Category: Finance/Business

Don’t blame the premier alone – Walwyn

Don’t blame the premier alone – Walwyn

Minister of Education Myron Walwyn thinks persons are unfairly casting all blame on Premier and Minister of Finance Dr D Orlando Smith for the fact that no audited financial report had been presented to the House of Assembly in the […]

by / on March 27, 2017 at 7:13 AM /
Smith reportedly heading on leave amid confusion

Smith reportedly heading on leave amid confusion

Financial Secretary Neil Smith is reportedly heading on leave next week Monday amid a massive controversy and confusion within the Ministry of Finance. At a press briefing today, Governor John Duncan said he too has heard that the financial secretary […]

by / on March 24, 2017 at 3:43 PM /
Pension plan jitters – Liability growing by $8M

Pension plan jitters – Liability growing by $8M

Financial Secretary Neil Smith said the civil service non-contributory pension and gratuities scheme has to be dealt with ‘sooner than later’, adding that the pension allocation in the budget each year is becoming increasingly challenging. He said the liability has […]

by / on March 23, 2017 at 9:21 AM /
Smith apologizes for premier’s wrong info

Smith apologizes for premier’s wrong info

The government has found itself in another embarrassing situation, which has prompted public apologies at the start of this week from Financial Secretary Neil Smith as well as Premier and Minister of Finance Dr D Orlando Smith. The apologies came […]

by / on March 20, 2017 at 7:45 AM /
Premier undermines governor’s reason for using force

Premier undermines governor’s reason for using force

Premier Dr D Orlando Smith has tried to undermine Governor John Duncan’s explanation for using his constitutional powers to force Government to allocate an additional $800,000 in budgetary support to the Royal Virgin Islands Police Force (RVIPF). When the governor […]

by / on March 17, 2017 at 9:28 AM /
Lawmakers square off in parliament over BVI Airways

Lawmakers square off in parliament over BVI Airways

By Horace Mills, BVI News Online Staff Tempers flared in the House of Assembly this afternoon over highly controversial and damaging claims that the privately owned BVI Airways has been involved in insider trading in the United States. Insider trading […]

by / on March 14, 2017 at 2:29 PM /
Revenue increases by more than 90%

Revenue increases by more than 90%

The Department of Trade, Investment Promotion and Consumer Affairs said it raked in a near 92 percent increase in revenue last year. It added that revenue amounted to $1.5 million, compared to the $600,000 that is ‘normally received’ annually. Director […]

by / on March 10, 2017 at 1:16 PM /
MOU signed – Investment amount still a mystery

MOU signed – Investment amount still a mystery

While noting that he is still not sure how much money ICA BVI Group intends to invest in developing the state-owned Prospect Reef Resort on Tortola, Premier and Minister of Finance Dr D Orlando Smith yesterday expressed confidence that the […]

by / on March 9, 2017 at 8:09 AM /
Delinquency hits loan programme

Delinquency hits loan programme

Junior Minister of Trade Marlon Penn has vowed to get tough on entrepreneurs who have been refusing to repay monies borrowed through the government’s National Business Bureau, adding that potential beneficiaries of the revolving loan programme are being affected by […]

by / on March 8, 2017 at 1:22 PM /
Gov’t threatens to sue delinquent taxpayers

Gov’t threatens to sue delinquent taxpayers

The Inland Revenue Department, which is responsible for collecting taxes on Government’s behalf, has threatened legal action against delinquent taxpayers. It did so while announcing an amnesty on penalties and interest from March to June this year. Commissioner at the […]

by / on March 7, 2017 at 7:22 AM /