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Finance/Business

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February 2nd, 2012
Delta Petroleum assures VI of “world market” fuel prices

ROAD TOWN, Tortola, VI – Regional General Manager of Delta Petroleum Bevis Sylvester is assuring the Virgin Islands public that the closing of the Hovensa Oil Refinery in St. Croix will not impact its distribution of fuel and prices in the Territory as the company is actively in negotiations with other refineries and will maintain world market prices.

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February 1st, 2012
Effective February 1: Import duties reduced!

ROAD TOWN, Tortola, VI – Effective today Wednesday February 1, 2012, persons importing goods into the Territory will see a reduction in their duty charges as they will only be required to pay duty on free on board costs as opposed to the previous practice of paying on cost, insurance and freight.

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January 31st, 2012
No “immediate” impact expected on fuel price or electric bill from Hovensa closing

ROAD TOWN, Tortola, VI – Customers can breathe a sigh of relief for the next five months, as assurances have been given from the BVI Electricity Corporation that their utility charges will not fluctuate based on the closing of the Hovensa Oil Refinery in St. Croix while fuel prices at the pumps is also expected to remain the same during that period.

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January 30th, 2012
ICWI joins the insurance bandwagon in the VI!

ROAD TOWN, Tortola, VI – With the reputation of providing comprehensive and reliable insurance to their clients throughout the Caribbean, the Insurance Company of the West Indies Limited (ICWI) has now partnered with Alphonso Warner Insurance Agency to introduce its services to the Virgin Islands (VI).

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January 26th, 2012
Virgin Islands News Online launches mobile version of site

ROAD TOWN, Tortola, VI – Today, Thursday January 26, 2012, the now number one news site in the VI, Virgin Islands News Online, launched its mobile site. This means that its over seven thousand readers per day have another option of getting unto the website.

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January 24th, 2012
Sugar Mill Hotel wins prestigious Bloomberg Award in London

ROAD TOWN, Tortola, VI- Last week, Wednesday, the Sugar Mill Hotel of Tortola won the prestigious International Hotel Award (IHA) for best Small Hotel in the Caribbean.

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January 18th, 2012
ECSC hears arguments in $1.45 billion Madoff-related litigation in VI

ROAD TOWN, Tortola, VI – According to a Harneys press release, the Court of Appeal of the Eastern Caribbean Supreme Court sitting in the Virgin Islands yesterday January 17, 2012 began hearing arguments in the greatly anticipated appeals involving claims brought by the liquidators of Fairfield Sentry Limited (“Fairfield”).

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January 18th, 2012
$13M for capital projects will affect sluggish economy – Christopher

ROAD TOWN, Tortola, VI – Describing the budget as a survivable one, 2nd district representative Hon. Alvin Christopher is a bit worried that Government is putting too much money into the reserve fund too soon when there are capital projects outstanding to improve the lives of residents.

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January 16th, 2012
“Wellness Warriors” launch fight for a healthy VI

ROAD TOWN, Tortola, VI – A small group of young Virgin Islanders have formed a movement to promote health and wellness in the Virgin Islands by introducing a product called Zrii that is expected help persons lose weight and develop overall wellness while offering incentives for those who have achieved their weight loss goals and opportunities to make money through the network marketing business.

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January 12th, 2012
VI ranks #3 in London AIM listed firms!

ROAD TOWN, Tortola, VI – Amidst all the “doom and gloom” of the Virgin Islands’ financial stability, the Territory is ranked number three as a domicile of choice for companies listed on London’s Alternative Investment Market (AIM).

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