News
Only $10M drawn from $100M loan facility—Premier Wheatley confirms
ROAD TOWN, Tortola, VI- Premier and Minister of Finance, Dr the Honourable Natalio D. Wheatley (R7), has confirmed that only $10 million of the much-discussed $100 million loan facility signed with the CIBC First Caribbean Bank (Cayman) Limited has been drawn down to date.
VI students in Macau on mission to bring home global knowledge in finance & tourism
MACAU, China— “The world is becoming smaller and smaller; everybody is more connected and we can help create a better-interconnected web of financial services for everybody within the region.”
Fabian S. Devonish appointed Country Head of CIBC Caribbean VI
ROAD TOWN, Tortola, VI- Mr Fabian S. Devonish was appointed Country Head of CIBC Caribbean in the Virgin Islands (VI) from December 1, 2024.
New minimum wage takes effect November 30, 2024
ROAD TOWN, Tortola, VI- The new minimum wage of $8.50 per hour for the Virgin Islands (VI) will officially come into effect on Saturday, November 30, 2024.
Lisa Ann Violet named CEO of Virgin Islands Deposit Insurance Corporation
PASEA ESTATE, Tortola, VI- Ms. Lisa Ann Violet has been named Chief Executive Officer (CEO) of the Virgin Islands Deposit Insurance Corporation (VIDIC), following the approval of the Cabinet.
VI, UK relations at critical juncture with UK elections looming- E. Benito Wheatley
NEW YORK, New York - The British Virgin Islands' relationship with the United Kingdom is at a critical juncture with the UK General Election looming on July 4, 2024, that is shift power from the ruling party to the opposition party according to Special Envoy to the Premier Mr E. Benito Wheatley.
UN Associate Members push for more financing @ SIDS4 conference
ST JOHN’S, Antigua & Barbuda - The Virgin Islands and other Associate Members of the United Nations (UN) regional commissions (ECLAC and ESCAP) have completed successful participation at the Fourth International Conference on Small Island Developing States (SIDS4) in Antigua and Barbuda that ended on May 30, 2024.
BVI Business Banking Expo set for June 6, 2024- Hon Smith
ROAD TOWN, Tortola, VI– Persons in the finance sector in the Virgin Islands (VI) can get ready for the BVI Business Banking Expo slated for June 6, 2024. The Expo is slated to bring financial institutions, the regulators, business owners, and entrepreneurs from across the territory to discuss the latest trends and innovations in banking.
Money Matters BVI launches 4th annual Piggy Bank Pageant
ROAD TOWN, Tortola, VI – Money Matter VI (MMBVI), the financial literacy function at the BVI Financial Services Commission, has announced the launch of its fourth annual Piggy Bank Pageant (PBP) in the Virgin Islands.
VI Deposit Insurance Corporation launched to usher in new era of Financial Security
ROAD TOWN, Tortola, VI - The Ministry of Finance has announced the establishment of the Virgin Islands Deposit Insurance Corporation (VIDIC), a crucial step towards enhancing financial security for depositors within the Territory of the Virgin Islands.
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