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Finance and Business

March 14th, 2020
CORONA: The economics of fear

By Dickson C. Igwe

The US Stock exchange has dropped into bear market territory. There has been a sustained downturn in the US stock market for the first time since Donald Trump became President in 2016.

March 13th, 2020
VI blocks cruise ship calls for 30 days starting March 14, 2020

ROAD TOWN, Tortola, VI – Premier and Minister of Finance, Hon Andrew A. Fahie (R1) has announced that the Virgin Islands will be implementing an immediate block where no cruise ships would be allowed to call on the Territory within a 30-day period starting Saturday, March 14, 2020.

March 12th, 2020
Dr Carolyn O’Neal Morton appointed Permanent Secretary in Premier’s Office

ROAD TOWN, Tortola, VI- Dr Carolyn O’Neal Morton has been appointed as the Permanent Secretary in the Premier's Office.

March 12th, 2020
Norwegian Cruise allegedly pressure sales staff to lie about COVID-19

MIAMI, Florida, USA- With the Cruise industry facing 'rough seas' in the wake of the deadly Novel Coronavirus (COVID-19) spreading across the globe, the Miami New Times reports that Sales Managers at Norwegian Cruise Line–which sails to the Virgin Islands (VI)–have allegedly instructed employees to downplay the risks of the virus in order to sell tickets to potential customers.

March 12th, 2020
COVID-19 reaches Martinique, SVG, Jamaica, DR, St Barths, St Martin, Cuba & Guyana

ROAD TOWN, Tortola, VI – As the Novel Coronavirus (COVID-19) deepens its reach across the tourism-dependent Caribbean region, the Caribbean Tourism Organisation says its member countries are still opened for business although the majority of the cases are imported.

March 10th, 2020
'Tell us what is the problem!'- Premier urges internet providers

ROAD TOWN, Tortola, VI - Affirming his Government's commitment to fixing the internet woes of the Virgin Islands, Premier and Minister of Finance, Hon Andrew A. Fahie (R1) has encouraged the local telecoms to bring their challenges to the government so that solutions can be created.

March 7th, 2020
Corona 2: The economic fallout

By Dickson C. Igwe

With the Coronavirus outbreak, the best countries can do for now is to expect the worst, but hope for the best. OK. Corona has wiped $2.5 trillion from the value of global stocks. This is despite central bank intervention earlier this week.

March 5th, 2020
BVIEC reinstating all street lights by June 2020 - Premier Fahie

ROAD TOWN, Tortola, VI - Third District Representative Hon Julian Fraser RA, says even as street lights are missing from entire neighbourhoods, the British Virgin Islands Electricity Corporation (BVIEC) continues to bill the government for electricity supply as per normal.

March 4th, 2020
Black History Month & NHI - Not to be forgotten

Alred C. Frett

Following the Followers:

I thank all those who read and listen to my written and spoken word but none of this is because I know any more than you do… I am here because you have taught me so much and I am simply saying aloud what you know in your minds and even say in private… If I misrepresent you in the process, please let me know for, we cannot afford the willful hateful misleading of our Children.

March 4th, 2020
Seaports to receive 1st phase of new Border Management System by April 2020

ROAD TOWN, Tortola, VI- Travellers utilising the various seaports in the Virgin Islands will likely see the implementation of the new Border Management System by April 2020, Minister for Natural Resources, Labour and Immigration, Honourable Vincent O. Wheatley (R9) has informed.

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