The BVI’s earnings from registering corporations in the territory dropped to $168.9 million in 2020. This amount is $29.8 million or 15 percent lower than what was earned in 2019. As an offshore financial centre, registering international corporations is one […]
Archive for November, 2020
Gov’t attracting investors by offering residency
As the government continues to find innovative ways to keep economic activity flowing in the British Virgin Islands, Premier Andrew Fahie has announced plans to develop an Invest-and-Stay programme. The Premier said the programme will attract potential investors from all […]
BVI not corrupt! Premier calls for retraction of ‘irresponsible’ claim
Labelling claims that the BVI is corrupt as an “irresponsible” assertion, Premier Andrew Fahie has called for a retraction of such statements. Following the recent $250 million drug seizure that has implicated a local police officer, claims of corruption being present […]
BVIPA workers will return to regular pay as of December
Daily-paid BVI Ports Authority (BVIPA) workers who had their job hours cut six months ago due to COVID-19, will have their wages restored to its original level as of December. Premier Andrew Fahie made this announcement during his 2021 budget […]
Proposals submitted for solar farms in Cox Heath on Tortola
The BVI Electricity Corporation (BVIEC) is currently assessing the feasibility of two proposals submitted by private developers wishing to construct solar panel farms in the Cox Heath area. Premier Andrew Fahie announced this news during his 2021 budget presentation on […]
Mega-ship pier and luxury hotel to be constructed at Pier Park
Two major development projects to include a mega-ship pier and a luxury hotel will be constructed at the Cyril B. Romney Tortola Pier Park. This according to Premier Andrew Fahie who said the BVI Ports Authority (BVIPA) is adapting to […]
Gov’t announces $402M budget for 2021! Sum less than 2020
Premier and Minister of Finance, Andrew Fahie has announced the territory’s 2021 budget to be $402,132,046. This figure is some $12 million less than the 2020 budget, which was $414,008,611. Giving a breakdown of the allocations in the House of […]
Fahie details $158M improvement plan for Beef Island Airport
The BVI Airports Authority (BVIAA) is presently working on a $158 million Capital Improvement Programme (CIP) that will completely transform the Terrance B Lettsome International Airport into a modern facility by 2025. Delivering his address in the House of Assembly […]
Should elected gov’t take charge of National Security portfolio?
One member of the legal fraternity has signalled that it is now time for the BVI to decide whether it wants the portfolio of National Security to be given to the elected government or remain under the Office of the […]
Nat’l Security Council considering to get more help from UK
The National Security Council (NSC) is now considering whether further external assistance from the United Kingdom (UK) is needed to tackle corruption in the territory. Governor Augustus Jaspert made that statement during Tuesday’s media briefing to announce the territory’s quarter-billion-dollar […]
