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Finance and Business

June 11th, 2020
Dr Robert A. Mathavious announces retirement from BVI FSC

ROAD TOWN, Tortola, VI- In a bombshell announcement on June 10, 2020, the Board of Commissioners of the BVI Financial Services Commission (BVI FSC) announced that its long-time Managing Director and Chief Executive Officer (CEO) Dr Robert A. Mathavious will be retiring in December 2020.

June 11th, 2020
Carnel D. Clyne resigns as VIF&FC Chairman

DUFF’S BOTTOM, Tortola, VI- Moments ago it was announced, at the 9th Sitting of the 2nd Session of the 4th House of Assembly (HoA), that Chairman of the Virgin Islands Festival and Fairs Committee (VIF&FC), Mr Carnel D. Clyne has resigned.

June 11th, 2020
SSB under the microscope @ HoA sitting today, June 11, 2020

ROAD TOWN, Tortola, VI- Ever since the Social Security Board (SSB) gave the Government of the Virgin Islands a $40 million grant for its economic stimulus plan, the SSB has been under scrutiny. That scrutiny is scheduled to continue when the House of Assembly (HoA) convenes today, June 11, 2020, at Save the Seed Energy Centre in Duff's Bottom, Tortola.

June 10th, 2020
BVICCHA encourages proactive action in preparing for 2020 Hurricane Season

ROAD TOWN, Tortola, VI- In light of the significant impact of COVID-19 on our businesses, human resource and economy, coupled with the potential impact of the 2020 Hurricane Season, the British Virgin Islands Chamber of Commerce and Hotel Association (BVICCHA) strongly urges the Private Sector and the Public Sector to take proactive measures in safeguarding all human resource, other resources and operations due to the threat of the highly active predicted 2020 Hurricane Season.

June 10th, 2020
Many ineligible for COVID-19 assistance for not paying SS & NHI- Hon Wheatley

ROAD TOWN, Tortola, VI- Minister for Natural Resources, Labour and Immigration, Hon Vincent O. Wheatley (R9), who has responsibility for Social Security, said many persons did not meet the eligibility criteria for government assistance because their contributions to Social Security, National Health Insurance (NHI) and Inland Revenue were lagging behind.

June 10th, 2020
'Total disregard' for COVID-19 protocols @ bars & nightclubs– CEHO Michael

ROAD TOWN, Tortola, VI- Chief Environmental Health Officer (CEHO) Mr Lionel E. Michael said social distancing, hand hygiene and other protocols put in place to prevent the spread of the Novel Coronavirus in the Virgin Islands went out of the window when bars and nightclubs opened last weekend.

June 9th, 2020
Gov Jaspert blames COVID-19 for late tabling of BVI Airways report

ROAD TOWN, Tortola, VI - Governor of the Virgin Islands (VI) His Excellency, Augustus J.U. Jaspert has finally broken his silence surrounding the late tabling of the controversial BVI Airways audit report in the House of Assembly, casting the blame on COVID-19 and the handling of the pandemic locally.

June 9th, 2020
VI must beware of the 'Amazons' of the world- Hon Penn

ROAD TOWN, Tortola, VI - Ahead of the passing of the Virgin Islands 'Consumer Protection Act, 2020' last evening June 8, 2020, in the House of Assembly (HoA), Opposition Leader Hon Marlon A. Penn (R8) urged legislators to advance Fair-trade legislation with the aim of protecting local businesses.

June 9th, 2020
Disrespect! Manager blatantly refuses to meet Labour Minister during ‘spot check’

DUFF'S BOTTOM, Tortola, VI- Calling it a troubling situation which makes him wonder what kind of country we are living in and building, Minister for Natural Resources, Labour and Immigration, Honourable Vincent O. Wheatley (R9) recounted in the House of Assembly on June 8, 2020, an incident where he was disrespected by a manager of a business in the Territory.

June 8th, 2020
VI 'Consumer Protection Act, 2020' passes in HoA

DUFF'S BOTTOM, Tortola, VI - The long-awaited Virgin Islands 'Consumer Protection Act, 2020' was passed tonight, June 8, 2020, with amendments in the Virgin Islands (VI) House of Assembly (HoA) held at the Save the Seed Energy Centre in Duff's Bottom, Tortola.

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