R.I.S.E To Have Festive Kiosk, Community Event

[Written by Stephen Wright] A Bermudian online gift shop looking to inspire motivation in others and promote positivity will have a kiosk rental on the lower level of Washington Mall during the festive period from December 12 to 19. The R.I.S.E [Resiliently Inspired. Strengthened and Encouraged.] Motivational Gift Shop, which launched online in October, sells […]
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Mosaic Insurance Partners With Safe Security

Mosaic Insurance has launched a pioneering platform powered by California-based Safe Security to help underwriters evaluate cyber risk for brokers and insureds. A spokesperson said, “Mosaic leverages Safe Security’s award-winning cyber risk assessment platform, SAFE, which offers a real-time view of the extent and nature of a company’s enterprise-wide cyber risk, allowing the most accurate […]
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Bunge Moving Incorporation To Switzerland

Bunge Limited announced that its Board of Directors has “unanimously approved moving its place of incorporation from Bermuda to Switzerland.” A spokesperson said, “Under the proposal, Bunge would become a Swiss corporation. The proposed change is subject to various conditions, including shareholder approval, which Bunge expects to seek in 2023. “Bunge has performed an extensive […]
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Average Of 2,226 Financial Assistance Recipients

For fiscal year 2021/22 the average number of recipients of Financial Assistance services totaled 2,226, an increase from the average of 2184 recorded in the year prior and “actual program expenditure for grants directly to support FA recipients totaled $47.6 million,” Minister of Economy and Labour Jason Hayward said. Speaking in the House of Assembly […]
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Bermuda Police Service Recruitment

Mr. Speaker, the shadow of community violence is heavy over the Island today as another family mourns the loss of young life. The sound of gunshots shattered the peace of a Paget neighbourhood in this season of goodwill and in the wake of this terrible incident of violence, we must again seek to comfort a family who today have more questions than answers. The support we are providing from the Ministry of National Security will be strengthened by this House and the community keeping this family as the focus of our compassion at this incredibly difficult time.

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Economic & Fiscal Update

Mr Speaker, I am grateful for your indulgence to present this lengthy statement this morning. It is an honour to rise today on behalf of the Goverment, in our last sitting of 2022, to provide an Economic & Fiscal Update to this Honourable House and the people of Bermuda. This statement will cover the latest report from the Fiscal Responsibility Panel, the Government’s mid-year financial performance, and the Government’s Pre-Budget Report tabled moments ago.

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Intellectual Property Updated Legislative Framework

Mr. Speaker,

Today I would like to provide this Honourable House with an update on the progress we are making towards updating the Intellectual Property legislation for Bermuda. Members of this Honourable House will be aware that modernization of the legislative framework governing intellectual property rights was featured in the 2022 Throne Speech.

Mr. Speaker,

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Funds To Allow BPS To Recruit 20 More Officers

“Cabinet has approved almost $2 million in additional funding to the Bermuda Police Service” which “will allow the Police to recruit twenty additional officers,” Minister of National Security Michael Weeks said. Speaking in the House of Assembly today [Dec 9] the Minister said, “Cabinet has approved almost $2 million in additional funding to the Bermuda […]
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Minister Updates On IP & Trade Mark Legislation

Minister for Tourism and the Cabinet Office Vance Campbell provided an update on the progress towards updating the Intellectual Property legislation for Bermuda. Speaking in the House of Assembly today [Dec 9] the Minister said, “Modernization of the trade marks legislation is entering the final stages of the drafting process. It is anticipated that a new […]
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