A $10,000 donation for the Youth Empowerment Project. NAGICO Insurances says it has reaffirmed its commitment to youth development in the Virgin Islands with a donation of $10,000 to the Youth Empowerment Project (YEP) following the successful staging of its inaugural 2-Mile Run/Walk With A Purpose on Saturday, June 6. The donation was presented by … Continued
VI Motors Ltd. is proud to celebrate its 60th Anniversary under the theme “60 Years Strong – Driven By You,” marking six decades of serving the Virgin Islands with excellence, innovation, and its longstanding commitment to “Service Beyond the Call.” Founded in 1966, VI Motors has grown into one of the Territory’s leading automotive companies, … Continued
The British Virgin Islands Chamber of Commerce is focused on creating opportunities, fostering international business connections, and delivering tangible value to its members, according to Chairman Sinclair Flemming. Chairman of the British Virgin Islands Chamber of Commerce, Sinclair Flemming says the chamber is focused on strengthening the local business community, expanding international trade opportunities, and … Continued
The Ministry of Financial Services, Economic Development and Digital Transformation successfully hosted a virtual industry engagement session titled “Collaboration and Commitment: Advancing Financial Services in The Virgin Islands” on June 2nd, attracting more than 400 participants from across the financial services sector and related industries. The session formed part of the Ministry’s ongoing commitment to … Continued
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
