BREAKING

Business

Interior Announces $4.4 Million in Payment to USVI for Adjustment to FY 2019 Rum Excise Taxes

Staff Consortium | January 14, 2020

The U.S. Department of the Interior announced Monday that $4,466,642 will be forwarded this week to the Government of the Virgin Islands, which represents an adjustment for rum excise tax payments for FY 2019. Certified by the U.S. Department of the Treasury, this amount represents an adjustment owed to the USVI government based on actual certified rum excise tax collections and the remaining amount owed to the USVI after an initial advance payment for the 2019 fiscal year, D.O.I. said.  “Every year, we do our best to ensure quick and timely transmission of these funds to the U.S. Virgin Islands government,” said D.O.I. Secretary Doug Domenech  “It is a collective effort by the Office of Insular Affairs (OIA) team to ensure the funds will be electronically transferred this week.”  Under the Revised Organic Act of the Virgin Islands (48 USC…

Housing Finance Authority Receives $779 Million in…

Staff Consortium | January 07, 2020

Virgin Islands Housing Finance Authority (VIHFA) announced today that the grant agreement for the second…

Virgin Islander Warren Wells Among Elite Group Inducted…

Staff Consortium | January 03, 2020

Virgin Islander and Delta Air Lines veteran of 21 years, Warren Wells Jr., joined an elite class of…

Oriental Completes Acquisition of Scotiabank's Banking…

Staff Consortium | January 01, 2020

Oriental Bank has announced that it has completed the acquisition of the Puerto Rico and U.S. Virgin…

Latest

VIPD Awarded $280,000 From FEMA for Wind Retrofit Project

Staff Consortium | December 18, 2019

The Federal Emergency Management Agency (FEMA), through the Hazard Mitigation Grant Program (HMGP), recently awarded $285,250 to the Virgin Islands Police Department (VIPD) for the Leander Jurgen Comm...

View More...