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Finance and Business

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.

August 7th, 2018
Sherri Ortiz tipped to head ‘Asia House’

ROAD TOWN, Tortola, VI - Word just reaching our news desk from senior National Democratic Party (NDP) insiders, is that former Executive Director of the British Virgin Islands (BVI) International Finance Centre and a former Deputy Financial Secretary, Ms Sherri Ortiz, is expected to head the Asia House.

August 3rd, 2018
Smith sold BVI Airways for $650,000 & a promise of millions more

ROAD TOWN, Tortola, VI – Former BVI Airways owner, Luke Smith, essentially signed away his interests, including shares in the company, for a mere $650,000, after being promised stocks worth up to $5M.

August 1st, 2018
Hon Fraser forces Premier to disclose ‘bombshell’ banking info in HoA

ROAD TOWN, Tortola, VI –Premier and Minister of Finance, Dr the Honourable D. Orlando Smith (AL), at the June 28, 2018, sitting of the House of Assembly (HoA),—following his Asia tour—spoke to the opening of the Bank of Asia in the Virgin Islands (VI).

July 31st, 2018
VI Companies in ‘Landmark Victory’ after challenge to AG’s powers

ROAD TOWN, Tortola, VI - The Virgin Islands High Court on Thursday June 19, 2018, quashed decisions taken by Attorney General (AG), Honourable Baba Aziz, and a Magistrate, in what is being hailed as a landmark victory for Companies registered in the Virgin Islands (VI), and their rights to Privacy and Confidentiality.

July 30th, 2018
'Unregistered Company' bought BVI Airways

ROAD TOWN, Tortola, VI - Court Documents continue to unravel the muddle of financial transactions that led to the demise of BVI Airways, including the fact that it was sold to an ‘unregistered company’ and that the owners had attempted to sneak the plane out of the Virgin Islands (VI) to avoid its seizure.

July 28th, 2018
Premier’s UK trip was uninvited; cost taxpayers $43,000

ROAD TOWN, Tortola, VI – A recent trip to the United Kingdom (UK) by Premier and Minister of Finance, Dr the Honourable D. Orlando Smith (AL) and Opposition Leader, Honourable Andrew A. Fahie (R1) cost tax payers $43,000.

July 27th, 2018
Multi-Service Gas Station to open its doors on July 28, 2018

SEA COWS BAY, Tortola, VI- The world of gas stations will not be the same in the Virgin Islands (VI). ‘The new kids on the block’ in service stations is ‘The Boys’ headed by Rodney A. Simmons.

July 21st, 2018
The Trump Economy: the protectionist model

Dickson Igwe

There are lessons to be learned from a booming USA; the proceeding story is second of a series of narratives on Donald J. Trump’s business first, protectionist, economics. The narrative juxtaposes the US economic model with that of the [British] Virgin Islands.

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