Finance and Business
No timeline for airport Business Case disclosure- Premier
ROAD TOWN, Tortola, VI- Premier and Minister of Finance, Dr the Honourable Natalio D. Wheatley (R7), has admitted that he is currently unable to say when the Business Case for the proposed expansion of the Terrance B. Lettsome International Airport will be brought before Cabinet or made public.
VG Bayside Blazers present championship trophy to Biras Creek Resort
NORTH SOUND, Virgin Gorda, VI- While others are playing rematch, there is still only one championship team in the recently concluded Kings of the Courts Caribbean Championship 2025 held in the Virgin Islands (Tortola) from May 14 to 18, 2025.
Fish processing component dropped from Paraquita Bay project- Premier
ROAD TOWN, Tortola, VI— The fish processing element of the Government’s proposed food processing plant at Paraquita Bay has officially been removed from the project scope due to budgetary constraints, according to Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7).
Hon Smith lambasted local tabloid for its usual misleading reporting!
ROAD TOWN, Tortola, VI- In about three articles on the closure of Bank of Asia (BVI) Ltd., local tabloid owner Cindy R. Rosan via her Guavaberry media Facebook page is at it again.
CIBC donated $2.5K to BVIDA
ROAD TOWN, Tortola, VI- In efforts to reaffirm its commitment to supporting community health initiatives, CIBC Caribbean presented the BVI Diabetes Association (BVIDA) with a $2,500 donation during its Staff Appreciation Week.
Only $10M drawn from $100M loan facility—Premier Wheatley confirms
ROAD TOWN, Tortola, VI- Premier and Minister of Finance, Dr the Honourable Natalio D. Wheatley (R7), has confirmed that only $10 million of the much-discussed $100 million loan facility signed with the CIBC First Caribbean Bank (Cayman) Limited has been drawn down to date.
Premier Wheatley refutes alleged gov’t complacency w Bank of Asia (BVI) Limited
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr the Hon Natalio D. Wheatley (R7) has come out to clarify allegations surrounding the closure of the Bank of Asia (BVI) Limited.
Gov’t owes millions to vendors; Delays unacceptable- Hon Penn
ROAD TOWN, Tortola, VI— A heated exchange erupted in the House of Assembly (HoA) on June 5, 2025, as Opposition Member Honourable Marlon A. Penn (R8) raised the alarm over a ballooning fiscal deficit and the government's mounting unpaid bills to vendors, questioning whether the Premier and Minister of Finance, Dr the Honourable Natalio D. Wheatley (R7), is taking the situation seriously enough.
VI Gov’t has $5M in failed Bank of Asia (BVI) Ltd
ROAD TOWN, Tortola, VI- The Government of the Virgin Islands, as of April 30, 2025, had five million, thirty-five thousand, nine hundred and forty-seven dollars in the now failed Bank of Asia (BVI) Limited.
Closure of BVIPA offices & warehouses in observance of Whit Monday
PORT PURCELL, Tortola, VI – The British Virgin Islands Ports Authority (BVIPA) would like to inform the public that in observance of Whit Monday, the offices and warehouses on Tortola and Virgin Gorda will be closed to the public on Monday, 9 June 2025.
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