Concerns over armed robberies are influencing business confidence in the Virgin Islands, according to BVI Chamber of Commerce Chairman Sinclair Flemming. Chairman of the BVI Chamber of Commerce, Sinclair Flemming, says concerns about armed robberies are being discussed within the Territory’s business community, with some ownersquestioning how the incidents could affect investment decisions and the … Continued
Honourable Lorna G. Smith, OBE, Junior Minister for Financial Services, Economic Development and Digital Transformation, this week highlighted the Virgin Islands Government’s commitment to the continued development of the Territory as a modern, resilient and internationally respected financial services centre through strong compliance, innovation and investment in people. Addressing industry professionals and students at two … Continued
The Bank of N.T. Butterfield & Son Limited has entered into a definitive agreement to acquire CIBC’s 91.7 percent interest in CIBC Caribbean Bank Limited in a deal valued at approximately $1.794 billion. The proposed acquisition would create an expanded banking and wealth management platform spanning international financial centres and Caribbean markets, with combined assets … Continued
Rock Café in Virgin Gorda will temporarily close its doors on May 31, 2026, as the MHV Group moves forward with plans to transform the property into a major hotel and restaurant development. In a press release, the company said the redevelopment forms part of its broader investment strategy for Virgin Gorda and follows the … Continued
The BVI Financial Services Commission has issued a new guidance document aimed at helping the donor community support nonprofit organisations in a responsible and transparent manner. According to the Commission, the initiative comes in recognition of the work of its partner agency, the Financial Investigation Agency. The guidance outlines recommended best practices for donors, including … Continued
The Government’s credit rating has been listed as Stable by the Caribbean Information and Credit Rating Services Limited (CariCRIS), however external factors could become an issue. CariCRIS reaffirmed its investment-grade issuer credit ratings of CariAA- (Foreign Currency) and CariAA- (Local Currency). These ratings, assigned on the regional scale, indicate a high level of creditworthiness relative … Continued
Longstanding fuel company in the Virgin Islands Delta Petroleum is under new control. Delta has been acquired by Sunoco LP, Sol Petroleum’s parent company. The transaction is said to have officially closed, effective April 1, 2026. A letter signed by the President of Sol Caribbean Ltd, Roger Bryan, to employees said this milestone marks an … Continued
Road Town Fast Ferry (RTFF) has officially launched daily ferry service between Road Town and Virgin Gorda, offering residents and visitors more travel options. Speaking to JTV Channel 55, RTFF owner Albion “Bobby” Hodge said the new service was introduced in response to requests from the Virgin Gorda community. “We decided to start doing some … Continued
Retired Chief Justice of the Eastern Caribbean Supreme Court -Dame Janice Pereira, believes the BVI has already built the foundation of a world-class arbitration jurisdiction, and the next step is clear — use it. That was the central message from Dame Janice, who delivered the keynote at the J.S. Archibald Lecture during Arbitration Week – … Continued
The BVI Chamber of Commerce recently hosted a regional trade mission that brought together business representatives from Guadeloupe, Antigua and Saint Lucia, creating new opportunities for strengthening commercial partnerships and expanding intra-Caribbean trade. The visiting delegation arrived aboard an MSC cruise vessel and participated in a networking and engagement session held at Cyril B. Romney … Continued
