School adopted
Telecommunications provider LIME last week “adopted” the Enis Adams Primary School, the 11th school to be sponsored in four years. LIME officials gave the school a $5,000 donation and promised to become involved with and mentor the school’s students, according to a press release from the Ministry of Education and Culture.
FSC warning
The territory’s financial services regulator last week released a list of three financial services companies that are not licensed to do business in the Virgin Islands. The Financial Services Commission “became aware” that Harbourlight FAB Fund Ltd., a mutual fund, may have done business in the VI without being registered, according to an FSC press release. Aerolite Ltd. was reportedly offering investment opportunities through telemarketing while representing itself as a VI-registered company, the press release said. Additionally, Telerad Property & Casualty Insurance Corporation is no longer licensed to do insurance business in the territory. Its licence expired on Dec. 31, 2007, the FSC said, advising companies to “exercise extreme caution” when doing business with all three firms.
Sailing
Charter company The Moorings will add a new model of yacht, the Moorings 393 Power Catamaran, to its VI fleet in November. The yacht features two cabins and three heads, a saloon and galley, and an owner’s suite in the starboard hull, according to a company press release.