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 […]

We believe that Wednesday’s newspaper interpretation of the earnings gap statistics is misleading, and we must be very cautious in the interpretation and conclusions of the data as reported. Before one makes the huge leap to attribute the earnings gap to discriminatory practices, one must compare the salaries paid for the same job categories. At […]

The Association of Bermuda International Companies (ABIC) today expressed broad support for the newly-released Budget, at a time when the business communities and governments of each jurisdiction must work in concert to minimize the impact of the worldwide economic downturn. “This is an important budget, as it comes at a time when Bermuda and its […]

The Association of Bermuda International Companies (ABIC) will host a forum for business leaders and school leaders to discuss the challenges and opportunities facing the island’s educational institutions. The Forum is a joint initiative between ABIC and the Ministry of Education. The Forum, scheduled for Tuesday, January 19 at the offices of ACE Bermuda, will […]

The Association of Bermuda International Companies (ABIC) has warned that Government must immediately demonstrate “unequivocal support” of Bermuda’s international business sector if the island is to avoid being passed over as an offshore jurisdiction of choice in an increasingly-competitive and economically-difficult worldwide business environment. “There is a critical need for words and actions from Government […]