News
Finance Ministry: BVI economy performing well overall
3+ hour, 48+ min ago (431+ words) Premier and Minister of Finance, Dr Natalio Wheatley and his Financial Secretary Jeremiah Frett have stated that the BVI economy is performing well overall, pointing to data showing continued growth across key sectors despite ongoing global and local pressures. Their…...
Skelton warns new Bill could raise import costs
6+ day, 3+ hour ago (384+ words) Opposition member Ronnie Skelton has warned that proposed changes to tonnage duties in the Virgin Islands could increase import costs and place added pressure on consumers, as lawmakers debated the Tonnage Duty Amendment Bill 2026 in the House of Assembly. The…...
Smith pushes to cut investment red tape
1+ mon, 1+ week ago (507+ words) Junior Minister for Financial Services Lorna Smith has said the government is moving to reduce bureaucracy and speed up approvals in a bid to make the Virgin Islands more attractive to investors. Speaking during a Ministry outlook update, Smith said…...
BVI economy only looks pretty on paper, Penn suggests
2+ mon, 2+ week ago (438+ words) Eighth District Representative Marlon Penn has warned that while the BVI's 2026 budget appears strong on paper, the lived reality across communities tells a very different story. Speaking during the recent budget debate in the House of Assembly, Penn acknowledged that…...
Turnbull warns gov’t of using debt to pay debt
2+ mon, 3+ week ago (449+ words) Second District Representative Melvin "Mitch" Turnbull has raised concerns in the House of Assembly, warning during the 2026 budget debate that the government may be entering risky financial territory by borrowing to meet current obligations. Turnbull questioned what he described as…...
BVI’s economy is doing well, Premier insists
3+ mon, 4+ day ago (174+ words) The BVI's economy continues to perform strongly, with key revenue indicators pointing to sustained growth despite global and domestic challenges, Premier Dr Natalio Wheatley said during the House of Assembly debate on the 2026 budget. Presenting updated figures, the Premier said…...
Stop big businesses from crushing small ones, Walwyn cries
3+ mon, 4+ day ago (298+ words) Opposition Leader Myron Walwyn has called on the Trade Department and the government to urgently tighten trading rules to prevent large businesses from squeezing out small, locally owned shops. Speaking during the 2026 budget debate in the House of Assembly, Walwyn…...
Gov’t debt declining due to reduced borrowing
3+ mon, 2+ week ago (207+ words) The government's public debt has continued its downward trend, with the total amount owed falling again in the third quarter of 2025 as loan repayments outpaced new borrowing. Public debt is the total money owed by a government to lenders, accumulated…...
Financial services reforms earn ratings boost from regional body
4+ mon, 2+ week ago (353+ words) The BVI has received top marks from regional regulators for its efforts to improve the way it polices financial crime, money laundering, and terrorist financing. The Caribbean Financial Action Task Force (CFATF) has released its latest report on the territory,…...
Anguilla’s fiscal discipline offers lessons for BVI
4+ mon, 3+ week ago (441+ words) As the BVI continues to advocate for less scrutiny and oversight from the UK, Anguilla's Premier Cora Richardson-Hodge has hinted that stronger self-sufficiency and sound fiscal management helped her country to regain control over its own affairs and avoid direct…...