Rymer Defends Long-Standing Businesses
Communications and Works Minister Kye Rymer pushed back after Opposition Leader Myron Walwyn warned that unfair trade practices by large firms were driving smaller operators out of the market. Speaking during the House budget debate, Rymer said many so-called big businesses are local, family-run enterprises that have survived economic shocks and continue to support the territory through jobs and community contributions.
Communications and Works Minister Kye Rymer has defended long-established businesses in the British Virgin Islands after Opposition Leader Myron Walwyn urged stronger rules to curb what he described as unfair trade practices that could force smaller operators out of the market. Walwyn had warned during recent political discussions that large companies were using their market power to undercut competitors and that government intervention might be needed to level the playing field.
The comments came as the House of Assembly debated the government’s budget and broader economic policy. In his contribution to the budget debate, Rymer disputed the blanket characterisation of these firms as problem actors. He argued many of the larger players in the territory are local enterprises and multigenerational family businesses that have weathered global disruptions and continue to make social and economic contributions to the Virgin Islands. "Well, Premier, I think it’s important that we pay homage, though, to our local businesses," Rymer told the House, highlighting supermarkets such as One Mart, Bobby’s and Supa Valu and other groups including the Vanterpool group and One Stop Mall.
He also singled out smaller, long-standing operators such as Panchies and Nito’s and businesses in Fish Bay like CTL and the Skeleton Group. Rymer pointed to hair and nail salons, including those run by members of the Syrian and Palestinian communities, as examples of entrepreneurial contribution to the territory’s commercial fabric.
He said these businesses "keep their doors open, consistently pay staff salaries and make social contributions to the wider community." The minister painted a picture of a resilient, evolving local economy, noting that he had observed new stores opening across the territory and likening the feel of commercial activity to being "in Times Square." Rymer also urged caution when weighing advice on spending and economic priorities, suggesting the government should consider the credibility and track record of those proposing policy changes.
For BVI residents, the exchange underscores an ongoing policy debate: how to protect small businesses and ensure fair competition while recognising and supporting long-standing local firms that provide employment and community support. As budget discussions continue, the House of Assembly is likely to remain a forum for balancing those competing priorities.
Primary source: BVI News