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News
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.
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).
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.
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).
'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.
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.
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.
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.
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.
‘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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