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Finance and Business
Confusion: minimum wage still $4.00 in the VI; no laws to increase to $6.00
ROAD TOWN, Tortola, VI- Confusion and misinformation continue to circulate about the Virgin Islands minimum wage. As of today January 12, 2016 the minimum wage to be paid by law in the British Overseas Territory of the Virgin Islands (VI) remains at $4.00 an hour and not $6.00.
Gov't to subsidise new airline with direct flights to Miami!
ROAD TOWN, Tortola, VI- It was in 2010 that BVI Airways began operations in the Virgin Islands with the Terrance B. Lettsome International Airport at Beef Island as its Headquarters.
Hon Vanterpool to speak on Ports Project ‘soon’
ROAD TOWN, Tortola, VI – Hit with a barrage of stunning disclosures implicating a number of officials of the ruling National Democratic Party (NDP) Government in what is turning out to be the mother of all scandals in the Virgin Islands, Minister for Communications and Works Honourable Mark H. Vanterpool (R4) said he will be speaking on the cruise pier development project soon.
Still no Budget Address date set!
ROAD TOWN, Tortola, VI - While the Government struggles to pay its bills, some statutory Government bodies are complaining about not receiving timely Government contributions via subventions, resulting in late payments to workers, no transparency in terms of the Government’s accurate balance sheets, the National Democratic Party (NDP) Administration is yet to announce a 2016 Budget Address date.
Valuing what money can’t buy!
By Dickson Igwe
Economics deals with the management of scarce resources. But these resources must be allocated a cost. Without a monetary value placed on a scarce resource, economics as a social science ceases to exist.
Holland America cancels call to St Croix, USVI without explanation
VI CONSORTIUM
FREDERIKSTED, St Croix, USVI — Virgin Islands Port Authority Executive Director Carlton Dowe via a press release issued on January 7, 2016, announced that Holland America Cruise Lines had cancelled the January 10, 2016 visit of its Rotterdam ship to St Croix, US Virgin Islands.
‘I’ll tell investment community BVI Govt can’t be trusted!’ – Hugh E. Darley
ROAD TOWN, Tortola, VI – Controversial former developer of the cruise pier project, Mr Hugh E. Darley has disclosed that he will be taking his grievances with the Government of the Virgin Islands to the international investment community to let them know that the National Democratic Party (NDP) Government led by Dr The Honourable D. Orlando Smith cannot be trusted.
NAGICO celebrates Stoby’s Athlete Of The Year Award
ROAD TOWN, Tortola, VI – NAGICO Insurances is extremely proud with the sensational season produced by sponsored-athlete Reuben J. A. Stoby who was named Male Road Racing Athlete of the Year 2015 when the British Virgin Islands Athletics Association (BVIAA) held its 7th Athletes Awards Gala presented by Sol on Tuesday December 29, 2015.
New Chief Executive Officer on the job at CIBC FirstCaribbean
BRIDGETOWN, Barbados- CIBC FirstCaribbean today, January 4, 2016, welcomed its new Chief Executive Officer, Gary Brown, for his first official day in office. Mr Brown was appointed Chief Executive Officer of CIBC FirstCaribbean with effect from January 1, 2016.
Out @ LIME! In @ Digicel! Kareem-Nelson Hull to take up new post
ROAD TOWN, Tortola, VI- After working his last day at telecommunications giant LIME on November 30, 2015, former Corporate Communications Officer Kareem-Nelson Hull is expected to be hired by Digicel (BVI) as head of its Marketing Division.
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