Finance and Business
USVI to receive $384m from FEMA for school rebuilding
VI CONSORTIUM
FREDERIKSTED, St Croix, USVI- The US Virgin Islands (USVI) is set to receive a substantial $384.8 million investment from the Federal Emergency Management Agency (FEMA) to demolish and rebuild hurricane-damaged schools, marking a significant advancement in the territory's recovery efforts from hurricanes Irma and Maria in 2017.
Premier marks 1 year anniversary in Gov’t with pledge to continue tackling challenges
ROAD TOWN, Tortola, VI – Marking his 1st anniversary since taking office, Virgin Islands Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) has expressed gratitude for the confidence shown in him and his administration to take the helm of government and has shared a commitment to continue building and delivering for the people of the territory.
OJ Smith departs Premier’s Office as consultant; Now @ BVIEC
LONG BUSH, Tortola, VI- Businessman and former Virgin Islands Party (VIP) candidate for District Three, Mr Kevin C. Smith aka ‘OJ’ has ended his second contract with the Premier’s Office as a consultant, according to sources familiar with the matter.
USVI: STT tops Expedia's Fastest Growing Summer Destinations List
VI CONSORTIUM
CHARLOTTE AMALIE, St Thomas, USVI- A new report from Expedia has revealed St Thomas, US Virgin Islands (USVI) as the fastest-growing travel destination for the upcoming summer.
Public invited to consultation on reforms of BVI business companies act
ROAD TOWN, Tortola, Virgin Islands - The BVI Financial Services Commission (the Commission) invites members of the public to provide feedback, opinions and comments on the proposed reform to the BVI Business Companies Act, via the Draft BVI Business Companies (Amendment) Act, 2024 (“the Bill”).
Rasheda Hodge appointed Official Receiver
ROAD TOWN, Tortola, VI- Ms Rasheda Hodge has been appointed Official Receiver at the Ministry of Finance.
VI Gov’t announces solar project to reduce electricity cost by 50%
ROAD TOWN, Tortola, VI - The BVI Electricity Corporation (BVIEC), through the Ministry of Communications and Works, has announced the Solar Technology Energy Programme (STEP), a project aimed at reducing the cost of electricity in the VI and assisting the people of the VI.
Increase payroll tax exemption to $15K- Hon Ronnie W. Skelton
ROAD TOWN, Tortola, VI- Opposition Leader Hon Ronnie W. Skelton (AL) has recommended that employees earning less than $23,000.00 annually be given an annual payroll tax exemption of the first $15,000.00 earned.
HoA passes Register of Interests’ bill with amendments
ROAD TOWN, Tortola, VI- After a marathon session in a Committee of the whole House, the Virgin Islands Legislature- called the House of Assembly (HoA)- voted last week to approve the controversial Register of Interests Bill.
RiteWay staff disgruntled over security search policy & meagre pay raise
PASEA ESTATE, Tortola, VI- Whether the price is right at Riteway and customers are happy is another story but the staff of Riteway are not happy, as they have had much to complain about.