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  • If you are looking for an unforgettable gift, look no further! Buy a star name to commemorate that occasion or for the perfect memorial. You can see your gift shining down from the sky every night.

  • If you are looking for an unforgettable gift, look no further! Buy a star name to commemorate that occasion or for the perfect memorial. You can see your gift shining down from the sky every night.

  • If you are looking for an unforgettable gift, look no further! Buy a star name to commemorate that occasion or for the perfect memorial. You can see your gift shining down from the sky every night.

  • If you are looking for an unforgettable gift, look no further! Buy a star name to commemorate that occasion or for the perfect memorial. You can see your gift shining down from the sky every night.

  • Free nights in Bermuda (on min 3 night booking) with Expedia! {click} If you are in Dockyard, there is only one place to watch the world go by as you enjoy a meal or a drink! Bonefish Bar & Grill and The Boner Bar. Chef Livio Ferigo has devised a large and varied menu for …

  • The Louis Vuitton America’s Cup Qualifiers are now just over four months away. This may be practice, but the real thing starts soon, so undertaking the discipline of a simulated race day is something the competitors are taking seriously.

    Iain Murray, the Regatta Director, has come out before to set up the race courses, continue to learn more about the venue and the weather, and conduct racing that gives the teams an opportunity to line up against each other.

  • The Louis Vuitton America’s Cup Qualifiers are now just over four months away. This may be practice, but the real thing starts soon, so undertaking the discipline of a simulated race day is something the competitors are taking seriously.

    Iain Murray, the Regatta Director, has come out before to set up the race courses, continue to learn more about the venue and the weather, and conduct racing that gives the teams an opportunity to line up against each other.

  • The Louis Vuitton America’s Cup Qualifiers are now just over four months away. This may be practice, but the real thing starts soon, so undertaking the discipline of a simulated race day is something the competitors are taking seriously.

    Iain Murray, the Regatta Director, has come out before to set up the race courses, continue to learn more about the venue and the weather, and conduct racing that gives the teams an opportunity to line up against each other.

  • The Louis Vuitton America’s Cup Qualifiers are now just over four months away. This may be practice, but the real thing starts soon, so undertaking the discipline of a simulated race day is something the competitors are taking seriously.

    Iain Murray, the Regatta Director, has come out before to set up the race courses, continue to learn more about the venue and the weather, and conduct racing that gives the teams an opportunity to line up against each other.

  • The Louis Vuitton America’s Cup Qualifiers are now just over four months away. This may be practice, but the real thing starts soon, so undertaking the discipline of a simulated race day is something the competitors are taking seriously.

    Iain Murray, the Regatta Director, has come out before to set up the race courses, continue to learn more about the venue and the weather, and conduct racing that gives the teams an opportunity to line up against each other.

  • The Louis Vuitton America’s Cup Qualifiers are now just over four months away. This may be practice, but the real thing starts soon, so undertaking the discipline of a simulated race day is something the competitors are taking seriously.

    Iain Murray, the Regatta Director, has come out before to set up the race courses, continue to learn more about the venue and the weather, and conduct racing that gives the teams an opportunity to line up against each other.

  • The Louis Vuitton America’s Cup Qualifiers are now just over four months away. This may be practice, but the real thing starts soon, so undertaking the discipline of a simulated race day is something the competitors are taking seriously.

    Iain Murray, the Regatta Director, has come out before to set up the race courses, continue to learn more about the venue and the weather, and conduct racing that gives the teams an opportunity to line up against each other.

  • The Louis Vuitton America’s Cup Qualifiers are now just over four months away. This may be practice, but the real thing starts soon, so undertaking the discipline of a simulated race day is something the competitors are taking seriously.

    Iain Murray, the Regatta Director, has come out before to set up the race courses, continue to learn more about the venue and the weather, and conduct racing that gives the teams an opportunity to line up against each other.

  • The Louis Vuitton America’s Cup Qualifiers are now just over four months away. This may be practice, but the real thing starts soon, so undertaking the discipline of a simulated race day is something the competitors are taking seriously.

    Iain Murray, the Regatta Director, has come out before to set up the race courses, continue to learn more about the venue and the weather, and conduct racing that gives the teams an opportunity to line up against each other.

  • The Louis Vuitton America’s Cup Qualifiers are now just over four months away. This may be practice, but the real thing starts soon, so undertaking the discipline of a simulated race day is something the competitors are taking seriously.

    Iain Murray, the Regatta Director, has come out before to set up the race courses, continue to learn more about the venue and the weather, and conduct racing that gives the teams an opportunity to line up against each other.

  • The Louis Vuitton America’s Cup Qualifiers are now just over four months away. This may be practice, but the real thing starts soon, so undertaking the discipline of a simulated race day is something the competitors are taking seriously.

    Iain Murray, the Regatta Director, has come out before to set up the race courses, continue to learn more about the venue and the weather, and conduct racing that gives the teams an opportunity to line up against each other.

  • The team arrived back in Bermuda on January 2nd returning from a much-deserved two-week holiday – a chance for many members to travel back home and spend time with family prior to the final intensive testing period currently starting up.

  • The team arrived back in Bermuda on January 2nd returning from a much-deserved two-week holiday – a chance for many members to travel back home and spend time with family prior to the final intensive testing period currently starting up.

  • The team arrived back in Bermuda on January 2nd returning from a much-deserved two-week holiday – a chance for many members to travel back home and spend time with family prior to the final intensive testing period currently starting up.

  • The team arrived back in Bermuda on January 2nd returning from a much-deserved two-week holiday – a chance for many members to travel back home and spend time with family prior to the final intensive testing period currently starting up.

  • The team arrived back in Bermuda on January 2nd returning from a much-deserved two-week holiday – a chance for many members to travel back home and spend time with family prior to the final intensive testing period currently starting up.

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Protesters force closure of Bermuda’s House of Assembly

March 15, 2016 - Author: bdadmin

HAMILTON, Bermuda (CMC) — Bermuda’s House of Assembly remained closed yesterday after legislators were locked out by protesters who formed a human ring around the building in a continuing protest against government’s proposed Pathways to Status initiative.

Premier of Bermuda, Michael Dunkley.

Premier of Bermuda, Michael Dunkley.

Politicians were due to debate the controversial bill but an estimated 1,500 protesters, who stayed in the House grounds all day, demanded the status bill be withdrawn. At 6.15 pm yesterday the Rev Nicholas Tweed, spokesman for pressure group the People’s Campaign, announced that the One Bermuda Alliance (OBA) Cabinet had ‘gone home’.

He said that the Speaker of the House, Randy Horton, had said the House would reconvene on Wednesday but Tweed told protesters it did not mean they had won their fight.

“We have decided to return tomorrow (today). You have decided to return tomorrow. There’s one condition. We [will] double [or] triple the number,” he said.

There was no immediate comment from the Government.

Among the protesters was Enda Matthie, who has been on hunger strike for seven days.

Bermuda Industrial Union President Chris Furbert told the crowd, “This is not a labour issue this is a national issue.

“All we are asking for is what is just and fair. The country needs to see the bigger picture.”

Furbert said a government offer — which he did not elaborate on — had been received but rejected.

He admitted protesters were walking a thin line, but added that it was in everyone’s interest to resolve the matter.

“Let’s be patient,” he said, calling Bermuda “the laughing stock of the world right now”.

Earlier, the Bermuda Chamber of Commerce weighed in on Pathways to Status, saying it supports the legislation.

However, Chamber President John Wight said “simultaneous” efforts must also be made to address the social needs of the community.

“With the Chamber’s mission being to ‘cultivate the best environment in which all businesses can prosper’, the executive board of the Chamber of Commerce supports the concept of the proposed immigration reform legislation but stresses that there must be simultaneous measures taken to address the social needs of the community to ensure its success for all sectors of Bermuda,” Wight stated.

He added that the private sector group believes getting Bermuda’s economy and community “back on track should be the focus of our collective efforts”.

The legislation, which Wight described as a “very critical issue for all of Bermuda”, has been introduced to provide more permanence to guest workers who have met minimum threshold limits of residency in Bermuda.

“We are very sensitive to the emotion in our community over this issue.There are many struggling businesses and unemployed persons who, through no fault of their own, are barely surviving and are having difficulty supporting themselves and their families.

“We also recognise that there are deep-rooted feelings, based on historic amendments to immigration policies that have adversely impacted certain segments of our community,” Wight said.

While Wight said that it may “understandably be illogical to feel that the proposed legislation will improve the situation”, the reality is that with an ageing population and “more people drawing upon the Government’s bank account than paying into it, Bermuda must increase the numbers of people contributing to the system through increased employment and population expansion”.

More people working and living on island equates to more economic activity, he added.

“We have been very clear and consistent in our message; Chamber members, who represent all sectors of the business community, small, medium, and large, need more people in Bermuda to sell their goods and services to. Several of our members have been struggling for many years.

“The only way for these companies to measurably improve their economic circumstances is to generate more volume of sales, which can only occur if we have more people in Bermuda.

“The discussion, therefore, should not be ‘if’ Bermuda needs more residents. The discussion needs to be around how do we address the real and current needs in the community, increase the numbers of residents, benefit our economy and ensure the economic success of both current and new residents.

“In addition, one part of the solution we believe, has to be to attract many of those Bermudians who have left, to come back home and to prosper in a growing economy.”

Government wants to usher in the Bermuda Immigration and Protection Amendment Act 2016 that would open the door for long-term guest workers to gain permanent residency after 15 years and Bermuda status (citizenship) after 20 years but the plan has split the country.

Home Affairs Minister Michael Fahy has said amending the 1956 Immigration Act would bring Bermuda in line with the European Convention on Human Rights, generate revenue and help to address the decreasing work population.

Even though Bermuda has emerged from six years of recession the island is struggling to improve its fragile economy.

Meanwhile, Premier Michael Dunkley has revealed that civil servants took almost 38,665 sick days in the 2015/16 fiscal year at a cost of $10.6 million to the Government.

source:  jamaicaobserver.com

No Comments - Categories: Bermuda Business, Bermuda Employment, Bermuda Government, Bermuda News, Bermuda Politics

Moody’s: ‘Fiscal Consolidation Efforts Bear Fruit’

February 29, 2016 - Author: bdadmin
 Bermuda, Minister of Finance Bob Richards

Bermuda, Minister of Finance Bob Richards

Moody’s issued a credit report on Bermuda, Minister of Finance Bob Richards said in the House of Assembly today [Feb 26], with the report noting that the ”Government’s success in reducing the budget deficit reflects its increased efforts to maintain fiscal discipline and a moderate economic rebound that took hold in 2015 following a six year recession.”

Minister Richards said, “As emphasized in the 2016/17 Budget Statement, the Bermuda Government lives off credit, therefore, it is essential that we conduct our financial affairs in such a manner that is acceptable to our lenders.

“The perceptions of the lenders to Bermuda, as a credit risk, are strongly influenced by the analysis and conclusions of the major credit rating agencies: in Bermuda’s case, Standard & Poors and Moody’s.

“On February 8, 2016, Moody’s issued a credit report on Bermuda which reflected mainly on the fiscal performance released by the Government for the first three quarters for is fiscal year 2015/16.

“The headline of the report read as follows: “Bermuda’s Fiscal Consolidation Efforts Bear Fruit, a Credit Positive.”

“Mr. Speaker here is a few of the highlights:

  • 1. “The government’s success in reducing the budget deficit reflects its increased efforts to maintain fiscal discipline and a moderate economic rebound that took hold in 2015 following a six year recession.”
  • 2. “As a result, the deficit should narrow to about $220 million, or 3.8% of GDP in fiscal 2015. The resulting drop in the fiscal deficit may exceed 1.5percentage points, making it the most significant fiscal consolidation for Bermuda in more than 20 years.”
  • 3. “Growth over the next few years will be supported by higher infrastructure investment in the tourism sector, as well as improvements to Bermuda’s only airport ahead of the America’s Cup race in 2017.”
  • 4. “The latest labor statistics also suggest that the international business sector has resumed growth. Sustained growth in that sector in addition to infrastructure investment will likely create new jobs, supporting growth in average wages in the economy and payroll tax receipts for the government.”

“It should be noted that this report was written before the 2016/17 budget was unveiled last Friday.

“Mr. Speaker, it is gratifying to note that important, unbiased, expert analysts have noticed the progress this government has made in repairing the broken government finances and the economy as a whole we inherited from the former administration,” Minister Richards concluded.

No Comments - Categories: Bermuda Business, Bermuda Government, Bermuda News, Moody's Bermuda