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Finance and Business
Has the Recovery Agency Board been named?
ROAD TOWN, Tortola, VI- There seems to be confusion over whether a Recovery Agency Board has been set up by the Dr D. Orlando Smith (AL) led Administration.
Strategic planning & high end tourism
Dickson Igwe
In the aftermath of Hurricanes Irma and Maria, and the floods of September 2018, strategic economic planning for the Virgin Islands is no longer an option. Strategic, medium, and long term economic planning is the single route to development and prosperity for the Virgin Islands.
Global Financial Secrecy Index lists VI at # 16
ROAD TOWN, Tortola, VI - On the heels of the United Kingdom (UK) upper chambers, the House of Lords, voting down a proposal on January 24, 2018 for the Virgin Islands (VI) and other Overseas Territories (OTs) to implement a public register that would reveal the names of beneficial owners of financial offshore companies registered in the Territory, the VI has found itself ranked number 16 on the 2018 Financial Secrecy Index (FSI) by the Tax Justice Network (TJN).
Gov’t Members were unaware of ‘High Level Framework’ document- Skelton-Cline
ROAD TOWN, Tortola, VI- While the Draft Recovery and Development Plan document is widely circulated in the Virgin Islands, another document dubbed ‘High Level Framework for UK support to the BVI Hurricane Recovery’ is now making headlines.
UK Lords voted against public register; Small victory for VI’s offshore sector
PARLIAMENT SQUARE, London, UK- The United Kingdom (UK) upper chambers, the House of Lords, voted down a proposal on January 24, 2018 for the Virgin Islands (VI) and other Overseas Territories (OTs) to implement a public register that would reveal the names of beneficial owners of financial offshore companies registered in the Territory.
Premier Smith ignores Opposition Leader’s call for CDB loan breakdown
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr The Honourable D. Orlando Smith (AL) has ignored the call by Opposition Leader and Representative for the First District, Honourable Andrew A. Fahie, to name the members of the Independent Recovery Agency Board and outline the plans for the spending and monitoring of the $65 million Caribbean Development Bank (CDB) loan.
Economic planning in an austere culture
Dickson Igwe
Effective long term strategic economic planning, specific to a country’s customs, traditions, and culture, is great for everyone: national stakeholders, citizens, employees, employers, businessmen, investors, and governments. However, any type of economic planning for the [British] Virgin Islands must take into account the various nuances, arguments, and discussions, of contemporary western economics.
CGB Sewerage Project expected to begin in third quarter of 2018
CANE GARDEN BAY, Tortola, VI- Residents of Cane Garden Bay, on the main island of Tortola, were told they could have a new and fully optimised and automated sewerage system in their community before the end of 2018, bringing an end to sewage on the streets and untreated sewage being discharged into the ocean.
Damaged Tortola mailboxes after Irma & Maria means long lines for mails
ROAD TOWN, Tortola, VI- Some four months later, the Territory is still feeling the effects of the devastation and destruction caused by hurricanes Irma and Maria.
UPDATE: Dona L. Regis Out! Vance M. Lewis In! as TPP Boss
ROAD TOWN, Tortola VI – As first and accurately reported by this news outlet on January 22, 2018, Mr Vance M. Lewis has been placed as the Chief Executive Officer (CEO) of Tortola Pier Park Limited (TPPL), succeeding Ms Dona L. Regis, who leaves on January 31, 2018.
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