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Finance and Business

May 4th, 2020
No new, temporary or periodic permits until July 31, 2020 – Hon Vincent O. Wheatley

ROAD TOWN, Tortola, VI- There will be no new, temporary or periodic work permits issued in the Virgin Islands until the end of July 2020, Minister for Natural Resources, Labour and Immigration, Honourable Vincent O. Wheatley (R9) has announced.

May 4th, 2020
Nathaniel Issac Sr resigns as BVIPA Board Chairman

PORT PURCELL, Tortola, VI- Information just reaching our newsdesk from sources within the BVI Ports Authority (BVIPA) is that its Board Chairman, Mr Nathaniel Isaac Sr has tendered his resignation.

May 4th, 2020
OTs should 'make full use of their finances' to fight COVID-19 - British MP

LONDON, United Kingdon - According to a British parliamentarian, the United Kingdom (UK) Government is expecting British Overseas Territories (OTs) to utilise their own financial resources to fight COVID-19, just as the UK is doing in their fight.

May 4th, 2020
Is the RDA still relevant? A financial burden?

ROAD TOWN, Tortola, VI- With the Virgin Islands Recovery and Development Agency (RDA), a United Kingdom (UK) mandated vehicle passed into law by the National Democratic Party (NDP) Government to oversee the recovery and development of the Territory post hurricanes Irma and Maria, seemingly unable to deliver the goods- even as its former expat Chief Executive Officer (CEO) enjoyed a super salary- many are now questioning whether the agency is actually of any relevance to the Territory.

May 3rd, 2020
VI Gov’t not asking anyone who lost jobs 'to leave’- Hon Vincent O. Wheatley

ROAD TOWN, Tortola, VI- Although some countries have been requesting persons on work permit, who have lost their jobs due to the COVID-19 pandemic, to go back home, the Government of the Virgin Islands is not adopting this practice at this time.

May 3rd, 2020
33 businesses closed, 683 laid off & 72 terminated due to COVID-19 pandemic

ROAD TOWN, Tortola, VI- “We will continue, for as long as we can, to assist you, our brothers and sisters of the wider Caribbean, mainland US, Europe and other parts of the world, during this unprecedented, unpredictable time,” were the reassuring words of Minister for Natural Resources, Labour and Immigration, Hon Vincent O. Wheatley (R9) as he outlined some of the steps Government is taking to address urgent issues of labour and immigration brought on by the COVID-19 pandemic.

May 3rd, 2020
Premier Fahie shares VI’s COVID-19 struggles @ Caribbean Finance Ministers Meeting

ROAD TOWN, Tortola, VI- Premier and Minister of Finance, Honourable Andrew A. Fahie (R1), has told Caribbean Heads of Government and Ministers of Finance that COVID-19 is placing significant pressure on the Virgin Islands economy as the Territory combats the spread of the coronavirus.

May 3rd, 2020
‘We have nothing against anyone from Caribbean islands’- Premier Fahie

ROAD TOWN, Tortola, VI- With money transfer services not included in the list of essential businesses allowed to operate during the reopening phase of the Virgin Islands economy following a month of shutdown due to the COVID-19 pandemic, heaps of criticisms were thrown at the Government of the Virgin Islands by a large number of persons on social media.

May 2nd, 2020
HoA will receive audit report 'in shortest possible time'- Premier Fahie

ROAD TOWN, Tortola, VI - Premier Andrew A. Fahie (R1) said he will now do all in his power to deliver the BVI Airways audit report to the House of Assembly (HoA) in the shortest time, after accusing the Governor, H.E. Augustus J. U Jaspert of slothfulness in delivering the report to Cabinet more than two months after its receipt from the Auditor General.

May 2nd, 2020
Corona, regionalisation & self sufficient markets

Dickson C. Igwe

Globalization is over as we know it. The new world will be driven by insular governance, regional integration, and bilateral agreements.

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