Beautiful Virgin Islands

Tuesday, Jul 01, 2025

Promise delayed, not denied: Prospect Reef workers will be paid ‘in few weeks’ - Premier -

Promise delayed, not denied: Prospect Reef workers will be paid ‘in few weeks’ - Premier -

Employees of Prospect Reef have been told they must wait a while longer before they are paid their outstanding salaries by the government.

The employees have been working without pay for roughly 14 months and were promised months ago that they would have been paid in full by August 2019.

Two months past that promised date, Premier Andrew Fahie said: “A promise delayed does not mean a promise denied. But I do apologize to them and we are going to make sure that they get paid.”


Why are the employees still not paid?

Fahie, who made that statement last week while answering questions from Third District Representative Julian Fraser, said there were a few reasons behind the delayed payment.

“First, Prospect Reef is a shareholding company established by legislation in this House of Assembly including a memorandum of articles of association. Fifty percent of the shares are held by the Permanent Secretary in the Premier’s Office, and the other fifty percent is held by the Financial Secretary on behalf of the government,” the Premier said.

“Secondly, under the Prospect Reef Management Act 2005, there is to be a non-executive body including a managing director to manage the day to day affairs of the Prospect Reef Management Company,” he added.

Premier Fahie told the House of Assembly that a new executive body needs to be appointed before the payments can be made and plans are already underway in that regard.

He said: “As shareholders, the government is addressing the request for additional monies by the company to pay its debt including outstanding salaries to staff as soon as possible. The salaries owed to staff should be paid in the next few weeks given that these areas are now cleared up. The delay to pay sooner is regrettable, but it was one that was tied up in legal confines,” he remarked.


Pay the people

Fraser then asked the Premier if he did not know about the said ‘legal confines’ when he had initially promised the payments by August 2019.

In response, the Premier said: “There is more in the mortar than in the pestle with this one.”

“They will be paid but I want to tell this Honourable House that it is not just about salaries. And if the government had intervened to pay on top of the board which had certain concerns, we were going into some legal grounds that we were advised not to go,” he further said.

“While I agree the persons who are working there who were owed before we got into office and not saying that it is justified, it is not that simple. But in a few weeks’ time I can say that all the parameters have been dealt with to have them paid,” the Premier said.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Robots Compete in Football Tournament in China Amid Injuries
Trump Administration Considers Withdrawal of Funding for Hospitals Providing Gender Treatment to Minors
Texas Enacts Law Allowing Gold and Silver Transactions
China Unveils Miniature Insect-Like Surveillance Drone
OpenAI Secures Multimillion-Dollar AI Contracts with Pentagon, India, and Grab
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Elon Musk Critiques Senate Budget Proposal Over Job Losses and Strategic Risks
Los Angeles Riots ended with Federal Investigations into Funding
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Education Secretary Announces Overhaul of Complaints System Amid Rising Parental Grievances
Massive Anti-Government Protests Erupt in Belgrade
Trump Ends Trade Talks with Canada Over Digital Services Tax
UK Government Softens Welfare Reform Plans Amid Labour Party Rebellion
Labour Faces Rebellion Over Disability Benefit Reforms Ahead of Key Vote
Jeff Bezos and Lauren Sánchez Host Lavish Wedding in Venice Amid Protests
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
North Korea to Open New Beach Resort to Boost Tourism Economy
UK Labour Party Faces Internal Tensions Over Welfare Reforms
Andrew Cuomo Hints at Potential November Comeback Amid Democratic Primary Results
Curtis Sliwa Champions His Vision for New York City Amid Rising Crime Concerns
Federal Reserve Proposes Changes to Capital Rule Affecting Major Banks
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Trump Escalates Criticism of Media Over Iran Strike Coverage
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
Big Four Accounting Firms Fined in Exam Cheating Scandal
NATO Members Agree to 5% Defense Spending Target by 2035
Australia's Star Casino Secures $195 Million Rescue Package Amid Challenges
UK to Enhance Nuclear Capabilities with Acquisition of F-35A Fighter Jets
Russian Shadow Payments via Cryptocurrency Reach $9 Billion
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
×