In his letter sent on July 2, Roach conveyed relevant information and statutory requirements regarding the Virgin Islands Banking Board’s regulatory process for banking institutions.
This is the first reporting year for business entities to file online reports and pay franchise taxes electronically.
The one-year contract with the New York-based non-profit officially commenced on July 1 and will be available to not only the RTPark and its current and prospective client companies, but also other public, quasi-public and civic USVI organizations that are conceptualizing/ implementing economic development initiatives in the territory.
Oriental Bank bought Scotiabank's U.S. Virgin Islands' branch for a $10 million deposit premium, OFG Bancorp announced last week. Oriental also bought Scotiabank's operations in Puerto Rico for $550 million in cash.
Effective July 1, there will be a slight increase in the FUSC surcharge factor from 18.80 percent to 24.40 percent.
The initiative introduces aviation careers to students from backgrounds that are traditionally underrepresented in the industry. The St. Thomas ACE Academy was held from June 24-28 and included high school students from different regions of the island.
The Department of Sports, Parks and Recreation (DSPR) and McDonald’s USVI have chosen the winners of the Summer Essay Contest. Essay contest winners submitted a two-paragraph essay explaining what sports and fitness mean to them.
Viya Scholarships are awarded to two high school seniors -- one in each district -- who have already been accepted to a college or a university. The winning student in each district is awarded a one-time $10,000 scholarship to be used for tuition.
More than 3,100 people attended this year's summit, which included 1,200 business investors from a record 79 global markets.
Business investment opportunities captured high interest among eight prospective investors at a U.S. Virgin Islands Investor Forum on St. Thomas and St. Croix. Government representatives and their public and private sector partners welcomed the prospective investors June 13-15.