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Finance and Business

April 11th, 2019
Hon Wheatley wants frugal spending on Festivals

ROAD TOWN, Tortola, VI – With the Virgin Islands Festival and Fairs Committee (BVIF&FC) some $300K in debt as accumulated under the Dr D. Orlando Smith led National Democratic Party (NDP) government, the committee is looking to spend this year’s $710k budget as frugal and as wisely as possible given the current rebuilding atmosphere in the Virgin Islands (VI).

April 7th, 2019
VIP inherits $300K festival debt from NDP

ROAD TOWN, Tortola, VI - Ahead of the 2019 Emancipation Festival, residents are being told that the 65th anniversary festivities will now be scaled down significantly due to financial constraints.

April 6th, 2019
No money issues in VI – Premier Fahie

ROAD TOWN, Tortola, VI – Premier and Minister of Finance, Hon Andrew A. Fahie (R1), says that with the Virgin Islands Party (VIP) in government and budget estimates in place, the main objective now is to make sure that all the various parts of the Virgin Islands (VI) financial services sector is working together as a unit so that they can overcome challenges.

April 5th, 2019
I resented NDP treatment of District Reps – Premier Fahie

ROAD TOWN, Tortola, VI – Premier and Minister of Finance, Hon Andrew A. Fahie (R1) says that under his leadership, all elected district representatives in the Virgin Islands (VI) will have full access to financing and will be respected, unlike how it was under the Dr D. Orlando Smith led National Democratic Party (NDP).

April 4th, 2019
VIP 2019 budget has NPD plans – Hon Penn

ROAD TOWN, Tortola, VI – Opposition Leader and Deputy Chairman of the National Democratic Party (NDP), Hon Marlon A. Penn (R8) says the Virgin Islands Party’s (VIP) $426M Budget presented by Premier and Minister of Finance, Hon Andrew A. Fahie (R1) on April 2, 2019, at the Virgin Islands (VI) House of Assembly (HoA) has some of the same plans his party had in their budget.

April 2nd, 2019
Boys Service Station opens new Huntums Ghut location

HUNTUMS GHUT, Tortola, VI - The popular Boys Service Station on Saturday, March 30, 2019, opened yet another gas station location, this time, in Huntums Ghut, on the main island of Tortola.

April 2nd, 2019
Health & Education gets lion’s share of $426M Budget

ROAD TOWN, Tortola, VI – Premier and Minister of Finance, Honourable Andrew A. Fahie (R1), today announced a $426M Annual Budget for the Virgin Islands (VI) in 2019 with the largest allocations going towards health and education.

April 2nd, 2019
HoA off to start; Premier Fahie to deliver 2019 Budget estimates

ROAD TOWN, Tortola, VI – The Second Sitting of the First Session of the Fourth House of Assembly (HoA) of the Virgin Islands (VI) is off to a start Today, April 2, 2019, where Premier and Minister of Finance Hon Andrew A. Fahie (R1) will be presenting the 2019 budget estimates which according to him, must be passed by April 30, 2019.

April 2nd, 2019
Hurricane 2017: Insurance Co.’s faced brunt of complaints – FSC Deputy Director

ROAD TOWN, Tortola, VI - The relationships between companies in the Virgin Islands (VI), the Financial Services Commission (FSC) and Local Banks, post-2017 hurricane season were questioned at the recent “Money Matters” forum which sought to bring to light, issues which affected policyholders.

April 1st, 2019
Insurance companies buy insurance too - Kishma A. Baronville

ROAD TOWN, Tortola, VI - General Manager of Colonial Insurances, Ms Kishma A. Baronville has unveiled that insurance companies buy coverage from other insurance companies around the world, and thus, this makes it impossible for there not to be a rise in premiums to policyholders.

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