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Finance and Business

September 18th, 2014
Naturalization sharply declines over 5 years – Civil Reg. & Passport Off.

ROAD TOWN, Tortola, VI – There has been a sharp decrease over five years with regards to the naturalization of persons according to the 2013 annual report of the Civil Registry and Passport Office.

September 18th, 2014
‘Craft's Alive a big mistake in RT!’ – Hon Julian Fraser RA

CARROT BAY, Tortola, VI – The Craft's Alive project would have been better off if it had been placed in the Carrot Bay area instead of Road Town (RT) as projects like the Cruise Pier Development Project (CPDP) and others are highly likely to kill it when complete.

September 16th, 2014
Karia J. Christopher In! To head Trade & Consumer Affairs Dept

ROAD TOWN, Tortola, VI - This news site’s sources within the National Democratic Party (NDP) Government have told our news room that Premier Dr. the Honourable D. Orlando Smith and the Public Service Commission (PSC) have approved Karia J. Christopher, an indigenous Virgin Islander to become the new Director of Trade and Consumer Affairs.

September 15th, 2014
VG businesses embrace Soire'eBVI's Challenge

VALLEY, Virgin Gorda, VI – This is the third year in succession for Soire'eBVI Stomp Model Madness Marketing Challenge and for the first time its management took the decision to take the competition to the Sister Island of Virgin Gorda which saw good support by the business entities there.

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.

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