Author Archive: Bernews1

Premier Responds: Cayman 10% Tax For Expats

[Updated with Premier Cox's response] The Cayman Islands will be introducing a 10% tax for foreign workers earning over $20,000 per year, the Cayman media reports. Although revenue expectations have not yet been confirmed, government hopes to collect around $50 million from the new tax reports said. Cayman Premier McKeeva Bush said he did not want... Read more of this article

Transformer Explosion Causes Power Outage

[Updated] BELCO has confirmed that the power outage in Hamilton this afternoon [July 26] was caused by a transformer explosion inside BELCO’s Park Road Substation at 3.18pm. As Park Road is one of four transformers feeding the City of Hamilton, approximately one-fourth of the City lost power at that time. A BELCO spokesperson said: “Electricity... Read more of this article

Digicel, BF&M Launch $9.99 P/M Phone Insurance

Digicel has partnered with BF&M to provide phone insurance to its customers. The service costs $9.99 per month and allows customers who have purchased a device from Digicel to insure the device against theft, damage or accidental loss. It is available both for new purchases and to customers who already have phones they would like to insure. “We... Read more of this article

Bus Service To Be Interrupted For Meeting

Bus service will be interrupted from 9.30am to 12.30pm tomorrow [July 27] due to a meeting for BIU members to ratify the new bus schedule. A spokesperson said: “Please be advised the Department of Public Transportation (DPT) will hold a meeting for BIU members tomorrow morning from 10 a.m. to 12 p.m. to ratify the new bus schedule. Service will... Read more of this article

Photo Set #1: St George’s Win Mini Cup Match

This afternoon [July 26] the Department of Youth and Sports hosted the 2012 Mini Cup Match at the West Pembroke school field, with St George’s walking away with the victory. Somerset batted first and were bowled all out for 80, with Sincere Hall their top scorer with 28, while Jabari Darrell added 15. Jaquarri Paynter was the pick of the St. George’s... Read more of this article

Capital G Implements New Banking Technology

On the 16th of July, 2012 Capital G Bank Limited implemented a new integrated core banking system. The company said the new system is expected to provide a more modern, flexible and cost effective banking solution which, in turn, will help Capital G to achieve its commercial aspirations for enterprise growth and long-term competitive advantage. Ian... Read more of this article

Ellen Douglas Wins Community Service Award

Bermuda CableVision this morning [July 26] awarded Ellen Douglas from HOPE Homes Bermuda with its latest Community Service Award in recognition of her 50 years of service as an Educational Therapist to those with intellectual disabilities. Mrs. Douglas was presented with the award for her dedication to the mentally challenged at a ceremony held at the... Read more of this article

Non-Mariners Race Is A ‘Non-Litter Event’

Sandys Boat Club has teamed up with Keep Bermuda Beautiful [KBB] to help promote a litter-free Non-Mariners Race event for 2012. The Non-Mariners Race is hosted by The Society of Non-Mariners and the Sandys Boat Club and will be held on Sunday, August 5th. This year will be the 40th Anniversary of this annual event at the Club. A spokesperson said:... Read more of this article

21-Year-Old Man Jailed For Multiple Offences

Senior Magistrate Archie Warner this morning [July 26] sentenced Troy Harris, 21, to eighteen months in prison after he pleaded guilty to multiple offences committed in May 2012. On 15th May Harris was found in a dwelling house when he had no lawful excuse for being there; and for breaking a window in the process of entering the dwelling. The next day,... Read more of this article

Report: $10,570 Per Person Health Expenditure

The Bermuda Health Council [BHeC] released its third National Health Accounts report which details health system costs for the fiscal year ending 31st March 2011. The report shows that Bermuda’s total health spending was $679 million, which amounted to $10,570 per person. 68% of financing was from the private sector [$463.1 million] while 32% of financing... Read more of this article

First BMA Graduate Trainees Complete Programme

The Bermuda Monetary Authority announced that its first two graduate trainees, Treasa Walker and Vashun Blanchette, have successfully completed the Authority’s three-year Graduate Training Programme [GTP]. Authority CEO, Jeremy Cox said, “It is with great pleasure that we today mark Vashun and Treasa’s success as our first GTP graduates and the... Read more of this article

Michelle Onyia Awarded $15,000 Scholarship

ABIC announced a new one year $15,000 scholarship in undergraduate businesses and finance studies, established in honour of Mrs. Shernelle Outerbridge, the late CEO of Zurich Investment Services in Bermuda who passed away following an accident in 2011. Mrs. Outerbridge was a recipient of a 1984 ABIC award, which helped her to achieve her Bachelor of... Read more of this article