The BVI International Arbitration Centre will host its third International Arbitration Conference next week as part of the Virgin Islands’ years-long effort to become a hub for out-of-court dispute resolution. …
November 15, 2019
November 13, 2019
VI to launch investment promotion agency
The Virgin Islands will soon launch an investment promotions agency called BVI Invest, which will work to attract foreign investment to the territory, leaders announced. BVI Invest will be part …
November 13, 2019
Logo designers go back to the drawing board
The six young competitors who vied to design a logo for the government’s new Innovative Business Lab set to launch next year are getting a lesson in working for demanding …
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November 4, 2019
US moves toward registers of beneficial ownership
Echoing a push in the United Kingdom and its territories toward greater corporate transparency, the United States House of Representatives last week passed a bipartisan bill requiring companies to disclose …
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November 4, 2019
Big ideas emerge during Innovation Week
“There are a lot of big deals in this room,” said emcee Kareem-Nelson Hull as he surveyed a conference room full of dozens of young Virgin Islands entrepreneurs at the …
October 30, 2019
Premier sees “minimal” impact from Hong Kong protests
The Virgin Islands financial services industry has seen “minimal” impact from the recent pro-democracy protests in Hong Kong, Premier Andrew Fahie said while answering a question from Opposition Leader Marlon …
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October 28, 2019
‘Substance’ rules lead to BOSSS changes
An amendment to the Beneficial Ownership Secure Search System Act, which was rushed through the House of Assembly on Friday, is designed to pave the way for the new rules …
October 23, 2019
Evening ferry service proposed
During the coming tourist season, people arriving in St. Thomas after sunset Friday through Sunday may be able to take a ferry to Tortola if the BVI Tourist Board succeeds …
October 23, 2019
Pioneering disc surgery performed in VI
Last week, a patient who previously couldn’t feel one of his arms left Bougainvillea Clinic with a new lease on life after doctors there performed a vertebral disc replacement surgery …
October 16, 2019
BVI Ports Authority planning forensic audit
The BVI Ports Authority has issued a request for proposals for firms to conduct a forensic audit of the agency’s accounts, which could be the first actual audit conducted for …
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October 9, 2019
New incorporations hit 16-year low
The Virgin Islands financial services industry continued a downward slide in the second quarter of 2019, incorporating 6,365 new companies to turn in its worst quarter since 2003, when the …
October 7, 2019
OECD: Global economy increasingly fragile
The Organisation for Economic Cooperation and Development is the latest financial body to issue a warning that the global economy is weakening. In its latest Interim Economic Outlook, released last …
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September 24, 2019
IMF: VI home to ‘phantom investments’
The Virgin Islands is one of the 10 economies in the world that together host more than 85 percent of an estimated $15 trillion in “phantom investments” annually, according to …
September 23, 2019
FSC: Insurance payouts from 2017 disasters top $828m
A total of 12,945 insurance claims totalling more than $918 million have been filed relating to the August floods and September hurricanes of 2017, according to a report from the …
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September 17, 2019
Revamped Rosewood Little Dix Bay prepares to reopen
This winter, Virgin Islands residents seeking a new career path may want to consider one they may have thought only existed in English manor houses or on television: butler. “We …
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September 9, 2019
EU anti-money laundering blacklist to be revisited
Next month, the European Union will revamp its methodology for compiling its anti-money laundering blacklist, after a previous list was blocked by EU governments that objected to the listing of …
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September 9, 2019
No food shortages due to Hurricane Dorian
Despite the Tuesday closure of a major Florida port and Tropical Shipping’s temporary suspension of sailings due to Hurricane Dorian, the average Virgin Islands consumer needn’t worry, according to Chris …
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September 2, 2019
Hong Kong instability might boost VI
Hong Kong leader Carrie Lam on Tuesday refused to budge on the demands of the pro-democracy protesters marching through the streets of the Chinese territory, even as the demonstrations became …
August 27, 2019
BVIEC, BVI Cable in pole dispute
The BVI Electricity Corporation has been granted an injunction against BVI Cable TV after claiming that the cable company was “creating safety risks” to the public and BVIEC employees by …
August 22, 2019
Marine training programme launched
Aspiring marine professionals will get new opportunities to train in all aspects of the industry after Premier Andrew Fahie launched the new “Back to the Sea” Maritime Industry Training Programme …
August 16, 2019
HOA mulls Trade Commission Act
The Virgin Islands Trade Commission Act, which sets out a framework needed to complement the proposed Consumer Protection Act, was sent to a select committee in the House of Assembly …
August 8, 2019
Bonfire company heating up
Javier Smith, as a freelance boat captain, thought he could anticipate his guests’ every need. But it wasn’t until he visited Miami for a friend’s birthday party that he realised …
August 8, 2019
OECD: VI tax regime “not harmful”
The legal framework of the Virgin Islands, along with those of 11 other low- and no-tax jurisdictions, has been declared “not harmful” by the Organisation for Economic Cooperation and Development …
July 22, 2019
FSC to invite applications for fintech “sandbox”
“Digitalisation is our ticket,” Jennifer Potter-Questelles, deputy managing director of corporate services at the Financial Services Commission, said last week during the FSC’s annual Meet the Regulator forum. To help …
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July 18, 2019
Price control ‘not the focus’ of consumer protection bill
Price control is “not the focus” of the 99-page draft Consumer Protection Act, 2019, said Junior Trade Minister Sharie de Castro (R-at large), even though she acknowledged that price gouging …
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