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Finance and Business
Premier announces exemption of fuel surcharge on electricity bill
ROAD TOWN, Tortola, VI – Premier and Finance Minister Dr. the Hon. D. Orlando Smith in delivering his government’s budget earlier today, November 15, 2012 has announced, what he termed as relief for the people of the Virgin Islands, an exemption of the fuel surcharges on electricity bills for residential homes for the two months ahead.
$298, 729, 000 National Budget for 2013 announced
ROAD TOWN, Tortola, VI- Premier and Minister for Finance Dr. The Honourable D. Orlando Smith has announced a budget of some $298, 729, 000 for 2013.
Levels of compliance with FATF Reco's not encouraging- CFATF Chairman
ROAD TOWN, Tortola, VI- Chairman of the Caribbean Financial Action Task Force Manuel Gonzalez has disclosed that after three rounds of assessments at the CFATF Plenary being held in the Virgin Islands, the levels of compliance with the Financial Action Task Force (FATF) recommendations generally amongst the membership were not particularly encouraging.
Elements of money laundering & terrorist financing must not have upper hand- Premier Smith
ROAD TOWN, Tortola, VI- Those who engage in the activities of money laundering and terrorist financing neither know nor respect borders; they permeate every territorial boundary and, if left unchecked, can create instability and distort national economies.
Digicel 4G for November 16 launch!
ROAD TOWN, Tortola, VI – The CEO of Digicel BVI, Declan Cassidy, has officially announced the launch date of Digicel’s new 4G plan as Friday November 16, 2012.
Greed, Envy & Corruption blocking B&F Medical project- ‘AC’ Frett
ROAD TOWN, Tortola, VI- Relating that his plan to construct a new medical facility at Pasea Estate has been blocked by the “powers that be”, Mr Alred ‘AC’ Frett has blamed the alleged act on what he terms as greed, envy and corruption which is only serving to deny progress of a Virgin Islander and improved health care for the Territory.
VI financial service industry at crossroads - resident
SEA COWS BAY, Tortola, VI – One resident has added his voice to the call for closer inspection of the financial services industry. He noted that the industry is currently at the crossroads and sounded an ominous warning for its future on the local shores.
VI’s Budget Day is November 15, 2012!
ROAD TOWN, Tortola, VI- The fourth sitting of the second session of the House of Assembly (HOA) of the Virgin Islands will be held on Thursday November 15, 2012. The highlight of the sitting will be the Budget Address by the Virgin Islands’ Minister of Finance and Leader of Government Business Dr. the Honourable D. Orlando Smith.
Downsizing of Financial Services entities being noted by Premier Smith
HUNTUMS GHUT, Tortola, VI- Noting that the economic pillar- financial services sector- continues to perform well for the people of the Virgin Islands, Premier Dr the Honourable D. Orlando Smith has , however, noted with concern that several companies in that sector have been downsizing.
“I won’t sit still” until completion of Great Mt. road works – Delores Christopher
HUNTUMS GHUT, Tortola, VI – Fifth District Representative Hon. Delores Christopher has vowed that she “won’t sit still” until the completion of the Great Mountain road works, which is currently underway.
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