News
Premier forecasts positive GDP impacts from AA’s Miami to VI service
ROAD TOWN, Tortola, VI – Virgin Islands Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) is predicting positive impacts to the territory’s GDP as a result of direct flights from Miami to the Virgin Islands to commence on June 1, 2023, by American Airlines (AA).
GDP under Fahie Gov’t ‘still commendable’ despite pandemic– Hon Vanterpool
ROAD TOWN, Tortola, VI– Veteran legislator and Fourth District Representative in the Virgin Islands (VI) House of Assembly (HoA), Hon Mark H. Vanterpool (R4) has lauded the Government of Hon Andrew A. Fahie (R1) for maintaining the territory’s Gross Domestic Product (GDP) rates, despite the impacts of the COVID-19 pandemic.
‘Gov’t’s finances are sound as any in the world’- Dr Smith
ROAD TOWN, Tortola, VI- With approximately $50M overspent on the Cruise Pier Project, $7.2M given to a defunct airline for direct flights and some $1.6M on a small wall around the Elmore Stoutt High School, to name a few controversial spendings, Premier and Minister of Finance Dr The Hon D. Orlando Smith (AL) is maintaining that the National Democratic Party (NDP) has been strategic and frugal with tax payers money.
Building a healthy domestic market
By Dickson Igwe
A healthy domestic market is crucial to GDP growth and social stability. A healthy and dynamic local market protects against the vagaries of the global economy. In today’s unpredictable economic environment possessing a strong and robust internal economy is a rendition to wisdom in national governance.
Premier: Economy still robust; businesses have to adjust
ROAD TOWN, Tortola, VI – Premier Dr The Hon. D. Orlando Smith has insisted that he is sticking to his claims that the economy is robust amidst layoffs and business closures while noting that the issue was a relative one.
Remittances to Caribbean Remain Stable
(CARIBBEAN JOURNAL)- Remittances to the Caribbean remained effectively flat in 2012, with a 0.1 percent increase compared to the previous year, according to estimates from the Multilateral Investment Fund.
Is there a case for economic development in the Virgin Islands?
By Benito Wheatley
Economic development has emerged as one of the Virgin Islands' (VI's) most polarising issues at a time when a consensus is desperately needed in order to stabilise the economy and begin laying a new foundation for future growth.