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Finance and Business

September 13th, 2014
Economics - never an exact science 1

By Dickson Igwe

The following narrative is part of a series of articles on issues affecting the global economy, relevant to the Virgin Islands. It uses the contemporary US economic model as analogy. It argues that economics and politics are in a symbiotic relationship. They are joined at the hip.

September 12th, 2014
‘If the report is accurate take me to Balsum Ghut!’ – Hon Julian Fraser RA

ROAD TOWN, Tortola, VI – Representative for the Third District and former Minister for Communications and Works Hon Julian Fraser RA said that if the Auditor General’s report on the Sea Cow’s Bay harbour project is accurate, he is prepared to go to jail.

September 6th, 2014
Inequality and slow economic growth 1

By Dickson Igwe

This Old Boy Journalist has been reading with interest the political discussion in the Virgin Islands media of recent days. It appears that a narrative is already being written in the lead up to the General Election of 2016. In his opinion, it is a story about economics. It is a rendition on which economic model is best for these islands sitting in the North Atlantic, in the years ahead.

September 5th, 2014
Delta Petroleum to file Contempt of Court against NDP Government

ROAD TOWN, Tortola, VI - After Delta Petroleum Regional General Manager Bevis A. Sylvester a few days ago described the Dr. Smith Administration as reckless and having no regards for law and order by disobeying a Court Order to pay oil giant Delta Petroleum (Caribbean) Ltd., the proceeds from the sale of Delta Petroleum seized products which amounts to approximately some $700,000, it’s this news site’s understanding from its sources within the Judicial branch that things have begun to heat up.

September 2nd, 2014
UPDATE: BVIEC/Delta Pet. 4-yr deal to cost approx. $150ml

ROAD TOWN, Tortola, VI – Following what was described as intense negotiations between the management of the BVI Electricity Corporation (BVIEC) and Delta Petroleum BVI, the parties inked a four-year contract which is likely to amount to some $150 million over the life of the contract accounting for approximately 13 million gallons of Diesel fuel per annum.

September 2nd, 2014
'NDP Govt. reckless for disobeying Court!' - Bevis A. Sylvester

ROAD TOWN, Tortola, VI - “I am saying that anyone, any being, any government body, any person who disobeys a Consent Order is reckless and I say it without refute because the court is the highest body when it relates to matters of the judiciary,” said Regional General Manager for Delta Petroleum Mr Bevis A. Sylvester as he blasted the Customs Department of the Government of the Virgin Islands which to-date has not honoured a Consent Order of the Supreme Court.

August 30th, 2014
Telecoms Bogeymen

By Dickson Igwe

The final stories in the series on a dysfunctional Virgin Islands telecoms industry exhort the Virgin Islands Telecoms Regulator and Political Establishment to put suffering customers first. This putting the consumer first must take precedence over entertaining the ‘questionable financial interests’ of the telecoms fat cats. And that spells introducing aggressive competition into the Virgin Islands telecoms industry, immediately.

August 25th, 2014
Locals assured of LIME contracts

ROAD TOWN, Tortola, VI – The top bracket management of Cable and Wireless and LIME BVI has given the assurance that a significant amount of dollars set aside for the expansion project will see local contractors and persons residing in the Territory benefiting.

August 24th, 2014
‘Call Centre on every island doesn’t make sense’ – C&W CEO Phil Bentley

ROAD TOWN, Tortola, VI – Many persons have often expressed their disfavor of LIME not having home based customers’ service as all customers queries are made to overseas destinations. This was something Chief Executive Officer of Cable and Wireless (C&W), parent company of LIME Mr. Phil Bentley was asked to address recently at a press conference.

August 21st, 2014
‘We know where we are with LTE’- LIME GM Sean Auguste

ROAD TOWN, Tortola, VI – The management of LIME has made it abundantly clear their position as to their readiness with LTE (Long Term Evolution) as they await the green light from the Telecommunication Regulatory Commission (TRC).

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