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VIDIC seeks new CEO amid bank collapse

VIDIC seeks new CEO amid bank collapse

The saga surrounding the collapsing Bank of Asia took a new twist Friday when the public agency that triggered its winding-down suddenly advertised for a new CEO. The job advertisement from the Virgin Islands Deposit Insurance Corporation followed...

NY Bankruptcy Judge Gives Celsius the Green Light to Pursue $4.3B Lawsuit Against Tether

NY Bankruptcy Judge Gives Celsius the Green Light to Pursue $4.3B Lawsuit Against Tether

A New York bankruptcy court has given Celsius the go-ahead to pursue the bulk of its $4 billion lawsuit against stablecoin issuer Tether, according to a recent court filing. STORY CONTINUES BELOW The bankrupt crypto lender filed suit against...

It's time to put an end to financial secrecy in the British Virgin Islands

It's time to put an end to financial secrecy in the British Virgin Islands

3 min read4 hr We cannot credibly aspire to be the anti-corruption capital of the world while the British Virgin Islands continues to avoid proper transparency. Once again, the British Virgin Islands (BVI) have missed a critical deadline to...

We’re not thinking! Walwyn bemoans new burden on employers

We’re not thinking! Walwyn bemoans new burden on employers

in All News / By: BVI News on July 4, 2025 at 8:11 AM / Opposition Leader Myron Walwyn has warned that the government’s approach to legislation and economic policy is placing an unsustainable financial burden on employers in the Virgin Islands....

GAO: Guam's public debt at $2.5B, faces risks despite stable economy

GAO: Guam's public debt at $2.5B, faces risks despite stable economy

Guam’s public debt totaled $2.5 billion for fiscal 2023, a 4% drop from fiscal 2021, based on a newly released report of the investigative arm of the U.S. Congress. The Government Accountability Office’s analysis of audited financial statements...

Rising debt is not bad if it leads to economic expansion

Rising debt is not bad if it leads to economic expansion

Managing the debt level properly, thus, is critical to sustain economic growth. The country’s increasing debt level has alarmed many Filipinos. Critics have feared that future generations will unfairly inherit the enormous debt and suffer the...

How to choose between the US.Virgin Islands and British Virgin Islands

How to choose between the US.Virgin Islands and British Virgin Islands

The USVI and BVI are home to world-famous beaches, water sports, and the freshest seafood. Photograph by Sean Pavone / Alamy Stock PhotoBoasting a sailing culture like no other, the Virgin Islands archipelago calls to travelers from all over the...

U.S. or British—which set of Virgin Islands is right for you?

U.S. or British—which set of Virgin Islands is right for you?

Boasting a sailing culture like no other, the Virgin Islands archipelago calls to travelers from all over the globe. Blue-green waves as clear as glass shimmer and dance, revealing a sprawling underwater ecosystem that weaves its way through...

Old Walls, New Life: How Tax Credits Are Preserving St. Thomas’ History

Restored buildings at 15 Main and 9 Wimmelskaft Gade are among the first on St. Thomas to qualify for the federal historic tax credit program. (Photo courtesy DPNR – Virgin Islands State Historic Preservation Office) As one local development group...

36th Legislature of the Virgin Islands Calendar

36th Legislature of the Virgin Islands SENATE CALENDAR June 30, 2025 – July 11, 2025 MONDAY, JUNE 30 Committee on Budget, Appropriations and Finance 10:00 A.M. Earle B. Ottley Legislative Hall The Committee on Budget, Appropriations and Finance...

Senate passes 'big beautiful bill,' expands tax-exempt financing to spaceports

Senate passes 'big beautiful bill,' expands tax-exempt financing to spaceports

Vice President JD Vance, center, departs after breaking a tie to pass Donald Trump's $3.3 trillion tax and spending cut bill Tuesday after a furious push by Republican leaders to persuade holdouts to back the legislation.Bloomberg News The...

VIDIC CEO LISA ANN VIOLET RESIGNS AMID FINANCIAL SECTOR PRESSURES

VIDIC CEO LISA ANN VIOLET RESIGNS AMID FINANCIAL SECTOR PRESSURES

A vacancy has emerged for the position of Chief Executive Officer at the Virgin Islands Deposit Insurance Corporation (VIDIC), following the resignation of former CEO. Violet was appointed to the role in August of last year. Her appointment came...

Pensacola Beach dining guide: Where to eat on the beach, from fancy to flip flops

Pensacola Beach dining guide: Where to eat on the beach, from fancy to flip flops

If you’re making the trek out to Pensacola Beach for a sun-soaked day on the sand, you need to give some thought to your dining options to fuel the day. Whether you’re looking for a quick slice of New York-style pizza or a waterfront fresh catch...

Vacancy Notice - Chief Executive Officer (CEO) Of The Virgin Islands Deposit Insurance Corporation

The Virgin Islands Deposit Insurance Corporation is seeking a qualified person to fill the following position: Chief Executive Officer (CEO) of the Virgin Islands Deposit Insurance Corporation. The CEO is the primary executive responsible for...

VIDIC seeks new CEO after Bank of Asia decision

VIDIC seeks new CEO after Bank of Asia decision

in All News / By: BVI News on June 30, 2025 at 8:22 AM / Weeks after initiating winding-up proceedings for the Bank of Asia, the Virgin Islands Deposit Insurance Corporation (VIDIC) is now looking for a new Chief Executive Officer (CEO). A vacancy...

Clare dynamo Donegan shines as Leona’s putter goes cold at Women's Irish Open

Clare dynamo Donegan shines as Leona’s putter goes cold at Women's Irish Open

Aine Donegan loves the spotlight and she showed at Carton House that she’s not afraid to go toe-to-toe with the best when she opened with a two-under 71 in the KPMG Women’s Irish Open.The Lahinch amateur arrived in Co Kildare running on fumes...

SBA Urges Eligible Virgin Islands Nonprofits to Apply for Disaster Loans Ahead of July 25 Deadline

SBA Urges Eligible Virgin Islands Nonprofits to Apply for Disaster Loans Ahead of July 25 Deadline

The U.S. Small Business Administration is reminding private nonprofit (PNP) organizations in the U.S. Virgin Islands that they have until July 25, 2025 to apply for low-interest federal Economic Injury Disaster Loans (EIDLs). These loans are...

Tamburlini and Fernandez tied at the top in Ireland

Tamburlini and Fernandez tied at the top in Ireland

Switzerland’s Chiara Tamburlini and Spain’s Blanca Fernandez both fired opening rounds of 67 (-6) to top the leaderboard after day one of the 2025 KPMG Women’s Irish Open. It was a day of varying conditions on the golf course with periods of sun,...

Krish fundraiser sells out in under 24 hours

Krish fundraiser sells out in under 24 hours

Tickets for a raffle fundraiser for the family of Carrollton police officer Dustin Krish sold out in less than 24 hours, according to organizers. The raffle tickets, which were $100 each, were for a chance to win a two-person, five-night stay in...

Fight for 40,000 BTC Continues: Judge Allows Celsius’s Lawsuit Against Tether to Proceed

Fight for 40,000 BTC Continues: Judge Allows Celsius’s Lawsuit Against Tether to Proceed

A U.S. bankruptcy judge has ruled that Celsius Network can proceed with its $4.3 billion lawsuit against Tether. The case focuses on claims that the USDT issuer improperly sold nearly 40,000 Bitcoin (BTC) in June 2022. The Judge’s Ruling In court...

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