Category: Finance/Business

Economy gets vote of confidence

Economy gets vote of confidence

The British Virgin islands (BVI) government has received a strong vote of confidence regarding its handling of the economy, and is being told that it may be envied by much larger economies such as the United States and Britain. That […]

by / on June 23, 2017 at 8:14 AM /
Mainly locals employed in financial services – REPORT

Mainly locals employed in financial services – REPORT

A report funded by the British Virgin Islands government has found that belongers occupy close to 70 percent of positions in the territory’s international businesses and finance centre, followed by expatriates from other Caribbean countries. It should be noted that […]

by / on June 22, 2017 at 11:47 AM /
Gov’t has no ‘undue influence’ over major report

Gov’t has no ‘undue influence’ over major report

By Horace Mills, BVI News Online Staff Financial services leaders in the British Virgin Islands (BVI) are sticking to their position that a report, which speaks glowingly of the territory’s financial services industry, is independent and factual although it was […]

by / on June 22, 2017 at 9:30 AM /
BVI supports 2 million jobs globally -REPORT

BVI supports 2 million jobs globally -REPORT

The British Virgin Islands (BVI) enables global investment and trade, which supports more than two million jobs worldwide, according to a detailed report published today. The report, which analyses the significant global economic contribution of the BVI, will be launched […]

by / on June 21, 2017 at 8:20 PM /
Pull from private sector to help public sector – Governor

Pull from private sector to help public sector – Governor

One of the major issues hurting the British Virgin Islands (BVI) as it relates to succession planning is that talented belongers have been flocking the private sector, Governor John Duncan said. He noted that Government should consider recruiting those talents […]

by / on June 20, 2017 at 9:27 AM /
Don’t pay us on your own, NHI tells employees

Don’t pay us on your own, NHI tells employees

While declaring that it will not allow employees to pay their own contributions into the National Health Insurance (NHI) system, the management of the NHI today emphasized that the onus is on employers to make the necessary payments monthly. “We […]

by / on June 19, 2017 at 11:54 AM /
Incentive Scrapped – Gov’t agrees with Walwyn

Incentive Scrapped – Gov’t agrees with Walwyn

Government has accepted a recommendation education minister Myron Walwyn recently made for operators of charter boats to lose a special incentive they usually enjoy during the typically slow tourism business period each year – May to November. As a result, […]

by / on June 19, 2017 at 7:09 AM /
Merged – CCT touts better service with BVI Cable

Merged – CCT touts better service with BVI Cable

Local telecom company CCT today announced that it has signed an agreement to consolidate its ownership and management with that of BVI Cable TV, subject to Government approval. CCT further said it is looking forward to combining forces with BVI […]

by / on June 16, 2017 at 1:06 PM /
City hunts solution; car washers hunt earnings

City hunts solution; car washers hunt earnings

By Davion Smith, BVI News Online Staff The Office of the City Manger said it is seeking legal advice on how to address concerns about mobile car washes that have been taking up precious parking spaces in the Road Town […]

by / on June 16, 2017 at 9:04 AM /
Law firm hired for over $654K without tender

Law firm hired for over $654K without tender

Minister with responsibility for ports Mark Vanterpool said the tender process, which promotes transparency and fairness in the award of public contracts, was not used in relation to legal services provided for the government’s Cruise Pier Development Project. Law firm […]

by / on June 15, 2017 at 8:22 AM /