Finance and Business
'I don't like to see people fired but...'- Premier Fahie on public service
ROAD TOWN, Tortola, VI- With an already bloated civil service that devours a major portion of recurrent expenses, Premier and Minister of Finance, Honourable Andrew A. Fahie (R1) has said he is unwilling to unnecessarily increase the public service, a stance he said may gain him some unpopularity.
Another Christmas in ‘far from ideal conditions’- Gov Jaspert
ROAD TOWN, Tortola, VI- It appears His Excellency Governor Augustus J.U Jaspert is not too impressed by the state of recovery since the 2017 hurricanes destroyed the Virgin Islands.
Hon Vanterpool wants elected Reps to stop assisting persons financially
ROAD TOWN, Tortola, VI- Opposition legislator Honourable Mark H. Vanterpool (R4) has called for the $10,000 per month given to each District Representative to assist constituents, be instead channelled to the Social Development Department in the Ministry of Health.
Gov't rubbishes claims of developing a new digital currency
ROAD TOWN, Tortola, VI - The Virgin Islands Government has shut down claims that it is developing a new digital currency called 'BVI~LIFE' through a partnership with blockchain startup LifeLabs, as reported by some local and international media agencies.
VI & Airbnb ink Hotel Accommodation Tax agreement
ROAD TOWN, Tortola, VI - The Virgin Islands (VI) and booking service Airbnb have official inked agreements for the voluntary collection of the Hotel Accommodation Tax on transient occupancy.
The Thrift Paradox
By Dickson C. Igwe
There are two types of player in the market economy: the producer and the consumer. Producers and consumers can be further described as savers and spenders; and lenders and borrowers. This is an important dichotomy of the marketplace.
'Govt’s goal is to have 60% renewable energy by 2030'- Premier Fahie
ROAD TOWN, Tortola VI - With Anegada on track to have the first Hybrid Renewable Energy System under the state-owned BVI Electricity Corporation (BVIEC), Premier and Minister of Finance, Hon Andrew A. Fahie (R1) says the aim of his government is to accelerate Green Development in the territory.
NAGICO receives prestigious BVI Finance ‘Insurance Agency of the Year’ Award
ROAD TOWN, Tortola, VI- NAGICO Insurances has been recognised for its continued exemplary service by winning the BVI Finance’s Insurance Agency of the Year Award which celebrates the vital role played by the company in the financial services industry and the wider Virgin Islands community.
28 companies visit site for Anegada Hybrid Renewable Energy Project
THE SETTLEMENT, Anegada, VI- Representatives of 28 companies, from as far as Spain and the United Kingdom (UK), travelled to Anegada for a site visit with the BVI Electricity Corporation (BVIEC) on Wednesday, December 11, 2019 as the territory moves closer to installing the first Hybrid Renewable Energy system under the state-owned corporation.
UPDATE: 2020 Budget Debate rescheduled to Friday, Dec 13, 2019
ROAD TOWN, Tortola, VI – The 2020 budget debate scheduled for today, December 12, 2019, has been rescheduled to tomorrow, Friday, December 13, 2019.
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