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Charlotte Amalie
Monday, February 17, 2020

St. Croix business

Oriental Bank Expanding Hours to Saturdays

Oriental Bank now will be open on Saturdays at the Altona St. Thomas branch and the Sunny Isle St. Croix branch for the convenience of the banking public.

Mastercard Launches Smart Islands Program in Caribbean

Technology giant Mastercard announced today the launch of its Smart Islands program in the Caribbean, leading the journey towards developing smarter islands and cashless societies to strengthen economies throughout the region.

Roach Advises Residents to Verify Earthquake Insurance Status

Lt. Gov. Tregenza A. Roach Esq., who also serves as the U.S. Virgin Islands Commissioner of Insurance, encourages the territory’s property owners to check their homeowner’s insurance policy and make sure it includes earthquake insurance coverage.

New SBA Administrator Pledges More Opportunities for Women, Underserved, Vets

Jovita Carranza now serves as the 26th administrator of the U.S. Small Business Administration (SBA). She will lead the only federal agency exclusively dedicated to assisting small business owners and entrepreneurs.
Barrels of rum aging in the Cruzan warehouse represent future revenues for the territory.

Interior Sends $4.4 Million Payment to USVI for Adjustment to FY 2019 Rum Excise...

This amount represents an adjustment owed to the USVI government based on actual certified rum excise tax collections and the remaining amount owed to the territory after an initial advance payment for the 2019 fiscal year.

VIPA Announces Additional Changes to Cruise Ship Schedules

The Virgin Islands Port Authority (VIPA) has received changes to its cruise schedules for the Austin “Babe” Monsanto Marine Terminal in Crown Bay, St. Thomas and the Ann E. Abramson Marine Facility in Frederiksted, St. Croix.

FEMA Awards WAPA $19 Million to Manage Recovery Projects

These funds will support WAPA in its efforts to finance upcoming management activities and reimbursement for costs associated with recovery projects initiated to reconstruct after the damages caused by Hurricane Maria in 2017.

Oriental Completes Acquisition of Scotiabank’s Operations in PR and USVI

Upon opening in the former Scotiabank locations on St. Thomas and St. Croix, Oriental will continue to use certain Scotiabank technology platforms and services for a transitional period following the closing.

Federal Universal Service Charge Rate Change Takes Effect Jan. 1

As a result of action taken by the Federal Communications Commission that affects carriers nationwide, Viya’s telephone, wireless and long -distance customers will notice a decrease in the Federal Universal Service Charge (FUSC).

DOL Informs Public of 2020 Unemployment Insurance Tax Rates

The Department of Labor encourages businesses to find out more about the payment process and rate calculations.

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