Local telecom company CCT today announced that it has signed an agreement to consolidate its ownership and management with that of BVI Cable TV, subject to Government approval. CCT further said it is looking forward to combining forces with BVI […]
Category: Finance/Business
City hunts solution; car washers hunt earnings
By Davion Smith, BVI News Online Staff The Office of the City Manger said it is seeking legal advice on how to address concerns about mobile car washes that have been taking up precious parking spaces in the Road Town […]
Law firm hired for over $654K without tender
Minister with responsibility for ports Mark Vanterpool said the tender process, which promotes transparency and fairness in the award of public contracts, was not used in relation to legal services provided for the government’s Cruise Pier Development Project. Law firm […]
More than $77K in duties not sent to Treasury
Minister of Finance Dr D Orlando is hoping that, by August this year, his government will be in a better position to explain why just over $77,000 in customs duties has not been turned over to the Treasury. The outstanding […]
Long overdue – financial statements finally completed
The National Democratic Party (NDP) administration, which has styled itself a government in the sunshine, is finally making progress in having its slogan reflected in its handling of the territory’s finances. It yesterday announced the completion of long overdue financial […]
68 unemployed youths get ‘job fair’ opportunity
Sixty-eight unemployed young people will have an opportunity to find jobs when prospective employers converge at the Multi-Purpose Sports Complex for a job fair this morning, June 12. The event will run from 9 o’ clock to mid-day, said Coordinator […]
Law coming to better protect BVIslanders
While declaring that the British Virgin Islands (BVI) was built on foreign direct investment, Junior Minister of Trade and Investment Promotion Marlon Penn said current legislation will be strengthened to better protect natives in some areas of commerce. “That’s one […]
RiteWay shores up
Brand new metal bars have been installed at the entrance to the RiteWay supermarket in Road Town. In recent times, the establishment has been hit by two major robberies. In both of those incidents, the gunmen reportedly exited the supermarket, […]
Penn chides resorts trying to ‘squeeze out’ locals
A number of hotels and resorts in the British Virgin Islands (BVI) have been telling local operators of charter vessels not to pick up their guests, according to Junior Minister of Trade Marlon Penn, who added that the said hotels […]
BVI talks asset management at China offshore summit
Government Information Service (press release) – Over 450 Chinese financial practitioners were briefed on asset management tools available in low-tax jurisdictions at the China Offshore Summit held on May 24 and 25. The practitioners also received insights on effective use […]