Local News
Stay Indoors and Off the Roads – No All Clear Yet – BVIDDM warns
As Tropical Storm Ernesto continues to impact the British Virgin Islands, the Department of Disaster Management (DDM) is urging all residents to remain indoors and avoid unnecessary travel.
Numerous trees have fallen, particularly in the countryside areas on the northern side of the islands, posing significant risks. Sightseeing is strongly discouraged, as there is a high likelihood of becoming trapped by debris.
Road crews are actively assessing the damage and working to clear debris from the roads. However, the all-clear has not yet been given. Residents are advised to stay off the roads until further notice. The DDM emphasises that the teams are prioritising the clearing of main roads first, but their safety is also paramount. The public is urged to exercise patience as these efforts continue.
Tropical Storm Ernesto, which is expected to strengthen into a hurricane, remains a serious threat. As of 2 a.m., the storm was located near latitude 19.0 North and longitude 66.0 West, approximately 86 miles west-northwest of Road Town. Moving northwest at 17 mph (28 km/h), the storm is expected to take a turn toward the north-northwest and then north, gradually decreasing in speed by Wednesday night and Thursday.
On its current trajectory, Ernesto is forecasted to pass to the northeast and north of Puerto Rico by early Wednesday, then move over the western Atlantic later in the week, potentially approaching Bermuda by Friday.
With maximum sustained winds now at 70 mph (110 km/h) and further strengthening anticipated, Ernesto is likely to become a hurricane by early Wednesday. Tropical-storm-force winds extend outward up to 125 miles (205 km) from the center, and residents should be prepared for heavy rain, flash flooding, and hazardous marine conditions.
The Department of Disaster Management continues to monitor the situation closely and will provide updates as necessary. Residents are strongly encouraged to stay informed and take all necessary precautions to protect themselves and their property during this critical period.
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Local News
British Virgin Islands Financial Services Commission Welcomes New Leadership
The British Virgin Islands Financial Services Commission (BVIFSC) has announced new appointments to its governing board, with Mr. Gerard St Clair Farara KC stepping in as Chairman and Ms. Patlian Johnson as Commissioner. The appointments, confirmed by the Ministry of Financial Services, Labour, and Trade, mark a new chapter for the commission as it seeks to strengthen the territory’s financial services sector.
Mr. Gerard St Clair Farara KC has been appointed to a three-year term as Chairman, effective August 1, 2024. A seasoned legal expert with a distinguished career, Farara currently serves as a Commercial Court Judge for the Eastern Caribbean Supreme Court and leads the litigation team at the BVI office of COLLAS CRILL, formerly Farara Kerins. Farara’s prominence in the legal community is further highlighted by his appointment as Queen’s Counsel in 1996, cementing his standing as a leading figure in the Virgin Islands Bar and the broader Eastern Caribbean.
Ms. Patlian Johnson will serve a one-year term as Commissioner, also beginning on August 1, 2024. Johnson, a Strategy and Policy Advisor with extensive experience, currently holds the position of National Coordinator for the UNDP Project Office. She brings an impressive academic background, including a Master of Science in Economics and Finance from the University of Bristol and a Bachelor of Science in Economics and Accounting with First Class Honours from the University of the West Indies, Cave Hill Campus.
The pair will replace outgoing Chairman Mr. Robin F. Gaul and Commissioner Mr. Melvin A. Turnbull, whose terms have concluded. Minister of Financial Services, Labour, and Trade, Honourable Lorna G. Smith, OBE (AL), praised the new appointments, stating, “I am delighted to welcome Mr. Farara and Ms. Johnson to the BVIFSC Board of Commissioners. Their combined expertise will be invaluable as we continue to navigate the challenges and opportunities facing the financial services sector.”
Smith also expressed gratitude to the departing board members for their significant contributions to the growth and stability of the territory’s financial services industry. According to the Government Information Service (GIS), these appointments underscore the Virgin Islands’ commitment to maintaining a well-regulated and competitive financial services sector.
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