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Business

January 20, 2021

Report gives VI biz stimulus low marks

Out of 22 Caribbean countries and territories surveyed recently by the International Labour Organisation, the Virgin Islands offered the fewest types of Covid-19 stimulus to businesses — two out of …

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by CLAIRE SHEFCHIK
January 9, 2021

Survey details major Covid impacts

Twenty percent of about 50 businesses that responded to a November survey from the BVI Chamber of Commerce and Hotel Association reported an “extremely negative impact” from the Covid-19 pandemic …

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by CLAIRE SHEFCHIK
January 9, 2021

US companies required to disclose owners

The United States Congress followed the lead of the United Kingdom, the European Union and other countries last month in taking aim at anonymous companies used to enable tax abuse, …

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by CLAIRE SHEFCHIK
December 17, 2020

UK publishes draft order for public registers

The Virgin Islands government has “significant reservations” about a draft order in council on public registers of beneficial ownership, according to Premier Andrew Fahie. The draft, which was published on …

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by CLAIRE SHEFCHIK
December 17, 2020

BVIF praises paper on public registers

BVI Finance has praised a British think tank’s new paper about public registers of beneficial ownership, a topic which has put the Virgin Islands and other overseas territories at odds …

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by CLAIRE SHEFCHIK
December 17, 2020

Events highlight changing financial industry

This year’s Financial Services Week, which wrapped up on Friday, featured the theme “Top of the List: Celebrating Longevity, Ingenuity, Substance and Transparency,” and highlighted the contributions of an industry …

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by CLAIRE SHEFCHIK
December 17, 2020

Pier Park to get valet parking, for charity

Parking may soon get easier for holiday shoppers at the Cyril B. Romney Tortola Pier Park after the launch of a valet parking service as part of a partnership with …

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by CLAIRE SHEFCHIK
December 15, 2020

SPECIAL REPORT: Incorporations still falling after 20-year lows in 2019

Shortly before the Covid- 19 pandemic began to wreak havoc on the global economy, the Virgin Islands quietly reached its own troubling economic milestone: New company incorporations, long viewed as …

Continue reading “SPECIAL REPORT: Incorporations still falling after 20-year lows in 2019”

by CLAIRE SHEFCHIK
December 4, 2020

Like CCT, FLOW suing over levy

Like CCT and BVI Cable TV, FLOW has filed a lawsuit challenging the levy that the Telecommunications Regulatory Commission recently decided to start collecting for the first time since the …

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by CLAIRE SHEFCHIK
December 4, 2020

Regional tourism stats grim

Even as Caribbean countries including the Virgin Islands cautiously reopen their borders to tourists, new statistics from the Caribbean Tourism Organisation’s November report illustrate the havoc the Covid- 19 pandemic …

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by CLAIRE SHEFCHIK
December 3, 2020

Report blames VI for 3.81% of global tax loss

A recent report by the nonprofit Tax Justice Network alleged that the Virgin Islands is responsible for 3.81 percent of global tax losses amounting to $16.3 billion, a figure that …

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by CLAIRE SHEFCHIK
November 28, 2020

Resorts to start opening Tuesday

Some of the territory’s largest resorts announced last week that they plan to open their doors either on the same day or shortly after the territory as a whole does …

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by CLAIRE SHEFCHIK
November 21, 2020

CCT sues over telecom levy

CCT and BVI Cable TV are challenging the telecommunications levy that regulators recently decided to start collecting for the first time since the Telecommunications Act took effect in 2006. In …

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by CLAIRE SHEFCHIK
November 18, 2020

Furlough period extended until February

Amid demands from the business community, Natural Resources, Labour and Immigration Minister Vincent Wheatley has announced that the workforce furlough extension passed in the House of Assembly in June will …

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by CLAIRE SHEFCHIK
November 18, 2020

Virgin Gorda airport project re-tendered

After announcing in September that two foreign contractors with local partners had bid for the rehabilitation of the existing sand-and-gravel runway at the Taddy Bay Airport in Virgin Gorda, the …

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by CLAIRE SHEFCHIK
November 16, 2020

Chamber demands another furlough extension

The workforce furlough extension passed in the House of Assembly in June expired on Saturday, and now the BVI Chamber of Commerce and Hotel Association is demanding what it called …

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by CLAIRE SHEFCHIK
November 11, 2020

Return to the rock: Saba Rock eyes spring for reopening

At the North Sound outpost Saba Rock Resort, pandemic-related uncertainty hasn’t dampened the determination of the management team to finish re- building and finally reopen more than three years after …

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by CLAIRE SHEFCHIK
November 4, 2020

VI slips in Vistra report, but still ranks high

The Virgin Islands again ranked highest in importance among offshore financial centres in this year’s Vistra 2030 report, though it declined slightly when compared to onshore jurisdictions, achieving a rating …

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by CLAIRE SHEFCHIK
November 4, 2020

LIAT returns to skies

After dodging the threat of liquidation earlier this year, the troubled Antigua-based airline LIAT returned to the skies on Sunday in its first flight since restructuring began in June. The …

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by CLAIRE SHEFCHIK
October 29, 2020

VG admin building, Tortola roads to get work

Two Virgin Islands companies received contracts for Hurricane Irma recovery projects amounting to about $2.3 million on Tortola and Virgin Gorda on Friday as the Recovery and Development Agency continued …

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by CLAIRE SHEFCHIK
October 23, 2020

D-5 to get ‘economic zone’

A piece of Huntums Ghut land originally intended to house a community centre will fulfill its original purpose and become a zone for Fifth District entrepreneurs to realise their visions …

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by CLAIRE SHEFCHIK
October 19, 2020

VI drops in financial centre ranking

The Virgin Islands fell 12 spots to a ranking of 72nd out of 111 jurisdictions included in the Global Financial Centres Index 28, the latest edition of an index released …

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by CLAIRE SHEFCHIK
October 19, 2020

BVITB funds tourism training

“Imagination is a factory that builds legends,” said newly confirmed H. Lavity Stoutt Community College President Dr. Richard Georges, quoting his favourite rapper, Jay Electronica, on Friday. “You have to …

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by CLAIRE SHEFCHIK
October 14, 2020

BVI Finance responds to FinCEN leaks

Due to the territory’s Beneficial Ownership Secure Search system, the Virgin Islands is better prepared than most other jurisdictions to respond to the types of suspicious activity reports leaked in …

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by CLAIRE SHEFCHIK
October 14, 2020

Chamber releases protocols government rejected

Rebuffed by government, a task force from the BVI Chamber of Commerce and Hotel Association released last week a comprehensive set of guidelines in an effort to help business owners …

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by CLAIRE SHEFCHIK

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