Saturday, January 17, 2015

BVI Government Launches Labour Force Survey

From January 19, 2015, the BVI government will conduct a month long labour force survey in the Virgin Islands, working in partnership with the Organisation of Eastern Caribbean States (OECS) Secretariat.

By words of the Director of the Central Statistics Office, Raymond Phillips, this survey provides estimates of employment and unemployment, which are important indicators of economic stability. The survey results will be used to produce employment and unemployment rates, as well as their estimates by industry, private and public sectors, occupation and hours worked.

The labour force survey is funded with resources from the 10th European Development Fund, also support and assistance is provided by the International Labour Organisation and by the EU under the Economic Integration and Trade of the OECS Region project.

Monday, January 12, 2015

BVI in Top Three of Foreign Investors in Philippines

The Board of Investments of Philippines released foreign investments statistics for 2014, which showed the significant 69.42% decrease if compared to 2013. Netherlands are the top source of foreign investments in the country, while Indonesia became the second FDI source. According to BOI data, Netherlands has seven registered projects in Philippines in 2014, the largest of which was the expansion project of 99% Dutch owned Unilever Philippines Inc.

British Virgin Islands, which remained one of the largest foreign investors of the country, is in the third place of the ranking, followed by Switzerland, UK and Japan; however, its investments have substantially declined as compared to 2013. The biggest investment project of the BVI was the Shangri-La Hotel and Services apartments at the Bonifacio Global City.