Rocky economic times often lead to calls for government to step in and put pressure on banks to provide better customer service, make it easier to take out mortgages and …
December 16, 2022
December 16, 2022
Virgin Gorda resort offers int’l copter flights
Oil Nut Bay announced recently that it has begun offering its guests direct helicopter service to St. Thomas and San Juan after its heliport became “the first in the British …
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November 25, 2022
Public service touts ‘transformation’
Touting what they described as progress toward an “agile, lean, digital and green” public sector focused on service and innovation, ministry leaders explained their recent achievements during a “midterm review” …
November 24, 2022
BVIF-funded report touts financial industry
As part of ongoing efforts to market the territory’s financial industry, BVI Finance has commissioned a new report that touts the sector’s contributions and explores how it may adapt to …
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November 24, 2022
VI and USVI reach new deal for boats
A new agreement between this territory and the United States Virgin Islands will allow charter boats to travel more freely between the two archipelagos, according to Premier Dr. Natalio “Sowande” …
November 16, 2022
Arbitrators aim for balance amid sanctions
With more than $400 million of assets in the Virgin Islands frozen in the wake of sanctions related to the Russian invasion of Ukraine, even many unsanctioned Russians are finding …
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November 16, 2022
Investment Club marks 30
Former Bermuda Premier Sir John Swan urged the Virgin Islands to “guard against selling off its dreams in the quest for quick capital” as he addressed the 30th anniversary dinner …
November 8, 2022
Rymer promises Market Square next year
When government officials broke ground on the Market Square revitalisation in October 2020, they said the project would be completed in about nine months. That didn’t happen, but completion is …
November 7, 2022
$600k microgrid to be tendered soon
Tender documents are being developed for release to seven companies that pre-qualified to bid on the Paraquita Bay solar microgrid project announced last year, Deputy Premier Kye Rymer said last …
October 24, 2022
Bill is another step toward deposit insurance
An amendment before the House of Assembly would bring the territory one step closer to setting up a long-promised system of deposit insurance in the territory. The amendment to the …
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October 17, 2022
Why celebrities need help with finances
Celebrity finances are frequently in the news, for reasons from bankruptcy to tax trouble to messy divorces to squabbles over estates. Lawyer, businessman and author Martin Litwak, founding partner of …
October 17, 2022
Bill includes framework for deposit insurance
An amendment currently before the House of Assembly seeks to give the Financial Services Commission more tools to handle banking crises and would set a long-awaited framework to bring into …
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October 10, 2022
Incorporations fall hard in Q2
Incorporations toppled in the second quarter, suggesting that 2022 won’t reach the heights of 2021, according to the latest quarterly report from the Financial Services Commission. Q2 2022 saw just …
October 6, 2022
BVIEC to get $240k grant from EU
The BVI Electricity Corporation has been awarded €245,481 (about $241,000) from the European Union to improve its ability to keep the power on during pandemics and other “extreme and recurrent” …
October 4, 2022
Financial Services Commission approves digital asset exchange
Global digital asset service provider Huobi announced that it has secured approval from the Financial Services Commission to operate an exchange for cryptocurrencies and other virtual assets under its subsidiary …
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October 4, 2022
Tourism, tech on agenda at Inter Virgin Islands Council
The first formal meeting since 2020 between the governments of this territory and the United States Virgin Islands resulted into boost the tourism and marine industries and improve wireless technology. …
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September 28, 2022
Region warned to cut airfare taxes
Even as travel bounces back post-pandemic, Caribbean destinations risk pricing themselves out of the market if they don’t find a way to lower taxes and fees on airline tickets and …
September 20, 2022
Crypto collapse ‘a chance to take stock’
The recent collapse of Virgin Islands-registered cryptocurrency hedge fund Three Arrows Capital proved to be one of the most dramatic local impacts of the massive sell-off that has been called …
September 14, 2022
Under fire, finance industry pushes back
The Virgin Islands financial services industry generated $196 million in revenue for the territory last year, up from $189.75 million the previous year, and kept the economy largely afloat during …
September 9, 2022
Global HR society launches Virgin Islands chapter
A global human resources association now has a new presence in the territory. The Virgin Islands chapter of the Society of Human Resource Management installed its inaugural executive board during …
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September 7, 2022
Acts strengthen tax regulator
Two laws the House of Assembly passed in May will strengthen the powers of the International Tax Authority to inspect financial institutions and to interview people associated with Virgin Islands-registered …
September 7, 2022
MarineMax targets superyachts
With a new acquisition, a yacht retailer and charter company with a base in the Virgin Islands is expanding its offerings into the luxury megayacht space. The Clearwater, Florida-based MarineMax …
August 29, 2022
Lawyers explain benefits of a will
More than 90 percent of the attendees at an Aug. 19 forum about estate planning admitted they didn’t have an active will in place. But when asked at the end …
August 12, 2022
Vendors give Festival mixed reviews
Around sunset on Sunday, July 31, in the Bernard “Yampie” Nibbs Festiville, bartender Dr. Garvin Dougan was learning how to make a new cocktail. He hadn’t heard of the combination …
August 12, 2022
HOA agrees to cut remittance tax
Cabinet’s July 20 decision to reduce the remittance tax — often criticised for targeting the territory’s poorest residents — got the green light from the House of Assembly on Tuesday. …