News
Taking away financial services a ‘human rights’ issue- Premier Smith
ROAD TOWN, Tortola, VI- “Here we are as a Territory, we had one of the most severe natural disasters in a hundred years in the Caribbean and the BVI took the brunt of it. We had three things; flooding, plus Hurricanes Irma and Maria, which, left the Territory devastated. I think it was against human rights provisions to be able to now go and say we are going to take away the other part of your economy.”
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.
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.
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).
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.
'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.
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.
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.
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.
‘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).
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