BVI News

Category: Finance/Business

Premier confident about arbitration despite slow start

Premier confident about arbitration despite slow start

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 […]

by / on June 2, 2017 at 8:27 AM /
Walwyn downplays possible loss to USVI

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 […]

by / on June 1, 2017 at 6:14 AM /
Combine Them -Lawmakers say too many marine fees

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 […]

by / on May 31, 2017 at 8:39 AM /
Brathwaite bemoans failed attempt to buy RiteWay

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 […]

by / on May 25, 2017 at 9:07 AM /
Saved by rent -Arbitration centre hopes to break ducks

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 […]

by / on May 25, 2017 at 9:00 AM /
BVI told to improve facilities, try business tourism

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 […]

by / on May 24, 2017 at 4:24 PM /
Gov’t has no ownership in BVI Airways

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 […]

by / on May 24, 2017 at 7:52 AM /
Financial services company expands

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. […]

by / on May 24, 2017 at 6:45 AM /
Nine statutory bodies owe nearly $11M for electricity

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 […]

by / on May 23, 2017 at 2:03 PM /
Sharman appointed next Auditor General

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 […]

by / on May 18, 2017 at 1:31 PM /