Finance and Business
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).
'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.
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.
VI Labour Code being reviewed
PASEA ESTATE, Tortola, VI- The Andrew Fahie-led regime is making strides to modernise the territory’s existing Labour Code 2010, to bring it “more in line with the current VI labour market and industry standards.”
Improved parking lot opposite Pusser’s in RT reopens Monday, March 29, 2021
ROAD TOWN, Tortola, VI- Despite the challenges of the COVID-19 pandemic, the Virgin Islands is not at a standstill where infrastructural works are concerned. In fact, work continues across the territory, adding much-needed stimulus to the local economy while upgrading the infrastructure in the Virgin Islands ahead of the return of cruise tourism and the reopening of the seaports to international operations.
$108K contract for Wendell M. Gaskin to assist with audited financial statements
PASEA ESTATE, Tortola, VI- Former Deputy Financial Secretary and retired civil servant, Mr Wendell M. Gaskin will be returning to the Minister of Finance in his capacity as a consultant.
‘Lifeline Financial Programmes’ launched to boost local money management
ROAD TOWN, Tortola, VI – Local media personality Kenneth G. Gladstone, along with other investors, have launched Lifeline Financial Programmes, a subsidiary of Lifeline (BVI) Limited, a new company aimed at helping Virgin Islanders get their finances in check, especially during the current COVID-19 pandemic.
UK to impose £5,000 fine for people going on holiday abroad
LONDON, United Kingdom- After failing to act in a timely manner when the COVID-19 pandemic struck, resulting in the deaths of many in the United Kingdom (UK) as the virus spiralled out of control, the government of embattled Prime Minister Alexander Boris de Pfeffel Johnson ‘aka ‘Boris’ is now looking at tough prevention measures to save face.
Marine industry gets 50% reduction of licensing fees!
ROAD TOWN, Tortola, VI- In what has been described as a ‘stimulus' for the marine industry has been approved for a 50 per cent reduction of licensing fees because of the ongoing COVID-19 pandemic.
Work Permit Exemption Policy being revised
ROAD TOWN, Tortola, VI – The Ministry of Natural Resources, Labour and Immigration has announced that it is not currently accepting applications for Work Permit Exemption until further notice.
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