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Over the weekend the Ministry of Rural Transformation, Community Development, Labor and Local Government issued a release on the Trade Licensing Bill 2022 to clarify what they say is erroneous and misleading representation on social media. It is a two-page document that highlights eleven points. Among the many questions being asked is whether roadside vendors […]
Written on May 16, 2022 | Posted in
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Comments Off on G.O.B. Offers Clarity on Trade Licensing Bill 2022
The Government of Belize brought a six million dollar loan motion before the House of Representatives today. The loan, in U.S. dollars, is from the International Bank of Reconstruction and Development, and it is being sought to assist in Belize’s COVID-19 response. According to Prime Minister Briceño, the greatest portion of the loan will be […]
Written on May 13, 2022 | Posted in
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Comments Off on U.S.D Six Million Dollars Loan Motion to the House
The cost of goods and services has gone up considerably and Belizeans are feeling the pinch in their wallets. But, what are the various factors that are influencing these increases? To get some answers we turned to Christopher Coye, the Minister of State in the Ministry of Finance, who explains that Belize is “a price […]
Written on May 12, 2022 | Posted in
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People & Places |
Comments Off on A Nation of Importation and External Economic Influence
We asked Minister Coye whether he foresees the cost of essential goods going down in the near future. He explained that in the long term, prices never go back down. According to Minister Coye, there is an economic rationale for steady and sustained annual inflation. The price of fuel may fluctuate, he says, but that […]
Written on May 12, 2022 | Posted in
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People & Places |
Comments Off on Minister Coye, “Prices Never Go Down”
So why not simply decrease taxes on essential goods? For all intents and purposes, a tax decrease will lower prices on the market, but in the long term it will cut into government’s revenue. This will then negatively impact the services provided by the government. That is how Minister Coye puts it. He says that […]
Written on May 12, 2022 | Posted in
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Comments Off on Over One Million Dollars in Tax Reduction on Fuel for April
Any increase in the cost of flour is illegal and if supermarkets and stores are caught selling this commodity at a higher price they will be dealt with by the Ministry of Food Security. That’s the message coming from Minister Jose Abelardo Mai as reports have been surfacing that the cost of flour has gone […]
Written on May 12, 2022 | Posted in
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Comments Off on No S.I. Means Cost of Flour Should Not Go Up
Climate change has become a buzz word for Small Island Developing States like Belize. The effects of climate change are visible along Belize’s coast where many communities are experiencing firsthand the erosion of beaches and homes. Mitigating the effects of climate change along Belize’s coast requires a multi-sectoral approach, says Kennedy Carillo, the C.E.O. in […]
Written on May 12, 2022 | Posted in
Economy,
Environment,
People & Places |
Comments Off on Global Climate Fund Stakeholders Workshop
A ‘G.C.F.’ grant fund for nine hundred thousand dollars was also launched at today’s workshop. The grant fund is being directed towards identifying and finding solution to the effects of climate change along the coast of Belize. The Ministry of Economic Development is the National Designated Authority of G.C.F. in Belize. Dr. Osmond Martinez, the […]
Written on May 12, 2022 | Posted in
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Environment,
People & Places |
Comments Off on G.C.F. Grants$900,000 to Address Climate Change Coastal Impacts
The International Monetary Fund released its 2022 country report on Belize on Tuesday, May tenth. In its report, the IMF took note of Belize’s economic recovery over the last fiscal year. The report says of Belize’s economy, “economic activity is recovering strongly.” The IMF also noted the near ten percent expansion in real GDP, led […]
Written on May 11, 2022 | Posted in
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Regional / International |
Comments Off on IMF Projects Decline in Primary Balance for 2022
While Belize continues to rebound following the onslaught of COVID-19 on our economy, it has required skillful planning to get things back to where they were before the pandemic wreaked havoc in the country. At the heart of B.T.B.’s plan to revitalize an otherwise depressed industry, are getting the hotels back up and running to […]
Written on May 10, 2022 | Posted in
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Comments Off on Tourism Still Rebounding Well but with Slow Points
The Turks and Caicos Islands are hosting the Fifty-Second Annual Meeting of the Caribbean Development Bank, of which Belize is a borrowing member. The meeting is described as the single most important meeting in the bank’s annual agenda. This is where members of the board of governors convene to chart the future of the bank […]
Written on May 10, 2022 | Posted in
Economy,
Environment,
People & Places |
Comments Off on C.B.D. Hold Fifty Second Annual Meeting in Turks and Caicos
At the top of the agenda for this year’s meeting are climate change and sustainability. Dr. Hyginus Leon, President of the Caribbean Development Bank, explained the importance of measurement in informing the banks’ development strategies. Here is what he had to say. Dr. Hyginus Gene Leon, President, Caribbean Development Bank “The idea is that […]
Written on May 10, 2022 | Posted in
Economy,
Environment,
People & Places |
Comments Off on C.D.B.’s Annual Meeting to Address Climate and Resilience Issues Across the Region
One government official who was elated about the opportunities for farmers and improving food security was Minister of Agriculture, Food Security and Enterprise Jose Abelardo Mai. Just last week, Minister Mai spoke to News Five about further expanding trade relations with Mexico and tapping into that market, which has approximately one hundred and twenty-eight million […]
Written on May 9, 2022 | Posted in
Agriculture,
Economy,
Featured,
People & Places |
Comments Off on History in the Making: Sembrando Vida to Boost Productive Sector
Prime Minister John Briceño was present at the launch of the multinational defense exercise Tradewinds 2022, on Saturday in Ladyville Village. The two-week exercise will see one thousand, eight hundred military men from twenty nations training shoulder to shoulder. It is a display of force and unity among these nations on land, air, sea, and […]
Written on May 9, 2022 | Posted in
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People & Places |
Comments Off on Tradewinds 2022 Officially Begins
Tradewinds 2022 will be held from May seventh to the twenty-first and will see approximately one thousand; eight hundred military men from twenty nations across the Caribbean and elsewhere converge in Belize and Mexico. The Caribbean-focused regional security exercise is to develop military capacity in terms of land, air, sea, and cyber security of the […]
Written on May 6, 2022 | Posted in
Economy,
People & Places,
Regional / International |
Comments Off on Belize Co-Hosting Tradewinds 2022
Aside from strengthening partnership within the region, chief among the objectives is to expand the region’s capacity to mitigate, plan for and respond to crises, including transnational crimes such as the illegal drug trade from South America into the U.S. In the past year alone, we have been reporting on numerous drug plane tracks to […]
Written on May 6, 2022 | Posted in
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Regional / International |
Comments Off on Strengthening Capacity of Countries to Intercept Transnational Crimes
SOUTHCOM Director Kevin Bostick also spoke about safety protocols for the one thousand, nine hundred military personnel who will be participating in the exercise. In 2020, Tradewinds was cancelled due to the COVID-19 pandemic; nonetheless, Bostick says that they’ve been able to put in place guidelines to ensure the safety of all participants. Kevin […]
Written on May 6, 2022 | Posted in
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People & Places,
Regional / International |
Comments Off on Health Protocols in Place for Tradewinds 2022
The first Development Partners Forum, marking the start of government’s effort to establish a transparent mechanism for collaboration with its development partners, was held today in Placencia Village. The event saw the participation of representatives from the Ministry of Economic Development and from the Inter-American Development Bank and the European Union. The mechanism is part […]
Written on May 6, 2022 | Posted in
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People & Places,
Regional / International |
Comments Off on Government and International Funding Agencies Hold Development Partners Forum
Higher prices on goods and fuel are taking a serious financial toll on all Belizeans. Across the country, an increase in the cost of basic commodities is impacting the ability of families to purchase food items. It is an economic situation that is most felt in rural communities. During the U.D.P.’s press conference on Wednesday, […]
Written on May 5, 2022 | Posted in
Economy,
People & Places,
Social Issues |
Comments Off on Inflation is Heavily Felt in Rural Communities
BELTRAIDE launched its fifth National Competitive Month, under the theme “unlocking competiveness through innovation and transformation”. The launch was held at the Biltmore where micro, small and medium enterprises shared experiences on innovation and transformation, especially during the peak of COVID. BELTRAIDE hopes to encourage competiveness and innovation through the month of May through engagements […]
Written on May 4, 2022 | Posted in
Economy |
Comments Off on BELTRAIDE Launches “National Competitive Month”
Doctor Almendarez also spoke about BELTRAIDE’s efforts to gather data on the number of informal businesses in Belize. While they estimate that informal business accounts for some forty percent of the market, this still needs to be verified. Doctor Almendarez is encouraging informal businesses to register their companies, not only for tax purposes, but also […]
Written on May 4, 2022 | Posted in
Economy |
Comments Off on Gains for Formalized Businesses
Last September, the Ministry of Economic Development requested technical support for a non-refundable feasibility study on five of Belize’s public hospitals. That study will be conducted after CABEI responded favorably about a month ago. The institutions that will be involved are the Western Regional Hospital, the Punta Gorda Community Hospital, the Southern Regional Hospital, the […]
Written on April 29, 2022 | Posted in
Economy |
Comments Off on Feasibility Study to Be Conducted on Five of Belize’s Public Hospitals
As of midnight on Thursday, the cost of liquefied petroleum gas went down a few cents. The Supplies Control Unit in the Ministry of Agriculture, Food Security and Enterprise released the new fixed controlled prices for butane. In the case of wholesale import, the cost is now retailing at four dollars and ninety-three cents per […]
Written on April 29, 2022 | Posted in
Economy |
Comments Off on Cost of LPG Goes Down
Government has rejected a recent proposal to increase the cost of sliced bread, despite a notice that was issued last week by the Association of Bakers informing retailers of an imminent price hike. On Monday, cabinet met in regular session and among the issues discussed was a submission by the Ministry of Agriculture, Food Security […]
Written on April 28, 2022 | Posted in
Economy,
Featured,
People & Places,
Politics |
Comments Off on Cabinet Says No to Increase in Cost of Sliced Bread
It is inevitable; the cost of bread is going up. We have been reporting that some stores and bakers have been selling a sixteen-ounce pack of sliced bread at two dollars and fifty cents, retail and wholesale. This is exacerbated by the fact that the cost of living is at an all-time high and internationally, […]
Written on April 28, 2022 | Posted in
Economy,
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People & Places |
Comments Off on Brace Yourself – the Cost of Bread is Going Up!
