News
Gov’t $240M in debt; @ brink of borrowing capacity- Claude O. Skelton-Cline
ROAD TOWN, Tortola, VI- It was on the Tuesday May 1, 2018 edition of the Honestly Speaking show, aired on ZBVI 780 AM, that the Leader of the Opposition and First District Representative Honourable Andrew A. Fahie and commentator Claude O. Skelton-Cline shared with listeners their views on the financial position of the Virgin Islands (VI).
‘What UK has done to us is a disgrace’- Hon Fraser
VALLEY, Virgin Gorda, VI- While many may think that the United Kingdom (UK) Government of Theresa M. May has done the Virgin Islands a huge favour by guaranteeing loans of some £300 million to help the Territory in its restoration and development following the hurricanes of September 2017, Opposition Member and Third District Representative Hon Julian Fraser RA is not buying it wholesale.
‘We are ready to march with you against Gov't'- Resident tells Hon Fraser
SEA COWS BAY, Tortola, VI - During a public meeting on Wednesday, February 21, 2018 at the Valerie O. Thomas Community Centre in Sea Cows Bay, Tortola, held by Third District Representative, Honourable Julian Fraser RA, he stated that the government does not need to borrow so much money which will put the territory in a vulnerable place.
Julian Willock explains National Lottery System as revenue stream
ROAD TOWN, Tortola, VI- Former Permanent Secretary, businessman and political aspirant Mr Julian Willock has expanded on one of four revenue initiatives he first brought to the public’s attention last month.
Struggling Puerto Rico turns to Tech & Entrepreneurialism
VI CONSORTIUM
SAN JUAN, Puerto Rico- With a debt load of over $70 billion, Puerto Rico has found itself in an unfavourable position. The island no longer controls its finances (on June 30 2016, President Barack Obama signed the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA), which created a committee — consisting of no elected Puerto Rican officials — to oversee the island’s finances).
VI broke but still no access to $25M loan/line of credit!
ROAD TOWN, Tortola, VI- With the Opposition Virgin Islands Party (VIP), the media, civil society and talk show hosts claiming that the National Democratic Party (NDP) Administration raided the Treasury in their quest to win the 2015 snap election, leaving the country broke, the status to access the recent $25 Million loan that was approved to keep the country afloat was brought to light.
Lessons from San Juan
By Dickson Igwe
Puerto Ricans are a smart, fun loving, and culturally colourful people. They are the quintessential Spanish Americans. Sociable folk, with a love for flavour filled food, music, night life, friends, and family. Puerto Rico is very much a part of the Caribbean, as it is a USA Commonwealth.
Contractors reluctant to work until paid for previous jobs - Min. Vanterpool
ROAD TOWN, Tortola, VI – The Ministry for Communications and Works is in debt to several contractors, who are now reluctant to take on any other jobs until they are paid monies owed to them, Hon. Mark Vanterpool disclosed to the House of Assembly today, Wednesday December 21, 2011.
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