Uncategorized
Festival Costs Outpace Revenue Despite $1M Intake, Says Premier
The British Virgin Islands’ annual cultural festival generated over one million US dollars in revenue last year, but according to Premier Dr Natalio D. Wheatley, that figure was not enough to cover the full cost of staging the event.
“While it’s encouraging that the festival brought in over a million, the reality is that expenses continue to run into the millions,” Dr Wheatley said during a recent appearance on Virgin Islands Voice on Wednesday, 14 May. “It’s a massive undertaking, and the financial responsibility is shared between government, sponsors, and revenue from ticket sales and other activities.”
The festival, a cornerstone of Virgin Islands cultural life, remains a priority for the government—but not a commercial venture. The Premier was quick to emphasise that the objective is not to generate profit, but to ensure that the event is sustainable and that local vendors and service providers are paid promptly.
“Our role isn’t to make money,” he said. “We want local businesses to benefit. When we charge at the gate or host activities, it’s simply to cover costs and make sure no one is left unpaid.”
This year, government officials are hoping to improve the festival’s management framework by formalising the Festival and Fairs Committee. The Premier confirmed that the Ministry of Tourism, Culture and Sustainable Development is in the final stages of selecting board members, with recommendations expected to go before Cabinet in the coming days.
Among those currently serving are long-standing volunteers, some of whom have applied for official posts on the incoming board. “These are people who have poured their time and energy into making this festival a success year after year,” Wheatley said.
Volunteers currently receive minimal benefits, such as event access, but legislation does allow for stipends to be issued to official committee members. As the structure evolves, Dr Wheatley suggested that further support could be considered for sub-committee leaders who bear significant workloads.
Despite the financial challenges, the Premier remained optimistic about the future of the festival and the community’s enduring commitment to its cultural heritage.
“This is something we do out of love for who we are,” he said. “With better planning and continued support, we’ll keep it alive and thriving.”
The Royal Virgin Islands Police Force (RVIPF) has identified the body recovered from the waters near Maria’s By The Sea Hotel as that of Vincent Warner, 47, of Tortola.
According to a statement issued by the RVIPF on Friday, officers recovered the body of a male individual from the sea near Maria’s By The Sea Hotel. “Officers are currently on scene,” the statement read. “Further details will be provided as they become available.”
Warner had been reported missing since May 26, 2025. Family members have since confirmed his identity to police.
He was described as having a slim build and a dark complexion, standing approximately 5 feet 6 inches tall and weighing around 170 pounds. He was the son of Viva Ham-Warner.
As of Saturday, the RVIPF has not released details on the cause of death. The investigation remains ongoing.
The Premier of the British Virgin Islands, Hon. Dr. Natalio D. Wheatley, has moved to reassure the public and international stakeholders of the Territory’s financial stability following the planned wind-down of Bank of Asia (BVI) Limited. In an official statement released Friday, Dr. Wheatley emphasized the government’s commitment to transparency, strong regulatory oversight, and the continued integrity of the Virgin Islands’ globally recognized financial services sector.
“As Premier, my priority is the stability and wellbeing of our Islands,” Wheatley said. “We are proud of the global confidence placed in our financial services sector, and I want to reaffirm that this Government remains focused on protecting that reputation.”
Wheatley praised the leadership of the Financial Services Commission (FSC) and the Virgin Islands Deposit Insurance Corporation (VIDIC), two key institutions responsible for regulating and protecting the Territory’s banking sector. He described both as operating with “professional expertise and international best practices” and expressed confidence in their ability to manage the wind-down process with diligence and in full compliance with the BVI’s regulatory framework.
The Premier also addressed public concerns over the placement of government funds with Bank of Asia, clarifying that such decisions are made within the Ministry of Finance by designated public officers, without any involvement from government ministers.
“Deposits such as these are strategies to diversify the Government’s financial portfolio,” he explained. “This is a practice that is commonplace and fiscally responsible across jurisdictions worldwide.”
To promote public trust and ensure transparency, Dr. Wheatley announced he has requested an internal audit of the specific transaction involving the Bank of Asia deposit. “I hope this will offer clear insight, foster confidence, and bring greater understanding to all,” he said.
The statement comes as the Virgin Islands continues to navigate its position as a global financial center, facing evolving international scrutiny and regulatory expectations. The Premier encouraged residents to rely on official sources—including the Government’s website and verified social media channels—for accurate updates on financial and governance matters.
“As Premier, I remain fully committed to protecting the public interest and to maintaining the strength and stability of our financial system,” he said. “This Government is moving forward with confidence, purpose, and unity. Together, we move ahead—with clarity, with strength, and with optimism.”
The Royal Virgin Islands Police Force (RVIPF) confirmed Friday that the body of a man was recovered from the waters near Maria’s by the Sea Hotel in Road Town.
Officers from the RVIPF responded to the scene shortly before noon, where the body was retrieved from the sea. The identity of the individual has not yet been released.
Police remained at the location into the afternoon, continuing their investigation. The circumstances surrounding the discovery remain unclear.
In a brief statement, the RVIPF said, “The body of a male individual was recovered from the sea in the vicinity of Maria’s by the Sea Hotel a short moment ago. Officers are currently on scene. Further details will be provided as they become available.”
This is a developing story. Check back for updates.
Body Found in Road Town Waters Identified as Missing Man
Lorna Smith Refutes Allegations in Bank of Asia Closure: “I Had No Such Authority”
Premier Wheatley Affirms Confidence in BVI Financial System Amid Bank Wind-Down
-
Uncategorized3 days agoBody Found in Road Town Waters Identified as Missing Man
-
Uncategorized3 days agoBody Recovered Near Maria’s by the Sea Hotel
-
Education6 days agoBVI Records Over 85 Student Suspensions in Early 2025
-
Uncategorized2 weeks agoBritish Virgin Islands Regulators Move to Wind Down Bank of Asia (BVI) Limited
-
Entertainment1 week agoK’Meeya Chung and Dakarai Wheatley-Adams Crowned Miss and Mr. HLSCC 2025
-
Local News4 days agoU.S. Travel Ban on Haiti and Other Nations Sparks Concern Across the Caribbean
-
Entertainment1 week agoNeil Frett Named Honouree as 71st Virgin Islands Emancipation Festival Officially Launched
-
International4 days agoU.S. Embassy Issues Warning on ‘Birth Tourism’