"The light that comes from wisdom never goes out"
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 …
Continue reading “VI court reverses asset freeze in $6b case”
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, …
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 …
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 …
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 …
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 …
Continue reading “New incorporations hit 21-year low in 2020”
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. …
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 …
Continue reading “Premier: Financial services helping VI through Covid”
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 …
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 …
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 …
Continue reading “FATF review set to get under way in July 2022”
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 …
Continue reading “Minister warns about ‘unfair’ redundancies”
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 …
Continue reading “2020 tourism industry revenue dipped nearly $280m”
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 …
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 …
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 …
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 …
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 …
Continue reading “VI tops financial centre ranking in region”
Premier Andrew Fahie has abruptly reversed most of the controversial fee hikes from the BVI Ports Authority that have put the business community in an uproar. “The majority of the …
Opening a new business in the midst of a global pandemic may seem risky, but entrepreneurs in Sopers Hole, an area that has been recovering steadily from the devastation of …
Opposition Leader Marlon Penn has now weighed in on the heated debate over the BVI Ports Authority’s ongoing fee increases, which have caused consternation among business owners who were already …
Continue reading “Public battle over port fee hikes rages on”
As elected officials self-isolated due to potential exposure to Covid-19 at a Sea Cows Bay funeral and active cases rose to their highest level in months, Health and Social Development …
Continue reading “Premier isolates, tests negative after Covid-19 exposure”
A recent survey of 2,400 CEOs and other top executives in 52 countries worldwide found that most of the respondents expect revenues to return to pre-pandemic levels this year with …
Continue reading “Ernst & Young survey: Global profits likely up next year”
An iconic Virgin Islands brand has entered a new chapter. Mark Vanterpool, Fourth District representative and the owner of the One Mart chain, on Monday announced his purchase of the …
Petr Kellner was someone who knew the value of a simple glass of cold water. “I remember him bringing in a container of ice after the hurricanes,” Virgin Gorda resident …
Continue reading “Saba Rock owner dies in Alaska copter crash”
