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Finance and Business
Step out in Faith: O’Neal family opens The Food Store
ROAD TOWN, Tortola, VI – In what was described as a much needed relief to the Pockwood Pond area, The Food Store was officially opened this morning February 3, 2012 at the R & R Malone Complex.
Delta Petroleum assures VI of “world market” fuel prices
ROAD TOWN, Tortola, VI – Regional General Manager of Delta Petroleum Bevis Sylvester is assuring the Virgin Islands public that the closing of the Hovensa Oil Refinery in St. Croix will not impact its distribution of fuel and prices in the Territory as the company is actively in negotiations with other refineries and will maintain world market prices.
Effective February 1: Import duties reduced!
ROAD TOWN, Tortola, VI – Effective today Wednesday February 1, 2012, persons importing goods into the Territory will see a reduction in their duty charges as they will only be required to pay duty on free on board costs as opposed to the previous practice of paying on cost, insurance and freight.
No “immediate” impact expected on fuel price or electric bill from Hovensa closing
ROAD TOWN, Tortola, VI – Customers can breathe a sigh of relief for the next five months, as assurances have been given from the BVI Electricity Corporation that their utility charges will not fluctuate based on the closing of the Hovensa Oil Refinery in St. Croix while fuel prices at the pumps is also expected to remain the same during that period.
ICWI joins the insurance bandwagon in the VI!
ROAD TOWN, Tortola, VI – With the reputation of providing comprehensive and reliable insurance to their clients throughout the Caribbean, the Insurance Company of the West Indies Limited (ICWI) has now partnered with Alphonso Warner Insurance Agency to introduce its services to the Virgin Islands (VI).
Virgin Islands News Online launches mobile version of site
ROAD TOWN, Tortola, VI - Today, Thursday January 26, 2012, the now number one news site in the VI, Virgin Islands News Online, launched its mobile site. This means that its over seven thousand readers per day have another option of getting unto the website.
Sugar Mill Hotel wins prestigious Bloomberg Award in London
ROAD TOWN, Tortola, VI- Last week, Wednesday, the Sugar Mill Hotel of Tortola won the prestigious International Hotel Award (IHA) for best Small Hotel in the Caribbean.
It’s not too late to do the right thing for JVD – businessman
ROAD TOWN, Tortola, VI - A prominent businessman on Jost Van Dyke says it is not too late for the Government to do the right thing for Jost Van Dyke and take care of the island’s basic necessities which are pivotal to residents and the island’s main source of income – tourism.
ECSC hears arguments in $1.45 billion Madoff-related litigation in VI
ROAD TOWN, Tortola, VI - According to a Harneys press release, the Court of Appeal of the Eastern Caribbean Supreme Court sitting in the Virgin Islands yesterday January 17, 2012 began hearing arguments in the greatly anticipated appeals involving claims brought by the liquidators of Fairfield Sentry Limited ("Fairfield").
$13M for capital projects will affect sluggish economy – Christopher
ROAD TOWN, Tortola, VI – Describing the budget as a survivable one, 2nd district representative Hon. Alvin Christopher is a bit worried that Government is putting too much money into the reserve fund too soon when there are capital projects outstanding to improve the lives of residents.
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