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January 31st, 2020
Cabinet approves more $$$ for Economic Substance Legislation

ROAD TOWN, Tortola, VI – The Virgin Islands Cabinet has approved an additional $150, 000 towards Economic Substance Legislation as the government makes moves to put itself in good standing with European Union (EU) requirements as an offshore financial services jurisdiction.

January 30th, 2020
Stipend increase for Directors of Ports & Tourist Boards

ROAD TOWN, Tortola, VI- Cabinet of the Virgin Islands has approved a stipend increase for the Directors of the Boards governing the British Virgin Islands Ports Authority (BVIPA) and the BVI Tourist Board (BVITB).

January 11th, 2020
Brexit & Offshore Finance

By Dickson C. Igwe

Brexit will be a boon to the offshore finance industry in the short term, at least

Will Brexit be advantageous to offshore finance? The answer could well be yes.

The European Union is pro-regulation of offshore finance for obvious reasons. The EU is much less of a deregulated economy than a Post Brexit UK is likely to become.

January 5th, 2020
Wade N. Smith now Acting Director @ FIA

ROAD TOWN, Tortola, VI - Former Commissioner of Customs and Progressive Virgin Islands Movement (PVIM) District 5 candidate in the 2019 General Elections of the Virgin Islands, Mr Wade N. Smith, is now Acting Director at the Financial Investigation Agency (FIA).

October 18th, 2019
'I shouldn't be helping the Gov't, but I got to'- Hon Turnbull tells HoA

ROAD TOWN, Tortola, VI - When the Eleventh Sitting of the First Session of the Fourth House of Assembly (HoA) of the Virgin Islands commenced on Thursday, October 17, 2019, at the HoA Chambers in Road Town, Tortola, legislators were already primed for what would be a long day of proceedings.

October 14th, 2019
VI looking to tap into African business market - Hon Wheatley

BAUGHERS BAY, Tortola, VI - Deputy Premier and Minister for Natural Resources, Labour and Immigration, Hon Vincent O. Wheatley (R9) says the Virgin Islands (VI), as part of diversifying its business services and sectors, will be looking to tap into the African business market, starting with South Africa as a new prospect.

October 10th, 2019
VI Hurricane Recovery Framework for next 'convenient' HoA Sitting

ROAD TOWN, Tortola, VI - The Virgin Islands Cabinet, having established a Borrowing Committee to oversee loans taken under the United Kingdom (UK) Loan Guarantee, will be moving to make public the territory's revised Recovery to Development Plan for 2019-2023, which will serve as the framework to guide the territory’s recovery to development.

September 30th, 2019
Late payments for some Public Officers

ROAD TOWN, Tortola, VI - Some Public Servants in the Virgin Islands (VI) have not been paid at the end of September 2019, as a result of upgrades to the enterprise and accounting software being utilised by the government.

September 1st, 2019
Banking facility to be restored on VG in October

ROAD TOWN, Tortola, VI - Originally scheduled for an August 2019 opening, residents and other persons on Virgin Gorda will have to wait until October of 2019, for access to much needed banking facilities via Banco Popular, following some setbacks.

August 5th, 2019
‘Gov’t can’t account for uncollected revenues’- Premier Fahie

ROAD TOWN, Tortola, VI – Premier and Minister of Finance, Hon Andrew A. Fahie (R1) has revealed that the Ministry of Finance is unable to account for the territory’s uncollected revenues brought forward from previous years as a result of an error with the current accounting software at his Ministry.

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