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Finance and Business
Pension payments more than double in 10 years—AG Report
ROAD TOWN, Tortola, VI - The 2013 Auditor General Report laid on the table of the House of Assembly last month continues to highlight many issues.
EU Directive a greater threat to VI’s Financial Services than ‘public registers’—Farara QC
ROAD TOWN, Tortola, VI – The Virgin Islands (VI) is currently at risk of being ‘blacklisted’ by the European Union (EU) and this poses an even greater threat to the Territory’s Financial Services Industry and its economic wellbeing, than that of the United Kingdom (UK) imposed, ‘public registers’ Order.
Public registers ‘fight’ will bring Constitutional review of UK powers over VI
ROAD TOWN, Tortola, VI - A legal fight between the United Kingdom (UK) and the Virgin Islands (VI), over the imposition of ‘public registers,’ will inevitably lead to a Constitutional review, with a focus on the powers of the UK to unilaterally impose legislation on the Territory.
$4.1M unaccounted for: Not included in Treasury’s record- AG Report
ROAD TOWN, Tortola, VI - The Report of the Auditor General (AG) for 2013 continues to unearth some information that requires correction, according to AG Ms Sonia M. Webster.
VI's internet infrastructure & service gets ‘upgrade’
ROAD TOWN, Tortola, VI – Telecommunications conglomerate, Digicel (BVI), has announced an upgrade in its network capacity on a number of its newly built LTE sites in the Virgin Islands (VI).
‘Loop-holes’ see Ministers diverting funds to districts—AG Report
ROAD TOWN, Tortola, VI - Auditor General, Ms Sonia M. Webster, has uncovered a number of glaring ‘loop-holes’ which give the perception, Ministers divert funds intended for investment in the Territory, to instead be used in their electoral districts.
Gov’t collection system insufficient-Auditor General 2013 Report
ROAD TOWN, Tortola, VI - Auditor General (AG), Sonia M. Webster, in her 2013 Audit Report—laid before the House of Assembly (HoA) some weeks ago—has unearthed many troubling issues.
'Gadiethz' says he is owed for 2-years by VI Festival & Fairs Committee
EAST END, Tortola, VI – The Virgin Islands (VI) Festival and Fairs Committee continues to be accused of failing to honour its debts, the latest allegations being levelled by frustrated Promoter, Paul A. Peart aka 'Gadiethz', who says he is owed now for almost two years.
Dr Smith Gov’t warned of need for Plan-B in upcoming ‘UK fight’
NEW YORK, NY, USA – The government of the Virgin Islands (VI) is being called on to urgently prepare contingency plans, in wake of the impending deadline for the implementation of ‘public registers’—a United Kingdom (UK) decision, that is believed, will have a crippling effect on the Territory’s Financial Services sector.
'Caribbean Cellars' returns to Lower Estate
LOWER ESTATE, Tortola,VI - Wines and Spirits Merchant, Caribbean Cellars, has returned to its main branch at Lower Estate on Tortola, in the Virgin Islands (VI), after being forced to relocate to Baugher’s Bay in 2017, following Hurricanes Irma and Maria.
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