News
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.
Companies not paying NHI should 'stop taking it out pay cheques' - Hon Turnbull
DUFF'S BOTTOM, Tortola, VI - Calling for the National Health Insurance (NHI) programme, controversially implemented in 2016, to be funded properly for it to work for the people of the Virgin Islands (VI), Second District Representative and Opposition Member, Honourable Melvin M. Turnbull said some local companies continue to deduct monies from employees' salaries; however, they do not pay over the funds.
‘Water & Sewerage a disaster’- Hon Mark H. Vanterpool
ROAD TOWN, Tortola, VI- Opposition member Honourable Mark H. Vanterpool (R4) has lamented the massive disparity between the revenue and expenditure of the Water and Sewerage Department (W&SD) and is calling for it to be governed by a statutory body.
‘We are not going to make people high’ on marijuana- Premier Fahie
ROAD TOWN, Tortola, VI- Premier and Minister of Finance, Honourable Andrew A. Fahie (R1) has dispelled the notion that tapping into the medical marijuana industry would negatively affect the Territory’s vulnerable residents.
USVI Governor wants to legalise marijuana to raise urgently needed funds
VI CONSORTIUM
CHRISTIANSTED, St Croix, USVI - Governor Albert Bryan Jr believes legalising marijuana for recreational use in the US Virgin Islands (USVI) could provide enough funding to save the Government Employees’ Retirement System (G.E.R.S), the beleaguered, government-run pension plan that is on life support and is projected to collapse in a few years.
VI to begin establishing medicinal marijuana industry in 2020
ROAD TOWN, Tortola, VI- After years of the Territory toying with the idea, Premier and Minister of Finance Hon Andrew A. Fahie (R1) has announced plans to begin establishing a medicinal marijuana industry in 2020.
$414M Budget for 2020 announced; No new tax measures!
ROAD TOWN, Tortola, VI- The Virgin Islands Party (VIP) Government that swept to power at the February 25, 2019 general elections has announced a 2020 Budget of $414,008,611 under the theme ‘Transformation for resilience and sustainability: SMART strategies, Empowered People, and Green Development’.
Gov't exploring medical marijuana as 'revenue generator'- Dr Pickering
ROAD TOWN, Tortola, VI – The controversial topic about whether the Virgin Islands (VI) should legalise marijuana came to the fore during the House of Assembly (HoA) on Thursday, March 8, 2018 when Dr The Honourable Kedrick D. Pickering (R7), Deputy Premier and Minister for Natural Resources and Labour, stated that the government is looking into medical marijuana as a possible revenue for the VI.
'BVIslander must be at the forefront of revenue initiatives' - Winston E. Nibbs
ROAD TOWN, Tortola, VI - Arguing that the Recovery and Development Plan put forward by the government lacks "bold, new initiatives" to generate revenues to repay the loans, former Permanent Secretary, Mr Julian Willock proposed four revenue driven ideas that can assist with the repayment of these loans.
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