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Finance and Business
Too big to fail
Thomas C. Famous
What's next?
Where do we go from here?
Two questions, on the mind, of just about every human being, presently on earth.
HoA debates bill for Gov't to charge 7% fee on money transfers
DUFFS BOTTOM, Tortola, VI – A 7% transaction fee, 7 cents of every dollar sent overseas through money transfer providers, will be deducted when the bill entitled 'Financing and Money Services (Amendment) Act, 2020' comes into law.
‘Consider reaching out’ to locals shut out of VI- Hon Fraser
DUFFS BOTTOM, Tortola, VI- Representative for the Third District and senior legislator, Honourable Julian Fraser, RA has suggested that Government find a way to assist nationals who have been shut out of the Territory due to COVID-19 response measures.
EE bar allegedly breaches curfew
EAST END, Tortola, VI- Police are reportedly investigating reports of a bar in East End, on the main island of Tortola, found breaching the curfew in place last night, April 16, 2020.
Persons returned with wigs, different clothes to get food from FSN- Premier Fahie
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Honourable Andrew A. Fahie (R1) has blasted certain residents for attempting to pressure various District Representatives and deceive Family Support Network (FSN) to get more food and vouchers.
UK 'a hindrance' to VI's recovery & development- Skelton-Cline
BAUGHERS BAY, Tortola, VI- As the COVID-19 pandemic threatens a worst global recession since the Great Depression, according to the International Monetary Fund (IMF), outspoken pastor and social commentator, Mr Claude O. Skelton-Cline has accused the United Kingdom (UK) Government of being a continued hindrance to the Virgin Islands' recovery and development.
'Our borders remain closed’ until after June 1, 2020- Premier Fahie
ROAD TOWN, Tortola, VI- Even though the Virgin Islands will begin to loosen up on movement restrictions internally from next week, the Territory’s borders will remain closed until after June 1, 2020, when the first phase of the COVID-19 Phased Internal and Restricted Borders Reopening Plan ends.
VI to petition UK to amend Financial Protocols due to COVID-19
ROAD TOWN, Tortola, VI- The Government of the Virgin Islands will be seeking to negotiate with the Government of the United Kingdom for certain terms of the Protocols for Effective Financial Management (PFEFM) to be relaxed or amended to allow Government to freely seek immediate relief funding in light of the negative economic impacts of the COVID-19 pandemic.
'No need for extension of current 14-day lockdown' - Premier Fahie
ROAD TOWN, Tortola, VI - Announcing no new cases of COVID-19 in the Territory, Premier and Minister of Finance, Hon Andrew A. Fahie (R1) said the current 24/7 lockdown in the Virgin Islands (VI) will not be extended; however, a new night-time curfew will take effect from April 19, 2020, running until June 1, 2020.
‘Have mercy on the people’ – Premier Fahie to banks
ROAD TOWN, Tortola, VI- Premier and Minister of Finance, Honourable Andrew A. Fahie (R1) has made another passionate appeal to telecoms, utility companies and banks in the Virgin Islands to be considerate of the situation of their customers during this COVID-19 lockdown period.
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