While noting that salaries are relatively low and prices very high in the British Virgin Islands, the United Nations Children’s Fund (UNICEF) said its interviews within the community have shown that a number of people have been living a “fake […]
Category: Finance/Business
REPORT: VIP handled finances poorly in 2011
By Horace Mills, BVI News Online Staff The Auditor General’s Department has cast a bad light on the former Virgin Islands Party (VIP) government over its handling of the territory’s financial affairs in 2011 – a year that ended with […]
Banking services still scaled down after flooding
FirstBank is encouraging its customers to use its Business Center in Road Town because it was forced to close the branch in the said town due to flooding. The financial institution has been closed for a second consecutive day, but […]
VIP wasted public resources on private property
The Virgin Islands Party (VIP), which formed the government in 2011, has been criticized for squandering public resources on private properties while the public infrastructure remained in disrepair. In her report, which was tabled in the House of Assembly this […]
Persons who can afford burial still apply for grants
In its report tabled in the House of Assembly this month, the Public Assistance Committee indicated that a number of persons have misrepresented facts regarding their ability to fund funeral arrangements for their loved ones. The Committee, which falls under […]
Gov’t owes more than $13M for electricity
Central government owes the BVI Electricity Corporation (BVIEC) more than $13 million, and Premier Dr D Orlando Smith said he is not sure when Government will pay up what it owes for electricity. But he said the latest payment was […]
Premier not sure when pier audit will be completed
Premier Dr D Orlando Smith said there is no fixed date for completion of an audit into the controversial pier and park project now completed as Tortola Pier Park in Road Town, Tortola. “The audit on the cruise pier project […]
Gov’t thinks it owes $3.4M – W&SD not sure
Premier Dr D Orlando Smith said the amount central government owes the Water and Sewage Department (W&SD) is estimated at more than $3.4 million. The Department, in fact, doesn’t even know exactly how much it is owed. “As of 31st […]
New fee sends positive message abroad
Minister of Natural Resources Dr Kedrick Pickering said the imposition of a $10 environmental levy on visitors to the British Virgin Islands (BVI) will send a positive message overseas about the BVI, adding that it may result in the Territory […]
Gov’t denies tampering with Auditor General report
The parliamentary opposition is questioning whether anyone had tampered with two financial documents that Premier and Minister of Finance Dr D Orlando Smith made public yesterday (April 18) when he tabled them in the House of Assembly. Those documents are […]