A new electronic work permit system has arrived just as the Covid-19 pandemic has led to more and more business being conducted remotely. Premier Andrew Fahie, during a virtual rollout …
July 21, 2021
July 16, 2021
Businesses fear labour shortage
Seeing the United States, including the neighbouring US Virgin Islands, experience a labour shortage as pandemic restrictions ease, businesses owners who spoke during a BVI Chamber of Commerce and Hotel …
July 13, 2021
‘Digital nomads’ bring millions to region through remote work
In the 10 months after the One Year Barbados visa for remote work launched, it processed some 2,500 applications, earned $6 million for government coffers, and raked in at least …
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July 9, 2021
Guv okays bills to deter financial crime
Six bills designed in large part to deter financial crime took effect recently after receiving assent from Governor John Rankin. The Proliferations Financing (Prohibition) Act, 2021, passed in the House …
July 9, 2021
Governor assents to 13 laws
Governor John Rankin assented to 13 bills last month, bringing into effect legislation that deals with issues ranging from gun violations to birth and death certificates. The Explosives (Amendment) Act, …
July 2, 2021
Laws to crack down on financial crimes
To help the territory stay abreast of changing international standards, the House of Assembly passed a trio of bills last week aimed at countering money laundering, terrorism and proliferation financing. …
June 24, 2021
More port fee hikes postponed, again
After Premier Andrew Fahie abruptly postponed to next year most of the controversial port fee hikes that put the business community in an uproar earlier this year, the BVI Ports …
June 15, 2021
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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June 14, 2021
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, …
June 10, 2021
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 …
June 10, 2021
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 …
June 8, 2021
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 …
June 2, 2021
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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May 30, 2021
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. …
May 25, 2021
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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May 22, 2021
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 …
May 15, 2021
$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 …
May 15, 2021
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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May 8, 2021
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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May 5, 2021
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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May 5, 2021
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 …
April 27, 2021
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 …
April 26, 2021
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 …
April 23, 2021
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 …
April 20, 2021
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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