"The light that comes from wisdom never goes out"
Premier Andrew Fahie appears to have softened his government’s stance on the United Kingdom’s push for the overseas territories to enact public registers of beneficial owner- ship by 2023. For …
Continue reading “Premier softens position on public registers”
Government announced Monday that 1,039 businesses will receive funds under the $6.5 million Small Business Sector Grant Programme, and 10 others will benefit from a $40,000 United Nations Development Programme …
When Hurricane Irma hit the territory three years ago, John Klein had been in the process of expanding his Jost Van Dyke property White Bay Villas. “The only reason we …
In March, just as Covid-19 hit the Caribbean, Peter George, CEO of the Trinidad-based restaurant group Trent Limited, closed his portfolio of eateries before the government made him. “You could …
The economic hardships created by the Covid-19 crisis have prompted some desperate residents to put their money in illegal Ponzi and pyramid schemes that can promise as much as a …
Since the BVI Chamber of Commerce and Hotel Association’s Business Task Force first met on March 19, the group has sent the government five letters with situation reports and recommendations …
Although she reiterated last week that “99.9 percent” of businesses that apply would qualify for the government’s recently launched $6.5 million grants programme, Junior Minister for Trade and Economic Development …
Continue reading “Grants may not be as big as businesses request”
In recent months, Virgin Islands leaders have said that new flights proposed by the Trinidad-based Caribbean Airlines likely would help ease the territory’s air access woes as regional airline LIAT …
Continue reading “Caribbean Airlines faces challenge to VI expansion”
Though the annual Emancipation Service could not be held in person due to Covid-19 precautions, viewers who tuned in to a virtual version of the event last week still got …
According to Karia Christopher, director of the Department of Trade, Investment Promotion and Consumer Affairs, “99 percent of businesses that apply will qualify” for the government’s $6.5 million Small Business …
With borders tightly restricted due to the Covid-19 pandemic, now is a perfect time for a “staycation,” according to tourism-based businesses that have been promoting a variety of packages to …
The United Kingdom government singled out the Virgin Islands last week as the sole holdout among the inhabited UK overseas territories and Crown dependencies that has not committed to introducing …
Government continued its recent series of infrastructure projects last Thursday, with Autland Heavy Equipment Company Limited awarded a contract for $194,065.08 from the Recovery and Development Agency for the first …
Continue reading “$194k contract awarded for Great Mountain road”
Last week, Republic Bank Managing Director Michelle Palmer-Keizer spoke to one of her customers, a small-business owner who had received a six-month moratorium on her bank loan. “She said, ‘I’m …
A taxpayer-funded report from an Atlanta-based consultant engaged in December to assess the future of air transportation in the Virgin Islands is “before the [BVI Airports Authority] board and not …
As leaders of LIAT shareholder states struggle over the future of the beleaguered airline, BVI Airports Authority Chairman Bevis Sylvester has announced how the territory might fill the gap if …
As businesses ramp up preparations for the height of hurricane season, they need a plan, according to Kristi Creque, disaster management officer for the BVI Red Cross. This season, she …
Government intends to use a portion of the $65 million Caribbean Development Bank recovery loan to build the long-awaited West End ferry terminal, and it is now seeking a consulting …
The global Covid-19 crisis is slowing the ongoing implementation of “economic substance” rules that affect international financial centres, but this delay may result in a more considered strategy and rollout, …
During last year’s election campaign, now-Premier Andrew Fahie opposed the incumbents’ rush to extend the Beef Island runway following the government’s receipt of a $153 million bid from the China …
Continue reading “Airport expansion in the works once again”
With no confirmed date for the full reopening of the borders and no stated protocols in place for tourist arrivals in the midst of the Covid-19 crisis, the approximately 140 …
The economic fallout from the Covid-19 crisis has sent businesses across the globe reeling — and fraudulent businesses are no exception, Virgin Islands based asset recovery lawyer Martin Kenney said …
Continue reading “Pandemic could cause rise in fraud cases in VI”
A Digicel Group affiliate has filed for Chapter 15 recognition in a federal bankruptcy court in New York, but company officials described the move as an administrative proceeding that won’t …
Continue reading “Digicel: US bankruptcy filing won’t impact operations”
On Tuesday Anegada Express launched a new, larger ferry that will operate four days a week between Road Town, Virgin Gorda’s Gun Creek, and Anegada. The vessel will run on …
Continue reading “Anegada Express launches new ferry from Road Town”
When the doors of the Virgin Islands reopen to tourism, the territory’s leaders say, they intend to be ready. Some competing countries and territories in the region have announced plans …
