Category: Finance/Business

No loss of confidence – BVI Finance

No loss of confidence – BVI Finance

Leaders in the British Virgin Islands financial services industry said there is still no sense of loss of confidence or business in the industry despite the territory being hit severely by Hurricane Irma on September 6. Gary Hales, Head of […]

by / on October 16, 2017 at 3:11 PM /
Government, several others beg funds online

Government, several others beg funds online

By Davion Smith, BVI News Online Journalist Since the British Virgin Islands (BVI) was pounded by Hurricane Irma, a number of individuals and organizations such as Government have taken to the World Wide Web with outstretched palms seeking financial donations. The most […]

by / on October 16, 2017 at 2:12 PM /
BVI seeks loans, investors after some $3.3B damage

BVI seeks loans, investors after some $3.3B damage

While noting that damage to the territory as a result of recent natural disasters is estimated at some $3.3 billion across all sectors, Premier Dr D Orlando Smith said his administration will use an appropriate mix of financing including grants […]

by / on October 13, 2017 at 8:31 AM /
Business owners down-spirited, done with BVI

Business owners down-spirited, done with BVI

Davion Smith, BVI News Journalist A number of business owners who suffered losses as a result of looting and Hurricane Irma have pledged to never operate in the British Virgin Islands again, said Leader of the Opposition Andrew Fahie. Reports […]

by / on October 13, 2017 at 7:52 AM /
Pay finally ready, public workers told

Pay finally ready, public workers told

After missing two deadlines to pay public officers for work done throughout the second half of September, Government said the payments are finally available. Deputy Governor Rosalie Adams, who is in charge of the public service, today disclosed: “I am […]

by / on October 13, 2017 at 7:50 AM /
No import duties on vehicles, food, clothing

No import duties on vehicles, food, clothing

Food, clothing, vehicles and other non-luxury items have been added to the list of goods on which Government is waiving customs duties, Premier and Minister of Finance Dr D Orlando Smith announced yesterday, October 12. He said the move is […]

by / on October 13, 2017 at 7:34 AM /
Continue to spend money, Christopher urges residents

Continue to spend money, Christopher urges residents

Director of Trade Karia Christopher has appealed for persons to continue spending money, adding that spending is important to stimulate businesses and ensure there is a sense of normality in the local economy, which has been hit severely by a […]

by / on October 10, 2017 at 8:00 AM /
Pay for gov’t workers further delayed

Pay for gov’t workers further delayed

Public officers will face a further delay in the payment of their final wages for September. The Office of the Deputy Governor, which is headed by Rosalie Adams, blamed the delay on technical difficulties, but said the payments should be […]

by / on October 9, 2017 at 1:48 AM /
NO MORE BILLS – Cable company formally signs off

NO MORE BILLS – Cable company formally signs off

Knocked out of operation by relatively powerful winds associated with Hurricane Irma on September 6, BVI Cable TV today gave the clearest indication of continued losses when it announced the suspension of all bills. It hopes to resume business when […]

by / on October 5, 2017 at 2:40 PM /
No charge for service not used during hurricane disruption

No charge for service not used during hurricane disruption

Telecom company CCT has announced that it will not charge customers for the period they were without service as a result of Hurricane Irma, adding that the relief credits will be reflected on the September bills. But the company noted […]

by / on October 5, 2017 at 2:06 PM /