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British Virgin Islands

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US brands Eastern Caribbean countries 'a transit point for drug traffickers'

March 25, 2017
US brands Eastern Caribbean countries 'a transit point for drug traffickers' BASSETERRE, St Kitts (WINN) -- The US State Department has labeled the Eastern Caribbean as a “transit point for drug traffickers going to the United States and Europe”. According to the State Department’s International Narcotics Control Strategy Report (INCSR) released in March, the Eastern Caribbean...

BVI explores post-Brexit relationship with EU

March 24, 2017
BVI explores post-Brexit relationship with EU BRUSSELS, Belgium -- The British Virgin Islands has engaged stakeholders in Brussels on an alternative relationship between the territory and the European Union (EU) after Brexit takes place, that is, the United Kingdom’s departure from the EU. On March 13, BVI EU representative, Benito Wheatley...

Changes in BVI weather patterns observed

March 10, 2017
Changes in BVI weather patterns observed ROAD TOWN, BVI -- The Department of Disaster Management (DDM) has noted changes in weather patterns across the British Virgin Islands when compared to historical data. According to data published on the World Bank Group Climate Change Knowledge Portal, the average temperatures...

OECS discusses ocean governance and policy

March 7, 2017
OECS discusses ocean governance and policy CASTRIES, St Lucia -- Representatives from Anguilla, Antigua and Barbuda, British Virgin Islands, Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia, and St Vincent and the Grenadines, participated in the sixth meeting of the Organisation of Eastern Caribbean States (OECS)...

OECS member states develop curriculum framework for tourism institute

March 2, 2017
OECS member states develop curriculum framework for tourism institute ST JOHN'S, Antigua -- Representatives from all member states of the Organisation of Eastern Caribbean States (OECS) participating in the OECS Network of Excellence for Tourism and Hospitality Training and Education (NETHTE) project assembled in Antigua and Barbuda from from February 22 - 23.

BVI premier advances Brexit, financial services agenda in London

February 11, 2017
BVI premier advances Brexit, financial services agenda in London LONDON, England -- British Virgin Islands premier and minister of finance, Dr Orlando Smith, has completed meetings of high level ministerial and parliamentary engagement in the United Kingdom. The premier joined other Overseas Territory (OT) leaders during a courtesy call on British...

OECS engages citizens on key development issues

February 7, 2017
OECS engages citizens on key development issues CASTRIES, St Lucia -- The Organisation of Eastern Caribbean States (OECS) has begun engaging citizens of member states on issues impacting their lives, the challenges facing the region, and the development opportunities for the OECS and its people. The public education forum series, dubbed Vini Koze...

BVI premier attending Brexit meetings in London

February 6, 2017
BVI premier attending Brexit meetings in London ROAD TOWN, BVI -- British Virgin Islands premier and minister of finance, Dr Orlando Smith, will lead a delegation to London to attend the United Kingdom Overseas Territories (UK-OT) Joint Ministerial Council on European Union (EU) negotiations and other meetings from February 6 - 10.

More stay-over visitors for BVI in 2016

February 1, 2017
More stay-over visitors for BVI in 2016 ROAD TOWN, BVI -- The British Virgin Islands tourism sector continues a pattern of growth, as indicated by an increase in overnight visitor arrivals during 2016. According to figures recently released by the Central Statistics Office (CSO) of the BVI government, there were 406,027 overnight...

Eight countries receive disaster training in Trinidad

January 28, 2017
Eight countries receive disaster training in Trinidad PORT OF SPAIN, Trinidad -- The Economic Commission for Latin America and the Caribbean (ECLAC) and the Association of Caribbean States (ACS) this week convened a four-day training course in Port of Spain, Trinidad, to improve the ability of policymakers from eight Caribbean countries...

BVI Airways receives operating approval from UK regulator

January 26, 2017
BVI Airways receives operating approval from UK regulator ROAD TOWN, BVI -- The British Virgin Islands is making moves towards improved air access following the receipt by BVI Airways of a revised Air Operator Certificate (AOC) from its United Kingdom based regulator, Air Safety Support International. The AOC has authorised BVI Airways...

Senators tell new US treasury secretary nominee to eliminate Cayman Islands and other tax havens

January 21, 2017
Senators tell new US treasury secretary nominee to eliminate Cayman Islands and other tax havens WASHINGTON, USA -- Members of the United States Senate, questioning the new Trump administration nominee for Treasury Secretary on Thursday, asked Steve Mnuchin how he intends to close down Caribbean tax havens, specifically naming the Cayman Islands.  The Senate panel demanded details...

Winair, Air France and KLM teams meet in BVI

January 21, 2017
Winair, Air France and KLM teams meet in BVI TORTOLA, BVI -- Winair, Air France and KLM held a joint sales and marketing meeting in Tortola, British Virtgin Islands on January 9, 2017. Presenters were Martijn Ten Broecke for Air France and KLM, Claudio Buncamper and Michael Cleaver for Winair. The main objective was to share the latest...

BVI premier charts course for territory in budget address

January 19, 2017
BVI premier charts course for territory in budget address ROAD TOWN, BVI -- The British Virgin Islands government is on a mission to position the territory for the future, according to premier and minister of finance, Dr Orlando Smith. Smith was delivering his 2017 Budget Address in the BVI House of Assembly on January 16 under the theme...

Non-performing loans threaten ECCU financial sector

January 17, 2017
Non-performing loans threaten ECCU financial sector BASSETERRE, St Kitts (WINN) -- One of the leading threats to the Eastern Caribbean Currency Union (ECCU) financial system is the high level of non-performing loans of banks in the countries that share the EC dollar. This is according to Timothy Antoine, governor of the Eastern Caribbean...

World Bank-sanctioned Chinese company selected for $153 million BVI airport contract

December 28, 2016
World Bank-sanctioned Chinese company selected for $153 million BVI airport contract ROAD TOWN, BVI -- Following a lengthy procurement process and consideration of the two remaining bidders for the runway extension project of the T.B. Lettsome International Airport, China Communications Construction Company (CCCC), which is currently barred by the World Bank...

BVI represented at global tax transparency summit in London

December 22, 2016
BVI represented at global tax transparency summit in London LONDON, England -- The British Virgin Islands’ role in the world economy was recently highlighted at the Global Tax Transparency Summit at the House of Commons of the UK Parliament in London. The summit organised by the House of Commons Public Accounts Committee...

Reassign UK aid funds from EU to OCTs, says Montserrat premier

December 12, 2016
Reassign UK aid funds from EU to OCTs, says Montserrat premier LONDON, England -- While the uncertainties surrounding the eventual UK ‘Brexit’ from the European Union continue to be heavily debated throughout the UK, the premier of Montserrat, Donaldson Romeo, has weighed in with a suggestion that he says is intended to safeguard aid funds...

US$2 million currency bust linked to Trinidad politicians

December 6, 2016
US$2 million currency bust linked to Trinidad politicians PORT OF SPAIN, Trinidad -- Local police and customs officers investigating the discovery of US$2 million in cash found in a container at the Point Lisas port in Trinidad believe that the money sent to a local businessman as payment for a shipment of illegal drugs to the British Virgin Islands.

BVI announces new financial services strategy

December 2, 2016
BVI announces new financial services strategy ROAD TOWN, BVI -- BVI Finance launched its 2017 to 2020 marketing and business development strategy at a private event on 23 November 2016. The BVI Finance Strategy Update was held to inform local financial services industry decision makers of the plans BVI Finance has to...

Panamanian organised crime prosecutor obtains extension in Panama Papers law firm investigation

November 28, 2016
Panamanian organised crime prosecutor obtains extension in Panama Papers law firm investigation PANAMA CITY, Panama -- Javier Caraballo, the lead organised crime prosecutor investigating Panama Papers law firm, Mossack Fonseca, since April 2016, has obtained an extension of time in which to continue his ongoing investigation of alleged criminal conduct at the firm.

interCaribbean moves to 18 flights weekly between Puerto Rico and BVI

November 22, 2016
interCaribbean moves to 18 flights weekly between Puerto Rico and BVI TORTOLA, BVI -- interCaribbean Airways has announced a major increase in air service between San Juan and Tortola to commence double daily services effective from December 19, 2016, and triple daily four times a week. The new morning and afternoon services give the...

Excessive alcohol consumption a concern in BVI

November 21, 2016
Excessive alcohol consumption a concern in BVI ROAD TOWN, BVI -- The ministry of health and social development in the British Virgin Islands has joined the Healthy Caribbean Coalition in raising awareness of the harmful abuse of alcohol. The Coalition declared Friday, November 18, as Caribbean Alcohol Reduction Day.

Commentary: The View from Europe: A new relationship for the Overseas Territories?

November 19, 2016
Commentary: The View from Europe: A new relationship for the Overseas Territories? While most of the world has been focussed on the outcome of the US presidential elections, other events of long-term importance to the region have been taking place. Of these, one of the more significant relates to the relationship between the UK and its overseas territories (OTs).

BVI concludes investment promotion study tour in Jamaica

November 17, 2016
BVI concludes investment promotion study tour in Jamaica KINGSTON, Jamaica -- The British Virgin Islands has concluded an Overseas Countries and Territories (OCT) investment promotion study tour in Jamaica. Junior minister for trade, investment promotion and consumer affairs, Marlon Penn, led a delegation in a series of meetings with...

Panama Papers law firm fined $440,000 by BVI regulator

November 16, 2016
Panama Papers law firm fined $440,000 by BVI regulator ROAD TOWN, BVI -- The British Virgin Islands independent regulator, the Financial Services Commission (FSC), has fined the local arm of the Panama Papers law firm, Mossack Fonseca, $440,000 for its contravention of numerous sections of the Anti-Money Laundering and Terrorist...

UK and OTs agree to special Brexit negotiation talks in 2017

November 14, 2016
UK and OTs agree to special Brexit negotiation talks in 2017 LONDON, England -- At the recently concluded Joint Ministerial Council (JMC) in London, the United Kingdom government and the political leaders of the Overseas Territories (OTs) agreed to hold special ministerial talks in early 2017 on Brexit negotiations before Article 50 of the Lisbon Treaty...

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