Beautiful Virgin Islands

Tuesday, Jun 03, 2025

OneMart stores in ‘every corner of VI’ shows confidence in economy– Premier

OneMart stores in ‘every corner of VI’ shows confidence in economy– Premier

Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) has pointed to the opening of OneMart supermarkets across Tortola as a show of confidence in the Virgin Islands' economy.

“We are doing well. We are thriving. We have persons who are able to open businesses. We have Honourable [Mark H.] Vanterpool, a Member of this House. If he didn't have confidence in the economy, he wouldn't be opening stores in every corner of the Virgin Islands.”

The OneMart Group opened its fourth supermarket on Tortola on December 19, 2022, in Lower Estate. Three of the stores were opened this year.

“Pretty soon he’s going to open up OneMart out there in Salt Island. That's confidence… He has confidence. We have investors knocking down my door, Mr Speaker. The investors want to invest because they believe they'll be able to get their return on their investment here,” Dr Wheatley stated during the Continuation of the Ninth Sitting of the Fourth Session of the Fourth House of Assembly (HoA) at Save the Seed Energy Centre in Duff's Bottom, Tortola, on December 21, 2022.


The OneMart Group recently opened a fully stocked supermarket in Lower Estate, next to Caribbean Cellars, on December 19, 2022.

VI remains 'attractive' to foreign investors

The Premier added that people looking at the VI from around the world can see the value of the Virgin Islands' economy and how attractive it is. He said the people of the VI must see themselves that way as well and get involved.

“You have to see how bright and optimistic the economic picture is in the Virgin Islands, despite inflation, despite the pandemic, despite the hurricanes. Imagine that… we went to hurricanes, we didn't get any big loans, we didn't get any grants, many nations were devastated [but] they got these big grants,” he added.

The Premier reminded that the VI was told by the United Kingdom that its income per capita was too high for certain categories of grants, yet the economy was able to bounce back. 
According to Proprietor of the OneMart supermarkets, Hon Mark H. Vanterpool (R4), the Lower Estate location will serve a large demographic and also help to ease the traffic congestion heading to its main store in Purcell Estate as well as other stores outside of Road Town.


Territory 'bouncing back' from disasters

“We're bouncing back despite not being able to get the financing that we need, we went through COVID, we didn't have to get any big loans to take us through COVID. Our economy, strong financial services Industry [and] when tourism was down and suffering, it took us through and we can feel proud of this; Virgin Islands built by Virgin Islanders and those who have joined us and called the BVI home,” he said. 

The Premier said while there are challenges and things that must be solved, it is for the new and current generation of leaders to solve. 

“We're not saying that everything is perfect, but I believe in the capacity that we have to solve the challenges which confront us, Mr Speaker,” Dr Wheatley added.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
China Accuses US of Violating Trade Truce
Panama Port Owner Balances US-China Pressures
France Implements Nationwide Outdoor Smoking Ban to Protect Children
German Chancellor Merz Keeps Putin Guessing on Missile Strategy
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
×