News
Economy performing well post hurricanes –Premier Smith
ROAD TOWN, Tortola, VI – The Virgin Islands' (VI) Chief Legislator with responsibility for its Finances, outgoing Premier and Minister of Finance, Dr the Honourable, D. Orlando Smith (AL), says the Territory is doing well, in its comeback after the devastation of hurricanes Irma and Maria.
Banco Popular explores opening Virgin Gorda branch
VALLEY, Virgin Gorda, VI - Banco Popular is in the process of conducting its due diligence and feasibility studies into establishing a branch on Virgin Gorda, following the closure of the Scotia Bank, effective today, September 1, 2018.
Hon Fahie closer to securing new bank for Virgin Gorda
VALLEY, Virgin Gorda, VI - Scotia Bank closes its doors on the sister island of Virgin Gorda, today August 31, 2018, but Opposition Leader, Honourable Andrew A. Fahie (R1), is optimistic the void left behind, could soon be filled by another financial institution.
Next cruise ship docks @ TPP in 2 weeks
ROAD TOWN, Tortola, VI - The arrival of the ‘Disney Fantasy’ has signalled the return of the cruise industry to the Virgin Islands (VI).
Pension payments more than double in 10 years—AG Report
ROAD TOWN, Tortola, VI - The 2013 Auditor General Report laid on the table of the House of Assembly last month continues to highlight many issues.
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.
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.
$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.
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).
‘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.
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