BVI News

Archive for December, 2023

Connectivity unleashed: TRC’s survey shapes BVI’s satellite technology

Connectivity unleashed: TRC’s survey shapes BVI’s satellite technology

The British Virgin Islands (BVI) is on the brink of a telecommunications revolution, and you’re invited to lead the charge. The Telecommunications Regulatory Commission (Commission) is putting the power in your hands with a survey aiming to redefine telecommunications services […]

by / on December 15, 2023 at 6:16 AM /
Wealth hidden in tax havens could help fight climate crisis

Wealth hidden in tax havens could help fight climate crisis

The amount of tax lost every year to multinational corporations and wealthy individuals using tax havens is on par with the amount of money needed each year to cover the estimated cost of climate-induced loss and damage. This is the […]

by / on December 15, 2023 at 6:08 AM /
The tourism hotspot, Quito's Gazebo in Cane Garden Bay

Vanterpool family purchasing Quito’s Inn and Restaurant

Former lawmaker Mark Vanterpool has announced that his family group is expected to purchase the Quito’s Inn & Restaurant establishment in Cane Garden Bay. Vanterpool was speaking recently at the ceremony for another acquisition for his family group — the […]

by / on December 14, 2023 at 10:05 AM /
Banco Popular is one the banks that operate in the British Virgin Islands.

Banco Popular to have 5-day banking in VG next year

Ninth District Representative Vincent Wheatley has announced that Banco Popular on Virgin Gorda will expanding the number of days it offers baking services on the sister island. The bank currently operates on a three-day schedule and Wheatley said he was […]

by / on December 14, 2023 at 7:26 AM /
The Terrance B International Airport

Airport expansion not considered by UK in debt levels

Premier Dr Natalio Wheatley has disclosed that the United Kingdom will not consider loan funding acquired for the BVI’s planned airport expansion project as part of the territory’s debt limits. He said this was expressed in discussions had with British […]

by / on December 14, 2023 at 6:55 AM /
Police charge unnamed gov’t official with Breach of Trust

Police charge unnamed gov’t official with Breach of Trust

The Royal Virgin Islands Police Force (RVIPF) announced that Breach of Trust charges were laid against a senior government official on Wednesday, December 13, concerning an ongoing investigation within His Majesty’s Customs. Despite repeated inquiries from the media, there has […]

by / on December 14, 2023 at 6:01 AM /
BVI experts promote financial services in Asia

BVI experts promote financial services in Asia

Representatives of BVI’s financial services sector recently participated in the Asia Outbound Summit, where they showcased the jurisdiction as a premier hub in offshore finance and wealth management. The Asia Outbound Summit is an annual event that brings together key […]

by / on December 14, 2023 at 5:13 AM /
File photo of Oleanvine Maynard and the disgraced former Premier, Andrew Fahie.

US prosecutors present witnesses, extensive evidence against Fahie

The prosecution has disclosed a list of six persons expected to take the stand as witnesses when the drug and money laundering trial against former Premier Andrew Fahie begins in January. Fahie, 53, is charged with one count of conspiracy […]

by / on December 13, 2023 at 7:18 AM /
Premier Dr Natalio Wheatley. (GIS Photo)

Premier backs Guyana in ongoing border dispute with Venezuela

Premier Dr Natalio Wheatley has thrown his support behind Guyana as that country remains embroiled in a border dispute with Venezuela. Venezuela and Guyana are currently in a dispute over an oil-rich area called Essequibo. The international community has signalled […]

by / on December 13, 2023 at 6:31 AM /
Deputy Premier and Labour Minister Lorna Smith

Human rights now a concern with publicly accessible registers of beneficial ownership

Minister for Financial Services Lorna Smith has announced that the BVI will not push to implement publicly accessible registers of beneficial ownership in the financial services industry, despite previous promises to do so. Beneficial owners are persons who enjoy the […]

by / on December 13, 2023 at 6:15 AM /