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News

May 5th, 2018
A March? Gov’t expected to support demonstration over UK Public Registry law

ROAD TOWN, Tortola, VI - It was on Tuesday, May 1, 2018, that the United Kingdom's House of Commons passed an amendment to the Sanctions and Anti-Money Laundering Bill to demand the Overseas Territories in the Caribbean have a public registry to show who owns offshore accounts and who benefits from them.

May 5th, 2018
Economic vision, post public register of beneficial ownership

Dickson Igwe

OK, a very savvy mind, who over the decades has been a major player in the Virgin Islands offshore finance industry, told this writer that he was not overly concerned about the UK government’s decision to impose a public register of beneficial ownership on offshore companies of overseas territories of Great Britain. He stated over lunch, that the industry had already factored in the decision into its working culture.

May 4th, 2018
Gov’t $240M in debt; @ brink of borrowing capacity- Claude O. Skelton-Cline

ROAD TOWN, Tortola, VI- It was on the Tuesday May 1, 2018 edition of the Honestly Speaking show, aired on ZBVI 780 AM, that the Leader of the Opposition and First District Representative Honourable Andrew A. Fahie and commentator Claude O. Skelton-Cline shared with listeners their views on the financial position of the Virgin Islands (VI).

May 3rd, 2018
DDM hopes to install emergency warning systems by July

ROAD TOWN, Tortola, VI - During a press conference on Wednesday May 2, 2018 at the Department of Disaster Management (DDM) conference room located at the Simms Mini Mall, Sharleen S. Dabreo, Director of DDM stated that her department is aiming to install a majority of the emergency warning systems by July, when the peak of the hurricane season begins.

May 2nd, 2018
'It's unacceptable that Gov't workers are still unpaid after hurricane cleanup' - Hon Penn

ROAD TOWN, Tortola, VI - During the Fourth Sitting of the Third Session of the Third House of Assembly (HoA) on Friday April 27, 2018, Honourable Marlon A. Penn (R8), Junior Minister for Trade and Investment Promotion, told the members of the House that it is “unacceptable” that workers are still not paid for services rendered following the hurricanes of September 2017.

May 2nd, 2018
House of Commons decision ‘does not speak well’ for VI-UK relationship- Dr Smith

ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr The Honourable D. Orlando Smith (AL) has always boasted about the relationship that exists between his National Democratic Party (NDP) Government and the United Kingdom Government.

May 2nd, 2018
HoA adjourned abruptly; Next meeting date unknown

ROAD TOWN, Tortola, VI- Opposition Members will have to wait a while longer to have their questions answered, as the House of Assembly (HoA) was abruptly adjourned yesterday, Tuesday May 1, 2018.

May 2nd, 2018
Julian Willock supports Lorna G. Smith’s interview; Rejects comparison

ROAD TOWN, Tortola, VI- Political aspirant, businessman and former Permanent Secretary Mr Julian Willock has come to the defense of the Territory’s First Lady and Interim Director of BVI Finance, Mrs Lorna G. Smith OBE.

May 2nd, 2018
‘Establishing additional economic pillars now critical’- Hon Fahie

ROAD TOWN, Tortola, VI- There is no surprise that the Territory is on high alert after the United Kingdom (UK) Government on Tuesday May 1, 2018 agreed in the House of Commons to support a bill to make public the beneficial owners of companies in their Overseas Territories (OTs).

May 1st, 2018
'VI Open for business' map app to receive special international award

ROAD TOWN, Tortola, VI - The ‘BVI Open for Business’ map application that was launched on January 5, 2018, by the government following the aftermath of the hurricanes of September 2017 has been selected to receive a Special Achievement in Geographic Information System award.



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