News
Opposition lays down 'COVID-19 Strategic Economic Recovery Plan'
ROAD TOWN, Tortola, VI - Leader of Her Majesty's Loyal Opposition Hon Marlon A. Penn (R8), on behalf of Opposition Members Hon Julian Fraser RA (R3), Hon Mark H. Vanterpool (R4) and Hon Melvin M. Turnbull (R2), has released to the media a detailed economic recovery plan for the Territory, which it also plans to disseminate to the general public in the coming days.
Opposition slams 7% fee on money transfers
DUFFS BOTTOM, Tortola, VI – Having its First, Second and Third Readings at the Friday, April 17, 2020, Seventh Sitting of the Second session of the Fourth House of Assembly (HoA), the 'Financing and Money Services (Amendment) Act, 2020' has now been passed amidst brutal Opposition criticism.
Cabinet approves more $$$ for Economic Substance Legislation
ROAD TOWN, Tortola, VI – The Virgin Islands Cabinet has approved an additional $150, 000 towards Economic Substance Legislation as the government makes moves to put itself in good standing with European Union (EU) requirements as an offshore financial services jurisdiction.
Stipend increase for Directors of Ports & Tourist Boards
ROAD TOWN, Tortola, VI- Cabinet of the Virgin Islands has approved a stipend increase for the Directors of the Boards governing the British Virgin Islands Ports Authority (BVIPA) and the BVI Tourist Board (BVITB).
Brexit & Offshore Finance
By Dickson C. Igwe
Brexit will be a boon to the offshore finance industry in the short term, at least
Will Brexit be advantageous to offshore finance? The answer could well be yes.
The European Union is pro-regulation of offshore finance for obvious reasons. The EU is much less of a deregulated economy than a Post Brexit UK is likely to become.
Wade N. Smith now Acting Director @ FIA
ROAD TOWN, Tortola, VI - Former Commissioner of Customs and Progressive Virgin Islands Movement (PVIM) District 5 candidate in the 2019 General Elections of the Virgin Islands, Mr Wade N. Smith, is now Acting Director at the Financial Investigation Agency (FIA).
'I shouldn't be helping the Gov't, but I got to'- Hon Turnbull tells HoA
ROAD TOWN, Tortola, VI - When the Eleventh Sitting of the First Session of the Fourth House of Assembly (HoA) of the Virgin Islands commenced on Thursday, October 17, 2019, at the HoA Chambers in Road Town, Tortola, legislators were already primed for what would be a long day of proceedings.
VI looking to tap into African business market - Hon Wheatley
BAUGHERS BAY, Tortola, VI - Deputy Premier and Minister for Natural Resources, Labour and Immigration, Hon Vincent O. Wheatley (R9) says the Virgin Islands (VI), as part of diversifying its business services and sectors, will be looking to tap into the African business market, starting with South Africa as a new prospect.
VI Hurricane Recovery Framework for next 'convenient' HoA Sitting
ROAD TOWN, Tortola, VI - The Virgin Islands Cabinet, having established a Borrowing Committee to oversee loans taken under the United Kingdom (UK) Loan Guarantee, will be moving to make public the territory's revised Recovery to Development Plan for 2019-2023, which will serve as the framework to guide the territory’s recovery to development.
Late payments for some Public Officers
ROAD TOWN, Tortola, VI - Some Public Servants in the Virgin Islands (VI) have not been paid at the end of September 2019, as a result of upgrades to the enterprise and accounting software being utilised by the government.
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