Portuguese contribution to Bermuda recognized

Mr. Speaker, this Government promised to create an environment in which Bermudian businesses can thrive, opportunities for Bermudians can be created and in which capable, qualified Bermudians can earn opportunities to work, train and succeed at every level. We undertook to create new economic pillars in Bermuda, identify new opportunities for economic diversification and to seek local and overseas investment to develop new local industry to create jobs in Bermuda.
Mr. Speaker, Honourable Members will, by now, be aware of the action taken by the House of Commons in London on Tuesday. In the knowledge that an amendment to the Sanctions and Anti-Money Laundering Bill could not be defeated, the UK Government conceded a position that has caused considerable angst in the Overseas Territories.
Ministerial Statement by the Premier and Minister of Finance, The Hon. David Burt, JP, MP
Mr. Speaker, I rise today to advise Honourable Members of the recent rating action taken by Standard and Poor’s on the Bermuda credit.
Premier and Minister of Finance, the Hon. David Burt, JP, MP, today stated that ratings agency Standard and Poor’s has revised its outlook on Bermuda to positive. S&P’s Global Ratings affirmed Bermuda’s A+ long-term sovereign credit and senior unsecured debt ratings as well as its A-1 short-term ratings and its AA+ transfer and convertibility assessment.
Mr. Speaker,
Good Afternoon and Thank You for joining me here today.
I would like to begin by welcoming and thanking my Caucus Colleagues for accompanying me. I also wish to give special mention to MP Wayne Furbert, whose assistance and personal sacrifice of time and energy was an invaluable asset to the Ministry during the preparation of the 2018/2019 National Budget.
A public awareness campaign calling on Bermuda residents to join a national effort to combat global financial crime was announced today by Bermuda Premier and Finance Minister, the Hon. David Burt, JP, MP.
The “Just Good Business” campaign (http://www.goodbusiness.bm) highlights efforts underway by government, responsible authorities, and Bermuda-based international and local businesses to ensure the island meets the highest standards for anti-money-laundering (AML) and anti-terrorist-financing (ATF).