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News

March 21st, 2019
NDP raided treasury to finance ‘election projects’—Premier Fahie

ROAD TOWN, Tortola, VI - Premier and Minister of Finance, Honourable Andrew A. Fahie (R1), has begun to expose the National Democratic Party (NDP) government over its expenditure of the Territory’s resources, funding projects for political gains during the 2019 General Election season.

March 20th, 2019
Two-year increments to be paid after Budget 2019—Premier

ROAD TOWN, Tortola, VI - Public Officers who are due three years of increments, can look forward to two years’ payment when the Territory’s 2019, Annual Budget is approved in the House of Assembly (HoA), in April, according to Premier and Minister of Finance, Honourable Andrew A. Fahie (R1).

March 19th, 2019
Bank of Asia Appoints Dr. Peter Reichenstein as President

ROAD TOWN, Tortola, VI – Bank of Asia (BVI) Limited, one of the world’s first fully digital global cross-border banks and the first digital bank in the Virgin Islands (VI), today Tuesday, March 19, 2019, announced the appointment of Dr Peter Reichenstein as President effective March 15, 2019.

March 17th, 2019
USVI capitalising on 'Carnival' exit from Antigua

VI CONSORTIUM

ST THOMAS, USVI - In a rather drastic move following disagreements between the Antiguan Government, Carnival Cruise Line and the Florida-Caribbean Cruise Association (FCCA), Carnival Cruise Line last week announced that it was removing Antigua from its itinerary, a decision with damaging consequences for the island, as Carnival Cruise Line alone brings 250,000 individuals to Antigua’s shores annually.

March 16th, 2019
Brexit: Keeping the Overseas Territories inside the loop

By Dickson C. Igwe

Brexit is a huge economic, social, and political matter that the Overseas Territories (OT) of Great Britain must engage with.

March 14th, 2019
Mark H. Vanterpool recants resignation, ask to be sworn into HoA

ROAD TOWN, Tortola, VI – Representative for the Fourth Electoral District, Mark H. Vanterpool (R4) has today, March 14, 2019, recanted his resignation from the Virgin Islands (VI) House of Assembly (HoA) citing incorrect resignation procedure, while noting that the people of his district have encouraged him to continue being their representative.

March 14th, 2019
Talks fruitful for return of Banking to VG – Premier

Road Town, Tortola, VI – Banking service is expected to make a full return to the sister island of Virgin Gorda (VG), after several months without a banking presence on the island following the exit of Scotiabank in September of 2018.

March 14th, 2019
CIBC FirstCaribbean gives VI students first-hand experience to mark IWD

ROAD TOWN, Tortola, VI – CIBC FirstCaribbean Bank on Friday, March 8, 2019, last, on the occasion of International Women’s Day (IWD)—as part of its corporate social responsibility—used the occasion to give female students in the Territory the opportunity to engage in the administrative and day to day activities of providing Banking Services in the Virgin Islands (VI).

March 13th, 2019
VI evades EU blacklisting; Premier credits NDP Gov’t

ROAD TOWN, Tortola, VI - After months of uncertainty over whether the Virgin Islands (VI) would be tax blacklisted for not meeting European Union (EU) requirements regarding fair taxation, the top European body announced that it recognises the VI as compliant with its fair taxation principles as well as being a cooperative jurisdiction.

March 13th, 2019
Fraser Attacks: 'Tell us where the money for the Plane went'

ROAD TOWN, Tortola, VI - The territory of the Virgin Islands (VI) was reminded that with the heated elections campaign season over, there are major issues that the present government must deal with as matters of urgency, to the extent that Premier and Minister of Finance, Hon Andrew A. Fahie (R1) should currently be in the United Kingdom (UK).

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