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There is major news coming out of the Prime Minister’s visit to Venezuela a few weeks ago. As we have reported, during his recent trip Prime Minister John Briceño met with Venezuelan President Nicolas Maduro and discussed the close relations between both countries. Among the matters deliberated during that visit was Belize’s debt to Venezuela […]
Written on December 12, 2022 | Posted in
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And while negotiations with Venezuela have saved tax payers millions of dollars, the Government of Belize presented its fourth Supplementary Appropriation Bill for this fiscal year before today. The need for additional funds was triggered primarily by the devastation left behind in the wake of Hurricane Lisa. The Government of Belize sought authorization for the […]
Written on December 12, 2022 | Posted in
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Comments Off on Fourth Supplementary Budget for Fiscal Year 2022/2023
Leader of the Opposition Moses “Shyne” Barrow responded to Prime Minister Briceño’s supplementary budget presentation with assertions that Hurricane Lisa is being used as an opportunity to “fleece the national coffers”. Sparks flew across the aisle when Barrow questioned the prime minister about the purchase of a vehicle currently in the P.M.’s use. Here is […]
Written on December 12, 2022 | Posted in
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The Caribbean Development Bank has agreed to loan the Development Finance Corporation twelve million Belize dollars to support the financing of the Tertiary education in Belize. D.F.C., however, must first obtain the approval of the National Assembly to increase its foreign debt. As a result, this morning a loan motion to this end was brought […]
Written on December 12, 2022 | Posted in
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And as another loan to the D.F.C., The International Cooperation and Development Fund Taiwan (I.C.D.F.) has agreed to loan the D.F.C. ten million dollars to support Micro, Small, and Medium Enterprises (M.S.M.E.) .The facility is part of Taiwan’s I.C.D.F. efforts to support the recovery of M.S.M.E.’s after the COVID19 pandemic, with a focus on women […]
Written on December 12, 2022 | Posted in
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Eight-year-old Stefan Keryan, a resident of Denver, Colorado is tonight hospitalised in a critical condition after an accident in Bermudian Landing last Tuesday. The boy was visiting Belize along with his family on a Carnival cruise line when they went on a horseback riding tour of the village. The fun family tour of the community […]
Written on December 12, 2022 | Posted in
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The companies registry has gone digital and you’ll get to hear all about the ease of access that the medium provides for registered business owners who want to access their business profiles from wherever they are. The online service also comes about as a result of the merging of local and international companies’ registries. But […]
Written on December 12, 2022 | Posted in
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Comments Off on Prime Minister Assures There will be Policy for Transparency in Online Companies Registry Management
The Online Business Registry System, O.B.R.S. was officially launched on Friday night for people who do business in Belize and for those who wish to start. It serves to complement the work of the Belize Companies and Corporate Affairs Registry, BCCAR, which was established in July of this year to provide companies and business registration […]
Written on December 12, 2022 | Posted in
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The Online Companies Registry should provide ease of access to registered companies and business owners, but it should not create any kind of ease for people who want to engage in fraudulent businesses. President of the Belize International Financial Services Association, Reynaldo Magana says it takes a few in-depth procedures to license a company, and […]
Written on December 12, 2022 | Posted in
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Before now, there have been businesses that were registered but whose actual owners were not the persons whose names were on the register. And in particular instances there are, sometimes, suspicious conflicts of interest as it pertains to shadow companies that enter into contract with the government. A classic example of this occurred when a […]
Written on December 12, 2022 | Posted in
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Estranged politician Patrick Faber says he will run independent in Collet if the U.D.P. does now allow him to contest the next general elections under its banner. We caught up with the Area Representative for Collet at today’s House Meeting in Belmopan. Surprisingly, he attended the meeting and sat at the end of the opposition’s […]
Written on December 12, 2022 | Posted in
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At the opening of today’s sitting of the House of Representatives, Prime Minister John Briceño acknowledged the contributions of former P.U.P. Minister, the late Sylvia Flores. P.M. Briceño recounted his last visit with Flores back in November, during the Garifuna Settlement Day celebrations in Dangriga. Prime Minister John Briceño “Please allow me a minute […]
Written on December 12, 2022 | Posted in
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Comments Off on P.M. Briceño Acknowledge Contributions of Former Minister Sylvia Flores
Christmas is here and so is the Government of Belize’s Christmas Assistance Program. The Briceño administration has allocated two point five million dollars to be divided among all thirty-one constituencies. P.M. Briceño confirmed this in a brief comment he gave to us earlier today. Prime Minister John Briceño “Yes, we will be doing it. […]
Written on December 12, 2022 | Posted in
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This morning, the Belize Chamber of Commerce and Industry met with the media to discuss the new minimum wage regime that will come into effect at the beginning of the new year. Notwithstanding the establishment of a minimum wage task force, as well as a consultancy to determine the best approach to introducing the scheduled […]
Written on December 12, 2022 | Posted in
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Comments Off on Chamber Says Minimum Wage Should be Phased In
The chamber’s Chief Policy Analyst Dyon Elliott as weighed in on the potentially negative effects of the proposed adjustments, particularly where the employment of low-skilled workers is concerned. Dyon Elliott, Chief Policy Analyst, B.C.C.I. “There have been evidence in other jurisdictions where too sharp change in the minimum wage overnight has led companies to […]
Written on December 12, 2022 | Posted in
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Over the weekend, the first cohort of primary school children graduated from a sewing program at the Port Loyola Library in Belize City. The program was successful with support from Optimist International. Optimist Club 501 Belize is a group consisting of Belizeans in country and in the diaspora who are giving back to the community. […]
Written on December 12, 2022 | Posted in
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Earlier this week, the Department of Environment issued a release on its decision not to approve the Port of Belize Cruise Tourism Facility and Cargo Expansion Project in the Port Loyola area of Belize City. The principals of the proposed development have been informed and, as was confirmed by Chief Environmental Officer Anthony Mai, the […]
Written on December 9, 2022 | Posted in
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The decision by the Department of Environment came on the heels of a meeting held by the National Environmental Appraisal Committee on November twenty-fourth. But the Port of Belize project was not the only item that was discussed. On Thursday, D.O.E. also issued a statement on its decision with respect to a tourism project on […]
Written on December 9, 2022 | Posted in
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Comments Off on D.O.E. Says E.I.A. on Angelfish Caye Tourism Project Must Be Improved, Resubmitted
On Thursday, Guatemala submitted its memorial in the territorial, insular and maritime claim against Belize to the International Court of Justice. Guatemala’s Foreign Minister Mario Adolfo Bucaro Flores, accompanied by an agent, as well as a co-agent presented the reply and its annexes supporting the allegations of facts and law. According to a release issued […]
Written on December 9, 2022 | Posted in
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Comments Off on Guatemala Submits Memorial to I.C.J. in Territorial Claim
Tonight, there is controversy surrounding the Belize Companies Act, 2022. The Senate voted in favor of the passage of that piece of legislation on June twenty-ninth, to replace both the International Business Companies Act and the century-old Companies Act. During that debate, Kevin Herrera, senator for the business community, gave his full support for the […]
Written on December 9, 2022 | Posted in
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Comments Off on Senators Passed Controversial Belize Companies Act, 2022 Back in June
On November twenty-eighth, the Belize Company Registry and Corporate Affairs Registry launched its Online Business Registry System; a fully online companies registry service legislated by the Companies Act, 2022. But, members of the press are taking issue with what they assert is a deliberate act to cloak the public registry system with secrecy. Prior to […]
Written on December 9, 2022 | Posted in
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We caught up with Minister of Home Affairs Kareem Musa at an event in Belize City this morning where he responded to questions on the restriction being placed on inquiries into the proprietors and shareholders of registered companies. Practicing attorneys use the system almost daily on behalf of their clients to gather information on certain […]
Written on December 9, 2022 | Posted in
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Musa was also asked if such access would be frowned upon by the I.B.C.’s since both local and international companies are now merged into one system. Here is how he responded. Kareem Musa, Minister of Home Affairs “I can’t say that it will necessarily be frowned upon. I would have to see it put […]
Written on December 9, 2022 | Posted in
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Comments Off on Public Should Not Be Deprived of “True Ownership Access”, Says Minister Musa
The Belize Companies and Corporate Affairs Registry issued a late-evening release confirming that the regulations for free access of information have changed. The release says that with the amalgamation of the Companies Act and the I.B.C. Act into the new Companies Act 2022 the Financial Services Industry is at the cusp of rebirth and development […]
Written on December 9, 2022 | Posted in
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On the occasion of the International Anti-Corruption Day, the National Trade Union Congress of Belize, N.T.U.C.B. calls for action against corruption. In a press release issued by the union, it underscores that the United Nations General Assembly adopted the United Nations Convention against Corruption, UNCAC, by resolution on October thirty-first, 2003 and designated today’s date […]
Written on December 9, 2022 | Posted in
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Comments Off on N.T.U.C.B: Belize has not made any major significant moves to fully implement UNCAC
