Finance and Business
Gov't advances pension reform as current method 'unsustainable'
ROAD TOWN, Tortola, VI— The Government of the Virgin Islands is taking decisive steps to transition from the current non-contributory Defined Benefit Pension Plan to a Contributory Pension Scheme, given the unsustainability of the present system, and the escalating financial burden on the state.
Premier shares Opposition’s concern about snr public servants stuck in acting positions
ROAD TOWN, Tortola, VI— The power to confirm high-ranking public service appointments does not rest with the government of the Virgin Islands but rather with the Governor’s Office and the Public Service Commission, Premier and Minister of Finance Dr the Honourable Natalio D Wheatley (R7) had to remind the Opposition Members of the House of Assembly (HoA) recently.
Road closed from Paraquita Bay Road to Hodges Creek until Feb 26
HODGE'S CREEK, Tortola, VI- The public is notified that the Paraquita Bay Road, from the H. Lavity Stoutt Community College (HLSCC) to Hodges Creek, is closed to vehicular traffic until Wednesday, February 26, 2025.
West End Ferry Terminal Project faces review as bids soar $79M over budget
ROAD TOWN, Tortola, VI—With the lowest submissions of bids for the New West End Ferry Terminal Project far exceeding the project’s estimated budget of $15 million, an immediate reassessment of the project’s scope and requirements is being done.
Revised handbook on international cooperation & information exchange published- FSC
PASEA ESTATE, Tortola, VI- The revised version of the Handbook on International Co-operation and Information Exchange, A Guide for Regulators and Judicial and Law Enforcement Officials was published by the BVI Financial Services Commission (FSC) on Friday, February 21, 2025.
Build food storage & more regional partnerships- Skelton Cline
BAUGHERS BAY, Tortola, VI— Prominent social commentator and former government consultant Pastor Claude O. Skelton-Cline is calling on the leadership of the Virgin Islands to take urgent proactive steps toward securing its food supply in light of shifting global dynamics, particularly with US trade tariffs and their economic impact domestically.
VI students in Macau on mission to bring home global knowledge in finance & tourism
MACAU, China— “The world is becoming smaller and smaller; everybody is more connected and we can help create a better-interconnected web of financial services for everybody within the region.”
VI Special Envoy & Head of UN ECLAC discuss sustainable development
SANTIAGO, CHILE. Ahead of the upcoming 8th Meeting of the Forum of the Countries of Latin America and the Caribbean, the Virgin Islands (VI) Special Envoy Mr E. Benito Wheatley and Executive Secretary H.E. Jose Manuel Salazar-Xirinachs, the Head of the United Nations (UN) Economic Commission for Latin America and the Caribbean (ECLAC), have held a high-level bilateral meeting on sustainable development.
VI gov't already in talks with USVI over proposed tariffs- Hon Rymer
ROAD TOWN, Tortola, VI- On the heels of the Governor of the US Virgin Islands (USVI) Albert A. Bryan Jr requesting an emergency session of the USVI legislature to deliberate on a proposed 25% tariff on imports coming from the Virgin Islands (VI), the VI government isn't rolling over and playing dead.
VI delegation explores gaming industry tips in Macau
MACAU, China— A Virgin Islands delegation to the Asia-Pacific region is presently examining the critical importance of physical presence in international financial relations, highlighting the significance of financial sovereignty, and gaining valuable insights into Macau’s booming gaming industry with an intention to transpose valuable lessons domestically.
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