Finance and Business
BVIPA explores incoporating solar energy into operations
PORT PURCELL, Tortola, VI- The British Virgin Islands Ports Authority (BVIPA) is reporting that discussions have begun to incorporate solar energy into its operations, as part of a strategic effort towards modern, resilient, and environmentally responsible port development.
Tomorrow’s Leaders Internship Programme begins
ROAD TOWN, Tortola, VI- The BVI Finance Tomorrow’s Leaders Internship Programme began on Friday, May 1, 2026, with an orientation session.
USVI left w/o key lowcost carrier as Spirit Airlines closes
VI CONSORTIUM
CHARLOTTE AMALIE, St. Thomas, USVI- Spirit Airlines is shutting down. On Saturday morning, the airline announced that it was winding down all operations effective immediately, cancelling all flights and ending customer service after failing to secure a $500 million emergency government bailout by the May 1 deadline. For the U.S. Virgin Islands, the collapse means the sudden loss of a well-known low-cost carrier that had maintained service to St. Thomas and St. Croix, raising immediate questi
BVIPA announces temporary reduction in port-related fees
PORT PURCELL, Tortola, VI- The British Virgin Islands Ports Authority (BVIPA) has announced a temporary reduction in port-related fees as part of its 35th Anniversary initiatives.
VI to sign bilateral agreement with Dominican Republic in June- E. Benito Wheatley
SANTIAGO, Chile - A bilateral agreement aimed at strengthening cooperation in trade, regional transportation, health, and culture between the Virgin Islands (VI) and the Dominican Republic (DR) will be signed in June 2026.
SVG gov't encouraging its citizens living in VI to return home
TRELLIS BAY, Beef Island, VI—The Minister of Agriculture, Forestry, and Rural Transformation in St Vincent and the Grenadines, Hon Israel R. Bruce, is leading a mission in the Virgin Islands aimed at rallying Vincentians living and working here to return home, capitalise on investment opportunities, and establish a stronger economic connection between the two countries.
VI earns top 3 Regional Debt Management Award
LONDON, England, UK- The Virgin Islands (VI) was named among the top three recipients in the Regional Debt Management Office Award for the Caribbean at the inaugural Commonwealth Public Debt Management Awards in London on March 26, 2026.
USVI: New $12 minimum wage takes effect
VI CONSORTIUM
CHARLOTTE AMALIE, St. Thomas, USVI- Friday, April 26, 2026, marked “Day 0” of the implementation of the new minimum wage rate of $12.00 an hour across the US Virgin Islands.
Civil Registry & Passport Office announces increase in UK passport fees
ROAD TOWN, Tortola, VI – Virgin Islanders will face increased fees for obtaining United Kingdom passports following the announcement of revised fees, effective April 8, 2026.
More than 300 USVI-based vessels gone or set to leave- Project Fair Waters
CHARLOTTE AMALIE, St Thomas, USVI- Project Fair Waters is calling for a coordinated US-UK framework for the regional charter market after the Office of the United States Trade Representative identified the Virgin Islands’ (VI) vessel licensing fee structure as a foreign trade barrier to the US Virgin Islands (USVI).
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