Business
Scrub Island Resort, Spa & Marina Returns to Independent Luxury Resort Status
After an 11-year affiliation with Marriott International’s Autograph Collection, Scrub Island Resort, Spa & Marina will once again operate as an independent luxury resort starting August 1.
The popular private-island resort, known for its unique offerings and stunning setting, made history in 2010 as the first hotel in the Caribbean to join the Autograph brand. However, the decision to return to its independent roots comes as Scrub Island undergoes a series of enhancements and a major $8 million capital improvement plan.
Joe Collier, President and Founder of Mainsail Lodging & Development, expressed his gratitude for the relationship with Marriott but emphasized the need for Scrub Island to reclaim its independent status. This move will allow the resort to further cultivate authentic and elevated vacations in the British Virgin Islands (BVI). With upcoming enhancements and expanded villa offerings, Scrub Island aims to cater to a targeted audience seeking luxury homes and suites with bespoke amenities.
Already underway, the multi-phase upgrade plan includes the recently opened Marina Cay Bar & Grill, situated on an eight-acre private island just offshore from Scrub Island. This addition offers lunch and dinner options for resort guests, locals, and island-hoppers. Other upgrades include the Harbor Boutique, The Leeward House, and The Shoreline House villas. A new round of capital improvements, set to be completed by Spring 2024, will enhance dining experiences, introduce new furnishings in Marina Village accommodations and select villas, and expand offerings on Marina Cay.
Perched on a rugged cliff with breathtaking views of the Atlantic Ocean, Caribbean Sea, and neighboring islands, Scrub Island Resort is an ideal destination for island-hopping adventures in the BVI. Sailing and boating enthusiasts can take advantage of the region’s fair weather, gentle trade winds, and easy access to over 60 nearby islands. Virgin Gorda, Jost Van Dyke, St. Thomas, Anegada, and Norman Island are just a few of the captivating destinations within reach of Scrub Island’s marina. The resort is also a short distance from the renowned North Drop, renowned for its exceptional sailfish fishing.
Guests can choose from a variety of accommodation options, including 52 guest rooms with gourmet kitchens, spacious living areas, and private balconies, as well as 13 two-, three-, four-, and six-bedroom villas. The resort features two private beaches, a waterfront infinity pool, an intimate spa, world-class dining, and on-site access to dive charters. With a 55-slip marina capable of accommodating mega yachts up to 160 feet, Scrub Island also offers a fully stocked provisions outpost and petrol station, providing 10,000 gallons of diesel fuel to both leased and transient dockers.
Accessing Scrub Island is a breeze with a quick ferry ride from Tortola via the resort’s complimentary water taxi. Travelers arriving at Terrance B. Lettsome International Airport (EIS) on Beef Island can easily transfer to Scrub Island for a memorable stay.
For reservations or more information, visit ScrubIsland.com, call (877) 890-7444, or email reservations@mainsailbvi.com.
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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