News
800 jobless, $1.8B economic decline due to USVI refinery closure
VI CONSORTIUM
FREDERIKSTED, St Croix, USVI- The closure of the Limetree Bay Refinery on St Croix's south shore is projected to result in steep annual economic declines for the US Virgin Islands (USVI), with everything from deep losses in economic activity, nearly 1,000 jobs lost, and a drop of over half a billion dollars in gross domestic product, according to a USVI Bureau of Economic Research report.
Banning cruise ships ‘a hard one’- Taxi driver
ROAD TOWN, Tortola, VI – A number of taxi operators across the Territory have admitted that government’s bold decision to ban cruise ships to the Territory for a month to combat the spread of the Novel Coronavirus (COVID-19) will hit their pockets hard; however, they have agreed it is the right decision.