UPDATE: BVI Banking Expo postponed 'until further notice'
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According to a notice from the Ministry, further notice on the new scheduled date of the Expo is forthcoming.
For additional information, persons may contact the Ministry at 468-2112 or the Department of Trade at 468-2008.
Some banks to open from noon
Meanwhile, the BVI Bank Association is advising the general public that some banks will tentatively open to the public at 12:00 noon today, Thursday, June 6, 2024, with limited branch services, subject to ongoing assessment of weather conditions.
The banks listed are CIBC Caribbean, FirstBank PR, National Bank of the Virgin Islands, Popular, and Republic Back (BVI).
Bank of Asia and VP Bank will be closed to the public today.
See previous article published June 2, 2024
Businesses encouraged to participate in BVI Business Banking Expo
Businesses in the Virgin Islands (VI) are being encouraged by the Ministry of Financial Services, Labour and Trade to participate in the BVI Business Banking Expo scheduled for Thursday, June 6, 2024, at Treasure Isle Restaurant.
Transportation to Tortola will be arranged for business owners from all Sister Islands (Anegada, Virgin Gorda and Jost van Dyke); however, all interested business owners residing on the Sister Islands are encouraged to register at their respective District Office.
Persons are asked to sign up by 4:30 PM on Tuesday, June 4, 2024, by contacting Ms Kyla K. Forbes on 468-2096. Business persons on Jost van Dyke can register on 468-9542/468-6587; Virgin Gorda - 468-6587/468-9542 and Anegada - 368-9712/ 468-6587.
Advice on navigating banking industry
The event also aims to offer advice to small business owners and entrepreneurs on navigating the banking industry.
Residents of the Sister Islands are especially encouraged to attend the exposition.
Announced earlier in the year by Deputy Premier and Minister For Financial Services, Labour and Trade, Hon Lorna G. Smith, OBE (AL), the event is looking to showcase banking industry innovations and trends, offer valuable knowledge to small business owners and entrepreneurs, empower them with the tools for success and facilitate networking, and enable direct interaction between the financial sector and businesses, thus promoting mutual understanding and cooperation.
Hon Smith in a March 6, 2024, presentation in the House of Assembly (HoA) said, “I expect this Expo to deliver substantial benefits to our community, including improved financial literacy for MSMEs so that they can make informed financial decisions; better access to financing, crucial for economic expansion; and the promotion of innovation within the financial services sector, leading to more tailored products and services for local businesses.”
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9 Responses to “UPDATE: BVI Banking Expo postponed 'until further notice'”
With more than 1.3 billion online shoppers in 2020, our giant global marketplace presents countless opportunities for people in the world's poorest countries if the digital divide can be overcome.
https://unctad.org/press-material/global-e-commerce-sales-surged-29-trillion
A surge was seen in the number of online shoppers and sales which jumped by 12% and stood at 1.3 billion people, or one quarter (25%) of the world’s population.
An increase in a structured online connectivety for the other three quarters or other 75% of the worlds population, not only create technological jobs in undeveloped geographic areas, but also increases the circular flow of cash or money in the global economy
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https://www.africanews.com/2024/05/24/us-vp-kamala-harris-plans-to-ensure-internet-access-for-80-of-africa-by-2030/