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Finance and Business

July 12th, 2014
$35m not enough; project could cost up to $70m – Hon Andrew A. Fahie

ROAD TOWN, Tortola, VI – First District Representative Hon Andrew A. Fahie believes that the Cruise Pier Development Project could escalate to about $70 million dollars by the time the land-side development and other aspects of it come to an end and does not feel the $35 million received by Government is nearly enough.

July 12th, 2014
‘Flax Craft’ fine jewellery store reopens after 28 years

ROAD TOWN, Tortola, VI – Sitting between the doors of the BVI Tourist Board Offices is one of the newest fine jewellery stores in the Virgin Islands ‘Flax Craft’. Though they may be seen as new to some, others would recall them thriving in the business since the early 1970’s.

July 10th, 2014
Is Lorna Smith wife of Premier a Gov’t consultant?

ROAD TOWN, Tortola, VI - There continues to be whispers that Mrs. Lorna Smith OBE the wife of the Premier and a former Permanent Secretary is a government consultant and is now doing work with the International Finance Centre, a department she once headed.

July 10th, 2014
Foreigners favoured in top positions – radio show caller

ROAD TOWN, Tortola, VI – A caller to the radio talk show Speak Out BVI with Douglas Wheatley on Tuesday evening July 8, 2014 on ZBVI 780AM expressed dismay with what he said was the employment of foreigners to certain top positions over locals who can do the job.

July 8th, 2014
Premier Smith on FATCA: ‘This is nothing about selling out anything’

ROAD TOWN, Tortola, VI – When Premier and Minister of Finance Dr the Honourable D. Orlando Smith presided over yet another of his press conferences today July 8, 2014 he addressed media operatives on the issues of developments as it related to the National Business Bureau and the signing of the Foreign Accounts Tax Compliance Act (FATCA) agreement with the US government.

July 5th, 2014
Insurance Association of the BVI officially re-launched

WICKHAM’S CAY II, Tortola, VI – When the Insurance Association (BVI) was officially launched on June 20, 2014, of the many things that were highlighted by speakers were the benefits to be derived and the need for education at various levels.

July 4th, 2014
Ports Authority project: 'What corruption!' – Edmund G. Maduro

ROAD TOWN, Tortola, VI – Radio commentator Edmund G. Maduro said the usurping of the Cruise Pier Development project by the Minister for Communications and Works and the sudden and unexplained increase in project scope and cost were manifestations of corruption and urged persons to consider these factors when voting in the next general elections.

June 27th, 2014
'Go Public with CCT decision' – Digicel tells TRC

ROAD TOWN, Tortola, VI – Digicel is publicly requesting that the Telecommunications Regulatory Commission (TRC) of the Virgin Islands publish its formal written decision relating to its recent announcement that it had fined CCT $50,000 for "illegal and unauthorized" use of the LTE spectrum in the Virgin Islands.

June 27th, 2014
UPDATE: Airport, Cruise Port caused increase in expenditure – Premier Smith

ROAD TOWN, Tortola, VI – Activities surrounding the controversial Terrance B. Lettsome International Airport, the Cruise Pier Development, the “shoddy” road repair works as described by residents and other projects have been blamed for the spike in expenditure for the Territory.

June 20th, 2014
Appoint Kye M. Rymer as DMV Commissioner – Hon Mark H. Vanterpool

ROAD TOWN, Tortola, VI – When Minister for Communications and Works Honourable Mark H. Vanterpool took to the microphone to give brief remarks at the launching of the commemorative license plate for the 60th anniversary of Festival on Thursday June 19, 2014, he called for the acting Commissioner of Department of Motor Vehicles Mr Kye M. Rymer to be appointed to the position.

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