German Economic Update (2)

Economic NewsThe Onion News Network, an entertaining Mad Magazine type of parody of American TV news magazines, broadcast an interesting show in late 2013. At the 2015 China Offshore Summit, which was held in Shanghai on November 4-5, CEO of Vistra Group Martin Crawford made a presentation on behalf of BVI Finance. Presentations were also made for the BVI at the Summit by group legal counsel at AMS Financial Group, Barry Mitchell, director of BVI House Asia, Elise Donovan, and managing partner in China of Harney, Westwood and Riegels, Kristy Calvert. The first board members were appointed by the Cabinet of the British Virgin Islands on September 7; the newly appointed members are Mr. John Beechey, who became the Chairman of the Board, Mr. Mark Forte, Mr. Cherno Jallow, QC, Mr. Murray Smith and Ms. Felice Swapp.

BVI Financial Services Commission has published thirty-eighth volume of the Financial Services Quarterly Statistical Bulletin, which provides statistics and information on financial services activities for the first quarter of 2015. Cumulative number of companies incorporated in the British Virgin Islands as at 31 March 2015 was 478,865. Also, there were 1,104 Private Trust Companies and 701 Limited Partnerships registered in the jurisdiction at the end of Q1 2015.

According to the Investment Business statistics, 8 Professional and 4 Private Mutual Fund licences were granted in the first quarter of 2015. Further information about financial services in the BVI jurisdiction in the first quarter of 2015 can be found on BVI FSC homepage. Director of BVI House Asia , Elise Donovan, represented the advantages of BVI financial services and company structures used for fund management and asset protection, and said that the territory is ready to deepen bilateral relations with China. Former premier and leader of the opposition Ralph ‘Neal will not participate in the election 2015.Economic News

The next general election in the British Virgin Islands is set on June 8, a proclamation was published in the Gazette on May 7. The House of Assembly was dissolved on May 1, 2015. A standout in the 2014 Intrust Super Cup Grand Final and a long term Queensland Residents representative, the classy fullback notched up his 100th Intrust Super Cup match for the Northern Pride in 2015.

RBV Governor Simeon Athy personally delivered the good news to BSP Group CEO Robin Fleming in Port Moresby, Papua New Guinea, by handing over the license for Bank South Pacific (Vanuatu) Ltd which becomes effective July 1st, 2016. The Vanuatu completion has been delayed as a result of Tropical Cyclone Pam which caused much devastation in March 2015 with the consequent impacts on the economy and the banking sector in Vanuatu. The XXXX 2014 People’s Choice Award for Intrust Super Cup made a consistently valuable impact off the bench for the Hunters in season 2015 during their run into the finals and proved equally ferocious in attack and defence.

Economic News