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Finance and Business

October 28th, 2016
MF confirms VINO story on concerns of survivability of NBVI!

ROAD TOWN, Tortola, VI- It was our newsroom that again first and accurately reported in an article on October 27, 2016 that the Financial Services Commission (FSC), the state regulators, had raised serious concerns about the survival of the National Bank of the Virgin Islands (NBVI) and in particular its unsustainable Non-performing Loan Portfolio.

October 27th, 2016
Serious concerns raised by FSC about survival of NBVI!

ROAD TOWN, Tortola, VI- The National Bank of the Virgin Islands (NBVI), which has the Government as its only shareholder, continues to be an institution of concern by the Financial Services Commission (FSC), the state regulator of Banks and the Financial Services industry.

October 26th, 2016
Flow launches online study programme for CAPE/CSEC students

ROAD TOWN, Tortola, VI– As parent and students get fully into the school term, Flow unveils its e-leaning platform, Flow Study, an online portal to help students better prepare for the CAPE and CSEC examinations.

October 26th, 2016
Governor Duncan can no longer defend VIG position to FCO on spending!

ROAD TOWN, Tortola, VI- Since the National Democratic Party (NDP) Government took office in 2011 to current, the Virgin Islands Party (VIP) Opposition, the Media, civil society and talk show hosts have been complaining loudly about the mismanagement of funds and the reckless spending of taxpayers money.

October 25th, 2016
Governor allegedly imposed $135K per year consultant on Ministry of Finance

ROAD TOWN, Tortola, VI- Behind closed doors, the imposing of almost direct rule on the British Overseas Territory of the Virgin Islands by the United Kingdom (UK) appointed Governor John S. Duncan OBE continues to manifest itself.

October 24th, 2016
The UK could take over MF if urgent changes are not made- John S. Duncan

ROAD TOWN, Tortola, VI- While our newsroom is not the “WikiLeaks” of the Virgin Islands (VI), we continue to obtain (most times dropped off anonymously at our office) many government documents on a wide variety of government information.

October 21st, 2016
Digicel work permits revoked in TCI


The Turks and Caicos Islands Government, through the Immigration Board, has revoked the work permits of six expatriate workers at Digicel, after the telecommunications company made a number of Belongers redundant in a move that has sparked national outrage.

October 20th, 2016
Family Food Bakery & RiteWay clash over $1 hike on bread

PASEA, Tortola, VI – RiteWay Food Market turned the bullet on a local bakery after being accused of hiking the price of its bread by one dollar, causing the bakery to take a decision to pull its product from the supermarket.

October 18th, 2016
Asia Pacific Region: A fundamental market for VI

ROAD TOWN, Tortola, VI- The Asia Pacific Region remains a fundamental market for the [British] Virgin Islands as Premier and Minister of Finance, Dr The Honourable D. Orlando Smith, OBE concludes the first day of meetings during the VI Asian Trade Mission.

October 17th, 2016
Delta Petroleum wins Privy Council Appeal against VI Gov't

ROAD TOWN, Tortola, VI- The Eastern Caribbean Court of Appeal (Virgin Islands) has ruled in favour of Delta Petroleum in relation to the seizure by HM Customs of Delta’s fuel storage tank No 7 at Pockwood Pond, Tortola, together with its contents (some 248,000 US gallons) on September 20, 2012.

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