BVI News

Category: Finance/Business

Many living ‘fake’ socio-economic status

Many living ‘fake’ socio-economic status

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 […]

by / on April 26, 2017 at 2:03 PM /
REPORT: VIP handled finances poorly in 2011

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 […]

by / on April 26, 2017 at 11:50 AM /
Banking services still scaled down after flooding

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 […]

by / on April 26, 2017 at 11:49 AM /
VIP wasted public resources on private property

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 […]

by / on April 26, 2017 at 7:44 AM /
Persons who can afford burial still apply for grants

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 […]

by / on April 25, 2017 at 3:52 PM /
Gov’t owes more than $13M for electricity

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 […]

by / on April 22, 2017 at 8:15 AM /
Premier not sure when pier audit will be completed

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 […]

by / on April 22, 2017 at 7:26 AM /
Gov’t thinks it owes $3.4M – W&SD not sure

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 […]

by / on April 22, 2017 at 6:01 AM /
New fee sends positive message abroad

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 […]

by / on April 20, 2017 at 7:36 AM /
Gov’t denies tampering with Auditor General report

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 […]

by / on April 19, 2017 at 6:38 AM /