"The light that comes from wisdom never goes out"
Banks, investment funds and insurers could boost their own bottom line by making green decisions that help close an estimated $800 billion per year “biodiversity funding gap” that has been …
Continue reading “Financial firms urged to consider biodiversity”
After one of the roughest years for tourism in recent memory, hotels, yachts and villas are beginning to fill up again at last, but stakeholders fear that staff shortage and …
Continue reading “As tourism returns, staff shortage a concern”
In its early days, the Virgin Islands financial services industry was “the Wild West,” according to Michael Riegels, a founder of Harneys and one of the five practitioners who laid …
Continue reading “‘He runs a tight ship’: Robert Mathavious saluted”
Two formerly empty kiosks at the Cyril B. Romney Tortola Pier Park will be busy for the rest of the year with young entrepreneurs selling drinks — lemonade for the …
Many people like the smell of bread baking, but JOMA Properties CEO Colin O’Neal prefers the smell of “freshly poured concrete,” he said. And Mr. O’Neal is looking forward to …
Complaints about skyrocketing prices and a scarcity of some goods have been popping up on local social media, and Virgin Islands stakeholders with knowledge of the shipping industry said these …
Continue reading “Prices spike as VI feels supply chain pinch”
Saba Rock Resort has been through more than a few storms since the 1960s, when scuba diver and treasure hunter Herbert “Bert” Kilbride used it as his laid-back North Sound …
After the release of global news coverage about some 12 million documents revealing the offshore assets of about 300 politicians and 35 current and former heads of state facilitated through …
Continue reading “ICIJ: Pandora fallout could continue for years”
Tourism numbers for the first half of 2021 are in, and although 26,601 visitors from January to July is a relatively dismal showing, the BVI Tourist Board is optimistic that …
Continue reading “Despite dismal numbers, Tourist Board hopeful”
More than two thirds of the companies named in a massive new offshore data leak analysed by the International Consortium of Investigative Journalists were incorporated through the Virgin Islands, the …
Continue reading “‘Pandora Papers’ data leak involves mostly VI firms”
This year, the Caribbean struggled with economic turmoil due to the ongoing pandemic, a major volcanic eruption in St. Vincent, and an earthquake in Haiti. But amid the upheaval, the …
In a move that could impact the use of Virgin Islands structures, China’s government recently issued new guidelines aimed at increasing the supervision of some of the largest Chinese companies …
At a time when the Virgin Islands government is under fire for abruptly dissolving its own Climate Change Trust Fund board and failing to replace it, a Caribbean tourism pioneer …
Continue reading “Apolitical boards called key to sustainable tourism”
A new report from the European Union Tax Observatory suggests that European banks are reaping about 14 percent of their total profits — about 20 billion euros a year — …
Continue reading “Report: EU banks reap billions from VI, others”
Autland Heavy Equipment, a Virgin Islands firm, has been awarded its seventh contract from the Recovery and Development Agency by beating out eight other local bidders to win a $1,799,499.68 …
On Monday in the House of Assembly, opposition member Julian Fraser took aim at the recent Ministry of Natural Resources, Labour and Immigration policy of requiring holders of work permits …
Robert Mathavious, a pioneering leader in the Virgin Islands financial services industry who retired at the end of last year, will get a weeklong tribute in November during a conference …
In an emergency virtual meeting on July 29, the House of Assembly voted to retroactively exempt Deputy Speaker Neville Smith from vacating his seat after his company Caribbean Security Limited …
If a company that began in the Virgin Islands is successful, the Caribbean may soon have pizza, paper towels or a ride to the store at its fingertips through a …
Continue reading “OneMart affiliate to launch app in Jamaica”
A new electronic work permit system has arrived just as the Covid-19 pandemic has led to more and more business being conducted remotely. Premier Andrew Fahie, during a virtual rollout …
Seeing the United States, including the neighbouring US Virgin Islands, experience a labour shortage as pandemic restrictions ease, businesses owners who spoke during a BVI Chamber of Commerce and Hotel …
In the 10 months after the One Year Barbados visa for remote work launched, it processed some 2,500 applications, earned $6 million for government coffers, and raked in at least …
Continue reading “‘Digital nomads’ bring millions to region through remote work”
Six bills designed in large part to deter financial crime took effect recently after receiving assent from Governor John Rankin. The Proliferations Financing (Prohibition) Act, 2021, passed in the House …
Governor John Rankin assented to 13 bills last month, bringing into effect legislation that deals with issues ranging from gun violations to birth and death certificates. The Explosives (Amendment) Act, …
To help the territory stay abreast of changing international standards, the House of Assembly passed a trio of bills last week aimed at countering money laundering, terrorism and proliferation financing. …
