BVI News

Category: Finance/Business

$154K for financial services report

$154K for financial services report

The government-owned BVI Finance said it invested $154,000 to commission the recently published report on the British Virgin Islands (BVI) financial services industry, adding that the highly favourable report will help it in “drawing a line in the sand for […]

by / on June 28, 2017 at 11:57 AM /
Inside the banks – Customers owe $919M

Inside the banks – Customers owe $919M

A study funded by the government has found that banks operating in the British Virgin Islands (BVI) are together owed hundreds of millions of dollars, and the persons owing are mainly customers in the territory. “BVI banks’ assets include $919 […]

by / on June 23, 2017 at 1:52 PM /
Economy gets vote of confidence

Economy gets vote of confidence

By Horace Mills, BVI News Online Staff The British Virgin islands (BVI) government has received a strong vote of confidence regarding its handling of the economy, and is being told that it may be envied by much larger economies such […]

by / on June 23, 2017 at 8:14 AM /
CCT among 3 approved for duty free privilege

CCT among 3 approved for duty free privilege

The government has awarded pioneer status to three entities including Caribbean Cellular Telephone Limited (CCT). The designation allows the approved companies to import certain goods duty free for a period of time. The goods being allowed in relation to the […]

by / on June 23, 2017 at 8:08 AM /
Mainly locals employed in financial services – REPORT

Mainly locals employed in financial services – REPORT

A report funded by the British Virgin Islands government has found that belongers occupy close to 70 percent of positions in the territory’s international businesses and finance centre, followed by expatriates from other Caribbean countries. It should be noted that […]

by / on June 22, 2017 at 11:47 AM /
Gov’t has no ‘undue influence’ over major report

Gov’t has no ‘undue influence’ over major report

By Horace Mills, BVI News Online Staff Financial services leaders in the British Virgin Islands (BVI) are sticking to their position that a report, which speaks glowingly of the territory’s financial services industry, is independent and factual although it was […]

by / on June 22, 2017 at 9:30 AM /
BVI supports 2 million jobs globally -REPORT

BVI supports 2 million jobs globally -REPORT

The British Virgin Islands (BVI) enables global investment and trade, which supports more than two million jobs worldwide, according to a detailed report published today. The report, which analyses the significant global economic contribution of the BVI, will be launched […]

by / on June 21, 2017 at 8:20 PM /
Pull from private sector to help public sector – Governor

Pull from private sector to help public sector – Governor

One of the major issues hurting the British Virgin Islands (BVI) as it relates to succession planning is that talented belongers have been flocking the private sector, Governor John Duncan said. He noted that Government should consider recruiting those talents […]

by / on June 20, 2017 at 9:27 AM /
Don’t pay us on your own, NHI tells employees

Don’t pay us on your own, NHI tells employees

While declaring that it will not allow employees to pay their own contributions into the National Health Insurance (NHI) system, the management of the NHI today emphasized that the onus is on employers to make the necessary payments monthly. “We […]

by / on June 19, 2017 at 11:54 AM /
Incentive Scrapped – Gov’t agrees with Walwyn

Incentive Scrapped – Gov’t agrees with Walwyn

Government has accepted a recommendation education minister Myron Walwyn recently made for operators of charter boats to lose a special incentive they usually enjoy during the typically slow tourism business period each year – May to November. As a result, […]

by / on June 19, 2017 at 7:09 AM /