Beautiful Virgin Islands

Friday, Sep 26, 2025

Mitch Slams Investment Bill! We Are Putting Our ‘Negros’ In Field To Work

Mitch Slams Investment Bill! We Are Putting Our ‘Negros’ In Field To Work

The proposed Virgin Islands Investment Act, 2020 received stinging criticisms from Hon. Melvin ‘Mitch’ Turnbull during a debate in the House of Assembly last evening, August 19.

The Second District Representative said that if the proposed bill is to pass in its current form it will only result in the BVI becoming a place where the people are working for investors.

“If we are not careful the BVI that we know that our forefathers were proud to protect, proud to work hard for, proud to sacrifice for, that you cannot identify ownership of land, ownership of businesses, but then you look and see, that all you have is a territory that has its people working for its investors,” he passionately said.

According Premier and Finance Minister, Hon. Andrew Fahie, who piloted the bill, said it is important for economic transformation, and it will also modernize the framework for attracting investment in the Territory.

He said it is also aimed at making it more competitive and attractive for both domestic and international investment.

Work on the bill had started under the former National Democratic Party (NDP) administration.

Hon. Turnbull said he had also raised concerns about the bill under the former government.

“It came at a time when the discussions on the airport expansion was coming around. I had my views and I still hold to the same views. I don’t have a problem developing anything in this country because it has been done before and we can continue to do it,” he said.

The opposition member added, “but when you are going tell me, that you are going to bring in whether it is Chinese, Filipinos, Africans, Cubans, Colombians on top of your people, and set up this establishment because the neighbor is cheaper and you can have your people work alongside them, get experience, and after a while they will go then you take over, now in 2021? That is what we are talking about?”

He said that the many buildings, establishments, and industries that have been built and developed by ‘our’ people, is proof of the capabilities of locals.

“And you are still telling me that you still need somebody to come in look over you and then we wonder why we always have to answer to somebody else. It’s because of our mentality because of the way we have been training our people,” he said.

He gave an example of the Cannabis Licensing Act, 2020.

“You cannot tell me on that same marijuana bill that you bringing in an investor who we don’t know and we are going to put our negros in the field to work. Think about it; you cannot tell me that you are going to have all these millionaires and billionaires to invest and develop this territory and then tell me you are going to put your people in there to work,” Hon. Turnbull bemoaned.

He said, “when you bring in these investors it is going to look, feel good for a while but then those same companies (local), which have been stapled in the Virgin Islands for so many years, what do they do?”

The second district representative said he has heard the arguments that the local businesses failed to diversify, but according to him, it is the leaders who failed to help them diversify.

“There are more security, bars, construction, and concrete businesses, businesses of the same kind in the territory. You are telling me we cannot call a forum or something that our people come together and say this is what we want to do,” he stressed.

According to Hon. Turnbull they are always ready and willing to look outside.

“We always looking to somebody and that somebody else always have a brief case and a suit and don’t look nothing like me and you,” he said.

Provide A Framework


Premier Fahie earlier outlined the objectives of the proposed bill, which he said is long overdue. He said it will revolutionize and modernize the way business is done in the BVI. He said it is to also make it more competitive and attractive for both domestic and international investment.

The Premier told the House of Assembly that the proposed bill is important for economic transformation, and it will also modernize the framework for attracting investment in the Territory.

The Trade Commission which will be set up under the Act, will be responsible for the administration of the Act. It will among other things, receive and consider the investment proposals under the Act, and approve or disapprove such applications under the Act, and promote both foreign and domestic investment by identifying specific projects for participation in those projects.

“We all know we need investment in the Virgin Islands in all forms. It (bill) aims to create a stable environment for local and foreign investors, who wish to invest in the Virgin Islands so they can feel welcome, comfortable and confident because the systems are operating in an efficient and transparent manner with good governance,” he said.

He said development is a function of the economy, the economy is a function of development and investment is a driver of both.

“If we want to attract investments then we must address the concerns and needs of investors while balancing the interest of the territory and its people. We must find the balance,” the Premier said.

He pointed out that the proposed bill is to ensure that there is clarity for the opening of investments, the procedures, and mechanisms for fairness and addressing dispute as well as an environment to ensure there is ease when doing business.

The Finance Minister in explaining the the objectives of the Act said it will provide a clear and transparent framework for investment in territory thereby further strengthening good governance; provide for an efficient dispute mechanism involving investment; provide mechanism for inter-ministerial coordination on regulatory provisions; put system in place for both international and domestic investment; encourage the creation of employment, wealth, reduce poverty, and increase more economic opportunities among other things.

The debate will continue on Monday August 23.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Trump Alleges ‘Triple Sabotage’ at United Nations After Escalator and Teleprompter Failures
Shock in France: 5 Years in Prison for Former President Nicolas Sarkozy
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
BNP Paribas Abandons Ban on 'Controversial Weapons' Financing Amid Europe’s Defence Push
Typhoon Ragasa Leaves Trail of Destruction Across East Asia Before Making Landfall in China
The Personality Rights Challenge in India’s AI Era
Big Banks Rebuild in Hong Kong as Deal Volume Surges
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Arnault Denounces Proposed Wealth Tax as Threat to French Economy
Study Finds No Safe Level of Alcohol for Dementia Risk
Denmark Investigates Drone Incursion, Does Not Rule Out Russian Involvement
Lilly CEO Warns UK Is ‘Worst Country in Europe’ for Drug Prices, Pulls Back Investment
Nigel Farage Emerges as Central Force in British Politics with Reform UK Surge
Disney Reinstates ‘Jimmy Kimmel Live!’ after Six-Day Suspension over Charlie Kirk Comments
U.S. Prosecutors Move to Break Up Google’s Advertising Monopoly
Nvidia Pledges Up to $100 Billion Investment in OpenAI to Power Massive AI Data Center Build-Out
U.S. Signals ‘Large and Forceful’ Support for Argentina Amid Market Turmoil
Nvidia and Abu Dhabi’s TII Launch First AI-&-Robotics Lab in the Middle East
Vietnam Faces Up to $25 Billion Export Loss as U.S. Tariffs Bite
Europe Signals Stronger Support for Taiwan at Major Taipei Defence Show
Indonesia Court Upholds Military Law Amid Concerns Over Expanded Civilian Role
Larry Ellison, Michael Dell and Rupert Murdoch Join Trump-Backed Bid to Take Over TikTok
Trump and Musk Reunite Publicly for First Time Since Fallout at Kirk Memorial
Vietnam Closes 86 Million Untouched Bank Accounts Over Biometric ID Rules
Explosive Email Shows Sarah Ferguson Begged Forgiveness from Jeffrey Epstein After Taking His Money
Corrupt UK Politician Ed Davey Demands Elon Musk’s Arrest for Supporting Democracy
UK, Canada, and Australia Officially Recognise Palestine in Historic Shift
Alibaba Debuts Open-Source Deep Research Agent with Benchmarks Rivaling OpenAI
Marcos Faces Legacy-Defining Crisis as Flood Projects Scandal Sparks Massive Tide of Protests
China’s Micro-Drama Boom Turns Stalled Real Estate Projects into Lavish Film Sets
New Eye Drops Show Promise in Replacing Reading Glasses for Presbyopia
'Company Got 5,189 H-1B Visas, Then Laid Off 16,000 Americans': US Defends New $100,000 H-1B Visa Fee
Golf legend tells Omar she should be 'sent back to Somalia' after her Kirk comments
EU Set to Bar Big Tech from New Financial Data Access Scheme
China Bans Livestreaming and AI in Religion Amid Crackdown on Shaolin Temple Scandal
Documents Reveal Mandelson Failed to Declare Epstein-Funded Flights as MP in 2003
Dubai Property Boom Shows Strain as Flippers Get Buyer’s Remorse
Harris Memoir Sparks Backlash from Democrats for Blunt Critiques in ‘107 Days’
Germany Weighs Excluding France from Key European Fighter Jet Programme
Cyberattack Disrupts Check-in and Boarding Systems at Major European Airports
Japan’s ‘Death-Tainted’ Homes Gain Appeal as Prices Soar in Tokyo
Massive Attack Withdraws from Spotify Over Daniel Ek’s €600M Defence-AI Investment
Björn Borg Breaks Silence: Memoir Reveals Addiction, Shame and Cancer Battle
When Extremism Hijacks Idealism: How the Baader-Meinhof Gang Emerged and Fell
Top AI Researchers Are Heading Back to China as U.S. Struggles to Keep Pace
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
Trump Orders Third Lethal Strike on Drug-Trafficking Vessel as U.S. Expands Maritime Counter-Narcotics Operations
Trump Orders $100,000 Fee on H-1B Visas and Launches ‘Gold Card’ Immigration Pathway
×