ExxonMobil Guyana announced a new oil discovery on Friday, March 15, marking their first find of 2024 in the Stabroek Block offshore Guyana. The Bluefin well encountered a significant amount of hydrocarbon-bearing sandstone, indicating potential for future development. Drilled by the Stena Drillmax drillship in over 4,200 feet (1,294 meters) of water, the Bluefin well … Continued
The British Virgin Islands is positioning itself to emerge as a world-leading hub for the burgeoning digital assets sector, anchored by a robust new regulatory framework and ecosystem for innovative fintech businesses, according to Deputy Premier and Minister for Financial Services Hon. Lorna Smith, OBE. Addressing the International Arbitration Centre conference, Smith outlined the Territory’s … Continued
The assessment of the British Virgin Islands’ (BVI) compliance with the 40 recommendations of the Financial Action Task Force (FATF), as outlined in the most recent Caribbean Financial Action Task Force (CFATF) Mutual Evaluation Report on anti-money laundering and countering terrorist financing (AML/CFT), indicates an overall high level of compliance. Among the 40 Recommendations, the … Continued
Demonstrating their shared resolve to advancing the BVI’s tourism product, the BVI Yachting, Hotel and Tourism Association (BVIYHTA), and the Honourable Premier Dr. Natalio Wheatley, engaged in an exciting dialogue on Thursday, February 22nd. For the newly formed BVIYHTA, this meeting marked a significant milestone in their effort to build partnerships which strengthen the tourism … Continued
The Caribbean Financial Action Task Force (CFATF) has published its Mutual Evaluation Report assessing the anti-money laundering and countering terrorist financing (AML/CFT) measures in the British Virgin Islands (BVI). The 256-page report identifies several areas where the BVI needs to strengthen its regime to better mitigate money laundering and terrorist financing risks. According to the … Continued
Native Grenadian Dr. Camille Lewis has been officially recognized as a Modern-Day Technology Leader at the 38th Black Engineer of the Year Awards (BEYA) held from 15th-18th February 2024 in Baltimore, Maryland, United States (US). The distinction is annually conferred on a cohort of trailblazing technology professionals in the US who are shaping the technological … Continued
House of Luxury – BVI has announced a new collaboration with the renowned jewelry brand Pandora. The partnership has given birth to the exclusive “House of Luxury x Pandora” range, a collection of unique charms that beautifully capture the essence of the BVI lifestyle. House of Luxury – BVI revealed in a recent post that … Continued
On 1st February 2024, the BVI Chamber of Commerce (BVICoC) co-hosted an exclusive event, the Visit BVI Advertisers Cocktails, at the picturesque venue of Prime Restaurant’s LVL3 lounge in Road Town, Tortola to officially launch the 2024 edition and thank the businesses for their support. The event, co-hosted with the magazine publisher, North South Net … Continued
CIBC FirstCaribbean unveiled its rebranded regional bank, CIBC Caribbean on January 30, promising it is not just a “cosmetic change but a strategic move to position ourselves as a modern, forward-thinking institution.” Speaking during the evening ceremony at the bank’s Barbados-based head office, Chief Executive Officer Mark St. Hill said the decision to rebrand “reflects … Continued
The Cabinet of the Virgin Islands has approved expanding work permit exemptions to include several new categories of workers providing vital services in the territory. The Schedule to the Labour Code (Work Permit Exemption) Order No. 41 of 2017 will be amended to add the new exemptions. This Order specifies occupations and services that are … Continued
