Finance and Business
VI Regulators to close Bank of Asia (BVI) Limited
ROAD TOWN, Tortola, VI- It was yesterday, May 29, 2025 that the Virgin Islands (VI) Deposit Insurance Corporation (VIDIC), with the intervention of the British Virgin Islands Financial Services Commission (FSC), took the necessary action to shut down the operations of the Bank of Asia (BVI) Limited.
Natalie J. Fahie-Smith tipped to be PS in Ministry of Financial Services
ROAD TOWN, Tortola, VI- Virgin Islands News Online’s sources in the Office of the Governor has confirmed that current Deputy Secretary in the Ministry of Health and Social Development Mrs Natalie J. Fahie-Smith is tipped to be the Permanent Secretary (PS) in the Ministry of Financial Services, Economic Development and Digital Transformation.
Gov't has 'hodgepodge' & 'willy-nilly' approach to loan spending- Hon Penn
BAUGHERS BAY, Tortola, VI- Opposition Member and Eighth District Representative Hon Marlon A. Penn has accused the government of not having a proper plan for spending the 100 million dollars acquired through a loan from Canadian Imperial Bank of Commerce (CIBC) in September 2024.
VI leads establishment of new Caribbean network on sustainable development
ROAD TOWN, Tortola, VI- The Virgin Islands (VI) and representatives of 16 Caribbean governments have established the Caribbean Subregional Sustainable Development Network (CSSDN) aimed at strengthening regional cooperation on sustainable development.
St Maarten mission strengthened ‘commitment to collaborate’- Premier Wheatley
PHILIPSBURG, Sint Maarten- Virgin Islands Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7) recently led a delegation to a strategic trade mission to Sint Maarten, to engage in high-level dialogue to advance mutual interests in maritime, trade, agriculture, tourism, health services, and financial services.
VI has lost its 'middle class'- Hon Penn
BAUGHERS BAY, Tortola, VI- Speaking on NDP Radio on ZBVI 780 AM on May 19, 2025, Opposition Member Hon Marlon A. Penn (R8) opined that the Virgin Islands (VI) has lost its middle class.
Nanny Cay’s Operations Team trained to Brownell quality & safety standard
NANNY CAY, VI - Nanny Cay has become the first boatyard in the region to have its entire Operations Team trained to the Brownell quality and safety standard.
'Permanent amphitheatre' aback admin complex under consideration- Premier
ROAD TOWN, Tortola, VI- Government is actively exploring the creation of a permanent amphitheatre as part of a broader strategy to invigorate the Territory’s tourism sector.
‘We are exploring more’ direct flight route options- Premier Wheatley
ROAD TOWN, Tortola, VI- Demand for direct flight access to the Virgin Islands (VI) remains high, and the Government of the Virgin Islands is exploring its options.
Cape Air deploys new aircraft to Caribbean
TRELLIS BAY, Beef Island, VI- Cape Air/Nantucket Airlines recently announced the deployment of its Tecnam P2012 Traveller to the Caribbean market, an aircraft the Hyannis-based company has been operating in the U.S. Northeast and Montana since 2019.
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