When Stacy Hodge started a “side hustle” selling and renting party supplies, she was working as a general manager and interior decorator. But eventually, her business, Party World BVI, became …
Money-laundering review rates VI below rivals
Compared with at least two overseas territories that operate rival financial industries, the Virgin Islands still has a “mountain to climb” when it comes to proving its effectiveness in combating …
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A new UK gov’t could press VI to adopt global tax
Pressure could be brought down on the Virgin Islands to bring in the 15 percent Global Minimum Tax on multinational giants if there is a change of United Kingdom government …
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Virgin Islands urged to up vigilance against terrorism financing
The Virgin Islands should take tougher action to mimimise the threat of terrorist financing, according to a recent review of its systems to prevent financial crime. The mutual evaluation report …
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KPMG to carry out airport biz case after submitting lowest bid
KPMG (BVI) Ltd. will carry out the business case slated to guide the way forward for the long-delayed expansion of the Terrance B. Lettsome International Airport, the BVI Airports Authority …
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BVI Finance hosts crypto forums
Virtual assets offer various opportunities for the Virgin Islands financial services industry, but they also bring risks and regulatory complications, panellists said last week during the second of two related …
Bids for airport biz case range from about $209k to $540k
Eight companies from here and abroad bid to carry out the comprehensive business case that is expected to decide the way forward for the government’s long-delayed plan to expand the …
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TRC launches survey on satellite comms
To assess the territory’s interest in using satellite technology for communication services, the Telecommunications Regulatory Commission last week invited the public to give feedback via a survey that is accessible …
2023 cruise numbers likely to set record
A new record for cruise passenger arrivals is expected this year, and 2024 is looking to be even more promising for the industry, according to officials from the BVI Ports …
Virgin Islands pushes back after company register criticism
Last Thursday during a back- bench business debate in the United Kingdom House of Commons, some UK parliamentarians criticised overseas territories for not establishing public registers of beneficial ownership this …
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Virgin Atlantic flies ‘sustainable’ flight
Last week, Virgin Atlantic announced that it had flown the world’s first commercial plane fully powered by “sustainable aviation fuel” from London to New York. But critics described the flight …
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Biz expo lets young entrepreneurs shine
On Dec. 1, the Multi-Purpose Sports Complex was transformed into a mini-market as more than 40 youths demonstrated their business prowess at the Department of Youth Affairs and Sports Business …
International companies eye airport business case
Nearly 50 people from 15 companies around the world attended a pre-tender meeting to discuss a planned business case for the proposed expansion of the Terrance B. Lettsome International Airport. …
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Government aims to relaunch business bureau next year
Next year the government hopes to relaunch the National Business Bureau, which hasn’t been operational since 2019, Premier Dr. Natalio “Sowande” Wheatley said last week in his budget address. “In …
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Seven Seas getting nearly $1 million monthly on top of water cost
In addition to the cost of water, government is dishing out nearly $1 million per month to Seven Seas Water for operations and maintenance at the Paraquita Bay desalination plant, …
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Virgin Gorda gets new flights to Puerto Rico
From Thursday to Monday during this tourism season, travellers will be able to fly between Virgin Gorda and Puerto Rico aboard eight-seater planes operated by the Connecticut-based airline Tradewind Aviation. …
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Government promises to tackle high insurance costs
As natural disasters caused by climate change drive up insurance prices here and abroad, the government is planning a raft of measures to ease the burden in the Virgin Islands, …
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Committee to review minimum wage
Someone earning minimum wage in the Virgin Islands would make $240 per week while working full-time. In one month, that number would be about $960 before taxes and social security. …
Anti-money laundering report set for 2024
A long-awaited anti-money-laundering report crucial to the financial services industry’s international reputation will be finalised and published by early next year, according to Deputy Premier Lorna Smith. “The British Virgin …
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Six of 53 apprentices offered jobs
Six of 53 apprentices in various public agencies obtained full-time employment in recent months through government’s Registration, Apprenticeship, Training, Employment and Development (RATED) Programme, according to Premier Dr. Natalio “Sowande” …
United Kingdom receives advice on territories, again
As part of efforts to strengthen the overseas territories’ voice in the United Kingdom’s House of Commons, a UK parliamentary committee recently heard testimony from a university professor and the …
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Vessel licensing act to be amended
Planned amendments to a 1992 law will aim to reform maritime regulations while promoting a “flourishing” marine industry in the territory, according to Premier Dr. Natalio “Sowande” Wheatley. On Tuesday …
Buy BVI back for first time since Irma
For the first time since the 2017 hurricanes, businesses from around the territory showcased their offerings last week at the Buy BVI Trade Expo. The event — which the BVI …
East End roads to get better. Here’s how:
The road between Hodges Creek and Paraquita Bay will get a much-needed facelift by late April after government awarded a $2.3 million contract to Northam Construction for road rehabilitation, officials …
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European Union removes Virgin Islands from blacklist
Last week, the European Union removed the Virgin Islands from its blacklist of “non-cooperative jurisdictions for tax purposes” more than eight months after giving the territory the designation in February. …
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