BVI News

Archive for January, 2024

Local financial services performed high-value transactions in 2023

Local financial services performed high-value transactions in 2023

Professionals in the local financial services industry have been commended for a series of significant complex cross-border transactions they performed in 2023. A press release from BVI Finance said the work done last year highlights the strength and depth of […]

by / on January 30, 2024 at 6:20 AM /
Premier Dr Natalio Wheatley stands beside Governor Daniel Pruce during his (Pruce) swearing-in ceremony on Januaray 29, 2024. (Photos by Andre 'Shadow' Dawson.)

PHOTOS: New BVI governor sworn in!

  United Kingdom national Daniel Pruce has been sworn in as the new Governor of the British Virgin Islands. He took the oath of office today, January 29, at the Supreme Court in Road Town. Several officials, including Premier Dr […]

by / on January 29, 2024 at 6:48 PM /
Man reportedly living in booth at Road Town festival grounds

Man reportedly living in booth at Road Town festival grounds

A resident has received intense public backlash after he attempted to expose another man who had allegedly taken up residence in a concrete structure at the festival grounds in Road Town. It is not immediately clear how long the person […]

by / on January 29, 2024 at 7:16 AM /
Govt’s pension liability can’t continue like this

Govt’s pension liability can’t continue like this

Opposition Leader Ronnie Skelton has argued that urgent attention needs to be paid to the government’s pension liability. Effectively, the term pension liability refers to the amount of money that the government has to account for to make future pension […]

by / on January 29, 2024 at 7:09 AM /
New safety net in place for bank failures

New safety net in place for bank failures

The Finance Ministry has announced the establishment of the Virgin Islands Deposit Insurance Corporation (VIDIC), saying it is a crucial step towards enhancing financial security for depositors within the territory. The VIDIC held its inaugural board meeting on January 16, […]

by / on January 29, 2024 at 7:07 AM /
Centre to house juveniles, mentally-ill suffers delays

Centre to house juveniles, mentally-ill suffers delays

Amid the long-time promise to build facilities to house mentally ill persons and youth who get in trouble with the law, civil servants in the Ministry of Health have revealed that those plans won’t materialise any time soon. The territory […]

by / on January 29, 2024 at 7:02 AM /
Mr Daniel Pruce has been appointed as the next Governor of the British Virgin Islands.

New Governor to be sworn in today

Governor Designate Daniel Pruce is expected to be sworn into office today, January 29 after arriving in the territory on Friday, January 26 with his wife Rachael Morgan. The governor-designate has more than 30 years of experience in public service, […]

by / on January 29, 2024 at 6:43 AM /
Festival & Fairs Committee moving to Tourist Board

Festival & Fairs Committee moving to Tourist Board

The government has moved to dissolve the Virgin Islands Festival and Fairs (VIF&F) Committee and have its functions transferred to the BVI Tourist Board. The decision was made at the government’s December 28 Cabinet meeting. Cabinet’s most recent post-meeting statement […]

by / on January 26, 2024 at 7:29 AM /
Gov’t saves consumers nearly $500K in December electricity bills

Gov’t saves consumers nearly $500K in December electricity bills

Consumers may have collectively saved nearly half-a-million dollars through the government’s efforts to subsidise electricity bills during the Christmas period. The government announced last year that it would subsidise half of the fuel surcharge component for the electricity bills of […]

by / on January 26, 2024 at 6:34 AM /
Glass recycling now being done at Pockwood Pond

Glass recycling now being done at Pockwood Pond

As the territory continues to look for ways to manage waste, the Department of Waste Management (DWM) has announced that they now have a glass recycling machine at the Pockwood Pond waste site on Tortola. Residents are advised to place […]

by / on January 26, 2024 at 6:09 AM /