Author Archive: Bernews1

Guilty Plea: Defrauding Guesthouses

In Magistrates Court this morning [Nov.14], 53-year-old Dana Martin pleaded guilty to two charges of defrauding two Bermuda guesthouses over $9,000. The charges stemmed from Mr Martin’s use of guest accommodation at Blue Horizons Guesthouse; running up a bill of $2,875 and then not paying that bill. Martin’s use of that accommodation was between... Read more of this article

Canada Adds BSX To Designated Exchanges

Canada’s Finance Minister has approved the addition of the Bermuda Stock Exchange to that country’s list of designated exchanges. In making the announcement today [Nov.14], Greg Wojciechowski, the BSX’s president and CEO said: “The BSX is delighted to have achieved and been granted this very important designation by Canada’s... Read more of this article

$3,000 Fine For DUI, Assaulting Police

25-year-old guest worker Matthew Marshall this morning [Nov.14] pleaded guilty to one count of driving whilst impaired, and two counts of assaulting police; and was fined a total $3,000. DPP Prosecutor Carrington Mahoney told Senior Magistrate Archie Warner that on 12th November 2011, on Frog Lane in Devonshire during the Rugby Classic games, Mr Marshall... Read more of this article

BELCO Seeks Approval: Rate Increase

The Bermuda Electric Light Company Limited [BELCO] has submitted a proposal to the Energy Commission, seeking permission to increase base rate tariffs from 2012 through 2014. Saying it is sensitive to the impact of the ongoing economic downturn on its customers, the utility has proposed that any increases are kept in line with the island’s official... Read more of this article

Bermuda Clinic Hails Partner’s Breakthrough

Stemedica, the international biopharmaceutical firm which has partnered with Bermuda’s Brown Darrell clinic to conduct adult stem cell treatments on the island, today [Nov.14] announced a potentially revolutionary breakthrough for spinal cord injuries. San Diego-headquartered Stemedica said recent treatments it conducted involving paralysed rats... Read more of this article

Photos/Video: Bermuda Four Ball Winners

The Bermuda Four Ball Championship concluded yesterday [Nov.13] at the Port Royal Golf Course, the Championship Format was reduced from a 54 Hole Better Ball Stroke Play Event for teams of two to a 36 hole tournament due to the weather. Ebonie Burgess and Elizabeth Parson were crowned the Ladies Champions while Nick Mansell and Jarryd Dillas were crowned... Read more of this article

Economic Development Officers Appointed

The Ministry of Economy, Trade and Industry announced two appointments within the Bermuda Economic Development Corporation [BEDC]. Mr. William Spriggs and Mr. Corey Butterfield [pictured at left] have recently joined the BEDC team as Economic Development Officers (EDOs), and will provide support to the newly designated Economic Empowerments Zones in... Read more of this article

J.P. Morgan Upgrades Allied World

Swiss-based Allied World Assurance Co Holdings — which maintains a major Bermuda presence — was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors today [Nov. 14]. The analysts currently have a $72.00 price target on the stock. Allied... Read more of this article

Videos: Go-Kart Racing On-Board Cam

Drivers took to the race track for the Bermuda Karting Association racing action yesterday [Nov.13] at the Southside Motor Sports Park in St David’s. Winners included Amber Lopes, Al Seymour Jr., Owen DeCosta, Patrick Ingham, David Barbosa, and Alexander Roque. Mr Roque won all three races in the 125cc Shifter Class, and wore a helmet-camera through... Read more of this article

UN Disability Group’s Bermuda Meeting

Bermuda’s Department of Statistics announced today [Nov. 14] that the 11th Meeting of the Washington Group on Disability Statistics is being held at the Fairmont Southampton this week. The Washington Group [WG], a United Nations group, was formed and had its first meeting in 2002, in recognition of the need for statistical and methodological work... Read more of this article

BIOS Scientist Part Of Global Ocean Study

Although almost three-quarters of the globe is covered by oceans very little is known about the chemistry of these vast waters — but the international GEOTRACES project is attempting to change that and a Bermuda scientist is on the front lines of its groundbreaking research. GEOTRACES is the first large-scale survey of trace elements and their... Read more of this article

Bermuda Hosts Health Financing Conferences

Two health financing conferences — the Health Financing Summit [HFS] and the 6th Caribbean Conference on Health Financing Initiatives [CCHFI] — will take place next week at Rosewood Tucker’s Point. Both are hosted jointly by the Ministry of Health and the Bermuda Health Council and aim to deal with health systems and health financing... Read more of this article