SAN JUAN — Leveraging tax incentives and the lure of its tropical and historical locales, Puerto Rico has served as a shooting location for installments of heavyweight Hollywood franchises Pirates of the Caribbean and Fast and Furious and now is aspiring to become a global film production mecca. The United States commonwealth has already attracted […]
Category: Business News
American Airlines To Increase Flights To Dominica Starting In January
ROSEAU — The Commonwealth of Dominica has significantly expanded its tourism offering in recent months, and this week, a new flight will officially launch nonstop to the Caribbean destination. The country is set to welcome American Airlines every Wednesday and Saturday between Miami International Airport (MIA) and Dominica’s Douglas-Charles Airport (DOM). American will increase their operation to three times a week starting January 5th. Recently, […]
The Market St. Croix Pledges To Match $10,000 To Queen Louise Home For Children
FREDERIKSTED — The Market St. Croix and the Hamed Family have pledged to match $10,000 in donations towards Christmas fundraiser benefitting Queen Louise Home for Children. The Hamed family has donated funds to support the Queen Louise Home for Children for the past four years. It started with the Christmas Tree Sales, which generally took […]
Governor Bryan Signs 22 Bills Into Law; Vetoes ‘Special Interest’ Casino Bill
U.S. VIRGIN ISLANDS —Governor Albert Bryan on Monday signed into law 22 bills sent up to him by the 34th Legislature from its legislative session on November 18 and vetoed one bill that he said is “special interest” legislation that violates the Revised Organic Act of 1954. Governor Bryan said Bill No. 34-0168 is unconstitutional […]
No Test Required For Travel From USVI To The United States Mainland
CHARLOTTE AMALIE — As the world responds to new vaccination and testing requirements before boarding an international flight to the United States, officials in the U.S. Virgin Islands are reminding the traveling public that the new rules do not apply to direct travel from the USVI to the U.S. mainland. Commissioner clarifies new travel policies “While international […]
Government Says It Will Dole Out Another Round Of Income Tax Refunds This Week
CHRISTIANSTED — During the Government House weekly press briefing today, Government House Communications Director Richard Motta said the government has begun distributing another round of income tax refunds totaling $25 million. Governor Albert Bryan has said he expects the Virgin Islands government to become current on all outstanding income tax refunds in 2022. This latest […]
UVI HackFest Shines A Spotlight On Students’ Entrepreneurial Creativity
CHARLOTTE AMALIE — Students from the University of the Virgin Islands (UVI) recently showed off their entrepreneurial vision and spirit as part of the University’s annual Hackfest competition. The two teams that won the UVI competition prepared concepts for apps to address the theme of the competition: “Increasing the Quality of Life for the Elderly”. […]
Proposed Payday Loan Owners Plan To Scuttle Refinery Or Flip It For A Profit
CHRISTIANSTED — A bidder in the Limetree Bay refinery auction has asked a Texas bankruptcy court judge to delay tomorrow’s scheduled sale hearing, but a partner for winning bidder St. Croix Energy says he expects the sale to proceed. Christiansted attorney Yohana Manning, one of five founding partners in St. Croix Energy including Cane Bay […]
WAPA Floats $35 Million Worth Of Bonds; Wards Off Lawsuit From Wartsila
CHARLOTTE AMALIE — The Virgin Islands Water and Power Authority successfully closed a $35 million financing funded by fuel tax revenues pursuant to the Authority’s Twelfth Supplemental Resolution that was approved by the Governing Board on October 28, 2021. The issuance of the 2021 Electric Revenue Bond Anticipation Notes allows the Authority to make final […]
Failed Limetree Bay Refinery Bidder Calls Winning Bid ‘Disguised Liquidation’
CHRISTIANSTED — One of the bidders for the bankrupt Limetree Bay refinery objected to the winning bid in court this week, arguing the new company, which said it wants to restart the Caribbean facility, really wants to liquidate its assets. Bankrupt Limetree Bay officially named St. Croix Energy LLLC the winning bidder on Wednesday in […]