More than $1.6 million in rent concessions were granted to about 70 tenants at the Cyril B. Romney Tortola Pier Park between April 2020 and February 2021 to offset their …
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June 6, 2022
May 27, 2022
Tourism numbers continue to climb
Overnight tourist arrivals in the first two months of 2022 soared in comparison to the same period in 2021, with the 26,225 visitors representing the Virgin Islands’ slow climb to …
May 27, 2022
COI: Policy on gov’t rentals not always followed
Government leaders have not always followed 2018 guidelines for government rental property, and they have improperly excluded the Deputy Governor’s Office from the process in many instances, according to the …
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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 …
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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 …
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 …
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 …
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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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, …
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 …
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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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. …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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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 …
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 …