Finance and Business
‘Loop-holes’ see Ministers diverting funds to districts—AG Report
ROAD TOWN, Tortola, VI - Auditor General, Ms Sonia M. Webster, has uncovered a number of glaring ‘loop-holes’ which give the perception, Ministers divert funds intended for investment in the Territory, to instead be used in their electoral districts.
Gov’t collection system insufficient-Auditor General 2013 Report
ROAD TOWN, Tortola, VI - Auditor General (AG), Sonia M. Webster, in her 2013 Audit Report—laid before the House of Assembly (HoA) some weeks ago—has unearthed many troubling issues.
'Gadiethz' says he is owed for 2-years by VI Festival & Fairs Committee
EAST END, Tortola, VI – The Virgin Islands (VI) Festival and Fairs Committee continues to be accused of failing to honour its debts, the latest allegations being levelled by frustrated Promoter, Paul A. Peart aka 'Gadiethz', who says he is owed now for almost two years.
Dr Smith Gov’t warned of need for Plan-B in upcoming ‘UK fight’
NEW YORK, NY, USA – The government of the Virgin Islands (VI) is being called on to urgently prepare contingency plans, in wake of the impending deadline for the implementation of ‘public registers’—a United Kingdom (UK) decision, that is believed, will have a crippling effect on the Territory’s Financial Services sector.
'Caribbean Cellars' returns to Lower Estate
LOWER ESTATE, Tortola,VI - Wines and Spirits Merchant, Caribbean Cellars, has returned to its main branch at Lower Estate on Tortola, in the Virgin Islands (VI), after being forced to relocate to Baugher’s Bay in 2017, following Hurricanes Irma and Maria.
Virgin Gorda Gov’t Complex was not insured—Premier Smith
VALLEY, Virgin Gorda, VI – The Virgin Islands’ (VI) Government has received $11.4M, in insurance claims for damages to the Central Administrative Complex in Road Town, Tortola, the administration’s complex on the sister island of Virgin Gorda however, is not insured, as such no claims could be submitted.
Sherri Ortiz tipped to head ‘Asia House’
ROAD TOWN, Tortola, VI - Word just reaching our news desk from senior National Democratic Party (NDP) insiders, is that former Executive Director of the British Virgin Islands (BVI) International Finance Centre and a former Deputy Financial Secretary, Ms Sherri Ortiz, is expected to head the Asia House.
Smith sold BVI Airways for $650,000 & a promise of millions more
ROAD TOWN, Tortola, VI – Former BVI Airways owner, Luke Smith, essentially signed away his interests, including shares in the company, for a mere $650,000, after being promised stocks worth up to $5M.
Hon Fraser forces Premier to disclose ‘bombshell’ banking info in HoA
ROAD TOWN, Tortola, VI –Premier and Minister of Finance, Dr the Honourable D. Orlando Smith (AL), at the June 28, 2018, sitting of the House of Assembly (HoA),—following his Asia tour—spoke to the opening of the Bank of Asia in the Virgin Islands (VI).
VI Companies in ‘Landmark Victory’ after challenge to AG’s powers
ROAD TOWN, Tortola, VI - The Virgin Islands High Court on Thursday June 19, 2018, quashed decisions taken by Attorney General (AG), Honourable Baba Aziz, and a Magistrate, in what is being hailed as a landmark victory for Companies registered in the Virgin Islands (VI), and their rights to Privacy and Confidentiality.
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