The House of Assembly suspended its usual rules on Monday to introduce and pass two financial services bills designed to avoid international sanction by bringing the territory in line with …
September 19, 2024
September 19, 2024
House tackling last COI reform
The House of Assembly began tackling its final Commission of Inquiry reform this week as legislators debated the first of five bills designed to improve the governance of five statutory …
September 4, 2024
12 bills laid days before COI deadline
Two days before the missed Saturday deadline for completing the sweeping reforms recommended by the Commission of Inquiry, the House of Assembly suspended its usual rules to introduce 12 bills. …
August 23, 2024
A $13 million mistake
In the 2024 Budget Address last November, Premier Dr. Natalio “Sowande” Wheatley announced a Cabinet decision to include about $10 million in this year’s budget to ensure that all public …
August 15, 2024
HOA okays vetting law enforcers
Certain prison, customs and immigration officers could soon be subject to new vetting requirements under a bill the House of Assembly passed recently in accordance with a Commission of Inquiry …
August 2, 2024
HOA limits Cabinet’s power over contracts
Despite dissent from five opposition members, the House of Assembly narrowly voted on Tuesday to dramatically limit Cabinet’s discretion over contract awards in keeping with recommendations from the 2022 Commission …
Continue reading “HOA limits Cabinet’s power over contracts”
March 15, 2024
HOA votes to up penalties for withholding stats
As part of efforts to help government collect information as the census continues, lawmakers have passed a bill designed to impose harsher penalties on people who withhold statistics they are …
Continue reading “HOA votes to up penalties for withholding stats”
August 23, 2023
VI mission strengthens Guyana links
Representatives from the Virgin Islands private sector joined leaders including Deputy Premier Lorna Smith, Junior Minister of Agriculture and Fisheries Dr. Karl Dawson, and BVI Finance CEO Elise Donovan in …
August 3, 2023
17-member delegation visits Guyana
Deputy Premier Lorna Smith is leading a 17-member delegation on a trade mission designed to strengthen ties between the Virgin Islands and Guyana. The mission’s “packed agenda” — which is …
May 11, 2023
New government not a ‘coalition’ in usual sense
After newly elected National Democratic Party representative Lorna Smith left the opposition and formed a government with the Virgin Islands Party, the term “coalition” was tossed around frequently. But in …
Continue reading “New government not a ‘coalition’ in usual sense”
January 25, 2019
Public registers requirement will wait until 2023
The Virgin Islands and other British overseas territories learned recently that they will not be required to implement fully functioning public registers of beneficial ownership until 2023 — a reprieve …
Continue reading “Public registers requirement will wait until 2023”
January 25, 2019
BVI Finance-commissioned report touts benefits of offshore
International finance centres like the Virgin Islands facilitated $1.6 trillion of financing to developing countries between 2007 and 2014, according to a recent report by Dr. Judith Tyson, a research …
Continue reading “BVI Finance-commissioned report touts benefits of offshore”
