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News
The Capital Mix
Dickson C. Igwe
The story on capital in the series asks a question relevant to the layperson in economics: What mix of scarce resources best fits in with the outcome and vision of an investor, policy maker, or even a consumer looking at starting a business? That is key to why the creative management of capital is vital for prosperity.
Opposition proposes gov’t borrows to tackle infrastructure, slow economy & crime
ROAD TOWN, Tortola, VI– Leader of the Opposition Hon Ronnie W. Skelton (AL), on behalf of the Members of the Opposition, has proposed the Government and Opposition work together to find ways to address economic and other challenges affecting the people of the Virgin Islands, including borrowing money to fix infrastructure.
VI in a ‘hallmark of sheer anxiety’ over recent events- Hon Penn
EAST END, Tortola, VI - Minister for Health and Social Development under the Unity Government, Hon Marlon A. Penn (R8) has kicked off his 2023 elections campaign pitch with a letter to the East End/Long Look community, promising to continue representing the district and the Virgin Islands, despite the unmitigated levels of anxiety being experienced by citizens.
2023 Budget passed to tune of $412M; Now with Governor for assent
DUFF’S BOTTOM, Tortola, VI - The 2023 Budget of the Virgin Islands (VI) has been passed the tune of $412,971,110, at the Ninth Sitting of the Fourth Session of the Fourth House of Assembly on December 21, 2022.
OneMart stores in ‘every corner of VI’ shows confidence in economy– Premier
DUFF’S BOTTOM, Tortola, VI- Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) has pointed to the opening of OneMart supermarkets across Tortola as a show of confidence in the Virgin Islands' economy.
OneMart to open new supermarket in Lower Estate today, Dec 19, 2022
LOWER ESTATE, Tortola, VI- Persons residing in Lower Estate, Long Bush, Scatliffe Alley and surrounding areas will from today, December 19, 2022, have the convenience of shopping at a supermarket closer to home.
If locals are to benefit from economy, they must be able to fill jobs – Premier
DUFF'S BOTTOM, Tortola, VI - Virgin Islands (VI) Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) says if Virgin Islanders are to truly benefit from local economy, then they must be able to benefit from the job market as well as be able to fill available jobs as production capacity increases.
A productive Virgin Islands
Dickson C. Igwe
Productivity is the increase in economic growth resulting from deliberate social and economic policy. Productivity in the British Virgin Islands means driving the economy towards an increase in economic growth that further leads to a better quality of life for all residents.
'The next pillar is our people'- Premier Wheatley
ROAD TOWN, Tortola, VI- Builders operating in the Virgin Islands over the past weekend heard from Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7) that after Financial Services and Tourism, the people of the Virgin Islands make up the territory’s next pillar.
VI must identify trends & demands of millennial cruise tourists– Hon Rymer
ROAD TOWN, Tortola, VI – With the Cruise Line International Association (CLIA) estimating that some 87% of millennials have indicated a willingness to cruise in 2022, Deputy Premier Hon Kye M. Rymer (R7) said the Virgin Islands must identify those millennial trends to cater to the demographic.
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