ECONOMY
Shadow Finance Minister says Bermuda's economic performance is 'disastrous'
Shadow Finance Minister: “You all know that the latest figures are out on Bermuda’s economic performance in 2009. If I would characterise them, I would say disastrous.”
Finance boost for waterfront hotel in St. George's
Financing has been agreed ‘in principle’ for the new waterfront hotel and marina in St George’s. The provisional plan is for 60 rooms with restaurant, bar and fitness suite alongside a 125-berth marina.
Decline in international business hits Saltus student numbers
Saltus will reduce its enrolment by 115 students over the next two years and cut eight staff. The school says the recession has caused a decline in student numbers.
Tourism blow as only two cruise ships due to visit Old Town
Just two cruise ships will dock at St. George's this year. It is the lowest figure in recent history and the latest blow to the tourist trade in the Old Town.
Horseshoe Bay to get better tourist facilities
Horseshoe Bay is to get a new restaurant and changing facilities after complaints from tourists.
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Local retail sales to suffer further decline, says expert
Analyst Cordell Riley of Profiles of Bermuda predicts local retail sales will drop 3.1 per cent in 2011. He arrived at the figure by looking at the underlying trend for 2010.
Appleby cuts staff
Law firm Appleby has had to let staff go as the job losses continue to mount in Bermuda.
Old Towne Market to move indoors for winter
The St. George's market is set to become a weekly fixture. Organisers estimate the market attracted up to 1,000 people on its busiest days in the run up to Christmas.
Church to play key role for job seekers
Churches and the Department of Labour and Training will team up in a grassroots outreach effort to help jobseekers get the skills they need to get back to work.
Job fears at troubled Newstead
Newstead Belmont Hills staff are concerned about their jobs after Butterfield Bank recalled a multi-million dollar loan. More than 100 workers may be at risk.
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'It'll destroy our nightlife'
Bar owners say the crippling cost of new security staff requirements to crack down on anti-social behaviour could destroy Bermuda's live entertainment scene.
$7.5m makeover for 'outdated' Horseshoe Bay
Horseshoe Bay facilities are set for a $7.5 million redevelopment. Ground will be broken as soon as March and it's expected to take about two years.
TOUGH TIMES: RETAIL WOES
Retailers cutting staff hours, prices to beat slowdown
Retailers are bracing themselves for even tougher times as they deal with the grim reality of the latest sales figures. Retail sales fell for the 31st consecutive month.
TOUGH TIMES: PRE-BUDGET ECONOMIC RECKONING
Tax issues high on Budget wish list
Tax breaks for new and expanding businesses are top of a Budget wishlist by the Chamber of Commerce. It also wants Government to cut $150million from the Budget, as promised.
TOUGH TIMES: RETAIL STRIFE
Smile - or lose your job
If Bermuda is to thrive as a tourist and international business destination we need to take a long hard look at workers' attitudes, says Chamber of Commerce retail division.
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