Amid concerns in some quarters about the survivability of the BVI International Arbitration Centre, Premier Dr D Orlando Smith yesterday declared his administration’s full support for the Centre, adding that he is confident the British Virgin Islands (BVI) will become […]
Category: Finance/Business
Walwyn downplays possible loss to USVI
Minister of Education and Culture Myron Walwyn has downplayed concerns that higher cruise permit fees may result in the British Virgin Islands (BVI) losing business to the neighbouring US Virgin Islands (USVI). “I hear the talk ‘yes when you do […]
Combine Them -Lawmakers say too many marine fees
By Horace Mills, BVI News Online Staff Two members of the House of Assembly have recommended the merger of fees especially in the marine industry, adding that the move could result in more revenue for Government and less hassle. Leader […]
Brathwaite bemoans failed attempt to buy RiteWay
By Horace Mills, BVI News Online Staff Founder of the People’s Democratic Party Ishmael Brathwaite has called for Government to ‘repeal’ the trade licence approved for a Canadian company to operate RoadTown Wholesale (RTW), adding that he tried to purchase […]
Saved by rent -Arbitration centre hopes to break ducks
By Davion Smith, BVI News Online Staff While stating that the BVI International Arbitration Centre (BVI-IAC) has not administered any arbitration case since it was launched five months ago, Chief Executive Officer Francois Lassalle said the dispute resolution hub has […]
BVI told to improve facilities, try business tourism
Predicting great success for the BVI International Arbitration Centre (BVI-IAC) over the next few years, stakeholders in the said dispute resolution facility think Government will need to expand its tourism-related infrastructure and services. Francois Lassalle, who is the Chief Executive […]
Gov’t has no ownership in BVI Airways
The British Virgin Islands government has declared that it does not own any shares in BVI Airways. Premier and Minister of Finance Dr D Orlando Smith made the declaration this month in the House of Assembly while he responded to […]
Financial services company expands
Ogier has announced the addition of “several new members” to its staff in the British Virgin Islands (BVI). It attributed the expansion of staff and operation partly to the diversification of financial service offerings, including the addition of international arbitration. […]
Nine statutory bodies owe nearly $11M for electricity
Weeks after he disclosed that central government owes the BVI Electricity Corporation (BVIEC) just over $13.3 million, Premier Dr D Orlando Smith is now stating that Government’s statutory bodies also owe the Corporation a total of almost $11 million. Of […]
Sharman appointed next Auditor General
Former Chief Auditor of Turks and Caicos Islands, Phil Sharman, has been appointed the next Auditor General of the British Virgin Islands (BVI). The appointment will take effect in August 2017, said the Government Information Service in a media release […]