Annex II and Forum for Harmful Tax Practices (FHTP) Conclusion

Following a positive formal decision by OECD Forum for Harmful Tax Practices, Bermuda anticipates removal from EU’s Annex II

In November 2021, the OECD’s Forum for Harmful Tax Practices (FHTP) issued Bermuda with an urgent recommendation to initiate certain exchanges of information relating to economic substance. These exchanges were completed in December 2021, fulfilling the recommendation well in advance of its April 2022 deadline.

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Minister Hayward Joins BTA for Joint Hotelier Stakeholder Meeting

Recently, the Minister of Economy & Labour, the Hon. Jason Hayward, JP, MP, joined the Bermuda Tourism Authority (BTA) for a joint hotelier stakeholder meeting hosted at Rosewood Bermuda.

This meeting is a follow-up to one held at the Hamilton Princess and Beach Club in December 2021. It represents stakeholders’ ongoing commitment to having an open dialogue about the hospitality industry’s challenges and viable solutions.

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Hamilton Princess & Goslings Join EcoSPIRITS

The Hamilton Princess and Goslings are supporting the ecoSPIRITS Climate Partner Program, with Goslings to offer its rums in low-waste ecoTOTE format and the Hamilton Princess serving two special sustainable cocktails for the months of May, June and July. A spokesperson said, “To mark the local launch of closed loop service in Bermuda, ecoSPIRITS and its licensed operator, Bermuda Gin Co, have […]

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Sue Couper Joins LOM As General Manager

LOM Financial Group announced that Sue Couper has joined LOM as General Manager, LOM Asset Management Limited. A spokesperson said, “This is her second tenure with LOM, having spent 5 years previously with the company as Managing Director for LOM Financial [Bermuda] Limited. “Sue has nearly four decades of experience in financial services. Holding Chartered […]

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BMA: $2 Million In Civil Penalties On Conyers

The Bermuda Monetary Authority has levied civil penalties of just over $2 million on Conyers Corporate Services Limited and Conyers Trust Company [Bermuda] Limited for “historic failures to adequately comply” with certain regulations. Conyers Corporate Services Limited: $981,000 A spokesperson said, “The Bermuda Monetary Authority [Authority] has levied civil penalties totalling $981,000 on Conyers Corporate Services […]

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BELCO: Fault In Hamilton Being Repaired

BELCO advised that there has been a “fault in the underground transmission network in Hamilton under Dundonald Street between Parliament Street and Court Street. A spokesperson said, “BELCO crews are on-site and work to fix the fault will commenced Monday evening. As the fault is underground repairs are expected to last until Friday, May 6th. “For […]

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SiriusPoint Builds Out Technology Team

SiriusPoint Ltd has made appointments to its information technology team, “building out a diverse set of expertise to transform the way the company operates and supports its business functions.” A spokesperson said, “SiriusPoint Ltd, a global insurer and reinsurer, has made key appointments to its information technology team, building out a diverse set of expertise […]

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“Student Essays For The Soul” Book Signing

Bermudian author Neletha Butterfield will be signing copies of her latest book, “Student Essays for the Soul” at The Bookmart on Front Street on Saturday [May 7]. The book shares more than 200 essays written by students who either left or were expelled from public school before graduation. Ms Butterfield, who founded the CARE Learning […]

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Explosion In Southampton, Five People Injured

[Updating] Emergency service personnel are responding to an incident in the Southampton area this evening [May 2], with unofficial reports suggesting there was some form of an issue with a house. Ambulance, fire vehicles and police vehicles can be seen. Further confirmed details are limited at this time, however we will update as able, as […]

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Police Appeal: Locate 30-Year-Old Julianna Trott

The police are seeking the public’s assistance in locating 30-year-old Julianna Trott. A spokesperson said, “The Bermuda Police Service is seeking the public’s assistance in locating thirty-year-old Julianna Trott. Ms. Trott is heavy built, weighing about 160 lbs, approximately 5’ 5” in height and is light skinned. “Ms. Trott has dark brown hair, worn in a […]

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Bermuda’s 4th Quarter Economic Performance

Good morning to the media and the people of Bermuda.

Bermuda’s economy continued to trend in a positive direction in the 4th quarter of 2021 capping a year of strong economic growth.

4th Quarter GDP

After adjusting for inflation, real GDP increased by 1.0% during the fourth quarter of 2021 and represents the third straight quarter of growth compared to the corresponding quarters of the previous year. 

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2021 Gross Domestic Product by Expenditure

Today, the Ministry of Economy and Labour released the Quarter 4, 2021 Quarterly Gross Domestic Product (GDP) by Expenditure publication. 

 Minister Hayward explained, “After adjusting for inflation, the Real GDP increased 1.0 per cent for the final three months of 2021, capping off a strong year of economic performance. The Bermudian economy experience a robust rebound in 2021 compared to lower activity in 2020 when the economy began to re-open fully with the easing of COVID restrictions.” 

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Video: ‘Truck Dumpster Separating From Vehicle’

The police received a call “regarding a garbage truck dumpster separating from the vehicle on North Shore Road in Hamilton parish” this afternoon [May 2]. A police spokesperson said, “Around 3:30pm today [2nd May 2022], a call was received regarding a garbage truck dumpster separating from the vehicle on North Shore Road in Hamilton parish, […]

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Photos: Francis Patton Hosts Mini Ag Show

On Thursday, April 28, Francis Patton Primary School hosted a Mini Agricultural Exhibition, featuring a rather impressive array of exhibits. Staff and students were encouraged to bring in a range of exhibits including, but not limited to; traditional Bermuda kites, recyclable critters, flowers, miniature gardens, healthy lunchboxes, high tea hats, candy, baked goods and small […]

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Official Govt & Legal Notices For May 2 2022

The official Government and Legal notices for today [May 2] include notice of intention to construct a controlled plant and acting appointments. Clean Air Act :- Notice Of Intention To Construct a Controlled Plant Notice Type: Government Notice Notice Sub Type: Notice of Intention to Construct a Controlled Plant Notice ID: GN0470/2022 Public Authorities / Department: Environment […]

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Morgan Assists In American Fighter’s Title Win

Bermudian Muay Thai coach Chuck Morgan performed the role of cornerman in Austin Streicher’s victory at the Freedom Fighter Promotions in New York at the weekend. American Streicher stopped Marcos Matias 54 seconds into the third round to claim the lightweight national title at the Grand Roosevelt Ballroom in Hudson. Matias will be a familiar […]

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