The territory’s financial services industry has enjoyed a breakthrough year in rising global powerhouse India, according to the government. A 12-month-long push into the country, which recently overtook the United …
Company formations jump nearly 19% in Q3
New incorporations in the Virgin Islands recently saw their strongest quarter in four years, according to statistics released by the Financial Services Commission. In the third quarter of this year, …
VI hits back at London over transparency
Transparency-related tensions have again erupted between the Virgin Islands and Britain, which recently launched a new anti-corruption strategy that suggests overseas territories should launch fully public registers of beneficial ownership. …
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Tomorrow’s business drivers get a boost
The next generation of homegrown entrepreneurs was celebrated as the future of the Virgin Islands during a recent awards ceremony. The gathering on Dec. 1 followed a three-week Entrepreneur Training …
VI a ‘pace setter,’ awardees told
The Virgin Islands is a global leader in financial services partly because of continuous international scrutiny, Premier Natalio “Sowande” Wheatley said last week during a business awards ceremony. Speaking at …
New apprentices get to work
The government’s winter apprenticeship programme will place 123 students across the public and private sectors this month with a focus on science and medical careers, organisers said. The December initiative, …
Caribbean Airlines to cut Tortola flights
In October 2024, Caribbean Airlines launched new flights connecting the Virgin Islands to Trinidad, Barbados, Antigua and Puerto Rico. Now, it is cutting them. Effective Jan. 10, the Trinidad-based airline …
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Gov’t touts ‘grey list’ progress, but expert says VI has a long way to go
A recent report has found that the Virgin Islands has made “significant” headway in addressing the technical deficiencies that helped land the territory on the Financial Action Task Force’s so-called …
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Work-permit reversal sparks confusion
The government sparked confusion last week by abruptly stating that indefinite work permit exemptions had been scrapped — only to U-turn in the face of widespread concern. In a reversal …
Charming businesses, ‘quiz mistress’ has raised $600k
A self-proclaimed “quiz mistress” who has persuaded Virgin Islands firms to help her raise $600,000 for good causes has been awarded the British Empire Medal. Julie Cooper was recognised in …
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VI repped at dive show in Orlando
A Virgin Islands delegation is representing the territory this week at one of the world’s largest annual industry gatherings for professionals in scuba diving, ocean sports and adventure travel. As …
Soca cruise set to make a splash
Up to $750,000 could be pumped into the Virgin Islands’ economy when the UberSoca Cruise docks in the territory for the first time tomorrow, according to government. The so-called “non-stop …
Nanny Cay expansion breaks ground
Ground has been broken on a $30-$40 million development aimed at cementing Nanny Cay Resort and Marina’s place as the “heart of Caribbean yachting,” officials said. The expansion will see …
Opposition backs premier on company register
The lives of business owners could be put at risk if the government allows full public access to the beneficial-ownership register it plans to launch by June, according to Opposition …
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‘This is our moment,’ premier tells CTO summit
Premier Natalio “Sowande” Wheatley knows the tourism industry from the inside, he said this week at a Road Town meeting for human-resources professionals from across the region. His experience, he …
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Territory eyes Africa business
Virgin Islands financial services officials used two major events in London last week to push Africa as a potential major growth market for the territory. BVI Finance CEO Elise Donovan …
VI repped at fintech event in Singapore
At a recent showcase for fintech and digital assets in Singapore, a Virgin Islands delegation moved to position the territory as a reliable destination for investment in the fast-growing business …
Youths Urged To Bank On Success
The digital economy and youth empowerment were key focus points of World Investment Week in the Virgin Islands, according to BVI Finance. The global event, which takes place annually in …
Premier touts prospects for Prospect Reef
After two decades of controversy and false starts, ground should finally be broken on a new resort at Prospect Reef next year, according to Premier Natalio “Sowande” Wheatley. A Cabinet …
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Bellevue baker honoured as ‘unsung hero’
Community was the theme of the day as CIBC Caribbean named its 2025 Unsung Hero award winner at a special celebratory lunch last Thursday at Maria’s by the Sea. In …
Tourism plan, policy delayed again
As the Virgin Islands prepares for a tourism season expected to bring a record number of visitors, a long-promised policy and plan to help guide the sector have been delayed …
UK debt-ratio deal crucial to airport project
The government’s hopes of extending the Beef Island runway could hinge on London loosening the Virgin Islands’ debt rules, Premier Natalio “Sowande” Wheatley has signalled. Mr. Wheatley said he is …
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26 interns get a taste of financial services
Rising stars of the Virgin Islands financial services sector received a boost as the Tomorrow’s Leaders Internship Programme gave 26 youths work experience within top-tier firms in the territory. The …
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Smith: Civil service letting down businesses, public
Entrepreneurs and other residents are suffering because the Virgin Islands’ civil service is slow, ineffective and unaccountable, Financial Services and Economic Development Junior Minister Lorna Smith told the House of …
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Premier ‘hopeful’ UK will help expand airport
Britain could help the Virgin Islands government finally deliver on its controversial plan to move ahead with a major airport expansion on Beef Island, Premier Natalio “Sowande” Wheatley told the …
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