The government has officially signed an agreement for the largest public loan in BVI history—a $100 million loan facilitated by FirstCaribbean International Bank (CIBC). On Thursday, October 31, Premier and Minister of Finance Dr. Natalio Wheatley signed the loan agreement […]
Archive for October, 2024
Government walks out on no-confidence vote
The government staged a walkout from the House of Assembly (HOA) last night, just ahead of the Opposition’s planned no-confidence vote. Just before midnight, the House was about to resume following a short recess when government members, including Premier Dr […]
BVI sees nearly 10% rise in overall visitor arrivals
Overall visitor arrivals up to the third quarter of this year showed a slight increase of roughly 10 percent compared to the same period in 2023. According to the government’s latest tourism summary for the Virgin Islands in 2024, the […]
Blatant Waste! Smith slams Premier’s 8-member London delegation
Territorial At-Large Representative Lorna Smith has slammed the government’s plans to send an eight-member delegation to London, calling it a “blatant waste” of public resources. The trip, scheduled as a two-day meeting, has drawn ire from Smith, who questioned the […]
Walwyn blasts govt’s ‘willy-nilly’ approach to spending
Sixth District Representative Myron Walwyn has raised concerns about the government’s latest Schedule of Additional Provisions (SAP) to the budget, calling its spending approach ‘willy-nilly’ and questioning its purpose amid ongoing national challenges. In a House of Assembly sitting yesterday, […]
1500 to join Great March Reenactment on November 24
Approximately 1,500 people are expected to participate in the reenactment of the Great March of 1949 on Sunday, November 24, in honour of its 75th anniversary. The event will be held under the theme, “A March, A Movement, A Milestone.” […]
Local companies promised protection with new legislation
New financial services legislation to be implemented in the British Virgin Islands is expected to provide enhanced protection for local companies. The revisions aim to strike a balance between meeting regulatory requirements and the challenges encountered by businesses in the […]
Officials mum on reports that senior cop under investigation
Officials with responsibility for national security have declined to confirm reports that a senior officer within the Royal Virgin Islands Police Force (RVIPF) is under investigation. BVI News received information suggesting that a high-ranking police officer is currently the subject […]
Smith calls abrupt dismissal from ministerial role a hurricane
Former Deputy Premier and Minister of Financial Services, Lorna Smith, compared her recent dismissal from the BVI government to a hurricane. Smith, who was speaking in support of the BVI Business Companies Amendment Number 2 Bill 2024, made the comparison […]
More consistency needed on financial services legislation — Penn
Eighth District Representative Marlon Penn has called for improved government consistency in managing the BVI financial services sector. Penn made the remarks during a debate on the BVI Business Companies Amendment Number 2 Bill 2024, urging a more structured approach […]
