Money

Amended Customs Bill raises questions from businesses

The amendment to the Customs Management and Duties Act has raised some questions from businesses in the Territory as to just how the monitoring process will be instituted when it comes to passing on savings to consumers and ensuring businesses get a fair price for goods already in stock. ... Full story

The Lambert Resort: Glory Days Still Ahead

There are sections of the world that make special provisions for tourists and the BVI is just one such place. When selling to tourists there are many different niche markets and one such is the vacationer that is looking to simply relax in a secluded paradise getaway. ... Full story

Scrub Island Resort- 20 years of success in a matter of months

Three hundred fifty years ago, pirate ships scoured the Eastern Caribbean searching for exotic adventure and new world treasure. ... Full story

Poltics and the Economy - “Is this “Déjà vu”?”

On 5 August, 2011, the United States (US) lost its sterling credit rating. This is because credit rating agency, Standard & Poor’s (S&P) lowered the AAA rating of the US, for the first time since granting it in 1917. ... Full story

Emancipation, violence and economic retribution

Emancipation celebrations usually come with a sense of reflection and jubilation. This does not come without a literal price tag. Today, the Gross Domestic Product (GDP per capita income of the British Virgin Islands seem pretty well off but this is a far cry from the immediate post-slavery era. ... Full story

US Tax Haven Bill - BVI no longer included in controversial clause

On July 12, 2011, United States Senator Carl Levin (D – Michigan) introduced the Stop Tax Haven Abuse Act of 2011 (the "Bill"). A prior version of the Bill was introduced in 2009. The Bill contains several provisions of interest to private fund managers, including provisions that: ... Full story

Court to hear ENRC bid to strike out $2B lawsuit

A British Virgin Islands court will on Monday consider an application from units of Kazakh miner ENRC (ENRC.L: Quote) to strike out a $2 billion claim filed by Canadian rival First Quantum Minerals (FM.TO: Quote) over a disputed Congo copper project. ... Full story

Is Your Business Compliant - Or is Halcyon for you?

The British Virgin Islands is a unique section of the world with a population of less than 50, 000 persons. The persons that are born here are far less and the amount of businesses registered are almost 0.5 million which per capita is arguably the highest in the world. ... Full story

More ‘STEP’ up at HLSCC

Seven persons in the local financial services industry were presented with the Society of Trust and Estate Practitioners Foundation Certificate and Diploma in International Trust Management during a brief ceremony on Wednesday, June 15 at the office of law firm O’Neal Webster in Road Town. ... Full story

Christian questions Govt. honesty on CGB. Road Repairs delay

With the repairs to the roads in Cane Garden Bay (CGB) starting prior to the recently concluded Music Festival, At-Large Candidate Archibald Christian is questioning the administration’s openness as it relates to transparency on finances. ... Full story

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