The Court of Appeal has dismissed an appeal by Myett’s Enterprises Limited against a dozen former employees who lost their jobs after Hurricane Irma severely damaged the hotel and restaurant …
Global tax deal hits hurdles
A deal for a global minimum tax rate that could impact the Virgin Islands’ financial services industry is facing roadblocks in the United States and Europe, according to news reports. …
Incorporations climb in Q1
Incorporations could be on track to top last year if first-quarter trends continue, according to the latest quarterly report from the Financial Services Commission. In 2021, new incorporations in the …
VI-registered crypto fund collapses
Three Arrows Capital — a Virgin Islands-registered, Singapore-based cryptocurrency hedge fund once worth more than $3 billion in assets — rocked the crypto world on Friday by filing for Chapter …
Premier defends biz licensing law
After business stakeholders raised concerns about several aspects of the Business Licensing Act passed two weeks ago in the House of Assembly, Premier Dr. Natalio “Sowande” Wheatley defended the bill …
Online tax system to launch next year
More than three years after the deputy head of the Inland Revenue Department called the agency’s computer system “outdated” and “unstable,” government is scheduled to introduce a new online tax …
HOA passes trade licence bill
A bill aimed at making the Virgin Islands business climate more competitive by updating and streamlining the licensing process passed with amendments in the House of Assembly last Thursday as …
Chamber expo promotes VI businesses
The sun blazed and tourism season was winding down, but the co-owners of Golden Journey Concierge Service were full of enthusiasm as they talked to potential customers at the Buy …
VI court issues world-first freeze in crypto case
A Virgin Islands-incorporated company recently convinced the Commercial Court to back a novel approach in trying to track down people involved in an alleged theft of digital currency and seek …
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SOL to replace Delta as BVIEC supplier
SOL will step in to provide No. 2 Diesel fuel and other services to the BVI Electricity Corporation through 2024, after the utility’s original contract with Delta Petroleum was terminated …
US hopes to seize VI-linked jets
A federal court in New York has authorised the United States government to seize two private jets collectively worth $410 million that are allegedly owned by a Russian oligarch and …
Fraser pushes for loan forgiveness
Despite government offering a variety of initiatives to help borrowers struggling financially due to the impacts of the Covid-19 pandemic, Premier Dr. Natalio “Sowande” Wheatley told the House of Assembly …
Pier park grants $1.6m in rent concessions
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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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 …
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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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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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 …
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 …
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 …
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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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, …
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 …
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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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. …
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 …