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Finance and Business

April 2nd, 2021
Voice of people on port fees 'must be heard & respected'- Premier Fahie

BAUGHERS BAY, Tortola, VI- Premier and Minister of Finance Honourable Andrew A. Fahie (R1) has said his Virgin Islands Party (VIP) administration is in the process of finding a solution to the escalated fees introduced by the BVI Ports Authority (BVIPA) last month.

March 31st, 2021
VI consultations on Sustainable Development Plan moves forward

ROAD TOWN, Tortola, VI- The Government of the Virgin Islands is engaging stakeholders in a series of public consultations on a National Sustainable Development Plan (NSDP) for the [British] Virgin Islands.

March 31st, 2021
Gov't discontinues paying ground & sea transportation for arriving passengers

ROAD TOWN, Tortola, VI- All passengers arriving in the Virgin Islands are now required to pay the cost of their ground transportation during quarantine, from Day 0 to Day 4.

March 31st, 2021
BVIPA fees hike necessary for upgrades, salaries- Vincent Wattley

BAUGHERS BAY, Tortola, VI- Businessman and Member of the BVI Ports Authority (BVIPA) Board, Mr Vincent Wattley said part of the reason why the BVIPA had to raise its fees during a global health crisis was to keep their staff contingent employed and to conduct necessary upgrades to the infrastructure and service offerings.

March 30th, 2021
PAID AD: NAGICO wins BVI Finance’s Insurance 'Agency of the Year Award'

ROAD TOWN, Tortola, VI - For the second consecutive year, NAGICO Insurances has won the Insurance Agency of the Year Award as voted on by residents across the Virgin Islands (VI) who participated in the annual Financial Services Awards hosted by BVI Finance.

March 30th, 2021
Suez Canal blockade could cause delays in VI’s receipt of goods - Hon Flax-Charles

ROAD TOWN, Tortola, VI – With global shipping resuming through the Suez Canal following a blockage by the container vessel ‘Ever Given’ that has since been cleared, Jr Minister for Trade and Economic Development in the Virgin Islands, Hon Shereen D. Flax-Charles (AL) has said the impacts could be felt in the VI.

March 30th, 2021
Cruise Ship Home Porting

Thomas C. Famous

Home Port definition:

“In the cruise industry the term "home port" is also often used in reference to the port in which a ship will take on / change over the majority of its passengers while taking on stores, supplies and fuel.”

March 29th, 2021
Pusser’s sold to Hon Mark H. Vanterpool

ROAD TOWN, Tortola, VI- Almost 6 years after reports of Pusser’s being sold were debunked by founder Mr Charles S. Tobias, the business has now been sold to local businessman and legislator Hon Mark. H. Vanterpool (R4).

March 29th, 2021
'Ever Given' freed from Suez Canal; Impacts on Global trade forecasted

SUEZ, Egypt - The Ever Given, a ship that was beached in the banks of the Suez Canal has been freed, the Suez Canal Authority has announced.

March 27th, 2021
FLOW planning roll-out of '1Gig' internet speed in VI

ROAD TOWN, Tortola, VI – FLOW BVI, a major internet service provider (ISP) in the Virgin Islands (VI) has announced that it is pumping millions into a network upgrade that will facilitate the Premier Andrew A. Fahie administration’s vision for economic diversification in the territory.

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