"The light that comes from wisdom never goes out"
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”
Two proposed laws will reclassify businesses, up some fees, and implement new processes related to investment, work permits and trade licenses under the umbrella of the new Trade Commission, establishing …
Continue reading “Commission to be “one-stop shop” for trade”
Although the Virgin Islands topped the Tax Justice Network’s “Corporate Tax Haven Index” for the second time in a row, BVI Finance swiftly struck back against the ranking, calling the …
Time is nearly up for employers who have managed to avoid paying severance to their furloughed employees for nearly a year, Natural Resources, Labour and Immigration Minister Vincent Wheatley announced …
The Virgin Islands experienced the fourth-highest decline in gross domestic product of the Caribbean Development Bank’s 19 borrowing member countries in 2020, according to the CDB’s Regional Report: 2020 Review …
After the BVI Chamber of Commerce and Hotel Association called the first planned port fee hike in at least 20 years “borderline madness,” the BVI Ports Authority is attempting to …
Despite threats from the European Council in the wake of Brexit, the Virgin Islands has once again escaped the latest EU blacklist of non cooperative tax jurisdictions. Instead, the EU …
A boom in Caribbean tourism in late 2021 could be in the cards, but only if governments have the tools in place to capitalise on it, according to a panel …
Continue reading “Panel: Prep for Caribbean tourism rebound in Q4”
A bill that would boost mobile commerce by regulating the electronic transfer of funds for both the public and private sectors passed unanimously Tuesday in the House of Assembly. Bipartisan …
Continue reading “New bill passed to boost electronic transfers”
“Good morning, everyone. On behalf of BVI Golden Roadshow Airlines, it is my pleasure to welcome you aboard Flight 284 with nonstop first-class service from San Juan, Puerto Rico to …
Continue reading “Tourist Board gives virtual tours at Golden Roadshow”
A streamlined, business-friendly environment across all sectors of the economy will be the goal of the Virgin Islands Trade Commission, which was officially “launched” on Tuesday during a virtual ceremony …
Continue reading “Trade Commission ‘launches’ with no members”
The Canadian Imperial Bank of Commerce’s efforts to close a $797 million sale that would see it unload FirstCaribbean banks in the Virgin Islands and 15 other Caribbean locations was …
The financial services industry that has helped keep the Virgin Islands economy afloat amid the global pandemic is rushing to distance itself from a new threat posed by the commission …
Continue reading “Finance industry copes with inquiry fallout”
