News
'The next pillar is our people'- Premier Wheatley
ROAD TOWN, Tortola, VI- Builders operating in the Virgin Islands over the past weekend heard from Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7) that after Financial Services and Tourism, the people of the Virgin Islands make up the territory’s next pillar.
$40M budget gap can be bridged by legalised marijuana- USVI Gov
VI CONSORTIUM
FREDERIKSTED, St Croix, USVI- “Framing our Financial Future” is the theme of the Governor Albert A. Bryan administration's budget covering fiscal years 2023 and 2024. The budget, which was submitted to the 34th Legislature Tuesday afternoon, May 31, 2022, among other things provides $16 million for public employees' wage increases and funding for about 1,200 vacancies across all government agencies.
W&SD losing approximately $22M annually- Finance Minister
DUFF'S BOTTOM, Tortola, VI- Premier and Minister of Finance Honourable Andrew A. Fahie has bemoaned that the Water and Sewerage Department (WSD) is carrying serious deficits of more than $20 million each year; however, that will soon change.
Digicel to install state-of-the-art Wi-Fi system @ Pier Park
ROAD TOWN, Tortola, VI- Digicel and Tortola Pier Park Limited are ensuring that tourists visiting the Cyril B. Romney Tortola Pier Park will have access to world-class connectivity, thanks to a new state-of-the-art Wi-Fi system to be installed in the facility.
BVIEC spending more than earning- Info in HoA reveals
DUFF’S BOTTOM, Tortola, VI- The Virgin Islands Electricity Corporation (BVIEC) may be raking in millions per year in revenues; however, this does not mean the Corporation is any better off.
Figures being touted for medicinal marijuana industry 'totally off'- Hon Penn
BAUGHERS BAY, Tortola, VI- Opposition Leader Honourable Marlon A. Penn (R8), while claiming he is for the assenting of bills once they meet the criteria, has found another bone to pick with the Virgin Islands Party (VIP) administration, which has been on an active mission to find new revenue streams for the territory rather than continue to depend heavily on its vulnerable tourism and financial services industries.
Budget debate begins Monday, Dec 14, 2020
DUFF’S BOTTOM, Tortola, VI- The debate for the 3rd budget in 20 months for the Virgin Islands Party (VIP) Government led by Premier and Minister of Finance, Hon Andrew A. Fahie (R1) begins in the House of Assembly (HoA) on Monday, December 14, 2020.
$402M 2021 Budget announced for VI
DUFF’S BOTTOM, Tortola, VI- Under the theme, ‘INNOVATION: Building a stable, diverse, competitive economy with strong industries and partnerships for regional and international trade, by building and harnessing the creative capacity of our human capital’, Premier and Minister of Finance, Honourable Andrew A. Fahie (R1) in a 2-hour ‘budget statement’ announced a $402,123,046 2021 National Budget for the Virgin Islands, today Thursday, November 12, 2020
BVIEC still reeling from customer loss following 2017 hurricanes
ROAD TOWN, Tortola, VI- A significant number of customers of the BVI Electricity Corporation (BVIEC) are yet to be reconnected to the grid, resulting in a significant revenue loss for the power generation and distribution company.
VI financial services holding strong but it’s not all a glory story- Elise Donovan
ROAD TOWN, Tortola, VI- One of the Territory’s major revenue earners, the financial services industry has been resilient and robust during the ongoing coronavirus pandemic; however, Chief Executive Officer of BVI Finance, Ms Elise Donovan said the local industry must not get comfortable but continue to be vigilant and proactive.
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