"The light that comes from wisdom never goes out"
A Virgin Islands-incorporated company recently convinced the Commercial Court to back a novel approach in trying to track down people involved in an alleged theft of digital currency and seek …
Continue reading “VI court issues world-first freeze in crypto case”
Forty-eight of 49. That’s how many Commission of Inquiry recommendations the new National Unity Government has pledged to complete over the next two years under the proposal recently agreed with …
SOL will step in to provide No. 2 Diesel fuel and other services to the BVI Electricity Corporation through 2024, after the utility’s original contract with Delta Petroleum was terminated …
A federal court in New York has authorised the United States government to seize two private jets collectively worth $410 million that are allegedly owned by a Russian oligarch and …
The wait is over. Governor John Rankin and Premier Dr. Natalio “Sowande” Wheatley announced on Wednesday morning that the United Kingdom will not suspend parts of the Virgin Islands Constitution …
Continue reading “No direct rule for now as UK accepts unity government’s proposal”
Despite government offering a variety of initiatives to help borrowers struggling financially due to the impacts of the Covid-19 pandemic, Premier Dr. Natalio “Sowande” Wheatley told the House of Assembly …
More than $1.6 million in rent concessions were granted to about 70 tenants at the Cyril B. Romney Tortola Pier Park between April 2020 and February 2021 to offset their …
Continue reading “Pier park grants $1.6m in rent concessions”
Overnight tourist arrivals in the first two months of 2022 soared in comparison to the same period in 2021, with the 26,225 visitors representing the Virgin Islands’ slow climb to …
Government leaders have not always followed 2018 guidelines for government rental property, and they have improperly excluded the Deputy Governor’s Office from the process in many instances, according to the …
Continue reading “COI: Policy on gov’t rentals not always followed”
Cruise ship passengers’ enthusiasm for visiting the Virgin Islands hasn’t been dampened by the arrest of the territory’s former premier last month in Miami while he was on a trip …
Continue reading “Rymer touts Seatrade despite Fahie arrest”
Since Russia invaded Ukraine in February, the Virgin Islands has frozen more than $40 million in assets, according to the Governor’s Office, which serves as the competent authority for sanctions …
Delta Petroleum CEO Carlos Robles fired back at the BVI Electricity Corporation on Friday, saying the company is “surprised and disappointed” by the BVIEC press release last week claiming that …
Delta Petroleum has notified the BVI Electricity Corporation that it cannot continue to source and supply the fuel required under the contract it signed with the utility in October, BVIEC …
Even amid the turmoil caused by the forced resignation of then-Speaker of the House Julian Willock on May 3, the House of Assembly still had time to pass a financial …
When former Turks and Caicos Islands Premier Sharlene Cartwright-Robinson read the Commission of Inquiry report on the Virgin Islands, she was stunned. At 937 pages, the document is much more …
The results of the Commission of Inquiry are in, and governance in the Virgin Islands has been found to be “at best, very poor,” wrote Commissioner Sir Gary Hickinbottom. Concluding …
Continue reading “Virgin Islands governance is ‘very poor,’ COI report finds”
The Virgin Islands financial services industry rushed to distance itself from the Miami arrests last Thursday of Premier Andrew Fahie and BVI Ports Authority Managing Director Oleanvine Maynard — as …
Continue reading “Financial services copes with Fahie fallout”
On Friday, Virgin Islands students helped clean up the oceans — virtually. Onscreen, an entity powered by artificial intelligence combed through an ocean of colourful fish and other objects. However, …
As the latest step in the Caribbean Development Bank’s efforts to help Caribbean governments get better value for money, the bank has launched a new phase of its public procurement …
In 1992, 26 ambitious Virgin Islanders and belongers each dug into their pockets and took out $1,000. Facing a fragile Virgin Islands economy and limited opportunities for investment, they decided …
Continue reading “Marinas get work as Investment Club marks 30”
Caribbean countries that live in fear of being blacklisted by the European Union should band together and take legal action, according to Barbados-based economist and Caribbean policy expert Marla Dukharan. …
On the day of his swearing-in ceremony on April 19, 2021, Police Commissioner Mark Collins was unequivocal about his goals over his three-year term: maintaining the security of the Virgin …
Twenty-seven residents received certificates on April 5 after completing eight modules of the Employability Skills Training Programme. Dr. June Soomer, chair of the University of the West Indies Open Campus …
In 2021, new incorporations in the Virgin Islands saw their best year since 2018, recovering somewhat from a disappointing downward trend for the territory’s core financial product, according to fourth …
An early participant in the Financial Services Commission’s regulatory sandbox regime for financial technology recently spoke out about her experiences operating in a small but growing industry in the Virgin …