Government announced Monday that 1,039 businesses will receive funds under the $6.5 million Small Business Sector Grant Programme, and 10 others will benefit from a $40,000 United Nations Development Programme …
September 18, 2020
September 5, 2020
Pinching pennies amid pandemic
In March, just as Covid-19 hit the Caribbean, Peter George, CEO of the Trinidad-based restaurant group Trent Limited, closed his portfolio of eateries before the government made him. “You could …
August 28, 2020
Panel warns about Ponzi schemes in VI
The economic hardships created by the Covid-19 crisis have prompted some desperate residents to put their money in illegal Ponzi and pyramid schemes that can promise as much as a …
August 28, 2020
Gov’t ignored 5 letters, BVICCHA says
Since the BVI Chamber of Commerce and Hotel Association’s Business Task Force first met on March 19, the group has sent the government five letters with situation reports and recommendations …
August 21, 2020
Grants may not be as big as businesses request
Although she reiterated last week that “99.9 percent” of businesses that apply would qualify for the government’s recently launched $6.5 million grants programme, Junior Minister for Trade and Economic Development …
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August 14, 2020
Caribbean Airlines faces challenge to VI expansion
In recent months, Virgin Islands leaders have said that new flights proposed by the Trinidad-based Caribbean Airlines likely would help ease the territory’s air access woes as regional airline LIAT …
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August 3, 2020
Businesses can now apply for grants
According to Karia Christopher, director of the Department of Trade, Investment Promotion and Consumer Affairs, “99 percent of businesses that apply will qualify” for the government’s $6.5 million Small Business …
August 3, 2020
Discovering your own backyard
With borders tightly restricted due to the Covid-19 pandemic, now is a perfect time for a “staycation,” according to tourism-based businesses that have been promoting a variety of packages to …
July 24, 2020
UK singles out VI over company registers
The United Kingdom government singled out the Virgin Islands last week as the sole holdout among the inhabited UK overseas territories and Crown dependencies that has not committed to introducing …
July 22, 2020
$194k contract awarded for Great Mountain road
Government continued its recent series of infrastructure projects last Thursday, with Autland Heavy Equipment Company Limited awarded a contract for $194,065.08 from the Recovery and Development Agency for the first …
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July 22, 2020
Banks look beyond moratoriums
Last week, Republic Bank Managing Director Michelle Palmer-Keizer spoke to one of her customers, a small-business owner who had received a six-month moratorium on her bank loan. “She said, ‘I’m …
July 14, 2020
LIAT’s future still up in the air
As leaders of LIAT shareholder states struggle over the future of the beleaguered airline, BVI Airports Authority Chairman Bevis Sylvester has announced how the territory might fill the gap if …
July 14, 2020
Planning for hurricane season
As businesses ramp up preparations for the height of hurricane season, they need a plan, according to Kristi Creque, disaster management officer for the BVI Red Cross. This season, she …
July 8, 2020
Experts weigh in on EU, Covid-19
The global Covid-19 crisis is slowing the ongoing implementation of “economic substance” rules that affect international financial centres, but this delay may result in a more considered strategy and rollout, …
June 24, 2020
Hospitality industry demands border info
With no confirmed date for the full reopening of the borders and no stated protocols in place for tourist arrivals in the midst of the Covid-19 crisis, the approximately 140 …
June 11, 2020
Pandemic could cause rise in fraud cases in VI
The economic fallout from the Covid-19 crisis has sent businesses across the globe reeling — and fraudulent businesses are no exception, Virgin Islands based asset recovery lawyer Martin Kenney said …
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June 7, 2020
Digicel: US bankruptcy filing won’t impact operations
A Digicel Group affiliate has filed for Chapter 15 recognition in a federal bankruptcy court in New York, but company officials described the move as an administrative proceeding that won’t …
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May 29, 2020
Caribbean islands prepare for tourism
When the doors of the Virgin Islands reopen to tourism, the territory’s leaders say, they intend to be ready. Some competing countries and territories in the region have announced plans …
May 26, 2020
How to communicate in a pandemic
Circumstances have changed dramatically for Virgin Islands businesses in recent weeks due to the coronavirus pandemic. Some may have gone from encouraging employees to work from home to shutting down …
May 26, 2020
New EU rules to combat money laundering
In response to outcry from several countries, the European Commission published a new anti-money-laundering action plan this month and added 12 more countries to its AML blacklist. The addition of …
May 22, 2020
Government crypto partner declares closure, then quickly retracts
LIFELabs, a United Kingdom-based cryptocurrency company that partnered with the Virgin Islands government last year with plans to develop a digital currency known as BVI~LIFE, said last week that it …
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May 21, 2020
Caribbean e-commerce gets a boost from Covid
The coronavirus lockdowns have highlighted the Caribbean’s struggles to implement e-commerce solutions, but they have also presented an opportunity for innovation, according to a Zoom panel made up of owners …
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May 18, 2020
In trying times, restaurants rally
The restaurant industry, which has been hit hard during the coronavirus pandemic, is struggling back to life as the economy reopens. But even as takeout and delivery becomes ubiquitous throughout …
May 12, 2020
Many charter boats calling it a season
With the borders still closed due to the Covid-19 pandemic, what remains of the Virgin Islands’ yachting season is looking like a wash for some charter companies and crew who …
May 6, 2020
Branson offers Necker as collateral
Sir Richard Branson wants a $500 million bailout for Virgin Atlantic from the United Kingdom government, and after the request drew criticism he offered up Necker Island as collateral. “Over …
