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Finance and Business

August 20th, 2019
Public meeting on UK Loan Guarantee tonight @ HLSCC

ROAD TOWN, Tortola, VI – With growing tensions between the United Kingdom appointed governor, Augustus J.U. Jaspert, and Premier and Minister of Finance, Hon Andrew A. Fahie (R1) over the terms of the conditions imposed by the UK Recovery and Development Loan Guarantees, the administration is moving ahead with its public consultations on the matter.

August 20th, 2019
Fly BVI suspends operations @ TB Lettsome Airport

BEEF ISLAND, VI- Some ten persons, including locals, were affected when air charter company Fly BVI Ltd suspended its operations based at Terrance B. Lettsome International Airport on Beef Island.

August 20th, 2019
Unelected Governor fires back @ Premier Fahie

ROAD TOWN, Tortola, VI – In damning allegations, Premier and Minister of Finance Hon Andrew A. Fahie (R1) in a Saturday, August 17, 2019 statement had accused United Kingdom (UK) officials in the Virgin Islands (VI) of deliberately failing to investigate the National Democratic Party (NDP) Government, leaving the door open for UK imposed policies on the territory’s finances among other strategic plans to control the territory.

August 20th, 2019
Caricom planing legal action against European 'Big Boys'- Premier Fahie

ROAD TOWN, Tortola, VI – With the European Union (EU) continuing to set difficult policies on the Virgin Islands (VI) Financial Services sector, Premier and Minister of Finance, Hon Andrew A. Fahie (R1) says these pressures are not just on the VI alone, rather, the entire Caribbean and the Caricom region is looking for ways to fight back.

August 19th, 2019
Gov’t to clamp down on illegal use of Crown land

WICKHAM’S CAY I, Tortola, VI- Minister for Education, Culture, Youth Affairs, Fisheries and Agriculture, Dr The Honourable Natalio D. Wheatley (R7) has said Government will be moving to have greater accountability of how Crown lands are used.

August 19th, 2019
For better or worst- The deal breaker

By Kenneth G. Gladstone

The NDP administration may never recover from the fatal blow delivered to them by the Virgin Islands’ electorate. The full-blown dissatisfaction of the territory was unreservedly expressed at the polls, and everyone including those who had no interest in local politics, ensured that the handsome gentlemen above will never be allowed to sit in the House of Assembly as government heads again.

August 19th, 2019
‘UK deliberately failed to investigate NDP corruption’ – Premier Fahie

ROAD TOWN, Tortola, VI – Listing a host of financial mismanagement and alleged corruption under the previous National Democratic Party (NDP) Administration, Premier and Minister of Finance, Hon Andrew A. Fahie (R1), in damning allegations, has accused United Kingdom (UK) officials in the Virgin Islands (VI) of deliberately failing to investigate the NDP Government, leaving the door open for UK imposed policies on the territory’s finances.

August 19th, 2019
‘We even importing tamarind now!’– Hon Natalio D. Wheatley

WICKHAM’S CAY I, Tortola, VI- Minister responsible for Agriculture and Fisheries, Dr the Honourable Natalio D. Wheatley aka 'Sowande Uhuru’ (R7) has said it is imperative to have commercial agriculture and fishing sectors in order to diversify the economy of the Virgin Islands due to the eminent negative impacts of Brexit on the territory, including on the financial services sector.

August 17th, 2019
‘UK demands for loan guarantee far from reasonable’ - Premier Fahie

ROAD TOWN, Tortola, VI – First announced under the Dr D. Orlando Smith, National Democratic Party (NDP) government, the United Kingdom (UK) through a recovery and reconstruction package for the Virgin Islands (VI) had promised up to £300 million in loan guarantees and £10 million in grants to support the Territory's recovery after Hurricanes Irma and Maria of 2017.

August 17th, 2019
Prevailing against economic imperialism

By Dickson C. Igwe

Countries that fail to economically optimize their own natural and domestic markets are doomed to an eternity of economic slavery

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