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Finance and Business

July 17th, 2019
BVIAA syphoned off $5M runway loan to pay salaries – Hon Fahie

ROAD TOWN, Tortola, VI - Premier and Minister of Finance, Hon Andrew A. Fahie (R1) is dropping bombshell information on the state of the BVI Airports Authority (BVIAA), calling the agency ‘beyond catastrophic’ in detailing several irregularities at the agency, such as moneys earmarked for development being used instead to pay salaries.

July 17th, 2019
Baby Phat brand to be relaunched @ Summer Sizzle BVI 2019

NEW YORK, USA- Twenty years ago when Kimora Lee Simmons launched Baby Phat, an extension of the Phat Pharm men’s label under her then-husband Russell Simmons’ Phat Fashions company, the Baby Phat show was one of the hottest invites and most coveted shows on the New York Fashion Week Calendar.

July 16th, 2019
‘Beyond catastrophic’– Premier Fahie says BVIAA needs critical intervention

ROAD TOWN, Tortola, VI – Calling it a 'rabbit hole' of mismanagement, deception and possible misappropriation of funds from the public purse, Virgin Islands (VI) Premier and Minister of Finance, Hon Andrew A. Fahie (R1) today revealed that the BVI Airports Authority (BVIAA) is in critical need of intervention.

July 15th, 2019
Irma’s ‘price hiking’ covered in Consumer Protection Bill – Premier Fahie

GREAT HARBOUR, Jost van Dyke, VI – As reported by Virgin Islands News Online (VINO) on July 11, 2019 that the proposed Consumer Protection Act did not cover ‘price gouging’, Premier and Minister of Finance, Hon Andrew A. Fahie (R1) has moved to point out that while the legislation is indeed missing that term, it instead uses the term ‘price hiking’ in the bid to protect consumers from the practice.

July 11th, 2019
Price gouging & tenancy not included in proposed Consumer Protection Act

PARAQUITA BAY, Tortola, VI- The ninety-nine (99) pages of the Government’s proposed Consumer Protection Act does not cover price gouging; however, this is a separate document being worked on as, according to Premier and Minister of Finance Hon Andrew A. Fahie (R1), “that one is a greater challenge.”

July 10th, 2019
Cannabis can bring health & happiness to VI- ‘Foxy’

GREAT HARBOUR, Jost van Dyke, VI- Virgin Islands icon, Philliciano O. Callwood MBE aka ‘Foxy’ has called on Government to throw its full support behind HempFest 2019 as he believes the territory can benefit tremendously from the legalisation of cannabis, a conversation that is set to dominate the event at Foxy’s Tamarind Bar on Jost van Dyke on Saturday, July 13, 2019.

July 10th, 2019
VI wants deeper partnership with UNDP - E. Benito Wheatley

NEW YORK, USA – Mr E. Benito Wheatley, the Virgin Islands (VI) Special Envoy for the Government, has hailed the United Nations Development Programme (UNDP) as a key partner in supporting the territory’s recovery and development after the hurricanes of 2017.

July 7th, 2019
‘Stigma attached to Labour Department removed’- Hon Kye M. Rymer

ROAD TOWN, Tortola, VI- For years the government department that handles all levels of labour related matters was stigmatised, having been accused of being unfriendly, unfair to persons filing disputes, ducking work permits, tardiness in communicating with applicants, just to name a few.

July 6th, 2019
Consumer Protection Bill is not to tilt scales in anyone’s favour- Sharie B. deCastro

ROAD TOWN, Tortola, VI- The long awaited Consumer Protection Bill, a campaign promise by the Virgin Islands Party (VIP) in the lead up to the General Elections of February 25, 2019, will be taken to the public for its input from next week before it is returned to the House of Assembly (HoA) for the Second and Third Readings.

July 5th, 2019
Harneys awarded contract to provide legal services for RDA

ROAD TOWN, Tortola, VI- The international offshore law firm, Harneys, has been awarded a contract to provide legal services for the Recovery and Development Agency (RDA) on an “as required basis” for a period of two years.

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