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Finance and Business

December 29th, 2017
$721M needed for restoration work over next 5 years- Draft Recovery Plan

ROAD TOWN, Tortola, VI – Legislators, entrepreneurs and even the man at the grassroots level continue to ponder how much it would cost for the Virgin Islands (UK) to be returned to some semblance of what it was prior to the devastation it suffered from hurricanes Irma and Maria in September and a tropical wave in August.

December 28th, 2017
Shame! civil servants working under open tent, collecting money, safety compromised

WEST END, Tortola, VI- Of course there were two category 5 hurricanes that destroyed the Virgin Islands (VI) and most of its infrastructure. However, about a month or two later, Premier and Leader of Government Business Dr The Honourable D. Orlando Smith (AL) told the world, much to the ridicule and dismissal of many including his own National Democratic Party NDP) front and back bench Members, that we were "back on our feet.”

December 28th, 2017
Do not mistake privacy for secrecy - Lorna G. Smith OBE

ROAD TOWN, Tortola, VI- The Interim Executive Director of BVI Finance Mrs Lorna G. Smith OBE has come to the defense of the territory being labelled a tax haven, penning an article in Scottish newspaper The Sunday Herald of December 26, 2017, in which she admonished that persons not mistake privacy for secrecy.

December 27th, 2017
Governor Jaspert is the new Finance Minister- John I. Cline

ROAD TOWN, Tortola, VI- “Since the Government themselves would not appoint a new Finance Minister, the Governor, almost literally is taking that position,” says former Chairman of the BVI Health Services Authority (BVIHSA) Board and clergyman, Mr John I. Cline.

December 27th, 2017
Willy T floating restaurant & bar boat destroyed by Hurricane Irma

NORMAN ISLAND, VI- Willy T, one of the Territory's premiere tourist attractions- a floating boat that is also a bar and restaurant moored for years close to The Bight near Norman Island- in the Virgin Islands, was beached by Hurricane Irma in September 2017.

December 26th, 2017
Banks telling people foolishness- Hon Ronnie W. Skelton

ROAD TOWN, Tortola, VI- The Minister for Health and Social Development, Honourable Ronnie W. Skelton (AL) has blasted banks in the Virgin Islands for what he called “asking them [residents] to do all sort of foolish things that doesn’t make any sense and putting people through additional expenses” following damages to their properties by hurricanes Irma and Maria in September.

December 26th, 2017
Two cruise ships in port today; Taxi drivers 'thankful & hopeful'

ROAD TOWN, Tortola, VI- Every time a cruise ship docks in the Virgin Islands it is a welcomed sight, as the vessels were missing for months after hurricanes Irma and Maria assaulted the Virgin Islands in September.

December 24th, 2017
Duty free list extended to end of March 2018

ROAD TOWN Tortola VI - Persons residing and conducting business in the Virgin Islands have had their plea answered as it relates to being given more time to import certain products duty free in order to get their lives back to normalcy following the losses and damages suffered when the territory was hit by storms and hurricanes this year.

December 23rd, 2017
Local business opposes controversial decision to ban minors from TPP

ROAD TOWN, Tortola, VI- The decision by the management of Tortola Pier Park (TPP) to ban children 17 years of age and under from the Government facility unless accompanied by an adult who is at least 21 years of age is not sitting well with some businesses there.

December 22nd, 2017
$15M to help repair homes - Hon Ronnie W. Skelton

ROAD TOWN, Tortola, VI - Residents of the territory have been given the assurance that the National Democratic Party (NDP) government has monies set aside, $15M, to lend persons in need to repair their homes.

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