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Finance and Business

November 21st, 2017
Premier Smith defends controversial 'open for business' statement

ROAD TOWN, Tortola, VI - With many people jobless, homeless, without adequate food and water, the conditions of the roads in a horrible state and many places yet to be properly cleaned up following hurricanes Irma and Maria, there was much criticism when Premier and Minister of Finance Dr The Honourable D. Orlando Smith (AL) made a statement back in October that the 'BVI is open for business'.

November 20th, 2017
Duty-free imports to be considered for extension

ROAD TOWN, Tortola, VI- Dr The Honourable D. Orlando Smith (AL), Premier and Minister of Finance, announced during a live radio broadcast on ZBVI AM 780 on Sunday, November 19, 2017 that considerations are being made to extend the life of the duty-free list put in place by government shortly after Hurricane Irma on September 6, 2017.

November 20th, 2017
Where is Premier Smith's $92,500 tax payers SUV?

ROAD TOWN, Tortola, VI- There was much outrage in 2016 when Premier and Minister of Finance Dr The Honourable D. Orlando Smith (AL) approved for himself a brand-new Ninety Two Thousand, Five Hundred Dollar ($92,500) 2016 Cadillac Escalade.

November 20th, 2017
A year after the Panama Papers leak comes the Paradise Papers!

ROAD TOWN, Tortola, VI- Little more than a year after the 'Panama Papers' leak sent ripples in the offshore financial sector and placed the Virgin Islands industry under renewed scrutiny, now comes the 'Paradise Papers.'

November 20th, 2017
Flow touches VI community with Missions Day activities

ROAD TOWN, Tortola, VI - Members of the Flow team descended upon the [British] Virgin Islands community in a series of relief donations and targeted community service activities leading up to the company’s annual Missions Day on Thursday, November 16, 2017.

November 18th, 2017
Small businesses can incorporate for less under new law

WICKHAM’S CAY II, Tortola, VI - During the Eleventh Sitting of the Second Session of the Third House of Assembly of the Virgin Islands on November 16, 2017 at the Ritter House, members of the House welcomed the Micro Business Companies Act 2017.

November 18th, 2017
‘Gov’t collapsed? We were busy working on bills’- Hon Walwyn

WICKHAM’S CAY II, Tortola, VI- After the National Democratic Party (NDP) Government was heavily criticised for being AWOL weeks after Hurricane Irma ravaged the Virgin Islands, Education Minister Myron V. Walwyn (AL) has sought to defend his government, saying they were busy working on bringing bills to the House of Assembly to keep the country moving.

November 17th, 2017
Consumer Protection legislation should have been ‘rushed’ too- Hon Fahie

WICKHAM’S CAY II, Tortola, VI- It may seem like flogging a dead horse but Leader of the Opposition Honourable Andrew A. Fahie (R1) has again expressed the urgency for Consumer Protection legislation, saying that Consumer Protection legislation should have been treated with the same haste some legislations are being brought to the House of Assembly.

November 17th, 2017
Bill passed for relocated offshore companies to operate overseas under VI law

WICKHAM'S CAY II, Tortola, VI - The bill entitled Continuity of Business Act 2017 was passed on November 16, 2017 during the continuation of the Eleventh Sitting of the Second Session of the Third House of Assembly of the Virgin Islands (VI) at Ritter House in Wickham's Cay II, Tortola.

November 15th, 2017
New UK Police & Crime Bill could affect VI Offshore Financial Sector

ROAD TOWN, Tortola, VI- While the Virgin Islands might be preoccupied with the rebuilding efforts after two powerful Category 5 hurricanes, Irma and Maria, destroyed the Territory, a new Bill seems to have slipped the eye of local government.

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