Business
BVI recognised as “Sexiest New Destination” by American Airlines
By BVI Airports Authority
(PRESS RELEASE) — The Virgin Islands is said to be American Airlines “Sexiest New Destination” as the Territory gears up for a new service with the airline to Miami, which is expected to be launched on June 1.
In an article titled “Bringing Sexy Back”, American Airlines confirmed that the Network Planning Team won the Cranky Network Award for Sexiest New Route – Short Haul for American Airlines.
“We are going to rock this destination. Congratulations BVI!” a representative from American Airlines said while congratulating the Territory on achieving the recognition.
Meanwhile, work is ongoing at the Terrance B. Lettsome International Airport in anticipation of the start-up of the service and the increase in passengers through the facility.
Minister of Communications and Works Honourable Kye Rymer stated that the success and growth of the Territory’s economy is heavily reliant on hassle-free access and connectivity.
He said the direct connection to the US Mainland by American Airlines will prove to be a “game-changer” and one of the main economic drivers to the main industries in the VI.
Honourable Rymer said, “I am thrilled that American Airlines has chosen to extend their services to the VI as the Government and the Authority continue to work tirelessly to enhance and increase air access to and through the Territory. Connectivity through air service development will continue to be our main focus ahead of the proposed airport development project.”
Chairman of the Board of Directors, Mr. Theodore E. Burke, said, “the project implementation team from American Airlines visited the Territory from February 20 to24 and met with officials from the BVI Airports Authority and other industry stakeholders to ensure a smooth launch and integration of the service to the Territory.”
The team included specialists in project implementation and management, Information Technology, customer experience, compliance and airport and airline operations.
Discussions were held with the officers from the Departments of Immigration and Customs, several hotels and other service providers at the airport. They also met with members of the Authority’s Board of Directors to share their vision for partnering with the airport and by extension the Territory along with the next steps in the project ahead of start-up.
Mr. Burke pledged the full support and commitment of the board to the project which he stated will undoubtedly prove to strengthen the VI’s economy with the ease of air access.
“Our board is aware of the difficulties with travelling to the Territory and as part of our mandate, we are committed to improved air access not only to the US Mainland but also within the region and will continue to partner with airlines to bring this to fruition,” he added.
Managing Director Mr. Kurt Menal said the authority is currently undertaking the necessary steps to prepare the airport for the significant increase in passenger movement that will result from the direct connection by American Airlines.
Mr. Menal said, “We are cognizant of the reality that air service development has outpaced necessary infrastructural enhancement given the highly desirable nature of the Virgin Islands as a destination for pleasure and business. In this regard, certain aspects of the proposed airport masterplan will be initiated with a view to incrementally providing the additional capacity that will be required to efficiently process the added volume of passengers.”
The Managing Director added that the intention is to implement seamless processes throughout the passenger journey to ensure that guests experience at the Territory’s airport is one befitting of the warmth of the Virgin Islands.
The authority’s team has already identified the office and check-in counter spaces to be occupied by American Airlines for their operations. The immediate next step will see the airlines installing the necessary equipment and infrastructure at the airport, followed by the recruitment and training of the necessary personnel to staff their operations.
The authority will continue its efforts to enhance the customer experience through our airports with crucial improvements and upgrades to our facilities.
Business
BVI Financial Investigation Agency and Jersey Financial Services Commission Sign Agreement to Strengthen Cooperation in Tackling Financial Crimes
The Financial Investigation Agency (FIA) of the British Virgin Islands (BVI) has recently strengthened ties with the Jersey Financial Services Commission (JFSC) through a Memorandum of Understanding (MoU) signed on 25 October. The agreement formalises a cooperative framework for consultation and information-sharing between the two regulatory bodies, enhancing their oversight in financial regulation.
The MoU signals a shared commitment by the BVI and Jersey to uphold rigorous financial standards and combat financial crimes. By sharing essential intelligence, the FIA and JFSC aim to bolster efforts to detect, prevent, and investigate crimes such as money laundering, terrorist financing, and proliferation financing.
Errol George, Director of the FIA BVI, expressed the importance of the partnership, stating, “The signing of this MoU establishes a framework for information exchange between the FIA BVI and JFSC, supporting compliance with the laws, regulations, and rules relating to the functions of our Authorities. I am indeed pleased with the progress we are making in the Territory to tackle financial crime.”
Through this agreement, both agencies will, upon request, provide critical information that strengthens regulatory practices across the Designated Non-Financial Businesses and Professions (DNFBP) sector. Shared data will include details on corporate structures, management standards, and organisational quality, all essential for effective supervision.
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Business
Virgin Islands Secures $100 Million Loan to Drive Infrastructure and Community Development
Business
FirstBank Customers Accounts Show Zero or Negative Balances Electronically
– Persons Accessing Cash In Bank
This morning account holders at 1FirstBank awoke to discover that their online account balances had disappeared. A widespread issue, affecting both personal and business accounts, has left customers unable to access their funds, with many reporting negative or zero balances on the bank’s digital platform.
The issue was discovered early Tuesday morning when users attempting to log in to their accounts were met with unsettling balances, with some even seeing their accounts marked as overdrawn despite no recent transactions. Several customers described seeing a balance of zero on their account’s home screen despite previously having substantial savings.
“I thought it was just me, but when I called a friend who banks with FirstBank, they had the same problem,” said the account holder. “It’s incredibly stressful, especially since there’s been no word from the bank yet.”
The problem, which seems to have affected customers across the territory, has prompted many to visit local branches in person. Several individuals reported being able to access their accounts once they arrived at the bank. However, the disruption has rendered ATM services and card transactions nonfunctional, leaving customers unable to withdraw cash or make payments.
JTV News reached out to 1FirstBank, where a representative confirmed that the electronic banking system is currently down and the matter is being addressed at the international level. Customers were advised that, for the time being, they would need to visit a branch to resolve any issues, as card swipes and ATM withdrawals were temporarily disabled.
While FirstBank has yet to release an official statement on the cause of the outage, customers are growing increasingly concerned about the safety of their funds. The nature of the problem—whether it is a technical glitch or something more serious like a security breach—remains unclear.
At this stage, it is unknown when the issue will be resolved or if all accounts will be restored to their proper balances.
The financial uncertainty has left both personal and business account holders on edge, with some businesses reporting disruptions in their daily operations due to the inability to access company funds.
JTV News will continue to monitor the situation closely and provide updates as more information becomes available.
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