Got TIPS or BREAKING NEWS? Please call 1-284-442-8000 or Email ALL news to:newsvino@outlook.com; ads call 1-284-440-6666

Premier: Economy still robust; businesses have to adjust

- says gov’t following protocols in cruise pier port project
Premier Dr The Hon. D. Orlando Smith has insisted that he is sticking to his claims that the economy is robust amidst layoffs and business closures while noting that the issue was a relative one. Photo: VINO/File
Premier Smith also felt that his government had done the right thing regarding its diligence with the Protocols for Effective Financial Management and the pending works on the Cruise Pier port development project. Image: File
Premier Smith also felt that his government had done the right thing regarding its diligence with the Protocols for Effective Financial Management and the pending works on the Cruise Pier port development project. Image: File
ROAD TOWN, Tortola, VI – Premier Dr The Hon. D. Orlando Smith has insisted that he is sticking to his claims that the economy is robust amidst layoffs and business closures while noting that the issue was a relative one.

He noted that the Territory’s GDP has decreased by some 3 percent and said if this is considered in the grand scheme of things where a neighbouring island has a reduction of 13 percent in its GDP, his position remained unchanged.

“I would still think that our economy is robust. Of course there have been some layoffs but I think that is something that happens in [other sectors] and businesses have to adjust their practices according to demand,” Premier Smith said.

He felt that the layoffs that have been happening around the Territory have not been happening to the extent that the GDP has been affected by more than the 3 percent reduction he indicated and said the GDP is what is being used as the indicator of a robust economy.

Port concerns and Protocols

Premier Smith also felt that his government had done the right thing regarding its diligence with the Protocols for Effective Financial Management and the pending works on the Cruise Pier port development project.

“We are of course following the Protocols…,” he said, “Two things which are important when you are looking at the projects that we did is to have them vetted by international specialists and so we have had an international team of lawyers who are specialists in this kind of arrangement.” He also noted that there was a professional accounting firm working along with the process.

According to the Premier, “We know that we did what was the right thing to do and we proceeded according to what was the right process in whatever the decision that was being made.”

Speaking on the length of time that the project has been taking to receive approval from the United Kingdom (UK) government as stipulated by the Protocols, the Premier said that it was indeed a process and noted that his government has been keeping the UK government aware of what progress that has been made so far so that they are in tune with what is being done.

“We are now waiting on some final details from the company involved with the pier development before we can [proceed],” he added.

Premier Smith also promised that the names of the Tortola Port Partners Group, the group selected for the cruise pier port development project, would be released soon.

A town meeting is scheduled for today, August 22, 2013 at the Maria’s By the Sea Hotel conference room with Works Minister Hon. Mark H. Vanterpool and residents of the Territory on the Environmental Impact Assessment (EIA) surrounding the cruise development project.

18 Responses to “Premier: Economy still robust; businesses have to adjust”

  • weed (22/08/2013, 08:03) Like (6) Dislike (0) Reply
    this man do not have a clue
  • Ah saw (22/08/2013, 08:56) Like (4) Dislike (0) Reply
    We in trouble with this man as a leader. Father help us.
  • Hmmm (22/08/2013, 09:17) Like (2) Dislike (0) Reply
    This man has lost all credibility he had. He should stop while we still have a little respect left for him.
  • The sizzle (22/08/2013, 09:23) Like (15) Dislike (2) Reply
    The economy must look robust to him if he raking in $100,000 a year plus allowance.. Meanwhile the rest of us eating scaps.. People still out there working for $4 an hour, when he going to address minimum wage??? Lol, The place gone to the dogs. And we the people are left holding the strain. Everything going up except your pay check. Robust you say? Home boy, you are in denial. But hey, i don't even blame um. You bvi people seem to have a shut up and take it mentality when it comes to government.. So tek tha.
    • Maxwell (22/08/2013, 10:03) Like (1) Dislike (4) Reply
      Everyone need to realize that these are hard times. You speak about raising minimum wage but are you aware that lots of small businesses on this island are struggling as we speak? Do you think it will be fair to these small businesses if Government was to go ahead and raise the minimum wage at this time? People who have jobs in today's economy should be grateful when you compare the number of persons who are desperatlely looking for work. Be thankful you have a job instead of crying about minimum wage.
      • The sizzle (23/08/2013, 09:10) Like (1) Dislike (0) Reply
        Wow.. I don't even know what to say right now, cause you sound like a real... Yuh know what... First word rhymes with class, second word... Hole... Sort Out!
    • Maxwell (22/08/2013, 13:57) Like (1) Dislike (16) Reply
      Do you think Doctor Smith is in this for the measely that are paid to politicians? The man could be making twice as much in his private medical practice. The ignorance displayed by some people is utterly amazing. I can see why there are good people who are more than capable of managing the affairs of this country who rather stay on the sidelines. Why? Because there is a large secntion off our population who will hate as long as handouts are not coming their way.
      • Pocheezy (23/08/2013, 08:58) Like (1) Dislike (0) Reply
        Ok Maxwell, You can stop Jock riding Doctor Smith now..lol Stop making excuse for these man. But i guess your bread butter on both sides So... Who feels it knows
      • The sizzle (23/08/2013, 09:22) Like (0) Dislike (0) Reply
        Hold up, the man just refered to the Money these man making as.. Measly??? lol Wow. So What about the money they Squander away, is that Measly too? Home Boy, go Slip on a Banana Peel an Hit your head on a Brick.
  • please (22/08/2013, 10:23) Like (13) Dislike (0) Reply
    The Premier & his gang wasting our money on many unnecessary & over priced consultants and projects
  • ABC (22/08/2013, 10:43) Like (4) Dislike (0) Reply
    The Premier should have held that press conference before his wife left for Hong Kong. This is a man in need of help.
  • vip (22/08/2013, 11:13) Like (6) Dislike (0) Reply
    Dr donthaveaclue at it again?
  • Hmmm (22/08/2013, 12:54) Like (4) Dislike (0) Reply
    It is not good to have this kind of poor out of touch leadership at this time. Now I see this man true colours & it ain't pretty for us all. God alone will be our help.
  • my one cent (22/08/2013, 14:44) Like (5) Dislike (0) Reply
    is doc for real? is he trying to convince himself that the economy is robust?
  • jusa asking (22/08/2013, 15:48) Like (5) Dislike (0) Reply
    What is that downkey name robust economy he ran at carrot bay.
  • Missing Link (22/08/2013, 15:51) Like (3) Dislike (0) Reply
    the problem with guys like Dr. Smith and Myron they just read whatever the speech writer gives them...which economy is robust??? set of out dated cowbirds
  • talk bing talk (23/08/2013, 13:43) Like (0) Dislike (0) Reply
    Why do I get the feeling (have had this feelings since the 2011 elections) that the many business closures, ton of layoffs, unemployment and everything being unleashed on us is because the NDP is out of touch and things everything is alright????
  • Yes (27/08/2013, 22:54) Like (0) Dislike (0) Reply
    The walking out of the house should not be taken likely its very much disrespectful and those persons needs to be discipline


Create a comment


Create a comment

Disclaimer: Virgin Islands News Online (VINO) welcomes your thoughts, feedback, views, bloggs and opinions. However, by posting a blogg you are agreeing to post comments or bloggs that are relevant to the topic, and that are not defamatory, liable, obscene, racist, abusive, sexist, anti-Semitic, threatening, hateful or an invasion of privacy. Violators may be excluded permanently from making contributions. Please view our declaimer above this article. We thank you in advance for complying with VINO's policy.

Weather


Follow Us On

Disclaimer: All comments posted on Virgin Islands News Online (VINO) are the sole views and opinions of the commentators and or bloggers and do not in anyway represent the views and opinions of the Board of Directors, Management and Staff of Virgin Islands News Online and its parent company.