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Finance and Business

August 23rd, 2018
EU Directive a greater threat to VI’s Financial Services than ‘public registers’—Farara QC

ROAD TOWN, Tortola, VI – The Virgin Islands (VI) is currently at risk of being ‘blacklisted’ by the European Union (EU) and this poses an even greater threat to the Territory’s Financial Services Industry and its economic wellbeing, than that of the United Kingdom (UK) imposed, ‘public registers’ Order.

August 22nd, 2018
Public registers ‘fight’ will bring Constitutional review of UK powers over VI

ROAD TOWN, Tortola, VI - A legal fight between the United Kingdom (UK) and the Virgin Islands (VI), over the imposition of ‘public registers,’ will inevitably lead to a Constitutional review, with a focus on the powers of the UK to unilaterally impose legislation on the Territory.

August 22nd, 2018
$4.1M unaccounted for: Not included in Treasury’s record- AG Report

ROAD TOWN, Tortola, VI - The Report of the Auditor General (AG) for 2013 continues to unearth some information that requires correction, according to AG Ms Sonia M. Webster.

August 21st, 2018
VI's internet infrastructure & service gets ‘upgrade’

ROAD TOWN, Tortola, VI – Telecommunications conglomerate, Digicel (BVI), has announced an upgrade in its network capacity on a number of its newly built LTE sites in the Virgin Islands (VI).

August 18th, 2018
‘Loop-holes’ see Ministers diverting funds to districts—AG Report

ROAD TOWN, Tortola, VI - Auditor General, Ms Sonia M. Webster, has uncovered a number of glaring ‘loop-holes’ which give the perception, Ministers divert funds intended for investment in the Territory, to instead be used in their electoral districts.

August 15th, 2018
Gov’t collection system insufficient-Auditor General 2013 Report

ROAD TOWN, Tortola, VI - Auditor General (AG), Sonia M. Webster, in her 2013 Audit Report—laid before the House of Assembly (HoA) some weeks ago—has unearthed many troubling issues.

August 13th, 2018
'Gadiethz' says he is owed for 2-years by VI Festival & Fairs Committee

EAST END, Tortola, VI – The Virgin Islands (VI) Festival and Fairs Committee continues to be accused of failing to honour its debts, the latest allegations being levelled by frustrated Promoter, Paul A. Peart aka 'Gadiethz', who says he is owed now for almost two years.

August 12th, 2018
Dr Smith Gov’t warned of need for Plan-B in upcoming ‘UK fight’

NEW YORK, NY, USA – The government of the Virgin Islands (VI) is being called on to urgently prepare contingency plans, in wake of the impending deadline for the implementation of ‘public registers’—a United Kingdom (UK) decision, that is believed, will have a crippling effect on the Territory’s Financial Services sector.

August 10th, 2018
'Caribbean Cellars' returns to Lower Estate

LOWER ESTATE, Tortola,VI - Wines and Spirits Merchant, Caribbean Cellars, has returned to its main branch at Lower Estate on Tortola, in the Virgin Islands (VI), after being forced to relocate to Baugher’s Bay in 2017, following Hurricanes Irma and Maria.

August 10th, 2018
Virgin Gorda Gov’t Complex was not insured—Premier Smith

VALLEY, Virgin Gorda, VI – The Virgin Islands’ (VI) Government has received $11.4M, in insurance claims for damages to the Central Administrative Complex in Road Town, Tortola, the administration’s complex on the sister island of Virgin Gorda however, is not insured, as such no claims could be submitted.

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