"The light that comes from wisdom never goes out"
A new report from the European Union Tax Observatory suggests that European banks are reaping about 14 percent of their total profits — about 20 billion euros a year — …
Continue reading “Report: EU banks reap billions from VI, others”
Autland Heavy Equipment, a Virgin Islands firm, has been awarded its seventh contract from the Recovery and Development Agency by beating out eight other local bidders to win a $1,799,499.68 …
On Monday in the House of Assembly, opposition member Julian Fraser took aim at the recent Ministry of Natural Resources, Labour and Immigration policy of requiring holders of work permits …
Robert Mathavious, a pioneering leader in the Virgin Islands financial services industry who retired at the end of last year, will get a weeklong tribute in November during a conference …
In an emergency virtual meeting on July 29, the House of Assembly voted to retroactively exempt Deputy Speaker Neville Smith from vacating his seat after his company Caribbean Security Limited …
If a company that began in the Virgin Islands is successful, the Caribbean may soon have pizza, paper towels or a ride to the store at its fingertips through a …
Continue reading “OneMart affiliate to launch app in Jamaica”
A new electronic work permit system has arrived just as the Covid-19 pandemic has led to more and more business being conducted remotely. Premier Andrew Fahie, during a virtual rollout …
Seeing the United States, including the neighbouring US Virgin Islands, experience a labour shortage as pandemic restrictions ease, businesses owners who spoke during a BVI Chamber of Commerce and Hotel …
In the 10 months after the One Year Barbados visa for remote work launched, it processed some 2,500 applications, earned $6 million for government coffers, and raked in at least …
Continue reading “‘Digital nomads’ bring millions to region through remote work”
Six bills designed in large part to deter financial crime took effect recently after receiving assent from Governor John Rankin. The Proliferations Financing (Prohibition) Act, 2021, passed in the House …
Governor John Rankin assented to 13 bills last month, bringing into effect legislation that deals with issues ranging from gun violations to birth and death certificates. The Explosives (Amendment) Act, …
To help the territory stay abreast of changing international standards, the House of Assembly passed a trio of bills last week aimed at countering money laundering, terrorism and proliferation financing. …
After Premier Andrew Fahie abruptly postponed to next year most of the controversial port fee hikes that put the business community in an uproar earlier this year, the BVI Ports …
A Virgin Islands court has unfrozen shares in two hotels belonging to Pakistan’s national airline in the latest development in Reko Diq, one of the highest-dollar cases ever mediated through …
Continue reading “VI court reverses asset freeze in $6b case”
Talk show host and former BVI Tourist Board events coordinator Cindy Rosan-Jones is the target of a defamation lawsuit from Vance Lewis, CEO of Cyril B. Romney Tortola Pier Park, …
Finance ministers from Group of Seven countries met in London on Saturday and agreed to back United States President Joe Biden’s proposal for a minimum global corporate tax rate of …
One Mart has seen a busy year despite an overall struggling economy in the territory and further abroad. Following a recent reverse merger that took the business public in the …
Finance ministers from Group of Seven nations will meet tomorrow in London, where they are expected to back United States President Joe Biden’s proposal for a minimum global corporate tax …
With just 22,362 new companies formed, 2020 hit a 21-year low for new incorporations, despite a fourth quarter that performed slightly better than the year before, according to numbers recently …
Continue reading “New incorporations hit 21-year low in 2020”
Last week Premier Andrew Fahie took responsibility for the implementation and quick reversal of a wharfage fee hike on petroleum products that would have raised electricity bills in the territory. …
With only a modest dip in revenue so far this year compared to early 2020, the financial services industry has continued to buoy the territory’s economy while other sectors have …
Continue reading “Premier: Financial services helping VI through Covid”
The BVI Ports Authority has enhanced its patrolling capabilities with the acquisition of a new speedboat, Premier Andrew Fahie announced in a House of Assembly sitting last Thursday, during which …
Community centres in the Virgin Islands serve as gathering spaces in good times and as vital shelters during storms, but many of them have sat in ruins since taking severe …
The Caribbean Financial Action Task Force’s long-delayed onsite visit to the the Virgin Islands is scheduled for July 2022, and Financial Services Commission officials said a flurry of activity is …
Continue reading “FATF review set to get under way in July 2022”
Employers must be “transparent, fair and reasonable” when making workers redundant, Natural Resources, Labour and Immigration Minister Vincent Wheatley told the House of Assembly last Thursday in a statement he …
Continue reading “Minister warns about ‘unfair’ redundancies”
