you speak. Read before you think.” – Fran Lebowitz To say I enjoy reading would be an understatement. A large part of my day involves reading — research reports, industry trade articles, investing blogs, and a smattering of geopolitical...

Due largely to unprecedented government stimulus programmes, global markets recovered strongly in the second quarter. The S&P 500 gained 20.54 per cent while the MSCI World Index recovered 19.57 per cent, marking the best quarterly performance is 199...

The Bermuda Monetary Authority says it expects registered companies in Bermuda to continue to conduct their board meetings by telephone, video conference or other virtual means, where it is not practical to meet physically due to the challenges arisi...

Businesses already hurt by the economic impact of Covid-19 are braced for another hit caused by the cancellation of Cup Match and associated events. Some of those in the West End, where Somerset Cricket Club was scheduled to host this year’s game on ...

This article was written in a Bermuda bedroom. It will be proofread in Paget, spellchecked in Sandys, and posted online from Pembroke. Home working has changed the way we work, and it is now changing how we pay our taxes. For those of us based on isl...