Beautiful Virgin Islands

Monday, Aug 04, 2025

Business and government share dialogue in "solution forum"

Business and government share dialogue in "solution forum"

A group of around 40 of what BVI Chamber of Commerce and Hotel Association Chairwoman Shaina Smith called the “unsung heroes” of the Virgin Islands economic recovery gathered on Tuesday to meet with Premier Andrew Fahie and his government in a daylong session the association dubbed a “solution forum

“Virgin Islands businesses are the backbone of the economy,” Ms. Smith said, adding that 2019 budget estimates projected the territory to have a real gross domestic product value of over $1.1 billion in 2018.

For that reason, she said, collaborative relationships between the public and business sector leaders are “essential to push our economy on a positive path as we enter a new stage in our national recovery and a new decade in the 21st Century, where global investments have been taking place at an unprecedented pace.”


Agenda

Media were asked to leave after the opening ceremony, but the official programme stated that the forum would alternate between industry presentations and group discussions on tourism, construction, the environment, yachting, ease of doing business, and youth entrepreneurship.
During his remarks before the forum, the premier said the government is doing all it can to provide economic opportunity, but he added that the private sector will continue to play the largest role, especially as the VI’s traditional industries of financial services and tourism face threats.

“We are encouraging private individuals and corporate entities to look carefully at the present and changing landscape, and identify those openings that you can turn into viable business opportunities,” he said.

He outlined the government’s three-point plan for the economy, which is to ensure that financial services stakeholders continue to stabilise the sector; to increase earnings from tourism by increasing visitor volume and visitor spending; and to continue to develop the necessary infrastructure for business, including education.

“We must have the means of getting people and goods in and out of the territory without hassle, and -very important -we must have a trained and qualified cadre of people to perform at the highest levels in organisations,” he said.


Related legislation

Mr. Fahie said the forum was an extension of the themes touched upon in last month’s Speech from the Throne, which was themed “Going Green, Going Smart,” and last week’s Budget Address, particularly legislation related to customs management, merchant ship- ping and Airbnb tax.

“We looked at those pieces of legislation that, once passed, would lead to revenue generation,” he said. “Each piece of legislation is linked to strategies of diversification in the budget.”


New logo

Mr. Fahie also unveiled the government’s “green agenda for 2020,” which he said “all falls under the umbrella of one simple principle: BVILOVE.”

This slogan and logo, he said, will appear on all government communications beginning Jan. 1.

“The mission and vision of your government is to create a green BVI where all residents love living in the green BVI,” the premier said. “Employees and employers love working in the green BVI. Family and friends love visiting the green BVI, and local and foreign investors love investing in the green BVI.”

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
Tesla Seeks Shareholder Approval for $29 Billion Compensation Package for Elon Musk
Nvidia is cutting prices on its RTX 50-series graphics cards after sales slowed and inventories piled up
Ghislaine Maxwell Transferred to Minimum-Security Prison Amid Ongoing DOJ Discussions
U.S. Tariffs Surge to Highest Levels in Nearly a Century Under Second Trump Term
Matt Taibbi Slams Media for Role in Russiagate Narrative
Pilots Call for Mental Health Support Without Stigma
All Five Trapped Miners Found Dead After El Teniente Mine Collapse
Ong Beng Seng Pleads Guilty in Corruption Case Linked to Former Singapore Transport Minister
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
Italy Fines Shein One Million Euros for Misleading Sustainability Claims
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
Declassified Annex Links Soros‑Affiliated Officials and Clinton Campaign to ‘Russiagate’ Narrative
UK's Online Safety Law: A Front for Censorship
Nationwide Protests Erupt in Brazil Demanding Presidential Resignation
Parents Abandon Child at Barcelona Airport Over Passport Issue
Mystery Surrounds Death of Brazilian Woman with iPhones Glued to Her Body
Bus Driver Discovers Toddler Hidden in Suitcase in New Zealand
Switzerland Celebrates 734 Years of Independence Amid Global Changes
U.S. Opens Official Investigation into Former Trump Prosecutor Jack Smith
Leaked audio of Canada's new PM Mark Carney admitting the truth about the Net Zero agenda: "We're gonna make a lot of money off of this."
China Enforces Comprehensive Ban on Cryptocurrency Activities
Absolutely 100% Realistic EVO Series Doll by EXDOLL (Chinese Company) used mainly for carnal purposes
World Economic Forum founder Klaus Schwab: "In this new world, we must accept... total transparency. You have to get used to it. You have to behave accordingly. But if you have nothing to hide, you shouldn't be afraid."
Meet Mufti Hamid Patel, head of Office for Standards in Education in Pakistan
George Soros tells the World Economic Forum: "President Trump is a con man and the ultimate narcissist, who wants the world to revolve around him."
Hamas are STARVING the hostages.
Decline in Tourism in Majorca Amidst Ongoing Anti-Tourism Protests
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
Poland Begins Excavation at Dziemiany After New Clue to World War II‑Era Nazi Treasure
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Threatens Canada with Tariffs Over Palestinian State Recognition
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Trump Sues Murdoch in “Heavyweight Bout”: Lawsuit Over Alleged Epstein Letter Sets Stage for Courtroom Showdown
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
Trump Administration Finalizes Broad Tariff Increases on Global Trade Partners
J.K. Rowling Limits Public Engagements Citing Safety Fears
JD.com Launches €2.2 Billion Bid for German Electronics Retailer Ceconomy
Azerbaijan Proceeds with Plan to Legalise Casinos on Artificial Islands
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
×