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Finance and Business

February 19th, 2020
Vance M. Lewis & Vincent Wattley In! as top brass of TRC Board

ROAD TOWN, Tortola, VI – Current Chief Executive Officer of the Cyril B. Romney Tortola Pier Park (TPP), Mr Vance M. Lewis, will now sit as Chairman of the Board at the Telecommunications Regulatory Commission for a period of three years with effect from February 1, 2020.

February 19th, 2020
VI must 'aggressively & assertively' expand its tourism sector- Skelton-Cline

BAUGHERS BAY, Tortola, VI - Alluding that the Virgin Islands (VI) tourism product is the one thing from the Territory that cannot be outsourced, ZBVI 780am 'Honestly Speaking' moderator, Mr Claude O. Skelton-Cline has challenged the government and authorities to embark on an extensive expansion of the Territory's tourism product.

February 19th, 2020
Nibbs Ghut drainage improvements completed

SEA COWS BAY, Tortola, VI- The Virgin Islands Public Works Department officially received two completed drainage improvement structures in Nibbs Ghut, Sea Cows Bay earlier this month.

February 19th, 2020
G. Navarro Donovan reassigned to Wickham’s Cay Dev. Authority

ROAD TOWN, Tortola, VI- After being relieved from the position of Acting Director of Public Works, Mr G. Navarro Donovan has now been reassigned to the City Manager and Wickham’s Cay Development Authority.

February 19th, 2020
VI now a fully compliant jurisdiction under EU tax laws

ROAD TOWN, Tortola, VI - The [British] Virgin Islands has now been recognised as a fully compliant jurisdiction for tax purposes under the European Union (EU) having previously been placed on "Annexe ll" of the EU's list while they monitored the Territory’s compliance in matters related to economic substance.

February 18th, 2020
‘We are chasing’ after $$ while agriculture suffers- Hon Turnbull

CANE GARDEN BAY, Tortola, VI- Member of the Opposition Honourable Melvin M. Turnbull (R2) is questioning whether the ruling government is serious about agriculture in the Virgin Islands since residents are reportedly building concrete apartments on farm lands at Paraquita Bay, Tortola.

February 17th, 2020
VI consuming $26.16M in fossil fuel per year- Premier Fahie

ROAD TOWN, Tortola, VI - With a consumption of approximately one million gallons of fossil fuel per month, the Virgin Islands (VI) is burning $2.18 million in fossil fuel per month at base cost, which works out to roughly $26.16 million per year, and $130.8 million over five years, according to Premier and Minister of Finance, Hon Andrew A. Fahie (R1).

February 17th, 2020
USVI willing to collaborate with VI to promote agriculture

ESTATE LOWER LOVE, St Croix, USVI- Commissioner of Agriculture in the US Virgin Islands (USVI), Mr Positive T. A. Nelson, who headed this year's Agriculture and Food Fair on St Croix, has said a collaboration of the the USVI and Virgin Islands (VI) can play a major role in promoting ‘growing more locally’.

February 16th, 2020
Financial & Insurance Companies failing Virgin Islanders - Skelton-Cline

BAUGHERS BAY, Tortola, VI - Calling for a 'safety net' to protect Virgin Islanders, ZBVI 780am 'Honestly Speaking' radio host, Mr Claude O. Skelton-Cline says the lack of competition in the financial and insurance industries is making the Virgin Islands an expensive place to live.

February 13th, 2020
Less penalty time, more storage costs for containers sitting @ BVIPA facilities

ROAD TOWN, Tortola, VI - Importers and owners of containers who utilise the services of the BVI Ports Authority (BVIPA) will soon find themselves paying more if containers are not cleared swiftly at the facility in Port Purcell.

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