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Business

May 20, 2022

Rymer touts Seatrade despite Fahie arrest

Cruise ship passengers’ enthusiasm for visiting the Virgin Islands hasn’t been dampened by the arrest of the territory’s former premier last month in Miami while he was on a trip …

Continue reading “Rymer touts Seatrade despite Fahie arrest”

by CLAIRE SHEFCHIK
May 20, 2022

VI freezes $40m-plus in Russian assets

Since Russia invaded Ukraine in February, the Virgin Islands has frozen more than $40 million in assets, according to the Governor’s Office, which serves as the competent authority for sanctions …

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by CLAIRE SHEFCHIK
May 19, 2022

BVIEC: Delta can’t honour fuel contract

Delta Petroleum has notified the BVI Electricity Corporation that it cannot continue to source and supply the fuel required under the contract it signed with the utility in October, BVIEC …

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by CLAIRE SHEFCHIK
May 19, 2022

Despite turmoil, House passes ITA bill

Even amid the turmoil caused by the forced resignation of then-Speaker of the House Julian Willock on May 3, the House of Assembly still had time to pass a financial …

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by CLAIRE SHEFCHIK
May 6, 2022

Financial services copes with Fahie fallout

The Virgin Islands financial services industry rushed to distance itself from the Miami arrests last Thursday of Premier Andrew Fahie and BVI Ports Authority Managing Director Oleanvine Maynard — as …

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by CLAIRE SHEFCHIK
April 28, 2022

Girls learn about ‘STEAM’ fields

On Friday, Virgin Islands students helped clean up the oceans — virtually. Onscreen, an entity powered by artificial intelligence combed through an ocean of colourful fish and other objects. However, …

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by CLAIRE SHEFCHIK
April 28, 2022

Bank pushes procurement progress

As the latest step in the Caribbean Development Bank’s efforts to help Caribbean governments get better value for money, the bank has launched a new phase of its public procurement …

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by CLAIRE SHEFCHIK
April 28, 2022

Marinas get work as Investment Club marks 30

In 1992, 26 ambitious Virgin Islanders and belongers each dug into their pockets and took out $1,000. Facing a fragile Virgin Islands economy and limited opportunities for investment, they decided …

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by CLAIRE SHEFCHIK
April 28, 2022

Sue over blacklist, says economist

Caribbean countries that live in fear of being blacklisted by the European Union should band together and take legal action, according to Barbados-based economist and Caribbean policy expert Marla Dukharan. …

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by CLAIRE SHEFCHIK
April 19, 2022

27 finish skills training

Twenty-seven residents received certificates on April 5 after completing eight modules of the Employability Skills Training Programme. Dr. June Soomer, chair of the University of the West Indies Open Campus …

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by CLAIRE SHEFCHIK
April 19, 2022

Incorporations see best year since 2018

In 2021, new incorporations in the Virgin Islands saw their best year since 2018, recovering somewhat from a disappointing downward trend for the territory’s core financial product, according to fourth …

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by CLAIRE SHEFCHIK
April 15, 2022

Sandbox aims to educate

An early participant in the Financial Services Commission’s regulatory sandbox regime for financial technology recently spoke out about her experiences operating in a small but growing industry in the Virgin …

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by CLAIRE SHEFCHIK
April 15, 2022

$11m in ESHS contracts awarded

Government awarded four firms a total of $11 million in contracts on Friday to begin the long-delayed revamp of Elmore Stoutt High School, which is expected to reunite the entire …

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by CLAIRE SHEFCHIK
April 1, 2022

Labour claims progress on backlog

A new labour task force is on track to meet the promised one-month deadline to clear out the hundreds of backlogged work permit applications that are slowing the territory’s economic …

Continue reading “Labour claims progress on backlog”

by CLAIRE SHEFCHIK
March 28, 2022

Task force to tackle permit backlog

After Premier Andrew Fahie promised on March 11 that the backlog of nearly 2,000 work permit renewal applications would be cleared within a month, Natural Resources, Labour and Immigration Minister …

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by CLAIRE SHEFCHIK
March 28, 2022

Week focuses on financial literacy

Money Matters BVI is currently celebrating Global Money Week 2022, an international observance focused on developing financial literacy skills in children and young adults. Here in the Virgin Islands, activities …

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by CLAIRE SHEFCHIK
March 21, 2022

One Mart continues expansion

One Mart owner Mark Vanterpool thinks Virgin Islands residents should have more local places to shop. And by that, he means they shouldn’t have to go more than a few …

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by CLAIRE SHEFCHIK
March 21, 2022

Work starts on public company register

A year and a half after Premier Andrew Fahie promised to work with the United Kingdom toward establishing a public register of beneficial ownership by 2023, he has announced that …

Continue reading “Work starts on public company register”

by CLAIRE SHEFCHIK
March 17, 2022

Territory added to EU ‘grey list’

The Virgin Islands has been added to the European Union’s “grey list” along with nine other jurisdictions in the Caribbean and elsewhere, the EU Council announced after its meeting on …

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by CLAIRE SHEFCHIK
March 17, 2022

VI on board with ‘dizzying’ Russia sanctions

As Virgin Islands firms scramble to implement sanctions against Russian financial institutions and individuals in the wake of the Ukraine invasion, BVI Finance CEO Elise Donovan is clapping back at …

Continue reading “VI on board with ‘dizzying’ Russia sanctions”

by CLAIRE SHEFCHIK
March 10, 2022

BVITB request for more funds rebuffed

The head of the BVI Tourist Board told legislators last year that the agency needed $15 million to do its job in 2022, when tourism is expected to recover by …

Continue reading “BVITB request for more funds rebuffed”

by CLAIRE SHEFCHIK
March 9, 2022

FSC recognises digital exchange

The Financial Services Commission has announced that an Asian exchange focusing on digital securities has been admitted to the territory’s list of recognised exchanges. It’s the latest move in an …

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by CLAIRE SHEFCHIK
February 28, 2022

A day charter boat with history

As the Anne Bonny drifts past the cruise pier, an ethereal female voice pours out of the speakers: “Villainous, infamous, Anne Bonny…”. Next to the massive, gleaming cruise ships moored …

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by CLAIRE SHEFCHIK
February 28, 2022

Report: Virgin Islands to be grey listed

Government is monitoring reports that the Virgin Islands will be added to the European Union’s grey list of “non-cooperative tax jurisdictions” along with Bermuda, Israel, Russia and others, Premier Andrew …

Continue reading “Report: Virgin Islands to be grey listed”

by CLAIRE SHEFCHIK
February 21, 2022

Online work permit system on hold

The online work permit system at the Department of Labour and Workforce Development has gone offline indefinitely, according to a government bulletin released on Monday. The announcement came amid an …

Continue reading “Online work permit system on hold”

by CLAIRE SHEFCHIK

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