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Business

September 22, 2023

Trade Commission still not operational

Although a board was appointed in May to oversee the new Trade Commission, the statutory body has not started functioning due to longstanding delays caused by a shortage of human …

Continue reading “Trade Commission still not operational”

by ZARRIN TASNIM AHMED
September 22, 2023

Huntums Ghut centre promised soon

After years of delays, the government’s Economic Zone project in Huntums Ghut is nearing completion, according to Communications and Works Minister Kye Rymer. “As of September 2023, the project is …

Continue reading “Huntums Ghut centre promised soon”

by ZARRIN TASNIM AHMED
September 18, 2023

Banks had 530 bad loans in Q1

There were 530 non-performing loans across seven banks that operate in the territory as of the first quarter of the year, according to Deputy Premier Lorna Smith. She provided the …

Continue reading “Banks had 530 bad loans in Q1”

by ZARRIN TASNIM AHMED
September 18, 2023

Virgin Islands hosting talks on illicit finance

As the United Kingdom and her overseas territories prepare for the annual Joint Ministerial Council in November in London, they sent representatives to the Virgin Islands last week for a …

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by The BVI Beacon
September 12, 2023

Financial Services Commission claims its website was cloned

The Financial Services Commission’s website has been cloned at a similar internet address, and the agency said it is working to decommission the fake. The purpose of the fraudulent site …

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by The BVI Beacon
September 12, 2023

College partners with marine industry

Outboard engines, water systems and air-conditioning have been among the topics covered as part of an ongoing Tech Workshop Series offered by H. Lavity Stoutt Community College in partnership with …

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by The BVI Beacon
September 5, 2023

Chamber of Commerce rebrands

During an hour-long ceremony last week, the former BVI Chamber of Commerce and Hotel Association formally announced its rebranding. It is now simply the BVI Chamber of Commerce after officially …

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by ZARRIN TASNIM AHMED
September 4, 2023

Customer service centre relocates

The government’s Customer Service Care Centre has fully relocated to the first floor of the Burhym Building on De Castro Street in Road Town, according to the Deputy Governor’s Office. …

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by The BVI Beacon
August 30, 2023

Virgin Islands repped at travel show in Vegas

A delegation from the Virgin Islands met with travel advisors, tour operators, and media representatives during a recent event in Las Vegas, Nevada. The group — which included personnel from …

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by The BVI Beacon
August 30, 2023

Government in talks on global tax

Even though the government doesn’t expect the planned Global Minimum Tax to adversely affect the Virgin Islands’ financial services sector, discussions are ongoing with the industry in order to ensure …

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by ZARRIN TASNIM AHMED
August 23, 2023

VI mission strengthens Guyana links

Representatives from the Virgin Islands private sector joined leaders including Deputy Premier Lorna Smith, Junior Minister of Agriculture and Fisheries Dr. Karl Dawson, and BVI Finance CEO Elise Donovan in …

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by Dana Kampa
August 21, 2023

Virgin Islands mission strengthens Guyana links

Representatives from the Virgin Islands private sector joined leaders including Deputy Premier Lorna Smith, Junior Minister of Agriculture and Fisheries Dr. Karl Dawson, and BVI Finance CEO Elise Donovan in …

Continue reading “Virgin Islands mission strengthens Guyana links”

by Dana Kampa
August 20, 2023

RDA re-tendering West End ferry terminal

The Recovery and Development Agency is re-tendering the West End ferry terminal project after disqualifying all nine firms that attempted to prequalify in a previous tender process launched in May. …

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by ZARRIN TASNIM AHMED
August 3, 2023

Airport closures blamed on ‘growing pains’

Increased air traffic has strained staffing at the territory’s airports in recent months and led to unexpected closures, Communications and Works Minister Kye Rymer said last Thursday during a joint …

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by ZARRIN TASNIM AHMED
August 3, 2023

17-member delegation visits Guyana

Deputy Premier Lorna Smith is leading a 17-member delegation on a trade mission designed to strengthen ties between the Virgin Islands and Guyana. The mission’s “packed agenda” — which is …

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by ZARRIN TASNIM AHMED
July 30, 2023

Holiday show to feature local gifts

Holiday shopping will start early this year at a new event highlighting products made in the Virgin Islands. On Saturday, the Forge BVI centre in Pockwood Pond hosted a mixer …

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by Sariah Lake
July 30, 2023

Scrub Island to go independent

Scrub Island Resort, Spa and Marina will end its 11-year affiliation with Marriott International’s Autograph Collection on Tuesday, resort officials announced last week while citing a need for more “flexibility.” …

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by ZARRIN TASNIM AHMED
July 25, 2023

WinAir launches new Virgin Islands route

The Virgin Islands welcomed the inaugural WinAir ATR 42 flight on Saturday, launching a new service connecting Beef Island with Antigua. “This development is also expected to contribute to the …

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by ZARRIN TASNIM AHMED
July 25, 2023

Businesses asked to take survey

Last week government issued a “Business Conditions Survey” designed to “capture changes in the business conditions and assess the current state of the economy.” The survey consists of 11 multiple-choice …

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by ZARRIN TASNIM AHMED
July 11, 2023

Government aims for pre-Irma tourism numbers

Preliminary data shows growth in visitor arrivals in the first quarter of this year, and the trend is expected to accelerate with the help of the daily direct flights between …

Continue reading “Government aims for pre-Irma tourism numbers”

by ZARRIN TASNIM AHMED
July 10, 2023

Smith plans trade mission to Guyana

To foster market diversification and expand international business, Virgin Islands leaders will conduct a trade mission to Guyana this month, according to Deputy Premier Lorna Smith. “Guyana has emerged as …

Continue reading “Smith plans trade mission to Guyana”

by ZARRIN TASNIM AHMED
July 3, 2023

Incorporations drop again in Q1

Last year, company incorporations fell about 22 percent year-on-year, putting the brakes on a modest 2021 recovery from successive 20-year lows in 2019 and 2020. This year may be shaping …

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by ZARRIN TASNIM AHMED
July 3, 2023

Work permit renewal system tweaked

As part of ongoing efforts to streamline the work permit renewal process, Deputy Premier Lorna Smith announced on Monday that employers and human resource managers can now collect renewals on …

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by ZARRIN TASNIM AHMED
June 27, 2023

Incorporations down 22% in 2022

In 2022, incorporations fell about 22 percent year-on-year, putting the brakes on 2021’s modest recovery from successive 20-year lows in 2019 and 2020. Incorporation numbers — which are seen as …

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by ZARRIN TASNIM AHMED
June 26, 2023

Caribbean Development Bank rethinks development financing

In the age of climate disasters, pandemic concerns and economic uncertainty, development financing mechanisms must be re-tooled, leaders said this week at the Caribbean Development Bank’s 53rd Annual Heads of …

Continue reading “Caribbean Development Bank rethinks development financing”

by ZARRIN TASNIM AHMED

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