After an initial review of today’s Budget Statement, ABIC supports the Government’s commitment to targeting a reduction in deficit and debt levels over the medium to long term. In addition, ABIC is pleased to see that payroll taxes and their corresponding thresholds will be maintained at last year’s levels with modest fee increases on other […]

Mr. George Hutchings, Chairman of The Association of Bermuda International Companies (ABIC), has confirmed that ABIC supports the Premier’s announcement of the Guidelines the Incentives for Job Makers Act. Mr. Hutchings commended the Premier on the recent important steps that have been taken to retain job producers in Bermuda. More certainty has been given to […]

Hamilton, Bermuda, February 21, 2011. The Association of Bermuda International Companies (ABIC) has praised the 2011-2012 Budget Statement for its commitment to the overall cost-cutting measures needed to address the high costs of operating a business in Bermuda. “ABIC acknowledges the difficulties in framing a budget in the current economic climate, “said ABIC Chairman George […]

Hamilton, Bermuda, 15 November, 2010. The Association of Bermuda International Companies (ABIC) will this week bid farewell to longstanding chairman David Ezekiel, a founder and leader of Bermuda’s voice for international business. Mr. Ezekiel was elected Chairman of the International Companies Division of the Chamber of Commerce in 1989, and in 2001 led the ICD […]

Hamilton, Bermuda, March 2nd, 2010. Having now had the opportunity to carefully study Friday’s Budget Statement, and acknowledging the difficulties in framing a budget in the current economic climate, ABIC must register its disappointment at the structure of the budget and in particular the lack of overall Government cost cutting measures needed to trim the […]