Finance and Business
ROAD TOWN, Tortola, VI- So far no legal action has been taken against BVI Airways to recover funds owed to the BVI Airports Authority (BVIAA) more than two years ago.
ROAD TOWN, Tortola, VI – Delivering the 2016 national budget in the House of Assembly today Monday February 8, 2016, Premier and Minister of Finance Dr The Honourable D. Orlando Smith said the funds that the Government has expended to execute a number of projects in the territory have been significant and are monies well spent.
ROAD TOWN, Tortola, VI - Sounding again like he was on the campaign trail, the Virgin Islands’ Minister of Finance Dr The Honourable D. Orlando Smith has announced a 2016 Appropriation Act of approximately Three Hundred and Thirty Million, Eight Hundred and Forty Six Thousand Five hundred United States Dollars ($330,846,500.00) of both protected revenue and expenditure.
ROAD TOWN, Tortola, VI- While no one who is fair and objective will disagree that the Virgin Islands’ Head of Government, Premier and Minister of Finance Dr The Hon D. Orlando Smith, ought to be driven in a state-owned vehicle, and security provided, as is the practice through-out the world or for that matter any Premier, residents are alarmed that in this hard economic time a new SUV was purchased for Dr Smith at such cost.
ROAD TOWN, Tortola, VI- With many schools without basic teaching aids, and others without basic resources such as toilet paper, water and classroom space, the Minister for Education and Culture Hon Myron V. Walwyn spent One Million and Seventy-eight Thousand Dollars ($1, 078,000.00) on the Elmore Stoutt High School (ESHS) perimeter fence.
ROAD TOWN, Tortola, VI - While the National Democratic Party (NDP) Government has left the treasury empty, as confirmed by the Minister of Finance Dr The Hon D. Orlando Smith in an answer to a question posed by senior Opposition Member Honourable Andrew A. Fahie (R1) on February 4, 2016 and with local vendors owed millions of dollars, the NDP Government has already paid $500,000.00 of taxpayers' money of the $7 Million promised to BVI Airways.
ROAD TOWN, Tortola, VI- The debate as to who left the Virgin Islands broke is now over. The Premier and Minister of Finance, Dr The Honourable D. Orlando Smith, has set the record straight by confirming that the National Democratic Party (NDP) Government has almost bankrupt the Overseas Territory of about forty thousand residents.
ROAD TOWN, Tortola, VI – Representative for the First District Honourable Andrew A. Fahie has called on Government to immediately put a freeze on all work permits for jobs in Virgin Gorda to allow local persons displaced from Rosewood Little Dix Bay Resort to find work.
ROAD TOWN, Tortola, VI – Former Project Coordinator of the Cruise Pier Development Project, Hugh E. Darley has not only confirmed that he has retained legal counsel in the Virgin Islands, but also that the law firm which his company IDEA Inc. had retained backed out of the arrangement citing the fear that it could lose future Government work.