Although a board was appointed in May to oversee the new Trade Commission, the statutory body has not started functioning due to longstanding delays caused by a shortage of human …
September 22, 2023
September 22, 2023
Huntums Ghut centre promised soon
After years of delays, the government’s Economic Zone project in Huntums Ghut is nearing completion, according to Communications and Works Minister Kye Rymer. “As of September 2023, the project is …
September 18, 2023
Banks had 530 bad loans in Q1
There were 530 non-performing loans across seven banks that operate in the territory as of the first quarter of the year, according to Deputy Premier Lorna Smith. She provided the …
September 18, 2023
Virgin Islands hosting talks on illicit finance
As the United Kingdom and her overseas territories prepare for the annual Joint Ministerial Council in November in London, they sent representatives to the Virgin Islands last week for a …
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September 12, 2023
Financial Services Commission claims its website was cloned
The Financial Services Commission’s website has been cloned at a similar internet address, and the agency said it is working to decommission the fake. The purpose of the fraudulent site …
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September 12, 2023
College partners with marine industry
Outboard engines, water systems and air-conditioning have been among the topics covered as part of an ongoing Tech Workshop Series offered by H. Lavity Stoutt Community College in partnership with …
September 5, 2023
Chamber of Commerce rebrands
During an hour-long ceremony last week, the former BVI Chamber of Commerce and Hotel Association formally announced its rebranding. It is now simply the BVI Chamber of Commerce after officially …
September 4, 2023
Customer service centre relocates
The government’s Customer Service Care Centre has fully relocated to the first floor of the Burhym Building on De Castro Street in Road Town, according to the Deputy Governor’s Office. …
August 30, 2023
Virgin Islands repped at travel show in Vegas
A delegation from the Virgin Islands met with travel advisors, tour operators, and media representatives during a recent event in Las Vegas, Nevada. The group — which included personnel from …
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August 30, 2023
Government in talks on global tax
Even though the government doesn’t expect the planned Global Minimum Tax to adversely affect the Virgin Islands’ financial services sector, discussions are ongoing with the industry in order to ensure …
August 23, 2023
VI mission strengthens Guyana links
Representatives from the Virgin Islands private sector joined leaders including Deputy Premier Lorna Smith, Junior Minister of Agriculture and Fisheries Dr. Karl Dawson, and BVI Finance CEO Elise Donovan in …
August 21, 2023
Virgin Islands mission strengthens Guyana links
Representatives from the Virgin Islands private sector joined leaders including Deputy Premier Lorna Smith, Junior Minister of Agriculture and Fisheries Dr. Karl Dawson, and BVI Finance CEO Elise Donovan in …
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August 20, 2023
RDA re-tendering West End ferry terminal
The Recovery and Development Agency is re-tendering the West End ferry terminal project after disqualifying all nine firms that attempted to prequalify in a previous tender process launched in May. …
August 3, 2023
Airport closures blamed on ‘growing pains’
Increased air traffic has strained staffing at the territory’s airports in recent months and led to unexpected closures, Communications and Works Minister Kye Rymer said last Thursday during a joint …
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August 3, 2023
17-member delegation visits Guyana
Deputy Premier Lorna Smith is leading a 17-member delegation on a trade mission designed to strengthen ties between the Virgin Islands and Guyana. The mission’s “packed agenda” — which is …
July 30, 2023
Holiday show to feature local gifts
Holiday shopping will start early this year at a new event highlighting products made in the Virgin Islands. On Saturday, the Forge BVI centre in Pockwood Pond hosted a mixer …
July 30, 2023
Scrub Island to go independent
Scrub Island Resort, Spa and Marina will end its 11-year affiliation with Marriott International’s Autograph Collection on Tuesday, resort officials announced last week while citing a need for more “flexibility.” …
July 25, 2023
WinAir launches new Virgin Islands route
The Virgin Islands welcomed the inaugural WinAir ATR 42 flight on Saturday, launching a new service connecting Beef Island with Antigua. “This development is also expected to contribute to the …
July 25, 2023
Businesses asked to take survey
Last week government issued a “Business Conditions Survey” designed to “capture changes in the business conditions and assess the current state of the economy.” The survey consists of 11 multiple-choice …
July 11, 2023
Government aims for pre-Irma tourism numbers
Preliminary data shows growth in visitor arrivals in the first quarter of this year, and the trend is expected to accelerate with the help of the daily direct flights between …
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July 10, 2023
Smith plans trade mission to Guyana
To foster market diversification and expand international business, Virgin Islands leaders will conduct a trade mission to Guyana this month, according to Deputy Premier Lorna Smith. “Guyana has emerged as …
July 3, 2023
Incorporations drop again in Q1
Last year, company incorporations fell about 22 percent year-on-year, putting the brakes on a modest 2021 recovery from successive 20-year lows in 2019 and 2020. This year may be shaping …
July 3, 2023
Work permit renewal system tweaked
As part of ongoing efforts to streamline the work permit renewal process, Deputy Premier Lorna Smith announced on Monday that employers and human resource managers can now collect renewals on …
June 27, 2023
Incorporations down 22% in 2022
In 2022, incorporations fell about 22 percent year-on-year, putting the brakes on 2021’s modest recovery from successive 20-year lows in 2019 and 2020. Incorporation numbers — which are seen as …
June 26, 2023
Caribbean Development Bank rethinks development financing
In the age of climate disasters, pandemic concerns and economic uncertainty, development financing mechanisms must be re-tooled, leaders said this week at the Caribbean Development Bank’s 53rd Annual Heads of …
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