News
VI doing 'very well' but some not positioning themselves for success– Premier
ROAD TOWN, Tortola, VI– Virgin Islands (VI) Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) has called on [British] Virgin Islanders to position themselves to be able to benefit from the territory's growing tourism economy.
Hon Penn slams Gov’t over unspent budgeted monies
ROAD TOWN, Tortola, VI – Opposition Member Hon Marlon A. Penn (R8) has slammed the Dr the Hon Natalio D. Wheatley (R7) led government over unspent budgeted monies that have returned to the treasury rather than being pushed into economic development in the [British] Virgin Islands.
Willock expresses disappointment in racetrack saga; Wants matter resolved
SEA COWS BAY, Tortola, VI- Former Speaker of the House of Assembly (HoA) Mr Julian Willock has again expressed his disappointment in the continued standoff between the Government of the Virgin Islands and the Thomas family over a lease agreement for lands at Ellis Thomas Downs in Sea Cows Bay.
UK @ risk of recession after economy shrinks
LONDON, United Kingdom- The United Kingdom (UK), ‘the mother country’, is at risk of recession after revised figures showed the economy shrank between July and September.
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.
The Capital Mix
Dickson C. Igwe
The story on capital in the series asks a question relevant to the layperson in economics: What mix of scarce resources best fits in with the outcome and vision of an investor, policy maker, or even a consumer looking at starting a business? That is key to why the creative management of capital is vital for prosperity.
Opposition proposes gov’t borrows to tackle infrastructure, slow economy & crime
ROAD TOWN, Tortola, VI– Leader of the Opposition Hon Ronnie W. Skelton (AL), on behalf of the Members of the Opposition, has proposed the Government and Opposition work together to find ways to address economic and other challenges affecting the people of the Virgin Islands, including borrowing money to fix infrastructure.
VI in a ‘hallmark of sheer anxiety’ over recent events- Hon Penn
EAST END, Tortola, VI - Minister for Health and Social Development under the Unity Government, Hon Marlon A. Penn (R8) has kicked off his 2023 elections campaign pitch with a letter to the East End/Long Look community, promising to continue representing the district and the Virgin Islands, despite the unmitigated levels of anxiety being experienced by citizens.
2023 Budget passed to tune of $412M; Now with Governor for assent
DUFF’S BOTTOM, Tortola, VI - The 2023 Budget of the Virgin Islands (VI) has been passed the tune of $412,971,110, at the Ninth Sitting of the Fourth Session of the Fourth House of Assembly on December 21, 2022.