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Finance and Business
Fuel import duty to reduce by 50%; Customs duty on all goods to reduce to 5%- Premier
ROAD TOWN, Tortola, VI- Residents of the Virgin Islands are set to benefit from another round of economic stimulus, this time it will be on customs and fuel import duties, Premier and Minister for Finance Hon. Andrew A. Fahie (R1) has said.
'Good progress' being made with UK on advancing Medical Marijuana in VI- Premier
ROAD TOWN, Tortola, VI- The VI 'Medicinal Cannabis Licensing Act, 2020' was passed with amendments since June 30, 2020, in the Virgin Islands House of Assembly (HoA), however, the bill is yet to become law until it is assented to by the United Kingdom (UK) appointed Governor of the Virgin Islands (VI).
Frenchman’s Cay Bridge construction actively underway
FRENCHMAN’S CAY, VI- Construction of the new Frenchman’s Cay Bridge is in progress and in a few months residents and visitors will be able to use a stronger and safer bridge.
Rising fuel costs: 'VI may have to start utilising donkeys again'– Akeem R. Pickering
BAUGHERS BAY, Tortola, VI- Former Acting Deputy Managing Director of the BVI Ports Authority Mr Akeem R. Pickering said Virgin Islanders may have to resort to utilising domestic animals for transportation in the face of the rising cost of fuel occurring globally due to the war caused by the ongoing invasion of Ukraine by Russia.
The Moorings optimistic of resolving compliance issues in 1 or 2 weeks- Peter Cochran
ROAD TOWN, Tortola, VI- The Moorings, the largest sailing fleet in the [British] Virgin Islands which had a number of its vessels detained for being non-compliant with the territory’s laws, is optimistic of resolving its issues as early as next week.
Field trips for schoolchildren among plans for Global Money Week 2022
PASEA ESTATE, Tortola, VI- Money Matters BVI (MMBVI), the financial literacy and financial education programme at the BVI Financial Services Commission (BVIFSC), will lead the [British] Virgin Islands as it joins the rest of the world in marking Global Money Week 2022 from Monday, March 21 through 27, 2022.
Nearly 200 non-compliant charter vessels detained by HM Customs
ROAD TOWN, Tortola, VI- Some 184 vessels detained recently by the Her Majesty's Customs (HMP) have been given an extended grace period to pay up on fines or face stiffer penalties.
Cabinet approves $1.3M for immigration detention costs via Supplemental Appropriations
ROAD TOWN, Tortola, VI- The Cabinet of the Virgin Islands met on February 9, 2022, and among other things decided that the funding for associated costs for temporary lodging, security services and meals for immigration detainees be provided via Supplementary Appropriations.
Broderick Penn blasted for demonising clampdown on defaulting charter boats
ROAD TOWN, Tortola, VI- Recently persons in the yacht charter industry have taken to social media to complain about the clampdown by HM Customs on vessels not in compliance with the territory’s laws, including not having a valid license or safety certificate.
Festivals will happen ‘in some shape or form’- Premier Fahie
ROAD TOWN, Tortola, VI- Now that the Virgin Islands is learning to live and work in this COVID-19 era, efforts are being put in certain events that had to be postponed or reduced to a virtual experience. This includes the VG Easter Festival and VI Emancipation Festival.
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