BVI News

Category: Finance/Business

Price gouging not addressed in current laws – Penn

Price gouging not addressed in current laws – Penn

It appears the government does not have power under law to take strong action against business operators who were involved in price gouging following widespread devastation caused by Hurricane Irma on September 6. Junior Minister of Trade Marlon Penn told […]

by / on October 5, 2017 at 8:30 AM /
Importers urged to be patient amid issues at ports

Importers urged to be patient amid issues at ports

Premier Dr D Orlando Smith has urged importers to be patient, adding that his administration is working to address issues being faced regarding the clearance of goods at the territory’s ports. “I am aware of issues clearing goods that business […]

by / on September 29, 2017 at 7:00 AM /
Gov’t generators will not be donated willy-nilly

Gov’t generators will not be donated willy-nilly

By Davion Smith, BVI News Online Journalist While noting that persons will have to apply and be assessed for their businesses to get generators being acquired by Government, Director of Trade Karia Christopher said donations will first be made to […]

by / on September 28, 2017 at 7:47 AM /
Premier reveals ‘priority’ businesses to help

Premier reveals ‘priority’ businesses to help

Premier and Minister of Finance Dr D Orlando Smith has named some ‘priority areas of industry’ that he said are being targeted as the Trade Department swings back into operation following widespread destruction of businesses and homes during category 5 […]

by / on September 27, 2017 at 1:07 PM /
Jobs affected – Cable company cites major loss

Jobs affected – Cable company cites major loss

At a time of heightened expectation that there may be job losses throughout the private sector as a result of hurricanes Irma and Maria, one company has announced what it described as a painful and temporary reorganization of its workforce. BVI […]

by / on September 27, 2017 at 7:50 AM /
BVI banks to close at noon on Tuesday

BVI banks to close at noon on Tuesday

Banks throughout the British Virgin Islands will close at mid-day tomorrow (September 5), said the BVI Bank Association. It further stated that the early closure is in light of the ‘anticipated arrival’ of Hurricane Irma. The British Virgin Islands, along […]

by / on September 4, 2017 at 7:00 AM /
Financial services gets big vote of confidence

Financial services gets big vote of confidence

The British Virgin Islands (BVI) financial services industry has received a big vote of confidence from the territory’s brand new governor, Augustus Jaspert, who arrived from the United Kingdom this week. During a swearing-in ceremony at the High Court in […]

by / on August 25, 2017 at 8:31 AM /
Conflict of interest costly to taxpayers – Dawson

Conflict of interest costly to taxpayers – Dawson

Member of the Virgin Islands Party and former President of the H Lavity Stoutt Community College Dr Karl Dawson said he is still concerned about the issue of conflict of interest in the territory. According to him, the practice is […]

by / on August 24, 2017 at 7:58 AM /
REPORT: Company incorporation finally increases

REPORT: Company incorporation finally increases

For the first time in five years, the British Virgin Islands (BVI) has recorded an increase in company incorporation for a second quarter – April to June. When compared to the second quarter last year, incorporation this year increased by […]

by / on August 17, 2017 at 7:00 AM /
AUDIO: Sharman vows to ensure good governance

AUDIO: Sharman vows to ensure good governance

Newly appointed Auditor General Phil Sharman reported to work on Monday (August 14), vowing to serve the people and the House of Assembly, and to to ensure there is proper accountability and good governance in the British Virgin Islands (BVI). […]

by / on August 16, 2017 at 5:38 PM /