"The light that comes from wisdom never goes out"
More than four years after breaking ground, the government opened the Huntums Ghut Entrepreneurial Zone Feb. 27 and invited businesses to apply for a space there. The project includes a …
Continue reading “Business zone finally opens in Huntums Ghut”
After receiving a high score from an influential global finance agency last week, the Virgin Islands will be seen as a “savvy investment,” according to Premier Natalio “Sowande” Wheatley. Standard …
Continue reading “S&P rating will bring investors, says premier”
Amid a recruitment drive designed to attract new workers, the BVI Electricity Corporation has promised to “raise its game” after facing challenges in recent months. The BVIEC’s billing system was …
Continue reading “Launching career expo, BVIEC promises to do better”
Urgent legislation has been triggered after it emerged that up to 30 percent of companies registered in the Virgin Islands were on track to miss a deadline for submitting financial …
Continue reading “Firms’ failure to file financials sparked urgent bill”
Recent downsizing at one of the territory’s largest financial services firms shows that the sector needs to be adaptable and diverse, then-deputy premier Lorna Smith said Friday. Trident Trust has …
Continue reading “Trident downsizing hold ‘lessons,’ Smith says”
New moves to combat financial crime have been hailed by Premier Dr. Natalio “Sowande” Wheatley as key to enhancing international confidence in the Virgin Islands. His comments came as the …
Continue reading “Virgin Islands takes more action on money crime”
A one-year management course coming next month to H. Lavity Stoutt Community College is designed for supervisors who lead teams, but it is also accessible to less-experienced students pursuing further …
Work-permit processing has finally gone online after years of false starts, and the government announced last week that the new digital system must be used for all renewals from the …
With another three months of hurricane season stretching ahead, businesses in the territory have been warned to get their disaster plans up to speed. The call came as BVI Finance …
Businesses in the Virgin Islands have been warned of a rising wave of cybercrime sweeping across the Caribbean. Digicel BVI CEO Mara Samaniego urged firms in the territory to strengthen …
The Virgin Islands could face an economic hit if it does not keep pace with other overseas territories as they expand access to their company registers in the coming months, …
Continue reading “Virgin Islands urged to match other OTs on company registers”
Shopkeepers in the commercial heart of Road Town have called for urgent strategic action to help stem the heavy loss of trade caused by regular flooding. Business owners on Flemming …
Following years of customer complaints about InterCaribbean Airways, a Virgin Islands government minister has joined a chorus of regional leaders warning the carrier to shape up. In response, the airline’s …
Continue reading “After warnings from regional leaders, InterCaribbean pledges better service”
Caribbean Airlines plans to launch new routes connecting the Virgin Islands to Trinidad, Barbados, Antigua and Puerto Rico starting on Oct. 14. Using ATR 72-600 aircraft that carry about 70 …
Continue reading “New VI flights will help boost business, carrier claims”
The number of new companies incorporated in the Virgin Islands bounced back in the first quarter of 2024 after slumping to a 25-year low in the previous 12 months. The …
Continue reading “Q1 incorporations bounce back after rocky year”
The United Kingdom’s new Labour government will likely take a “less hostile approach” than its predecessors toward the Virgin Islands and other overseas territories, a senior VI official has predicted. …
Continue reading “New UK gov’t seen as ‘less hostile’ to OTs”
To boost the tourism industry, the Virgin Islands should clean its roadways, shore up its infrastructure, and revisit plans to build a casino, among other steps, according to singer and …
Continue reading “Set to retire, Quito offers words of wisdom”
The minimum wage in the Virgin Islands will soon increase to $8.50 an hour, Deputy Premier Lorna Smith announced today. The new baseline salary will come into effect on Nov. …
Talks in New York between Premier Dr. Natalio “Sowande” Wheatley and the British deputy ambassador to the United Nations have been hailed as “constructive.” The premier met James Kariuki during …
Organic food. Fashion accessories. Books. Cosmetics. Marine technologies. Solar equipment. All were among the many products and services on display at the Buy BVI Trade Expo May 17-18 at the …
The Virgin Islands must make “substantial progress” in the coming months to combat money laundering and terrorism financing in order to reinforce its status as a credible financial hub, Deputy …
Continue reading “VI must move quickly on financial reforms, minister says”
Demands have been made for the National Bank of the Virgin Islands to do more for customers. Opposition Leader Ronnie Skelton recently raised the issue in the House of Assembly, …
Low-paid workers in the Virgin Islands came a step closer to a possible minimum wage increase as a special report on the matter was submitted to the government for consideration. …
Continue reading “Minimum wage report submitted to government”
Republic Bank customers have expressed outrage at the way money was suddenly taken out of their accounts recently, and Deputy Premier Lorna Smith told the Beacon yesterday that she is …
Continue reading “Fury at Republic Bank sparks watchdog probe”
A straightforward revamp of Virgin Islands business law would help combat financial crime and boost the territory’s reputation while potentially putting tens of millions of dollars in the government’s coffers, …
