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News

January 19th, 2018
New privately owned asphalt plant arrives in VI

ROAD TOWN, Tortola, VI- The Government of the day has not had a working asphalt plant for paving of roads for well over three years. The one they purchased under the current Government, with Chinese specifications, broke down and still has not been repaired.

January 15th, 2018
‘I want my $7M back’- Shaina M. Smith

ROAD TOWN, Tortola, VI- With the National Democratic Party Government allotting a third of the total hurricane recovery funds, approximately 250 million, to the airport expansion project, many are again wondering what happened to the $7.2M of tax payers’ money already invested in BVI Airways for direct flights from Miami in the United States of America (US) to the Virgin Islands (VI).

January 8th, 2018
New 24-hour gas station & convenience store by April for Sea Cows Bay

SEA COWS BAY, Tortola, VI- It started before Hurricanes Irma and Maria destroyed the Virgin Islands (VI) in September of 2017 and while there was a pause in works immediately after the killer storms, construction is full speed ahead once again.

December 20th, 2017
National Bank of the Virgin Islands here or coming?

ROAD TOWN Tortola VI - Tagged as broke and quickly sinking by some residents, the National Bank of the Virgin Islands says it is now steps closer to being in a position to provide the community desired products and services.

December 19th, 2017
SSB now 33% shareholder in NBVI; Makes $15M investment

ROAD TOWN, Tortola, VI- The Social Security Board (SSB) of the Virgin Islands has made an investment of $15M of taxpayers money into the National Bank of the Virgin Islands (NBVI), making it a 33% shareholder in the local bank.

November 4th, 2017
The Post Disaster Economic defibrillator

Dickson Igwe

The following story is part of a series of narratives: “A STORY OF DISASTER: HURRICANE IRMA AND THE VIRGIN ISLANDS.” The proceeding narrative is on the economics of disaster. It is narrated from a layman’s perspective.

March 11th, 2017
NDP Gov’t doesn’t know amount ICA will invest in Prospect Reef facility

ROAD TOWN, Tortola, VI –Premier and Minister of Finance Dr The Honourable D. Orlando Smith (AL), during a press conference held on Wednesday March 8, 2017 failed to reveal to the media how much ICA Group BVI intends to invest in the re-development of the Government owned Prospect Reef facility.

November 14th, 2016
Gaming laws hindering $20M investment in horse racing- Hon Walwyn

SEA COWS BAY, Tortola, VI- Minister for Education and Culture Hon Myron V. Walwyn says a mind-set change and a discussion amongst the VI Horse Owners Association (VIHOA), along with the present laws of the territory on prohibiting gaming, are the three things standing in the way of taking the sport to the next level.

September 13th, 2016
Peak Re investment strengthens NAGICO as leading Caribbean insurer

ROAD TOWN, Tortola, VI- NAGICO Holdings Limited (NAGICO), has strengthened its position as the leading insurance provider in the Caribbean with the finalisation of a 50% strategic investment from Peak Reinsurance Company Limited (Peak Re), the Hong Kong based global reinsurer.

September 4th, 2016
USVI to invest over $2M in tourism for next 3 months

VI CONSORTIUM

CHARLOTTE AMALIE, St Thomas, USVI- To help strengthen the territory’s position as a premier warm weather destination and to address growing competition in the travel and tourism industry, the Department of Tourism (DOT) in the US Virgin Islands (USVI) will aggressively execute its overall marketing strategy by investing more than $2 million over the next three months to ensure the territory is a top-of-mind choice for travelers during the fall and the upcoming 2016-2017 winter season.



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