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Finance and Business

May 1st, 2019
American & United Airlines increase airlift to USVI

CHARLOTTE AMALIE, St Thomas, USVI – According to the US Virgin Islands Department of Tourism, demand for travel to the US Virgin Islands is surging.

May 1st, 2019
Tourism product being destroyed by 'greed'- Hon Melvin M. Turnbull

ROAD TOWN, Tortola, VI- The issue of some business taking the liberty of encroaching on beaches in the Territory is becoming one of much concern and authorities are being admonished to act before it becomes out of control.

April 30th, 2019
UPDATE: 2019 Budget in final stages; Awaiting Governor's assent

ROAD TOWN, Tortola, VI – With the Virgin Islands (VI) 2019 Budget estimates passed in the House of Assembly (HoA) on Friday, April 26, 2019, to the tune of $427.657.383, the Bill called “The Appropriation Act 2019” is now in its final stage before it can be fully utilised.

April 29th, 2019
No Pay! Prospect Reef guards got $0 since Aug 2018 - Hon Fraser

ROAD TOWN, Tortola, VI – Amidst its abandoned state, the hurricane devastated Prospect Reef property of the Virgin Islands (VI) government has maintained on staff, three security guards who allegedly have not been paid a salary since August of 2018.

April 29th, 2019
Finally! VI to get its Consumer Protection Bill

ROAD TOWN, Town, VI - Premier and Minister of Finance, Hon Andrew A. Fahie (R1), says the Consumer Protection Bill for the territory is on the way having been passed in Cabinet and drafted in collaboration with Opposition Leader, Hon Marlon A. Penn (R8).

April 27th, 2019
2020 Budget will be people based; Increments gradually – Premier

ROAD TOWN, Tortola, VI – Premier and Minister of Finance, Hon Andrew A Fahie (R1) says the next budget from the Virgin Islands Party (VIP) will be focused completely on meeting the needs of the people, rather than the technocrats, challenging his administration to a self-imposed December 15, 2019, deadline when that budget must pass.

April 26th, 2019
‘If Skelton-Cline doesn’t produce he’ll be fired’ – Premier Fahie

ROAD TOWN, Tortola, VI – Premier and Minister of Finance, Hon Andrew A. Fahie (R1) in lashing back at critics, says the controversial $98,000 contract given to Grace Consultants, a local consultancy firm headed by Mr Claude O. Skelton-Cline was never a secret and as such, if the consultant doesn’t produce he will be fired.

April 24th, 2019
Closure of LIAT ‘Imminent’ – Chairman

VI CONSORTIUM

St. Thomas, USVI - Current Prime Minister of St. Vincent and the Grenadines, Dr Ralph E. Gonsalves, who also serves as the Chairman of LIAT Airways, says the closure of the airline is imminent.

April 24th, 2019
Alphonso Car Sales to launch Great Wall P-series Trucks

FISH BAY, Tortola, VI – The Virgin Islands (VI) will get an opportunity to experience the New Great Wall P-series pickup trucks, which is on its way to the territory through a local distributor, Martin A. Alphonso aka 'Tony' via Alphonso Car Sales Ltd (ACS).

April 20th, 2019
The economics of vision- Part 1

Dickson C. Igwe

Now, once a government has decided upon its short, medium, and long term strategy, leading to realisation of a national vision, economics is the tool and vehicle to get the country to that “Promised Land.”

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