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Finance and Business
Finally! $30m Nanny Cay expansion kick-starts
SEA COWS BAY, Tortola, VI – When word first hit the streets of Nanny Cay’s proposal to embark on a $30 million expansion project persons anticipated that there would be opportunities of employment as a result of that project.
‘Stop the land speculation now!’ – Edmund G. Maduro
ROAD TOWN, Tortola, VI – Radio commentator and talk show host Edmund G. Maduro believes it is time that the territory puts a halt to land speculation which he believes sends prices of land out of reach of the average Virgin Islander and benefits the rich.
Karl ‘Dub’ Scatliffe resigns as President of BVI Taxi Association
ROAD TOWN, Tortola, VI – Reports just reaching our newsroom is that President of the BVI Taxi Association, Mr Karl ‘Dub’ Scatliffe has tendered his resignation.
Back in SSB money! This time it's $35M for BVIEC
ROAD TOWN, Tortola, VI – The House of Assembly on Monday July 6, 2015 approved a motion for a loan in the amount of $35 million for the completion of the BVI Electricity Corporation (BVIEC) Phase 5 development programme.
HoA approves Cruise Pier loan motion amid Opposition silence
ROAD TOWN, Tortola, VI - The House of Assembly today July 6, 2015 approved a motion for the loan of an additional $15 million for the completion of the landside phase of the controversial cruise pier development project.
Businesses struggling in the VI- Gas station owner
ROAD TOWN, Tortola, VI – Following concerns by consumers that the price for fuel should be lower than it currently is at gas stations around Tortola, one gas station owner has hit back saying consumers should be thankful that the price is not higher, while insisting that business is not so well in the Virgin Islands.
Austerity, reform, & Greek defiance
By Dickson Igwe
The Greek Referendum of Sunday July 5 is a direct challenge to the Greek Consumer on whether or not to accept Austerity, and the ECB, IMF, and Euro Zone prescription, of tight fiscal policy as a condition for bailout funds. If Greece fails to receive financial support from the Troika, this will plunge Greece into an economic crisis that could see its exit from the Euro Zone. Greece could, for the first time, default on debt payments to its creditors.
Scotiabank has new Managing Director: Sarah Hobbs
ROAD TOWN, Tortola, VI – Sarah Hobbs has been appointed Managing Director of Scotiabank BVI, according to a press release from the financial institution.
VI may benefit from LTE spectrum until next year
ROAD TOWN, Tortola, VI – CEO of the Telecommunications Regulatory Commission (TRC) Guy L. Malone said operators will need about six months from the time they receive their licence to deliver LTE services to customers but there needs to be consultation with industry players to determine when those services can be delivered.
Youths in TRC video competition receive prizes
ROAD TOWN, Tortola, VI – Four young people received awards for creating and producing video presentations about the innovations of broadband internet and its importance in everyday life as part of the Telecommunications Regulatory Commission’s (TRC) marking of World Telecommunications and Information Society Day being observed worldwide today.
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