"The light that comes from wisdom never goes out"
The Virgin Islands Shipping Registry still plans to transform into a statutory body, but it has not yet done so, VISR Director John Samuel told the House of Assembly in …
Continue reading “Shipping Registry still aims to be statutory body”
Oil Nut Bay announced recently that it has begun offering its guests direct helicopter service to St. Thomas and San Juan after its heliport became “the first in the British …
Continue reading “Virgin Gorda resort offers int’l copter flights”
As part of ongoing efforts to market the territory’s financial industry, BVI Finance has commissioned a new report that touts the sector’s contributions and explores how it may adapt to …
Continue reading “BVIF-funded report touts financial industry”
A new agreement between this territory and the United States Virgin Islands will allow charter boats to travel more freely between the two archipelagos, according to Premier Dr. Natalio “Sowande” …
The European Union Court of Justice issued a ruling this week that could throw a wrench in the United Kingdom’s longstanding plan to force the Virgin Islands and other overseas …
With more than $400 million of assets in the Virgin Islands frozen in the wake of sanctions related to the Russian invasion of Ukraine, even many unsanctioned Russians are finding …
Continue reading “Arbitrators aim for balance amid sanctions”
Former Bermuda Premier Sir John Swan urged the Virgin Islands to “guard against selling off its dreams in the quest for quick capital” as he addressed the 30th anniversary dinner …
When government officials broke ground on the Market Square revitalisation in October 2020, they said the project would be completed in about nine months. That didn’t happen, but completion is …
Tender documents are being developed for release to seven companies that pre-qualified to bid on the Paraquita Bay solar microgrid project announced last year, Deputy Premier Kye Rymer said last …
Airlift to the Virgin Islands may eventually get easier and more affordable with the addition of direct flights to the mainland United States if Deputy Premier Kye Rymer’s recent conversations …
This month, the Virgin Islands completed its vice chairmanship of the Caribbean Development Cooperation Committee, a subsidiary body of the United Nations Economic Commission for Latin America and the Caribbean. …
Continue reading “VI’s vice chairmanship of UN committee ends”
An amendment before the House of Assembly would bring the territory one step closer to setting up a long-promised system of deposit insurance in the territory. The amendment to the …
Continue reading “Bill is another step toward deposit insurance”
More than five years after Hurricane Irma, another resident has received a brand-new home to replace the one she and her family lost in the 2017 storms, government announced. Thanks …
A celebration marking the 50th anniversary of British Virgin Islands-United States VI Friendship Day will be held at 10 a.m. on Saturday at the Cyril B. Romney Tortola Pier Park …
Celebrity finances are frequently in the news, for reasons from bankruptcy to tax trouble to messy divorces to squabbles over estates. Lawyer, businessman and author Martin Litwak, founding partner of …
An amendment currently before the House of Assembly seeks to give the Financial Services Commission more tools to handle banking crises and would set a long-awaited framework to bring into …
Continue reading “Bill includes framework for deposit insurance”
Incorporations toppled in the second quarter, suggesting that 2022 won’t reach the heights of 2021, according to the latest quarterly report from the Financial Services Commission. Q2 2022 saw just …
The BVI Electricity Corporation has been awarded €245,481 (about $241,000) from the European Union to improve its ability to keep the power on during pandemics and other “extreme and recurrent” …
Global digital asset service provider Huobi announced that it has secured approval from the Financial Services Commission to operate an exchange for cryptocurrencies and other virtual assets under its subsidiary …
Continue reading “Financial Services Commission approves digital asset exchange”
The first formal meeting since 2020 between the governments of this territory and the United States Virgin Islands resulted into boost the tourism and marine industries and improve wireless technology. …
Continue reading “Tourism, tech on agenda at Inter Virgin Islands Council”
Even as travel bounces back post-pandemic, Caribbean destinations risk pricing themselves out of the market if they don’t find a way to lower taxes and fees on airline tickets and …
Barbados Prime Minister Mia Mottley urged the United States House of Representatives Financial Services Committee earlier this month to discourage US banks from ending correspondent banking relationships with the Caribbean. …
Continue reading “Barbados PM denounces ‘biased’ de-risking”
The recent collapse of Virgin Islands-registered cryptocurrency hedge fund Three Arrows Capital proved to be one of the most dramatic local impacts of the massive sell-off that has been called …
The Virgin Islands financial services industry generated $196 million in revenue for the territory last year, up from $189.75 million the previous year, and kept the economy largely afloat during …
Two laws the House of Assembly passed in May will strengthen the powers of the International Tax Authority to inspect financial institutions and to interview people associated with Virgin Islands-registered …