News
Banking facility to be restored on VG in October
ROAD TOWN, Tortola, VI - Originally scheduled for an August 2019 opening, residents and other persons on Virgin Gorda will have to wait until October of 2019, for access to much needed banking facilities via Banco Popular, following some setbacks.
‘Gov’t can’t account for uncollected revenues’- Premier Fahie
ROAD TOWN, Tortola, VI – Premier and Minister of Finance, Hon Andrew A. Fahie (R1) has revealed that the Ministry of Finance is unable to account for the territory’s uncollected revenues brought forward from previous years as a result of an error with the current accounting software at his Ministry.
Hon Penn blasts Premier; Says Consumer Protection failed before NDP
ROAD TOWN, Tortola, VI – Following comments from Premier and Minister of Finance, Hon Andrew A. Fahie (R1) that VI’s Consumer Protection Bill had been thirty years in the making, having failed under the National Democratic Party (NDP), Opposition Leader Hon Marlon A. Penn (R8) has fired back saying that the NDP was not in power 30 years ago.
Filing deadline extended for reporting financial institutions
ROAD TOWN, Tortola, VI - Virgin Islands Financial Institutions (VIFIs) are notified that the filing deadline for US FATCA and Common Reporting Standards for the 2018 reporting financial year has been extended to Wednesday, July 31, 2019.
Gov’t looking into cryptocurrency & tourism to boost economy
ROAD TOWN, Tortola, VI – With just over three months at the helm of Government, Premier and Minister of Finance, Hon Andrew A. Fahie (R1) says the Virgin Islands Party (VIP) has been charting a good course for where they want the territory to go, however, with that, he noted that the administration has noticed an attack on the Virgin Islands (VI) financial services sector from an international perspective.
VI accounts reportedly affected in FirstBank 'security breach'
ROAD TOWN, Tortola, VI – With reports that the FirstBank branch in neighbouring United States Virgin Islands (USVI) has been cancelling debit cards of account holders, following an external security breach, Virgin Islands News Online (VINO) understands that some accounts in the Virgin Islands (BVI) have also been affected.
The Economics Dichotomy
By Dickson C. Igwe
In pursuing and realizing a vision for the Virgin Islands, policymakers must understand a key divergence in economic thinking.
Finally! VI to get its Consumer Protection Bill
ROAD TOWN, Town, VI - Premier and Minister of Finance, Hon Andrew A. Fahie (R1), says the Consumer Protection Bill for the territory is on the way having been passed in Cabinet and drafted in collaboration with Opposition Leader, Hon Marlon A. Penn (R8).
HoA details steps for passing Budget 2019
ROAD TOWN, Tortola, VI – Following the presentation of the Budget 2019 by Premier and Minister of Finance, Hon Andrew A. Fahie (R1), many citizens of the Virgin Islands (VI) are at lost as to what procedure must then be followed for the budget to passed.
Hon Wheatley wants frugal spending on Festivals
ROAD TOWN, Tortola, VI – With the Virgin Islands Festival and Fairs Committee (BVIF&FC) some $300K in debt as accumulated under the Dr D. Orlando Smith led National Democratic Party (NDP) government, the committee is looking to spend this year’s $710k budget as frugal and as wisely as possible given the current rebuilding atmosphere in the Virgin Islands (VI).
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