Category: Finance/Business

North West eyes $5M profit annually in BVI

North West eyes $5M profit annually in BVI

The North West Company has announced that it would have spent just under $40 million to control majority shares in Roadtown Wholesale Trading (RTT) located in the British Virgin Islands (BVI). RTT is a privately-held company with seven retail outlets, […]

by / on February 16, 2017 at 8:00 AM /
Bank to visit residents of Anegada, other islands

Bank to visit residents of Anegada, other islands

Residents on Anegada will have a direct opportunity to be serviced by the National Bank of the Virgin Islands (NBVI) as a team from that institution will travel to the island to meet customers and engage the community on Monday, […]

by / on February 15, 2017 at 7:37 AM /
VIP debt now stands at more than $100K

VIP debt now stands at more than $100K

Chairman of the Opposition Virgin Islands Party (VIP) Andrew Fahie this week disclosed that the party’s debt now stands at more than $100,000. While noting that he was questioned about trying to lead an organization with such a debt, the […]

by / on January 27, 2017 at 2:04 PM /
Finance Minister Fahie? Public funds taken away?

Finance Minister Fahie? Public funds taken away?

Chairman of the Opposition Virgin Islands Party (VIP) Andrew Fahie said a government under his stewardship could not handle the territory’s finances worse than the current administration, adding that some persons in government are now even carting off with public […]

by / on January 26, 2017 at 7:23 AM /
Bank announces sale of building housing Bolo’s

Bank announces sale of building housing Bolo’s

The building housing one of the longest serving department stores in the British Virgin Islands, Bolo’s, is being auctioned. The state-owned National Bank of the Virgin Islands (NBVI) made the announcement amid what BVI News Online understands to be a […]

by / on January 25, 2017 at 6:52 PM /
Leonard wins $5K, overseas trip in business clash

Leonard wins $5K, overseas trip in business clash

Akeem Leonard outperformed five contestants to win a local competition, which targets the startup entrepreneurial community in an effort to enhance the British Virgin Islands economy. Leonard – chief executive officer of GreenCrete BVI – won a cheque valued at […]

by / on January 25, 2017 at 8:00 AM /
PREMIER: We must hold elected officials accountable

PREMIER: We must hold elected officials accountable

At a time when his government is being accused of paying scant regard to transparency and accountability, Premier Dr D Orlando Smith has underscored the importance of holding civil servants and elected representatives accountable. “I believe that prudent and responsible […]

by / on January 25, 2017 at 7:32 AM /
Government to get ‘strict’ on people it owes

Government to get ‘strict’ on people it owes

Premier Dr D Orlando Smith has indicated that his government will clamp down on persons whom it owes for goods and services. According to him, protocols regarding the timely submission of claims will be strictly enforced. “Among other things, we […]

by / on January 24, 2017 at 8:08 AM /
Penn selected to lead trade policy committee

Penn selected to lead trade policy committee

Junior Minister for Trade Marlon Penn has been selected to lead a committee that will make recommendations regarding the development of a trade policy for the British Virgin Islands. The Trade Policy Review committee will report to Penn, Government said, […]

by / on January 23, 2017 at 7:00 AM /
BVI Finance gets new board

BVI Finance gets new board

PRESS RELEASE – As part of the company’s journey to become BVI Finance Limited, a public/private partnership created to better support the BVI’s financial services industry, BVI Finance has elected nine persons to its Board of Directors. Premier and Minister […]

by / on January 23, 2017 at 6:03 AM /