The London-based Judicial Committee of the Privy Council ruled last October that the Customs Department was wrong in seizing some 240,000 gallons of fuel from Delta Petroleum in September 2012, …
April 26, 2017
April 26, 2017
Still no timeline for pier project audit
About three months after Premier Dr. Orlando Smith announced that the firm KPMG would audit the cruise pier project, Financial Secretary Neil Smith said in an April 2016 interview that …
April 26, 2017
Cayman law stalled as regulatory review looms
At the last legislative sitting before the May 24 elections, the Cayman Islands government abandoned efforts to pass its proposed Legal Practitioners Bill, which the territory’s financial services industry believes …
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April 19, 2017
Q4 caps off a dismal 2016 for financial services
Statistics released last month by the Financial Services Commission show that 2016 was the financial services industry’s slowest year for new company incorporations since at least 2003, when the FSC …
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April 19, 2017
ICIJ wins Pulitzer for Panama Papers coverage
The Washington DC-based International Consortium of Investigative Journalists, along with the Miami Herald and the DC-based McClatchy Newspapers, have won this year’s Pulitzer Prize in explanatory journalism, the Pulitzer Prize …
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April 19, 2017
Business Briefs (April 20, 2017)
Airline agreement InterCaribbean Airways announced last week that it has launched an interline agreement with Cubana de Aviación, Cuba’s national airline.
April 12, 2017
Lambert makeover still under way
After a work stoppage that lasted a little more than two months, renovations at Lambert Beach Resort resumed last month and the resort is expected to reopen by Nov. 1, …
April 12, 2017
American Airlines to drop NY-PR flights
American Airlines will discontinue direct flights between New York City and Puerto Rico effective Aug. 22, the company announced this month.
April 4, 2017
‘Trade Entrepreneurial Week’ in full swing
The Department of Trade, Investment Promotion and Consumer Affairs kicked off its first ever “Trade Entrepreneurial Week” on Monday with a press conference featuring DTIPCA Director Karia Christopher and Junior …
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April 4, 2017
Funding the future
The young siblings and business partners Mychael and Lia Claxton, who started the company Pizzy’s Pizza, wanted a unique recipe to present to judges at last Thursday’s Kidpreneur Expo, so …
April 4, 2017
LIAT flights cancelled, delayed over ‘unrest’
LIAT announced on Sunday that it’s experiencing delays and cancellations with flights across the region, but a company representative said Monday that flights through the Virgin Islands won’t be affected.
August 17, 2016
Gov’t backtracks on alcohol duty hike
Less than three months after implementing a major tax hike on alcohol and tobacco, government has revoked the levy, according to an order filed by acting Premier Dr. Kedrick Pickering …
August 17, 2016
Cuba’s new five-year plan echoes 2011’s
Cuba on Tuesday released a 274-point economic and social plan that will serve as a policy guideline for the country’s next five years.
August 17, 2016
TRC allocates spectrum for internet upgrade
After a nearly yearlong delay, the Telecommunications Regulatory Commission has completed its spectrum allocation process, which will allow the territory’s telecom companies to upgrade their wireless internet services.
August 10, 2016
Final pier park building still stalled
Other than a vague statement from Premier Dr. Orlando Smith that the project is under “review,” officials aren’t speaking about the status of the roughly 11,000 square feet of mostly …
August 10, 2016
Sale of Anguilla golf course ruled aboveboard
Receivers for the formerly bankrupt Anguilla golf course and resort Temenos did not act in bad faith when they sold the property to the Anguilla Development Corporation five years ago, …
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August 10, 2016
Business Briefs (August 11, 2016)
Newsletter BVI Finance announced last month that it has published its first quarterly edition of Business Insight, a newsletter designed to provide readers with original articles and stories about the …
July 13, 2016
Sky-high in the VI
Have you ever been suspended more than 100 feet in the air, attached to a giant parachute while a boat pulls you around the Virgin Islands?
July 13, 2016
Report: SSB’s finances shone in 2014
The Social Security Board had a healthy financial year in 2014, running a surplus and increasing the value of its portfolio, according to its annual report for that year.
July 13, 2016
Caricom mulls economic threats, prospects
The Caribbean Community held its 37thRegular Meeting of the Conference of Heads of Government last week in Guyana, with officials there discussing threats to the region’s economic development and how …
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April 27, 2016
Crafts alive, but struggling
When Communications and Works Minister Mark Vanterpool provided a spreadsheet last week to the House of Assembly detailing the rent Crafts Alive Village vendors paid in early 2016, Opposition Leader …
April 27, 2016
Business Briefs (April 28, 2016)
Prepare for takeoff InterCaribbean Airways has announced that it will start offering flights between Puerto Rico and the Virgin Islands on June 1.
April 27, 2016
Conference touches on all things trust
ST. LUCIA — Client confidentiality, changing reporting standards, and new developments in trust and estate planning were among the topics of discussion this week at the 2016 Society of Trust …
April 20, 2016
Trade Expo draws 58 businesses
Organisers of the annual CCT Buy BVI Trade Expo took this year’s event to the next level — literally and figuratively.
April 20, 2016
Guyana launches $30.9m coastal protection project
The Caribbean Development Bank and the government of Guyana have launched a $30.9 million “sea and river defence project” that is designed to improve the country’s irrigation and drainage infrastructure.