News
FSC has commenced investigation on Panama Papers allegations! - Premier Smith
ROAD TOWN, Tortola, VI – Premier and Minister of Finance Dr The Honourable D. Orlando Smith today April 8, 2016 announced that the Financial Services Commission (FSC) has commenced an investigation into the Panama Papers leak and the allegations being levelled against the Virgin Islands with regard to "dirty money" and tax evasion.
Still no Budget Address date set!
ROAD TOWN, Tortola, VI - While the Government struggles to pay its bills, some statutory Government bodies are complaining about not receiving timely Government contributions via subventions, resulting in late payments to workers, no transparency in terms of the Government’s accurate balance sheets, the National Democratic Party (NDP) Administration is yet to announce a 2016 Budget Address date.
Premier Smith can't recall speaking of having $90m in bank!
ROAD TOWN, Tortola, VI – Is it a case of amnesia or the side effects of elections fever that would cause Premier Dr The Honourable D. Orlando Smith not to recall speaking about the sum of $90 million in the bank during the 2015 elections campaign just six months ago?
VI remains on France's Blacklist
ROAD TOWN, Tortola, VI – Financial Secretary Neil M. Smith said that France is pleased with the Virgin Islands on a technical level but work still needs to be done to get the territory off the blacklist imposed in late 2013.
Premier Smith throws FS Neil M. Smith under the bus!
ROAD TOWN, Tortola, VI- The recent statement by Premier Dr The Honourable D. Orlando Smith that his administration has been unable to produce audited accounts to the House of Assembly for the last three years because the former Virgin Islands Party (VIP) allegedly failed to practice proper accounting standards has been termed an indictment on the Financial Secretary Mr Neil M. Smith and former Premier and Minister of Finance Hon Ralph T. O’Neal OBE by senior VIP member Hon Andrew A. Fahie (R1).
No lights to see mail boxes @ Road Town Post Office
ROAD TOWN, Tortola, VI- It has been that way for almost a year under the National Democratic Party (NDP) and no one has taken action. The situation exists whereby the mail boxes located inside the old Post Office in Road Town can only be accessed in the day unless one walks with a flashlight at nights.
CIBC First Caribbean now charges non-customers $5 to cash cheques
ROAD TOWN, Tortola, VI – CIBC First Caribbean International Bank has instituted a service charge of $5.00 for every cheque that they cash once that person does not have an account at that bank and the Government is said to be investigating this.
Delta Petroleum to file Contempt of Court against NDP Government
ROAD TOWN, Tortola, VI - After Delta Petroleum Regional General Manager Bevis A. Sylvester a few days ago described the Dr. Smith Administration as reckless and having no regards for law and order by disobeying a Court Order to pay oil giant Delta Petroleum (Caribbean) Ltd., the proceeds from the sale of Delta Petroleum seized products which amounts to approximately some $700,000, it’s this news site’s understanding from its sources within the Judicial branch that things have begun to heat up.
Poor Port Dev. tender process cost taxpayers over $1.7 M!
ROAD TOWN, Tortola, VI - While some will want the House of Assembly’s Public Accounts Committee’s (PAC) damaging report on the Ports Development Project to go away, the more one reads the report the more the testimony of public officers show corruption, conflict of interest and lack of transparency.
15M EU funded project has no political ties – FS Neil M. Smith
ROAD TOWN, Tortola, VI – Financial Secretary of the Virgin Islands Mr Neil M. Smith sought to place on the record that the 15M Euro provided by the European Union which will be managed in the Virgin Islands (VI) has no government ties.
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