News
VI businesses urged to pass on benefits from reduced import duties to consumers
ROAD TOWN, Tortola, VI- While the Government of the Virgin Islands has announced tax cuts on the importation of various goods and services, including fuel, building materials and food, it has also urged businesses to pass on those benefits to consumers.
Fuel import duty to reduce by 50%; Customs duty on all goods to reduce to 5%- Premier
ROAD TOWN, Tortola, VI- Residents of the Virgin Islands are set to benefit from another round of economic stimulus, this time it will be on customs and fuel import duties, Premier and Minister for Finance Hon. Andrew A. Fahie (R1) has said.
Grant from SSB subject to 'rigorous checks & balances' including by SSB- Premier
CAPPOON’S BAY, Tortola, VI- The $40 million granted injected into the Government’s Economic Stimulus Plan by Social Security Board (SSB) has come under scrutiny fueled by rumours pedalled mostly by sworn critics of the Virgin Islands Party (VIP) administration; however, the grant is subject to rigorous checks and balances including by SSB to ensure there is no deviation from the agreement or abuse of funds.
Premier blasts Governor for ‘reckless’ statements on ‘purely allegations’
ROAD TOWN, Tortola, VI- The Controversial outgoing unelected Governor Augustus J. U. Jaspert is again making the headlines for careless and insensitive public utterances.
Food operators must sign declaration $$ will be used for intended purpose- Hon Fahie
ROAD TOWN, Tortola, VI- Premier and Minister for Finance, Honourable Andrew A. Fahie (R1) said the 10 food operators who will benefit from a grant from the United Nations Development Programme (UNDP) will be required to sign a declaration that the funds will be used for the intended purpose.
Fahie-led Gov't announces 3 months amnesty on electricity bills
ROAD TOWN, Tortola, VI- As the Virgin Islands Party (VIP) Government continues to roll out its economic stimulus package in a calculated way, it has now announced it is collaborating with the BVI Electricity Corporation (BVIEC) to offer a 3-month amnesty on electricity bills for 'qualifying' persons individuals and businesses.
Small parts of Economic Response Plan already in motion- Premier Fahie
ROAD TOWN, Tortola, VI- Even as Government has announced it will be meeting this week to "firm up" the economic response plan that has already been approved in principle by Cabinet, “with some tedious details being worked out,” parts of the plan have already been revealed to the public and some are already visibly in motion.
Borrow from home or abroad?
Dickson Igwe
Governments, even micro administrations of tiny jurisdictions, have the ability to raise finance, to an exponentially greater degree than individuals and small businesses.
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