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Finance and Business
Budget Address reveals big rebound for VI tourism after COVID downfall
DUFF'S BOTTOM, Tortola, VI – After an abysmal downward spiral in tourism arrivals in the Virgin Islands (VI) as a result of the COVID-19 pandemic, the Budget Speech for 2023 delivered by Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) has revealed numbers to show the industry is reviving.
Premier Wheatley presents $399.33M Budget for 2023
DUFF'S BOTTOM, Tortola, VI- In a Budget Address that lasted for more than 1 hour and 45 minutes, Premier and Minister of Finance, Dr the Honourable Natalio D. Wheatley (R7) presented a conservative budget of $399.33M for 2023, which represented a decrease of $21.17M compared to the revised budgeted expenditure for 2022.
Insolvency Act passed despite some legislators unsure about bill
ROAD TOWN, Tortola, VI – The Virgin Islands Insolvency (Amendment) Act 2022 was passed at the continuation of the Eighth Sitting of the Fourth Session of the Fourth House of Assembly, on November 24, 2022, despite some legislators unsure what the bill was about.
Today, Nov 29, 2022 is Budget Day; Finance Minister Wheatley’s first Budget
DUFF'S BOTTOM, Tortola, VI- It was in May of this year that Dr the Honourable Natalio D. Wheatley (R7) became Premier and Minister of Finance in a coalition regime of three political parties. Today, November 29, 2022, Dr Wheatley will deliver his first Budget Address.
SSB spent over $16.5M to purchase land from 2016 to 2018
DUFF’S BOTTOM, Tortola, VI- They say who owns the land owns the country! Social Security Board (SSB) then seems well on its way to owning the territory, having purchased over 137.6 acres of land over a 3-year span, beginning in 2016 under then Director Antoinette Skelton.
‘Businesses starting to get irritated’ with many holidays in VI- Hon Vincent O. Wheatley
PASEA ESTATE, Tortola, VI- Ninth District Representative Hon Vincent O. Wheatley has suggested the Virgin Islands (VI) should reconsider the number of yearly public holidays as they are seen as a burden to businesses in the territory.
Digicel celebrates 14 years in the VI
ROAD TOWN, Tortola, VI- Digicel is celebrating 14 years in the [British] Virgin Islands with a weekend of gifting and surprises for customers.
Accepting the lies or repeating the truth
Alred C. Frett
Don’t tell us we are wrong or, you will hurt our Feelings:
Persons are quick to express concern that things they heard before are being repeated but hesitate to say whether they are learning from the provided information… Many seem to have developed an allergy to Truth and by seeking to avoid or discredit facts, they expose their own Children to the dangers and fantasy of lies while making themselves deceivers and misleaders of this and successive generations.
European court rules against EU on Public Registers of Beneficial Ownership
LUXEMBOURG CITY, Luxembourg- In a strong affirmation of the position taken by the [British] Virgin Islands and other British Overseas Territories over many years, the European Union Court of Justice today, November 22, 2022, struck down the European Union (EU) mandate for public registers of beneficial ownership of all companies.
‘Randomised selection’ for Joe’s Hill homes possible- Hon Penn
DUFF’S BOTTOM, Tortola, VI- The Social Security Board (SSB) has embarked on a three-step Applicant Selection Process: comprised of verification, pre-approval, and final selection procedures, for units at Joe’s Hill Manor Estate.
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