Author Archive: Bernews1
Bermuda Optimist Sailors Competing In Italy
Following on from the success of the World Record breaking sailing regatta in Lake Garda, Italy last Easter, 6 young Bermuda Optimist sailors from the RBYC Sailing Academy are joining 1,300 other Optimist sailors from 31 countries in what promises to be another World Record breaking Regatta. The Optimist World Championships is to be held at Riva del... Read more of this article
Noble Mining To Sell Brazilian Shareholding
Canada’s Ecometals Limited announced today [Mar.27] that its wholly owned Bermuda subsidiary, Noble Mining Ltd., has entered into an agreement with a group of investors for the sale of Noble’s entire holding of shares in its wholly owned Bermudian subsidiary Ironman Ltd. Ironman is the 99 percent shareholder of Ecometals Ferro do Amapá... Read more of this article
TheStreet Downgrades Energy XXI Bermuda
Bermuda-based Energy XXI has been downgraded by TheStreet Ratings from buy to hold. In a statement, the ratings agency said: “The company’s strengths can be seen in multiple areas, such as its attractive valuation levels and expanding profit margins. “However, as a counter to these strengths, we also find weaknesses including unimpressive... Read more of this article
City Art Festival To Run From April 26 to May 14
The City of Hamilton today announced this year’s City Art Festival dates. Events Project Manager, Ms. Danilee Trott stated, “This year’s City Art Festival will take place from April 26 to May 14. There are new elements that have been added to enhance this year’s events. “Working in conjunction with the Bermuda Society for the Arts [BSOA],... Read more of this article
IGIH: “We Exceeded Our Net Income Forecasts”
Dubai-based International General Insurance Holdings Limited [ IGIH ] — which operates a major Bermuda subsidiary — has reported earnings for the 2012 financial year. The Group announced net earnings of $25.25 million for the year, an increase of 8.7 percent compared to $23.22 million for the 2011 fiscal year. Commenting on the results,... Read more of this article
Premier: ‘PLP Resorting To School Yard Tactics’
The Progressive Labour Party is still “resorting to school yard fighting tactics to provoke nonsensical dialogue none of which will benefit Bermuda or Bermudians,” Premier Craig Cannonier said today [Mar 26]. The Premier was responding to statements by the Opposition earlier today, in which they expressed concern on “how so quickly things... Read more of this article
Attorney General Clarifies Motor Car Amendment
Attorney General and Minister of Legal Affairs Mark Pettingill today [Mar 26] clarified the Motor Car Amendment Bill, 2013. He said seniors are not able to apply for an exemption due to financial hardship. On 18 March 2013, the Motor Car Amendment Bill 2013 was debated in the House of Assembly. The Bill, as passed, provides for a 3% increase in the... Read more of this article
PLP Criticize OBA’s First 100 Days In Government
[Updated with videos] Thursday marks the first 100 days of the OBA’s term as government, and the PLP is concerned at “how so quickly things have seen to have gone astray,” Opposition Leader Marc Bean said this afternoon [Mar 26]. Mr Bean said in 100 days of the OBA there have been eight OBA promises broken, citing what he said were the... Read more of this article
Jones And Tucker Win ICC Americas Awards
ICC Americas named Janeiro Tucker the MVP for the tournament, after he finished second in both the batting and bowling and took seven catches [two more than any other player]. Malachi Jones was awarded Best Bowler of the Tournament for taking thirteen wickets along with Janeiro Tucker and Sauid Drepaul from Suriname. It was Jones’ superior bowling... Read more of this article
Easter Lilies To Be Sent To The Queen
In the 19th and early 20th centuries Bermuda was known as “The Easter Isle” because of its hugely successful lily farming industry — and the island still commemorates its one-time major cash crop by sending bouquets to Buckingham Palace every year. Governor George Fergusson and Mrs. Fergusson participated in the annual picking of Easter Lilies... Read more of this article
27-Year-Old Man Jailed For Thirty Days
In Magistrates Court this morning [Mar 26], Seion Darrell, 27, was jailed for 30 days after appearing on charges of driving whilst disqualified and driving whilst impaired. It was the second time in recent months that Darrell had been before the court for offences of this nature. Darrell pleaded guilty to driving whilst impaired, with the offence occurring earlier... Read more of this article
Destination Dockyard & Lennon Dockyard Nights
The West End Development Corporation [WEDCO], in partnership with EPM Management, will be hosting Destination Dockyard each Monday evening from 7pm to 10pm for 18 weeks. A WEDCO spokesperson said, :This will be an evening of diverse local talent, combined with the element of competition, exciting prizes, family and youth engagement and unique shopping... Read more of this article
