AGP Executive Report
Last update: 6 hours agoCorporate Income Tax: Bermuda’s first year of the corporate income tax is already showing clear winners and losers, with HSBC Bermuda booking a $44.3m tax expense on $295m profits in 2025 while some local banks are outside the scope. Road Safety: The police say new speed cameras could drive speeding tickets up fourfold or more, potentially from about 5,000 a year to around 20,000 during early roll-out. Employment Tribunal: A new policy paper flags employers ignoring tribunal orders, proposing $15,000 civil penalties per impacted employee and even a public compliance watchlist. Ocean Policy: Fishermen push back on the Bermuda Ocean Prosperity Programme’s proposed 20% full protection, while the Bermuda National Trust and nearly 70 groups argue the Marine Spatial Plan is a “generational opportunity.” Housing: The housing minister insists an affordable project’s first phase will not overspend, saying the $64m contract price is “key in hand.” Public Safety: Residents remain on alert after a rattlesnake sighting near Gibbs Hill Road, as authorities and the aquarium zoo work to locate it. Marine Tragedy: The powerboat community is mourning Rickai Raynor after a fatal Hamilton Harbour crash. Cybersecurity: Government warns of a Fortinet “FortiBleed” credential compromise campaign targeting exposed devices. Business & Community: BermudAir will shift its Orlando nonstop from MCO to SFB from October 2026, and the City of Hamilton’s free Summer Sunday: City Funday returns July 12.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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