"The light that comes from wisdom never goes out"
“Good morning, everyone. On behalf of BVI Golden Roadshow Airlines, it is my pleasure to welcome you aboard Flight 284 with nonstop first-class service from San Juan, Puerto Rico to …
Continue reading “Tourist Board gives virtual tours at Golden Roadshow”
A streamlined, business-friendly environment across all sectors of the economy will be the goal of the Virgin Islands Trade Commission, which was officially “launched” on Tuesday during a virtual ceremony …
Continue reading “Trade Commission ‘launches’ with no members”
The Canadian Imperial Bank of Commerce’s efforts to close a $797 million sale that would see it unload FirstCaribbean banks in the Virgin Islands and 15 other Caribbean locations was …
The financial services industry that has helped keep the Virgin Islands economy afloat amid the global pandemic is rushing to distance itself from a new threat posed by the commission …
Continue reading “Finance industry copes with inquiry fallout”
New company incorporations climbed by 32 percent to reach 6,254 in the third quarter of 2020 after three straight quarters of falling numbers, as the financial services industry proved a …
Continue reading “Slight Q3 spike in incorporations offers hope”
Fees for cargo, wharfage and other services will double and the cost of some licences will more than triple under a new fee hike announced last week by the BVI …
The dawn of Brexit could find the Virgin Islands on the European Union blacklist of non-cooperative tax jurisdictions even though the territory passed economic substance legislation in 2018 specifically to …
A Virgin Islands construction firm has been tapped to perform more than $300,000 worth of repairs to the attorney general’s residence in McNamara, more than three years after the building …
Continue reading “Attorney general’s residence to be repaired”
The Caribbean tourism economy continues to struggle, with the World Travel and Tourism Council estimating recently that the best-case scenario will see it take a hit of $27 billion and …
A Virgin Islands court has frozen shares in two hotels belonging to Pakistan’s national airline in one of the highest-dollar cases ever mediated through the territory’s courts. The order may …
Even as the Virgin Islands charter industry struggles to regain the business it lost during the Covid-19 pandemic, it is poised to get some new competition from its neighbouring territory. …
Out of 22 Caribbean countries and territories surveyed recently by the International Labour Organisation, the Virgin Islands offered the fewest types of Covid-19 stimulus to businesses — two out of …
Twenty percent of about 50 businesses that responded to a November survey from the BVI Chamber of Commerce and Hotel Association reported an “extremely negative impact” from the Covid-19 pandemic …
The United States Congress followed the lead of the United Kingdom, the European Union and other countries last month in taking aim at anonymous companies used to enable tax abuse, …
The Virgin Islands government has “significant reservations” about a draft order in council on public registers of beneficial ownership, according to Premier Andrew Fahie. The draft, which was published on …
Continue reading “UK publishes draft order for public registers”
BVI Finance has praised a British think tank’s new paper about public registers of beneficial ownership, a topic which has put the Virgin Islands and other overseas territories at odds …
This year’s Financial Services Week, which wrapped up on Friday, featured the theme “Top of the List: Celebrating Longevity, Ingenuity, Substance and Transparency,” and highlighted the contributions of an industry …
Continue reading “Events highlight changing financial industry”
Parking may soon get easier for holiday shoppers at the Cyril B. Romney Tortola Pier Park after the launch of a valet parking service as part of a partnership with …
Continue reading “Pier Park to get valet parking, for charity”
Shortly before the Covid- 19 pandemic began to wreak havoc on the global economy, the Virgin Islands quietly reached its own troubling economic milestone: New company incorporations, long viewed as …
Continue reading “SPECIAL REPORT: Incorporations still falling after 20-year lows in 2019”
Like CCT and BVI Cable TV, FLOW has filed a lawsuit challenging the levy that the Telecommunications Regulatory Commission recently decided to start collecting for the first time since the …
Even as Caribbean countries including the Virgin Islands cautiously reopen their borders to tourists, new statistics from the Caribbean Tourism Organisation’s November report illustrate the havoc the Covid- 19 pandemic …
A recent report by the nonprofit Tax Justice Network alleged that the Virgin Islands is responsible for 3.81 percent of global tax losses amounting to $16.3 billion, a figure that …
Continue reading “Report blames VI for 3.81% of global tax loss”
Some of the territory’s largest resorts announced last week that they plan to open their doors either on the same day or shortly after the territory as a whole does …
CCT and BVI Cable TV are challenging the telecommunications levy that regulators recently decided to start collecting for the first time since the Telecommunications Act took effect in 2006. In …
Amid demands from the business community, Natural Resources, Labour and Immigration Minister Vincent Wheatley has announced that the workforce furlough extension passed in the House of Assembly in June will …
