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Finance and Business
The price increases are coming!
Thomas C. Famous
In or around 1776, Paul Revere was cited as saying “The British are coming, the British are coming!!” There are some disputes as to if it was him or someone else who said it. Yet, the undeniable fact is that the British, under Cornwallis, did come. It took a while, but those same British had to sail themselves back to "Jolly ole Englande" to face the wrath of King George.
Gov’t’s appeal against unjustified fuel price increases had an ‘impact’- Skelton-Cline
BAUGHERS BAY, Tortola, VI- Opposition Leader Hon Marlon A. Penn (R8) may have slammed the attempt by the Government of the Virgin Islands to take action to mitigate unjustified price increases as just ‘a smoke screen’ and ‘hot air’; however, commentator Claude O. Skelton-Cline has said the announcement alone had an immediate impact.
Puerto Rico exits bankruptcy after grueling debt negotiation
ASSOCIATED PRESS
SAN JUAN — Puerto Rico’s government formally exited bankruptcy Tuesday, completing the largest public debt restructuring in US history after announcing nearly seven years ago that it was unable to pay its more than $70 billion debt.
Gov’t’s clampdown on unjustified price increases ‘simply just hot air’- Marlon A. Penn
ROAD TOWN, Tortola, VI- Opposition Leader and Representative of the Eighth District Hon Marlon A. Penn has slammed the announced attempt by the Government of the Virgin Islands to take action to mitigate unjustified price increases as just ‘a smoke screen’ and ‘hot air’.
Tarris Hill Associates approved by Cabinet to build social home in Fat Hogs Bay
ROAD TOWN, Tortola, VI- As the Government of the Virgin Islands continues to try to meet the needs of its people in these challenging times, a new social home is to be constructed in Fat Hogs Bay, Tortola.
USVI lifts indoor mask mandate
VI CONSORTIUM
FREDERIKSTED, St Croix, USVI- US Virgin Islands (USVI) Governor Albert A. Bryan Jr, during his Monday, March 14, 2022, press briefing lifted the indoor mask mandate in the USVI effective immediately.
'Stop it immediately!' Premier Fahie tells price gougers
ROAD TOWN, Tortola, VI- A task force that will include Her Majesty's Customs will be monitoring the prices at service stations and supermarkets in an attempt to protect consumers from price gouging, as some businesses have already 'unjustifiably' hiked their prices.
'Landownership more important than tax revenue'- Dr Wheatley on Stamp Duty Waiver
DUFF’S BOTTOM, Tortola, VI- The Government of the Virgin Islands may have forfeited some $5.5M in much-needed revenue due to the waiving of Stamp Duty of land and property sales or transfer for locals and belongers last year; however, according to Deputy Premier Dr the Hon Natalio D. Wheatley (R7), the empowerment of the VI people was more important.
Cruising Permit Fee in VI waived for locals & belongers
ROAD TOWN, Tortola, VI- The Premier Andrew A. Fahie-led Government of the Virgin Islands has made a conscious move to waive the cruising permit fee only for locals/belongers, with immediate effect.
‘Give 1st time property owners 100% financing’- Premier to local banks
DUFF'S BOTTOM, Tortola, VI- The leader of the Government of the Virgin Islands has appealed to banks operating in the territory to grant first time homeowners or property owners who are Belongers 100% financing to purchase property under the new Stamp Duty Waiver initiative.
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