"The light that comes from wisdom never goes out"
An upscale boutique hotel may be coming to the Cyril B. Romney Tortola Pier Park, according to a call for expressions of interest released Friday by Tortola Pier Park Limited, …
Continue reading “Boutique hotel could be coming to Pier Park”
The BVI Ports Authority has issued a request for proposals for firms to conduct a forensic audit of the agency’s accounts, which could be the first actual audit conducted for …
Continue reading “BVI Ports Authority planning forensic audit”
The Virgin Islands financial services industry continued a downward slide in the second quarter of 2019, incorporating 6,365 new companies to turn in its worst quarter since 2003, when the …
The Organisation for Economic Cooperation and Development is the latest financial body to issue a warning that the global economy is weakening. In its latest Interim Economic Outlook, released last …
Continue reading “OECD: Global economy increasingly fragile”
The Virgin Islands is one of the 10 economies in the world that together host more than 85 percent of an estimated $15 trillion in “phantom investments” annually, according to …
A total of 12,945 insurance claims totalling more than $918 million have been filed relating to the August floods and September hurricanes of 2017, according to a report from the …
Continue reading “FSC: Insurance payouts from 2017 disasters top $828m”
This winter, Virgin Islands residents seeking a new career path may want to consider one they may have thought only existed in English manor houses or on television: butler. “We …
Continue reading “Revamped Rosewood Little Dix Bay prepares to reopen”
Two years after Hurricane Irma, a walk through Road Town suggests that the biggest victory of the private sector also remains its greatest challenge: rebuilding. “Many of the businesses are …
Continue reading “Businesses take a lead in Hurricane Irma recovery”
Next month, the European Union will revamp its methodology for compiling its anti-money laundering blacklist, after a previous list was blocked by EU governments that objected to the listing of …
Continue reading “EU anti-money laundering blacklist to be revisited”
Despite the Tuesday closure of a major Florida port and Tropical Shipping’s temporary suspension of sailings due to Hurricane Dorian, the average Virgin Islands consumer needn’t worry, according to Chris …
Continue reading “No food shortages due to Hurricane Dorian”
Hong Kong leader Carrie Lam on Tuesday refused to budge on the demands of the pro-democracy protesters marching through the streets of the Chinese territory, even as the demonstrations became …
The BVI Electricity Corporation has been granted an injunction against BVI Cable TV after claiming that the cable company was “creating safety risks” to the public and BVIEC employees by …
Aspiring marine professionals will get new opportunities to train in all aspects of the industry after Premier Andrew Fahie launched the new “Back to the Sea” Maritime Industry Training Programme …
When the sun came up on Aug. 7 and hundreds of people were dancing their way through East End, Jessika Robinson knew she had to be in the thick of …
Continue reading “East End festival renews focus on culture”
Javier Smith, as a freelance boat captain, thought he could anticipate his guests’ every need. But it wasn’t until he visited Miami for a friend’s birthday party that he realised …
The legal framework of the Virgin Islands, along with those of 11 other low- and no-tax jurisdictions, has been declared “not harmful” by the Organisation for Economic Cooperation and Development …
The East End/Long Look Rise and Shine Tramp took place Wednesday morning between the Youth Empowerment Project to the Queen Elizabeth II Bridge, as part of the 65th Emancipation Festival. …
Continue reading “SLIDESHOW: East End/Long Look Rise and Shine Tramp”
From Nanny Cay to Virgin Gorda to Anegada to seemingly everywhere in between, this year’s “Christmas in July” was a virtual phalanx of Puerto Rican- flagged boats, with about 450 …
Continue reading “Puerto Ricans take over for Christmas in July”
The government needs $8.3 million to get the territory’s airports back on track after the newly installed BVI Airports Authority board discovered “a rabbit hole of mismanagement, deception, profligacy, and …
Continue reading “Fahie: Airports a ‘rabbit hole’ of mismanagement”
Beginning yesterday, applicants for permanent residency and belongership have three weeks to apply to the Immigration Department for consideration under the modified “fast-track programme” designed to clear the backlog of …
“Digitalisation is our ticket,” Jennifer Potter-Questelles, deputy managing director of corporate services at the Financial Services Commission, said last week during the FSC’s annual Meet the Regulator forum. To help …
Continue reading “FSC to invite applications for fintech “sandbox””
Price control is “not the focus” of the 99-page draft Consumer Protection Act, 2019, said Junior Trade Minister Sharie de Castro (R-at large), even though she acknowledged that price gouging …
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The government is holding a series of meetings with business owners and the wider community to gain input in preparation for the second and third readings of the Consumer Protection …
Continue reading “Government seeks input on consumer protection bill”
The Virgin Islands incorporated 7,214 new companies in the first quarter of 2019, representing an approximately 19 percent dip from the previous quarter’s total of 8,916 incorporations and turning in …
Over the past decade, Latin American families have become increasingly likely to declare their wealth to tax authorities in their home countries, according to Martin Litwak, founder of Untitled (formerly …
Continue reading “Latin American transparency could provide opportunities”
