Speaker of the House Julian Willock missed a scheduled appearance before the Commission of Inquiry on Monday, causing Commissioner Sir Gary Hickinbottom to declare him “in willful default” of a …
VI court reverses asset freeze in $6b case
A Virgin Islands court has unfrozen shares in two hotels belonging to Pakistan’s national airline in the latest development in Reko Diq, one of the highest-dollar cases ever mediated through …
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Pier park kiosk spat leads to lawsuit
Talk show host and former BVI Tourist Board events coordinator Cindy Rosan-Jones is the target of a defamation lawsuit from Vance Lewis, CEO of Cyril B. Romney Tortola Pier Park, …
G7 tax plan could hit home in VI
Finance ministers from Group of Seven countries met in London on Saturday and agreed to back United States President Joe Biden’s proposal for a minimum global corporate tax rate of …
New One Mart coming to East End
One Mart has seen a busy year despite an overall struggling economy in the territory and further abroad. Following a recent reverse merger that took the business public in the …
G7 to consider global minimum tax
Finance ministers from Group of Seven nations will meet tomorrow in London, where they are expected to back United States President Joe Biden’s proposal for a minimum global corporate tax …
RTW founder dies at age 88
Peter Haycraft, who migrated to the Virgin Islands as a young sailor and founded a small wholesale company that would become the territory’s largest supermarket chain, died in the early …
New incorporations hit 21-year low in 2020
With just 22,362 new companies formed, 2020 hit a 21-year low for new incorporations, despite a fourth quarter that performed slightly better than the year before, according to numbers recently …
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Premier reverses tax hike for BVIEC fuel
Last week Premier Andrew Fahie took responsibility for the implementation and quick reversal of a wharfage fee hike on petroleum products that would have raised electricity bills in the territory. …
Premier: Financial services helping VI through Covid
With only a modest dip in revenue so far this year compared to early 2020, the financial services industry has continued to buoy the territory’s economy while other sectors have …
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Premier details port purchases, finances
The BVI Ports Authority has enhanced its patrolling capabilities with the acquisition of a new speedboat, Premier Andrew Fahie announced in a House of Assembly sitting last Thursday, during which …
Cruise ‘bubble’ still a mystery
Cruise ships are scheduled to start arriving in the territory next month, but a plan to put their cruise ship passengers in a “bubble” in the era of Covid19 was …
$300k contract signed for EE centre
Community centres in the Virgin Islands serve as gathering spaces in good times and as vital shelters during storms, but many of them have sat in ruins since taking severe …
FATF review set to get under way in July 2022
The Caribbean Financial Action Task Force’s long-delayed onsite visit to the the Virgin Islands is scheduled for July 2022, and Financial Services Commission officials said a flurry of activity is …
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Minister warns about ‘unfair’ redundancies
Employers must be “transparent, fair and reasonable” when making workers redundant, Natural Resources, Labour and Immigration Minister Vincent Wheatley told the House of Assembly last Thursday in a statement he …
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Beacon can’t get Skelton-Cline’s ‘public’ contracts
The United Kingdom commission of inquiry has asked government consultant Claude Skelton-Cline to turn over all documents related to his contracts with the government, he said on an April 27 …
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2020 tourism industry revenue dipped nearly $280m
Although the dramatic pandemic-related slowdown in the tourism industry is evident from the Virgin Islands’ uncrowded beaches and vacant hotel rooms, statistics Premier Andrew Fahie presented to the House of …
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Deposit insurance programme delayed
A regime designed to protect bank customers’ deposits has a new target date of 2022, as a consultant hired last year continues her work on subsidiary legislation to the Virgin …
Construction is booming, premier says
Despite the economic downturn in 2020 related to the Covid-19 pandemic, Premier Andrew Fahie called 2020 “an extremely busy year” for the construction industry in the Virgin Islands. The Town …
Malone grilled on pollution scrubber
The Pockwood Pond incinerator is back burning trash after six weeks offline, but Health and Social Development Minister Carvin Malone came under fire in the House of Assembly last week …
Work permit exemptions revised
After a recent review, work permit exemptions will look different when the Department of Labour and Workforce Development resumes granting them, according to Natural Resources, Labour and Immigration Minster Vincent …
Construction is booming, premier says
Despite the economic downturn in 2020 related to the Covid-19 pandemic, Premier Andrew Fahie called 2020 “an extremely busy year” for the construction industry in the Virgin Islands. The Town …
Tourism in the quarantine era
It had been over a year since I’d last travelled to the United States. I normally make the trip twice a year, and I’d never missed Christmas in my home …
VI tops financial centre ranking in region
The Virgin Islands climbed four places to regain its title as the top financial centre out of 13 in the Latin America and Caribbean region in the 29th edition of …
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Premier flip-flops on port fees
Premier Andrew Fahie has abruptly reversed most of the controversial fee hikes from the BVI Ports Authority that have put the business community in an uproar. “The majority of the …