The Inland Revenue Department, which is responsible for collecting taxes on Government’s behalf, has threatened legal action against delinquent taxpayers. It did so while announcing an amnesty on penalties and interest from March to June this year. Commissioner at the […]
Category: Finance/Business
Economy is still robust – WALWYN
By Horace Mills, BVI News Online Staff Minister of Education Myron Walwyn has indicated that the economy of the British Virgin Islands (BVI) is still very robust, adding that the major challenge is in getting the money to trickle down […]
Skelton warns: Airport project may breach protocols
Minister of Health and Social Development Ronnie Skelton has declared that he does not support the current funding mechanism for Government’s proposed extension of the runway at Terrence B Lettsome International Airport. He told the House of Assembly yesterday that […]
Over $20M to invest -Walwyn wants vote on gambling
By Horace Mills, BVI News Online Staff While announcing that a potential investor wants to pump over $20 million into the Ellis Thomas Downs in Sea Cows Bay, minister responsible for sports Myron Walwyn has called for a referendum on […]
Lawmaker wants banks reported to regulator
While noting the importance of long-awaited legislation to protect consumers, Junior Minister of Trade Marlon Penn yesterday said he wants banks that over-charge customers to be reported to the Financial Services Commission (FSC). “There is an issue of how the […]
Gov’t told to vote against its own budget
Leader of the Opposition Andrew Fahie has implored members of the National Democratic Party government to vote against their own budget at the end of an ongoing debate, if Premier Dr D Orlando Smith does not scrap plans to extend […]
No specifics on BVI -Digicel cutting 25% of global staff
Digicel said it is not in a position at this time to specifically say if its staff in the British Virgin Islands (BVI) will be affected by a massive redundancy programme the telecommunications company is undertaking globally. Representatives of the […]
Vanterpool fights hospital’s request for $3.7M
Minister of Communication and Works Mark Vanterpool has fought against a proposal the BVI Health Services Authority (BVIHSA) has made for its budget to pay staff to increase by $3.7 million this financial year. The minister said the BVIHSA should […]
ON ECONOMY – ‘I cannot deal with too much stress’
While dismissing previous comments by Premier and Minister of Finance Dr D Orlando Smith that the local economy is robust, lawmaker Delores Christopher yesterday questioned her government’s commitment to local businesses when compared to those from abroad. “We got to […]
North West eyes $5M profit annually in BVI
The North West Company has announced that it would have spent just under $40 million to control majority shares in Roadtown Wholesale Trading (RTT) located in the British Virgin Islands (BVI). RTT is a privately-held company with seven retail outlets, […]
