"The light that comes from wisdom never goes out"
Legislators passed 18 laws on Thursday and Friday with little to no public debate, just two days before international assessors arrived as part of a key anti-money-laundering review. Most of …
Continue reading “Before review, 18 laws passed in two days”
The Organisation for Economic Cooperation and Development’s Global Forum Peer Review Group has accepted the government’s request for a supplementary review that — if successful — could cause the European …
Eleven days before international assessors are scheduled to arrive as part of a key anti-money-laundering evaluation, Premier Dr. Natalio “Sowande” Wheatley introduced amendments to 16 financial services laws last Thursday …
Continue reading “16 bills rushed ahead of international review”
A long-promised system of deposit insurance is slated to launch during the third quarter of this year, Premier Dr. Natalio “Sowande” Wheatley said while introducing the Virgin Islands Deposit Insurance …
Public-private partnerships are among the options being considered for the airport expansion the government hopes to build soon, officials said after attending a recent meeting of the Airport Expansion Summit …
Government hopes the territory will be removed from the European Union’s blacklist of “non-cooperative jurisdictions for tax purposes” by October, three senior officials said Friday. “The BVI is working very …
Continue reading “Officials push back against European Union blacklist”
Twenty-one Virgin Islands entrepreneurs received certificates from the Branson Centre of Entrepreneurship’s accelerator programme in late January. The participants underwent four months of “intense” training, which concluded with a ceremony …
Continue reading “21 take part in Branson business training”
The Virgin Islands Shipping Registry still plans to transform into a statutory body, but it has not yet done so, VISR Director John Samuel told the House of Assembly in …
Continue reading “Shipping Registry still aims to be statutory body”
Rocky economic times often lead to calls for government to step in and put pressure on banks to provide better customer service, make it easier to take out mortgages and …
Oil Nut Bay announced recently that it has begun offering its guests direct helicopter service to St. Thomas and San Juan after its heliport became “the first in the British …
Continue reading “Virgin Gorda resort offers int’l copter flights”
Touting what they described as progress toward an “agile, lean, digital and green” public sector focused on service and innovation, ministry leaders explained their recent achievements during a “midterm review” …
As part of ongoing efforts to market the territory’s financial industry, BVI Finance has commissioned a new report that touts the sector’s contributions and explores how it may adapt to …
Continue reading “BVIF-funded report touts financial industry”
A new agreement between this territory and the United States Virgin Islands will allow charter boats to travel more freely between the two archipelagos, according to Premier Dr. Natalio “Sowande” …
With more than $400 million of assets in the Virgin Islands frozen in the wake of sanctions related to the Russian invasion of Ukraine, even many unsanctioned Russians are finding …
Continue reading “Arbitrators aim for balance amid sanctions”
Former Bermuda Premier Sir John Swan urged the Virgin Islands to “guard against selling off its dreams in the quest for quick capital” as he addressed the 30th anniversary dinner …
When government officials broke ground on the Market Square revitalisation in October 2020, they said the project would be completed in about nine months. That didn’t happen, but completion is …
Tender documents are being developed for release to seven companies that pre-qualified to bid on the Paraquita Bay solar microgrid project announced last year, Deputy Premier Kye Rymer said last …
An amendment before the House of Assembly would bring the territory one step closer to setting up a long-promised system of deposit insurance in the territory. The amendment to the …
Continue reading “Bill is another step toward deposit insurance”
Celebrity finances are frequently in the news, for reasons from bankruptcy to tax trouble to messy divorces to squabbles over estates. Lawyer, businessman and author Martin Litwak, founding partner of …
An amendment currently before the House of Assembly seeks to give the Financial Services Commission more tools to handle banking crises and would set a long-awaited framework to bring into …
Continue reading “Bill includes framework for deposit insurance”
Incorporations toppled in the second quarter, suggesting that 2022 won’t reach the heights of 2021, according to the latest quarterly report from the Financial Services Commission. Q2 2022 saw just …
The BVI Electricity Corporation has been awarded €245,481 (about $241,000) from the European Union to improve its ability to keep the power on during pandemics and other “extreme and recurrent” …
Global digital asset service provider Huobi announced that it has secured approval from the Financial Services Commission to operate an exchange for cryptocurrencies and other virtual assets under its subsidiary …
Continue reading “Financial Services Commission approves digital asset exchange”
The first formal meeting since 2020 between the governments of this territory and the United States Virgin Islands resulted into boost the tourism and marine industries and improve wireless technology. …
Continue reading “Tourism, tech on agenda at Inter Virgin Islands Council”
Even as travel bounces back post-pandemic, Caribbean destinations risk pricing themselves out of the market if they don’t find a way to lower taxes and fees on airline tickets and …
