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Finance and Business
RDA CEO earning big bucks to manage people picking up garbage – Hon Fraser
ROAD TOWN, Tortola, VI- Senior legislator and Opposition Member, Honourable Julian Fraser RA (R3) has said CEO of the Recovery and Development Agency (RDA), Mr Paul D. Bayly is earning big bucks to manage people who collect garbage around the Virgin Islands.
HLSCC gets $100K annual donation from UNITE BVI
ROAD TOWN, Tortola, VI - Following reports of a number of funding and resources challenges at the local H. Lavity Stoutt Community College (HLSCC), the institution will now get $100,000 added annually to its coffers, in addition to a $200,000 annual commitment from the Government of the Virgin Islands under the 'Back to the Sea' initiative.
‘This budget frightens me’- Hon Maduro-Caines
ROAD TOWN, Tortola, VI- Opposition Member and Sixth District Representative, Hon Alvera Maduro-Caines has said something must be done about the rising recurrent expenditure in national budgets.
2020 Budget debated & passed in HoA; Presented to Governor
ROAD TOWN, Tortola, VI- The $414,008,611.00 National Budget for 2020 presented by the Virgin Islands Party (VIP) Government was passed at the Second Sitting of the Second Session of the Fourth House of Assembly on Friday, December 13, 2019 and has since been sent to Governor Augustus J. U. Jaspert for assent.
'I don't like to see people fired but...'- Premier Fahie on public service
ROAD TOWN, Tortola, VI- With an already bloated civil service that devours a major portion of recurrent expenses, Premier and Minister of Finance, Honourable Andrew A. Fahie (R1) has said he is unwilling to unnecessarily increase the public service, a stance he said may gain him some unpopularity.
Another Christmas in ‘far from ideal conditions’- Gov Jaspert
ROAD TOWN, Tortola, VI- It appears His Excellency Governor Augustus J.U Jaspert is not too impressed by the state of recovery since the 2017 hurricanes destroyed the Virgin Islands.
Hon Vanterpool wants elected Reps to stop assisting persons financially
ROAD TOWN, Tortola, VI- Opposition legislator Honourable Mark H. Vanterpool (R4) has called for the $10,000 per month given to each District Representative to assist constituents, be instead channelled to the Social Development Department in the Ministry of Health.
Gov't rubbishes claims of developing a new digital currency
ROAD TOWN, Tortola, VI - The Virgin Islands Government has shut down claims that it is developing a new digital currency called 'BVI~LIFE' through a partnership with blockchain startup LifeLabs, as reported by some local and international media agencies.
VI & Airbnb ink Hotel Accommodation Tax agreement
ROAD TOWN, Tortola, VI - The Virgin Islands (VI) and booking service Airbnb have official inked agreements for the voluntary collection of the Hotel Accommodation Tax on transient occupancy.
The Thrift Paradox
By Dickson C. Igwe
There are two types of player in the market economy: the producer and the consumer. Producers and consumers can be further described as savers and spenders; and lenders and borrowers. This is an important dichotomy of the marketplace.
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