Beautiful Virgin Islands

Thursday, Oct 30, 2025

VI must 'implement measures to lessen shock of rising costs'– Hon Malone

VI must 'implement measures to lessen shock of rising costs'– Hon Malone

At-Large Representative and Opposition Member in the Virgin Islands (VI) House of Assembly (HoA), Hon Carvin Malone (AL) has called on local leaders to bring measures that can mitigate the rising cost of living in the territory.

Hon Malone made the comment during a telephone interview with the host of The Big Story, Ms Cathy O. Richards, on July 6, 2022, when he said amidst struggles being faced by the territory, the local economy is not getting any better as it relates to the prices of commodities and other essentials.

“The world economy is in an uproar, inflation is at a high. I cannot categorically say it is at the highest it has ever been, but the fact is, [when] you look at the pumps, see where the prices are, look at interest rates, see how they [are] moving, look at the particular cost of transportation, see what is happening there, the cost of anything is up now!” he said.

Hon Malone detailed that the conflict between Ukraine and Russia is also having adverse effects on the price of wheat on the global market, which in turn is affecting local supply, “it's having an effect on our store shelves,” he underscored.

Hon Carvin Malone detailed that the conflict between Ukraine and Russia is also having adverse effects on the price of wheat on the global market which in turn is affecting local supply, 'it's having an effect on our store shelves,' he underscored.


Players refusing to do business - Hon Malone


The At Large Member told viewers that these prices are also affecting the cost of transportation, including instances where some persons are refusing to do business because it is not profitable due to the cost of fuel.

“So we have to look and be mindful that we are in fact going to be affected by all of this, and we have to put measures in place that will lessen the shock of this,” he added.

Hon Malone said that as leaders and as a people in the VI, persons have to be mindful as they focus on the increase in prices.

The cost of fuel has been a major economic issue, sparking conversations and several commentators and industry leaders have called for the government to cushion the impacts.

Addressing the issue on his show, Honestly Speaking, on March 8, 2022, Mr Claude O. Skelton-Cline said there are fuel companies on the island with the ability to store millions of gallons of fuel however, these same companies continuously change their prices to reflect the market price.

Another outcry from the public has been the drastic increase in fuel surcharge by the BVI Electricity Corporation.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
UK and Vietnam Sign Landmark Migration Deal to Fast-Track Returns of Irregular Arrivals
UK Drug-Pricing Overhaul Essential for Life-Sciences Ambition, Says GSK Chief
Princesses Beatrice and Eugenie Temporarily Leave the UK Amid Their Parents’ Royal Fallout
UK Weighs Early End to Oil and Gas Windfall Tax as Reeves Seeks Investment Commitments
UK Retail Inflation Slows as Shop Prices Fall for First Time Since Spring
Next Raises Full-Year Profit Guidance After Strong Third-Quarter Performance
Reform UK’s Lee Anderson Admits to 'Gaming' Benefits System While Advocating Crackdown
United States and South Korea Conclude Major Trade Accord Worth $350 Billion
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
Vice President Vance to Headline Turning Point USA Campus Event at Ole Miss
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Bill Gates at 70: “I Have a Real Fear of Artificial Intelligence – and Also Regret”
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Saudi Arabia Unveils Vision for First-Ever "Sky Stadium" Suspended Over Desert Floor
Amazon Announces 14 000 Corporate Job Cuts as AI Investment Accelerates
UK Shop Prices Fall for First Time Since March, Food Leads the Decline
London Stock Exchange Group ADR (LNSTY) Earns Zacks Rank #1 Upgrade on Rising Earnings Outlook
Soap legend Tony Adams, long-time star of Crossroads, dies at 84
Rachel Reeves Signals Tax Increases Ahead of November Budget Amid £20-50 Billion Fiscal Gap
NatWest Past Gains of 314% Spotlight Opportunity — But Some Key Risks Remain
UK Launches ‘Golden Age’ of Nuclear with £38 Billion Sizewell C Approval
UK Announces £1.08 Billion Budget for Offshore Wind Auction to Boost 2030 Capacity
UK Seeks Steel Alliance with EU and US to Counter China’s Over-Capacity
UK Struggles to Balance China as Both Strategic Threat and Valued Trading Partner
Argentina’s Markets Surge as Milei’s Party Secures Major Win
British Journalist Sami Hamdi Detained by U.S. Authorities After Visa Revocation Amid Israel-Gaza Commentary
King Charles Unveils UK’s First LGBT+ Armed Forces Memorial at National Memorial Arboretum
At ninety-two and re-elected: Paul Biya secures eighth term in Cameroon amid unrest
Racist Incidents Against UK Nurses Surge by 55%
UK Chancellor Rachel Reeves Cites Shared Concerns With Trump Administration as Foundation for Early US-UK Trade Deal
Essentra plc: A Closer Look at a UK ‘Penny Stock’ Opportunity Amid Market Weakness
U.S. and China Near Deal to Avert Rare-Earth Export Controls Ahead of Trump-Xi Summit
Justin time: Justin Herbert Shields Madison Beer with Impressive Reflex at Lakers Game
Russia’s President Putin Declares Burevestnik Nuclear Cruise Missile Ready for Deployment
Giuffre’s Memoir Alleges Maxwell Claimed Sexual Act with Clooney
House Republicans Move to Strip NYC Mayoral Front-Runner Zohran Mamdani of U.S. Citizenship
Record-High Spoiled Ballots Signal Voter Discontent in Ireland’s 2025 Presidential Election
Philippines’ Taal Volcano Erupts Overnight with 2.4 km Ash Plume
Albania’s Virtual AI 'Minister' Diella Set to 'Birth' Eighty-Three Digital Assistants for MPs
Tesla Unveils Vision for Optimus V3 as ‘Biggest Product of All Time’, Including Surgical Capabilities
Francis Ford Coppola Auctions Luxury Watches After Self-Financed Film Flop
Convicted Sex Offender Mistakenly Freed by UK Prison Service Arrested in London
United States and China Begin Constructive Trade Negotiations Ahead of Trump–Xi Summit
U.S. Treasury Sanctions Colombia’s President Gustavo Petro over Drug-Trafficking Allegations
Miss USA Crowns Nebraska’s Audrey Eckert Amid Leadership Overhaul
‘I Am Not Done’: Kamala Harris Signals Possible 2028 White House Run
NBA Faces Integrity Crisis After Mass Arrests in Gambling Scandal
Swift Heist at the Louvre Sees Eight French Crown Jewels Stolen in Under Seven Minutes
U.S. Halts Trade Talks with Canada After Ontario Ad Using Reagan Voice Triggers Diplomatic Fallout
Microsoft AI CEO: ‘We’re making an AI that you can trust your kids to use’ — but can Microsoft rebuild its own trust before fixing the industry’s?
×