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National Bank of the Virgin Islands here or coming?
ROAD TOWN Tortola VI - Tagged as broke and quickly sinking by some residents, the National Bank of the Virgin Islands says it is now steps closer to being in a position to provide the community desired products and services.
SSB now 33% shareholder in NBVI; Makes $15M investment
ROAD TOWN, Tortola, VI- The Social Security Board (SSB) of the Virgin Islands has made an investment of $15M of taxpayers money into the National Bank of the Virgin Islands (NBVI), making it a 33% shareholder in the local bank.
The Post Disaster Economic defibrillator
Dickson Igwe
The following story is part of a series of narratives: “A STORY OF DISASTER: HURRICANE IRMA AND THE VIRGIN ISLANDS.” The proceeding narrative is on the economics of disaster. It is narrated from a layman’s perspective.
NDP Gov’t doesn’t know amount ICA will invest in Prospect Reef facility
ROAD TOWN, Tortola, VI –Premier and Minister of Finance Dr The Honourable D. Orlando Smith (AL), during a press conference held on Wednesday March 8, 2017 failed to reveal to the media how much ICA Group BVI intends to invest in the re-development of the Government owned Prospect Reef facility.
Gaming laws hindering $20M investment in horse racing- Hon Walwyn
SEA COWS BAY, Tortola, VI- Minister for Education and Culture Hon Myron V. Walwyn says a mind-set change and a discussion amongst the VI Horse Owners Association (VIHOA), along with the present laws of the territory on prohibiting gaming, are the three things standing in the way of taking the sport to the next level.
Peak Re investment strengthens NAGICO as leading Caribbean insurer
ROAD TOWN, Tortola, VI- NAGICO Holdings Limited (NAGICO), has strengthened its position as the leading insurance provider in the Caribbean with the finalisation of a 50% strategic investment from Peak Reinsurance Company Limited (Peak Re), the Hong Kong based global reinsurer.
USVI to invest over $2M in tourism for next 3 months
VI CONSORTIUM
CHARLOTTE AMALIE, St Thomas, USVI- To help strengthen the territory’s position as a premier warm weather destination and to address growing competition in the travel and tourism industry, the Department of Tourism (DOT) in the US Virgin Islands (USVI) will aggressively execute its overall marketing strategy by investing more than $2 million over the next three months to ensure the territory is a top-of-mind choice for travelers during the fall and the upcoming 2016-2017 winter season.
Premier Smith mum on ALL investors for BVI Airways!
ROAD TOWN, Tortola, VI- As the months go by more and more information is being unearthed on the controversial deal where taxpayers forked out some $7M to subsidise a once defunct BVI Airways.
BVI Airways Agreement 'guarantees' money will be repaid- Premier Smith
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr The Honourable D. Orlando Smith yesterday, April 25, 2016 reiterated that the money being made available to BVI Airways is not a grant and that it will be repaid.
Government subsidising BVI Airways from its own funds – Premier Smith
ROAD TOWN, Tortola, VI – Premier and Minister of Finance Dr The Honourable D. Orlando Smith confirmed that the Government of the VI will be making its investment of $7 million into BVI Airways from the Government coffers.
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