News
Money Matters BVI launches 4th annual Piggy Bank Pageant
ROAD TOWN, Tortola, VI – Money Matter VI (MMBVI), the financial literacy function at the BVI Financial Services Commission, has announced the launch of its fourth annual Piggy Bank Pageant (PBP) in the Virgin Islands.
VI Deposit Insurance Corporation launched to usher in new era of Financial Security
ROAD TOWN, Tortola, VI - The Ministry of Finance has announced the establishment of the Virgin Islands Deposit Insurance Corporation (VIDIC), a crucial step towards enhancing financial security for depositors within the Territory of the Virgin Islands.
VI's position on PARBO will continue to meet human rights obligations - Gov't
ROAD TOWN, Tortola, VI – While British Overseas Territories (OTs) and Crown Dependencies including the [British] Virgin Islands (VI) have previously committed to the implementation of publicly accessible registers of beneficial ownership, commonly referred to as PARBO, the Virgin Islands has taken a new position based on a recent decision by the European Court of Justice.
VIP Gov’t forecasting increased revenue from taxes in 2024
ROAD TOWN, Tortola, VI– The Government of the Virgin Islands (VI) is forecasting an overall revenue increase from its government services and taxes by $5.65 million over 2023 revenues to $382.67 million in 2024.
Some 60% VI public servants considered ‘working poor’- Premier Wheatley
ROAD TOWN, Tortola, VI– An adjustment of the Virgin Islands (VI) minimum wage is underway to improve wages for persons specifically in the public service, referred to as the ‘working poor” in the territory by the Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7), in his 2024 Budget Speech delivered on November 21, 2023.
Youth & Capital
Dickson C. Igwe
The story of capital and social inequality offers the assertion that in a world ruled by capital, it is imperative young Virgin Islanders and residents understand economics and finance.
VI Gov’t takes steps toward public debt reform with self-assessment
ROAD TOWN, Tortola, VI - The Government of the Virgin Islands (VI) has undertaken a Debt Management Self-Assessment to evaluate the various processes and institutions currently in place to guide public debt activities as facilitated by the Commonwealth Secretariat’s Debt Management Unit from September 18 to 29, 2023, and spanned the full gamut of government debt management functions.
‘Glamour FX Trade Ltd’ falsely purporting to have license in VI- FSC
PASEA ESTATE, Tortola, VI - The BVI’s Financial Services Commission (FSC) in a September 22, 2023, public statement said that in order to protect the customers, creditors, or persons who may have been solicited to conduct business by GLAMOURFXTRADE, or Glamour FX Trade Ltd., as well as to bring awareness to the public; has noted that the entity has never been licensed or regulated by the FSC to carry on any type of financial services business in the Virgin Islands.
FSC reverses media censorship policy for upcoming forum
PASEA ESTATE, Tortola, VI – Following criticisms over media censorship as reported by Virgin Islands News Online (VINO), the BVI Financial Services Commission (FSC) has announced a reversal of its media censorship policy for the Meet the Regulator Forum slated for October 3, 2023.
OTs to discuss more flexibility of fiscal frameworks @ next JMC 2023– Premier Wheatley
BAUGHERS BAY, Tortola, VI– Governments of British Overseas Territories (OTs) are looking for more flexibility in fiscal frameworks and accessing financing in order to mitigate risks should a disaster related to climate change strike, according to Virgin Islands Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7).