Archive for February 21st, 2011
Paco Fubler Jailed For Theft Offence
37-year-old Paco Fubler, on parole for previous offences, was this morning [Feb 21] returned to jail to serve out the balance of a thirty-day sentence just imposed for a theft offence. Mr Fubler had been in Police custody since February 11th, so he will have less than 3 weeks to serve before being released. Mr Fubler had pleaded guilty to stealing a... Read more of this article
Justice Minister: Full Budget Statement
Attorney General and Justice Minister Michael Scott said ongoing initiatives to modernise Bermuda’s judicial structure as well as a wide range of rehabilitation and treatment programmes would continue despite “prudent” reductions under the 2011/2012 Budget. Speaking at a press conference following the Budget statement [Feb. 18],... Read more of this article
Minister Wilson: Full Budget Statement
This past Friday [Feb 18] Minister of Economy, Trade and Industry Kim Wilson spoke at a press conference following the delivery of the 2011/12 Budget. In the budget, the Ministry of Economy, Trade and Industry has been allocated a current account sum of $23,613,696 and capital funding of $667,000. Their budget consists of allocations for the Department... Read more of this article
Seadrill Signs Chevron Tender Rig Contract
Bermuda-based Seadrill has today [Feb. 21] agreed to a new three-year contract with Chevron Thailand Exploration and Production offshore Thailand for the tender rig T12 [pictured] with a two- year option period. Estimated contract value is approximately $132 million, and commencement of the assignment is scheduled for the second quarter this year,... Read more of this article
Football: First & Premier Division Round Up
As storm force winds and cold temperatures brushed past the Island yesterday [Feb 20], a number of football games took place islandwide. In the First Division, Somerset Trojans and Robin Hood were the big winners of the day, with both teams walking away with 3-0 victories. In the Premier Division, winners included North Village Rams, Dandy Town Hornets,... Read more of this article
Bermuda Insurance Market: “Impressive Results”
The Bermuda Monetary Authority reported today [Feb 21] that the” Bermuda insurance market continued to record impressive results despite another challenging year.” A spokesperson said: “Bermuda insurers recorded an increase in aggregate total assets to $496 billion, as compared to the $472.9 billion achieved the previous year.” “Despite... Read more of this article
BWS Issues New Gale Warning For Island
The island can expect to be buffeted by more strong winds over the next 24 hours with the Bermuda Weather Service [BWS] today [Feb. 21] issuing a Gale Warning valid for late tonight through to tomorrow evening. As a broad upper level trough sweeps towards the Bermuda area tomorrow, gales packing powerful winds will continue ahead of an oncoming... Read more of this article
BSX Preps For ACSDA General Assembly
The Bermuda Stock Exchange [BSX] today [Feb 21] announced that preparations to host the Americas’ Central Securities Depositories Association’s [ACSDA] General Assembly in March 2011 are nearing completion. The BSX will act as host for the ACSDA 2011 General Assembly being held from 23rd thru 25th March, 2011, with attendees expected from the Americas,... Read more of this article
Upcoming: Character Development Seminars
The Department of Youth, Sport and Recreation will be holding a series of character development seminars in conjunction with the Josephson Institute next week designed to show how character development activities can be integrated into sports and youth programs and enable young people to thrive. The week of seminars will culminate with the Department... Read more of this article
St. George’s: UNESCO World Heritage Site
In 2000, Bermuda’s historic town of St. George and its related fortifications joined an elite group of global treasures including Stonehenge in the UK, the ruins of Great Zimbabwe in Africa and the Great Wall of China as a World Heritage Site. The World Heritage Programme is coordinated by the United Nations Educational, Scientific... Read more of this article
Don Kramer Honoured At Dance Gala
Scholarships for Bermuda dance teachers to study for accreditation at American Ballet Theatre’s New York studios and a $100,000 gift from one of Bermuda’s most successful reinsurers were highlights of the National Dance Foundation of Bermuda’s annual fundraising gala held at the Fairmont Southampton on Saturday night [Feb 19]. Pictured below are... Read more of this article
Video: Storm Winds, Airport & Airplanes
Despite storm force winds yesterday [Feb 20], flights to the Island were not affected with both private and commerical jets arriving and departing as normal. The Bermuda Weather Service recorded a peak wind gust of 76 knots yesterday, which translates to around 87.5 miles per hour or 140km per hour. The gale force winds eased by midnight, however the... Read more of this article
