News
VI, UK relations at critical juncture with UK elections looming- E. Benito Wheatley
NEW YORK, New York - The British Virgin Islands' relationship with the United Kingdom is at a critical juncture with the UK General Election looming on July 4, 2024, that is shift power from the ruling party to the opposition party according to Special Envoy to the Premier Mr E. Benito Wheatley.
UN Associate Members push for more financing @ SIDS4 conference
ST JOHN’S, Antigua & Barbuda - The Virgin Islands and other Associate Members of the United Nations (UN) regional commissions (ECLAC and ESCAP) have completed successful participation at the Fourth International Conference on Small Island Developing States (SIDS4) in Antigua and Barbuda that ended on May 30, 2024.
BVI Business Banking Expo set for June 6, 2024- Hon Smith
ROAD TOWN, Tortola, VI– Persons in the finance sector in the Virgin Islands (VI) can get ready for the BVI Business Banking Expo slated for June 6, 2024. The Expo is slated to bring financial institutions, the regulators, business owners, and entrepreneurs from across the territory to discuss the latest trends and innovations in banking.
Money Matters BVI launches 4th annual Piggy Bank Pageant
ROAD TOWN, Tortola, VI – Money Matter VI (MMBVI), the financial literacy function at the BVI Financial Services Commission, has announced the launch of its fourth annual Piggy Bank Pageant (PBP) in the Virgin Islands.
VI Deposit Insurance Corporation launched to usher in new era of Financial Security
ROAD TOWN, Tortola, VI - The Ministry of Finance has announced the establishment of the Virgin Islands Deposit Insurance Corporation (VIDIC), a crucial step towards enhancing financial security for depositors within the Territory of the Virgin Islands.
VI's position on PARBO will continue to meet human rights obligations - Gov't
ROAD TOWN, Tortola, VI – While British Overseas Territories (OTs) and Crown Dependencies including the [British] Virgin Islands (VI) have previously committed to the implementation of publicly accessible registers of beneficial ownership, commonly referred to as PARBO, the Virgin Islands has taken a new position based on a recent decision by the European Court of Justice.
VIP Gov’t forecasting increased revenue from taxes in 2024
ROAD TOWN, Tortola, VI– The Government of the Virgin Islands (VI) is forecasting an overall revenue increase from its government services and taxes by $5.65 million over 2023 revenues to $382.67 million in 2024.
Some 60% VI public servants considered ‘working poor’- Premier Wheatley
ROAD TOWN, Tortola, VI– An adjustment of the Virgin Islands (VI) minimum wage is underway to improve wages for persons specifically in the public service, referred to as the ‘working poor” in the territory by the Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7), in his 2024 Budget Speech delivered on November 21, 2023.
Youth & Capital
Dickson C. Igwe
The story of capital and social inequality offers the assertion that in a world ruled by capital, it is imperative young Virgin Islanders and residents understand economics and finance.
VI Gov’t takes steps toward public debt reform with self-assessment
ROAD TOWN, Tortola, VI - The Government of the Virgin Islands (VI) has undertaken a Debt Management Self-Assessment to evaluate the various processes and institutions currently in place to guide public debt activities as facilitated by the Commonwealth Secretariat’s Debt Management Unit from September 18 to 29, 2023, and spanned the full gamut of government debt management functions.
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