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article under the tag
economy

May 12, 2025

UK review could tip VI onto ‘grey list,’ expert says

Britain’s recent inquiry into the Virgin Islands’ law-enforcement agencies could tip the scales when global financial watchdogs consider whether to sanction the territory next month, according to a leading expert. …

Continue reading “UK review could tip VI onto ‘grey list,’ expert says”

by Shaun Connolly
May 8, 2025

UK pol attacks VI ‘mockery’ of money-crime fight

Premier Natalio “Sowande” Wheatley has fired back after an influential British politician accused the Virgin Islands of making a “mockery” of combatting financial crime by launching a cartoon bird logo …

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by Shaun Connolly
May 8, 2025

Government completes COI self-assessment

The Cabinet has received the Commission of Inquiry self-assessment report it hopes will persuade London to lift the threat of direct rule, according to Premier Natalio “Sowande” Wheatley. The government …

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by Shaun Connolly
May 2, 2025

New strategy to guide money-crime fight

More reforms to combat money crime are on the way as the Virgin Islands works to avoid censure from international financial watchdogs. With a crunch meeting of the Paris-based Financial …

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by Shaun Connolly
May 1, 2025

US drops plan to tax Caribbean’s China-built ships

Dramatic price hikes for Virgin Islands residents may have been averted after the United States abandoned plans to tax Caribbean transporters who use China-built ships in its ports, Premier Natalio …

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by Shaun Connolly
May 1, 2025

Public tourism meetings cut short

The Ministry of Tourism, Culture and Sustainable Development has cancelled the six remaining public meetings on a planned national tourism policy, replacing them with “target focus group sessions” that have …

Continue reading “Public tourism meetings cut short”

by Allison Vaughn
April 24, 2025

In first, VI to host lineworker ‘rodeo’

Workers from 33 utilities across the Caribbean will showcase their skills and commitment to safety over the weekend as the Virgin Islands hosts the Caribbean Electric Utility Services Corporation’s annual …

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by The BVI Beacon
April 24, 2025

Minimum wage to go up after delay

The lowest paid workers in the Virgin Islands will belatedly get a wage boost after a high-profile salary increase was snatched from them shortly before Christmas. But instead of the …

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by Shaun Connolly
April 22, 2025

VI kicks off Puerto Rico push

A Virgin Islands delegation took the territory’s famous full moon parties abroad on April 12 by hosting an event at Vivo Beach Club in Carolina, Puerto Rico. Organised by the …

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by The BVI Beacon
April 10, 2025

Premier warns about food, energy costs

There is a “real threat” that food and electricity bills in the Virgin Islands will spike because of the tariff war unleashed by United States President Donald Trump, Premier Natalio …

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by Shaun Connolly
April 3, 2025

Shipper warns about Trump moves

The many Virgin Islands businesses that use Tropical Shipping could be hit hard by United States President Donald Trump’s tariffs and other policies, the company has warned. In testimony before …

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by Shaun Connolly
March 20, 2025

Despite criticism, Kartel show draws a crowd

Beneath a bright moon, an ocean of cell phone cameras pointed upwards as Jamaican dancehall artist Vybez Kartel took the stage just minutes after midnight. The crowd erupted, and photographers …

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by Rushton Skinner
March 18, 2025

Opportunity seen in Trump turmoil

United States President Donald Trump’s erratic handling of the US economy has drawn concern here and abroad, but some business leaders believe it could mean opportunity for the Virgin Islands’ …

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by Shaun Connolly
March 17, 2025

New policy to guide district projects

A new “Civil Mitigation Policy” will help ensure fairness and accountability in district-level infrastructure projects like road repairs, ghut clearing, drainage works, retaining walls and utility expansions, according to Communications …

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by The BVI Beacon
March 14, 2025

Yacht fee hikes delayed after talks

A controversial plan to raise fees on foreign-based charter boats that operate in the Virgin Islands has been delayed after “intense” talks between Premier Natalio “Sowande” Wheatley and United States …

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by Shaun Connolly
March 13, 2025

Farming, fishing month kicks off

Saturday morning was bright and mostly sunny in Paraquita Bay, but farmer Laura Dore said the weather has not been terribly cooperative for agriculture in recent weeks. “The weather is …

Continue reading “Farming, fishing month kicks off”

by Rushton Skinner
March 7, 2025

Big plans for education

On Tuesday morning at the New Testament Church of God in Baughers Bay, seventh grader De’Nya Winter showed off a mechanical claw she made from a LEGO robotics line called …

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by Rushton Skinner
March 7, 2025

Money-crime reforms to expand cops’ powers

Police surveillance powers are set to expand under one of three bills the House of Assembly passed Friday as part of ongoing efforts to comply with international anti-money-crime standards. The …

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by Shaun Connolly
March 7, 2025

Premier accuses USVI of bullying

Ahead of talks with the United States Virgin Islands governor here tomorrow, Premier Natalio “Sowande” Wheatley said his government will not be “bullied” by its neighbour in a public spat …

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by Shaun Connolly
February 27, 2025

Planned yachting reforms draw fire

Boating businesses here and abroad are crying foul over government plans to overhaul the rules for the marine industry in Virgin Islands waters. Three bills introduced recently in the House …

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by Allison Vaughn
February 14, 2025

Premier hits back at UK critics

Premier Natalio “Sowande” Wheatley has hit back against claims that he says unfairly portray the Virgin Islands as a “rogue state” when it comes to fighting financial crime. Mr. Wheatley …

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by Shaun Connolly
February 13, 2025

UN mission weighs in on independence

When a three-member United Nations mission visited the Virgin Islands for the first time nearly 50 years ago, it found that a major obstacle in the territory’s path toward independence …

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by Jason Smith
February 7, 2025

As UK MPs push for fully public register, FSC boss warns against it

British parliamentarians are urging Premier Natalio “Sowande” Wheatley to allow unrestricted public access to the company-ownership register set to launch by June, but the territory’s top financial regulator warned this …

Continue reading “As UK MPs push for fully public register, FSC boss warns against it”

by Shaun Connolly
January 31, 2025

Two bids in for West End ferry terminal

Following a bumpy tender process that lasted nearly two years, the Recovery and Development Agency received two bids this month for the contract to construct the long-delayed new ferry terminal …

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by BVI Beacon
January 30, 2025

After Atlantic crossing, Iona stops in VI

The Virgin Islands welcomed P&O cruise ship Iona last Thursday and Friday for the first time during her first Caribbean stop after crossing the Atlantic Ocean from the United Kingdom. …

Continue reading “After Atlantic crossing, Iona stops in VI”

by Allison Vaughn

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