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TORONTO — The Bank of Nova Scotia says it has reached a deal to sell its operations in the U.S. Virgin Islands and Puerto Rico to Oriental Bank, a subsidiary of OFG Bancorp. OFG Bancorp says it is acquiring the Toronto-based bank’s Puerto Rico operation for $550 million in cash, and Scotiabank’s U.S.

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CHARLOTTE AMALIE — To promote hotel and resort development, the Economic Development Authority (USVIEDA) has launched an online database with at least 50 government and privately-owned USVI properties. Developers and investors can learn about these properties at www.investusvirginislands.com  “Hotel and resort developers need readily-accessible resources that can assist them in locating properties that

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CHARLOTTE AMALIE — A “major” power outage was affecting three of the four major U.S. Virgin Islands since early this morning, the Virgin Islands Water and Power Authority said. The outage “is a result of the loss of generation capacity at the Randolph Harley Power Plant,” WAPA said. “Plant personnel

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CHRISTIANSTED — Tania Tomyn, CEO of RetroLock Corporation of California, recently traveled to the U.S. Virgin Islands. She fell in love with the Caribbean as a young girl when her parents had a second home on St. Croix, which has become their full-time residence for the past decade. Her passion for the

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Despite being the butt of many lawyer-themed jokes, maritime law is a real thing and it is a lot more convoluted than one would think. Most people think they’ll never have to worry about maritime law, it isn’t like the average person spends an extended period of time on a

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CHRISTIANSTED — In a bid to reduce disruptions of potable water service during power blackouts, the governing board of the Virgin Islands Water and Power Authority on Wednesday approved the purchase of standby generators for all potable water pumping stations territory-wide. The approval came at the board’s monthly meeting on

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HAVANA — Cruise line Carnival Corporation is asking a U.S. court to dismiss lawsuits that claim the company profited from confiscated Cuban property, the first such cases brought since the Trump administration made them possible this month. Two U.S. citizens who claim to hold titles to the Havana and Santiago de

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CHARLOTTE AMALIE — The Virgin Islands Waste Management Authority (VIWMA) said that a main water line broke near the entrance road to the Bovoni Landfill in St. Thomas on Wednesday. The Nadir and Bovoni pump stations are affected by this “force main break” at the Mangrove Lagoon Wastewater treatment plant and

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CHRISTIANSTED — The Virgin Islands Water and Power Authority said that 9,200 customers lost power on St. Croix today. WAPA said four St. Croix estates were without electricity because “of a loss of generation capacity at the Estate Richmond power plant.” “Plant personnel are working to rebuild capacity in order

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CHARLOTTE AMALIE — FirstBank of the Virgin Islands advised people on Facebook today that some of its customers have received emails from scammers with the subject “Your Account Has Been Debited” followed by instructions to enter a fraudulent website. FirstBank said that if you receive this message you should delete it

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