Author Archive: Bernews1

NewLead Announces Reverse Split Of Shares

Bermuda registered NewLead Holdings Ltd. revealed on Tuesday [Oct 1] that a 1-for-15 reverse stock split of its common shares has been approved by the Company’s Board of Directors and by written consent of a majority of shareholders, effective upon the commencement of trading on October 17, 2013. Due to the advance publication and notice requirements... Read more of this article

Video: U17 Women’s Football Team Returns

[Updated with video] The Bermuda U17 Women’s National team returned to the island this evening [Oct 2] after a successful showing at the Caribbean Football Union U17 Women’s Regional World Cup Qualifying Tournament held in Port au Prince, Haiti. Excitement filled the air as the team exited the airport, with the sounds of air horns and cheers as... Read more of this article

Joshua Alvera Wins Peter Mitchell Scholarship

PwC announced today [Oct 2] that their 2013 Peter Mitchell Scholarship award has been granted to Joshua Alvera. The prestigious scholarship is designed to help Bermudian students to further their educational goals, boost their career prospects and give them a bright future in professional services. “On behalf of PwC, I am pleased to offer my congratulations... Read more of this article

SAGE Commission Gets Two Week Extension

The SAGE Commission has received an an additional two weeks in order to complete their final report, Minister of Finance Bob Richards said today [Oct 1] in the House of Assembly. Minister Richards said the SAGE Commission commenced its work as soon as they were officially appointed on April 15th 2013 and based on the provisions in the legislation were... Read more of this article

‘STEPS To A Well Bermuda’ Survey Launched

The Minister of Health and Seniors Patricia Gordon-Pamplin today [Oct 2] launched the ‘STEPS to a Well Bermuda’ Survey, a health survey involving a questionnaire, physical body measurements and collection of clinical samples for biochemical analysis. 2656 households have been selected using simple random sampling. The ‘Kish Method’ will... Read more of this article

City Expresses Concerns With Municipalities Act

The City of Hamilton Council today [Oct 2] delivered letters to each MP with their concerns about aspects of the Municipalities Act 2013, as tabled in the House of Assembly on Friday [Sept 27] Mayor of Hamilton Graeme Outerbridge said, “Two pieces of communication were hand delivered and emailed to the Members of Parliament today by the City of Hamilton.... Read more of this article

MPs Pass Bill Allowing Ship Casinos To Open

[Updated: The Bill passed] Members of Parliament are set to decide whether cruise ships should be allowed to open their ships in port, with the debate presently ongoing in the House of Assembly today [Oct 2]. Last month, the Bill [PDF] was tabled to allow cruise ship passengers to gamble at the casinos on board cruise ships while they are docked in... Read more of this article

CellOne’s New Services To Be Available Soon

CellOne announced today [Oct 2] that their new service offerings will be made available in the coming weeks. This announcement follows the company just receiving approval from the telecommunications regulator to offer new services including ISP and Long Distance. “CellOne is pleased to move forward with plans to offer Bermuda additional options for... Read more of this article

Amlin Donates $10,000 To Coral Reef Research

The Bermuda Zoological Society has received a donation from Amlin Bermuda in the amount of $10,000 for their ongoing work in promoting coral reef research and protection. “The delicate state of coral reefs around the world has continued to garner international attention, as many reef systems face major threats from a variety of sources”,... Read more of this article

Lawrie Boosts Stake In BF&M To 34.75%

In a filing, dated 01 October, 2013, with the Bermuda Stock Exchange, BF&M Limited announced that Lawrie (Bermuda) Limited [LBL] increased its shareholding in the Company from 24.56% to 34.75%. In share transactions initiated between 20 & 25 September, 2013, LBL purchased a total of 871,333 Company common shares. Related Stories Veronica... Read more of this article

Minister Apologises: Comments About Teachers

Education Minister Nalton Brangman has apologized for comments made at yesterday’s press conference, saying it “has rightly caused upset and anger amongst our educators.” During yesterday’s press conference, Minister Brangman said: “The weakness in our system has been found to be quality of teaching, specifically within the... Read more of this article

Annual Classic Bike Club Display On Sunday

The Bermuda Classic Bike Club will be holding their Annual Bike Display on Sunday [Oct 6] at the eastern end of Kindley Field Road [Ferry Reach] near the Swing Bridge. Previously scheduled for this past weekend, the inclement weather caused the club to postpone the event. “Come out and display your bikes or come down and see many different custom... Read more of this article