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According to Minister Mai, rice farmers are also reaching out. This is because the acquisition cost of fertilizers, as well as increasing prices for fuel, triggered by the conflict between Russia and Ukraine, may see grains such as beans, rice, and corn likely going up as well. Jose Abelardo Mai, Minister of Agriculture, Food […]
Written on April 28, 2022 | Posted in
Agriculture,
Economy,
Featured,
People & Places |
Comments Off on Cost of Beans, Rice & Corn Likely to Go Up as Well
Minister of Agriculture, Food Security and Enterprise Jose Abelardo Mai has been on record to say that Belize should shift its trade interests from CARICOM to Central America. He says it is not about turning away from the CARICOM region, but diversifying the market. Minister Mai did not mince words when he said that trading […]
Written on April 28, 2022 | Posted in
Agriculture,
Economy,
Featured,
People & Places |
Comments Off on Diversifying Trade Markets & Turning Interests to Central America
Belize’s Blue Bond has given Belize substantial debt relief. That was among the main pieces of information coming out of the University of Belize’s Second Annual Gian Ghandi Memorial Lecture held today. Financial Secretary Joseph Waight, who presented the lecture on this topic, explained in layman’s terms that, essentially, Belize borrowed “fresh” money to repay […]
Written on April 28, 2022 | Posted in
Economy,
Featured,
People & Places |
Comments Off on Blue Bond Has Provided Substantial Debt Relief
Waight said that the outlook for this year is promising and that tourism and agriculture are performing as Belize’s biggest revenue earners. Joseph Waight, Financial Secretary “We’re on a growth path and what we see here is that each sector of the economy is projected to do better than last year. We’re projecting a […]
Written on April 28, 2022 | Posted in
Economy,
Featured,
People & Places |
Comments Off on Economic Growth for 2022 Looks Promising
In tandem with Belize’s economic performance is the medium-term development strategy that was scheduled to have been completed by the end of February, but the government was engaged in consultations with all relevant parties. There was a delay in the time frame some of the stakeholders responded and now the strategy is in the final […]
Written on April 28, 2022 | Posted in
Economy,
People & Places |
Comments Off on Medium-term Development Strategy Almost Complete
We asked Dr. Martinez, against the backdrop of the cost of living going up and the poverty rate that has likely increased, whether there is a disconnect between government’s commendable economic growth and individual families’ economic circumstances. This was how he responded. Dr. Osmond Martinez, C.E.O., Ministry of Economic Development “When we look at […]
Written on April 28, 2022 | Posted in
Economy,
People & Places,
Social Issues |
Comments Off on Has Inflation Increased the Poverty Rate?
Consumer prices for the month of March were up by almost six percent, as the cost of fuel, food and liquefied petroleum gas were most affected. The Statistical Institute of Belize has issued the results of its Consumer Price Index survey which indicate that the country experienced an overall national inflation rate of five point […]
Written on April 27, 2022 | Posted in
Economy |
Comments Off on Consumer Price Index Indicates that Everything Di Go Up!!
Cansino explained that people with high hospital bills with the K.H.M.H. can work out payment plans to cover their debts. She said that a lot of times, patients’ bills are high not only because of the P.P.E. outfits that are required to be worn by the medical staff but also because many of the patients […]
Written on April 27, 2022 | Posted in
Economy,
Health |
Comments Off on Payment Plans Possible from Patients with Outstanding Bills
One industry that is expected to be impacted by the legalization of marijuana is tourism. Hundreds of thousands of tourist visit the country annually and are exposed to the drug. Local businesses in major tourist destinations are concerned about the impact. So what is the Belize Tourism Board’s view on the impact that the legislation […]
Written on April 26, 2022 | Posted in
Economy,
Featured,
Law,
People & Places |
Comments Off on B.T.B. Reviewing Implication of Marijuana Legislation on Tourism Industry
The cost of goods has gone up considerably, due to various factors and we’ve been reporting on some of those cases. But recently, there was a circular proposing an increase in the cost of bread. News Five has confirmed that at some stores across the city and elsewhere, the cost of a sixteen-ounce pack of […]
Written on April 26, 2022 | Posted in
Economy,
Featured,
People & Places |
Comments Off on Increase in Cost of Bread is Illegal
Today, the Minister of Education Francis Fonseca, one of government’s lead negotiators when dealing with the Joint Unions Negotiating Team, reconfirmed that come July first, public officers and teachers who suffered a ten percent salary cut last year, will see their salaries returned. But there are other discussions on the table. Francis Fonseca, Minister […]
Written on April 26, 2022 | Posted in
Economy,
Featured,
People & Places |
Comments Off on Reconfirmed: 10% to be returned to Teachers & Public Officers
The tourism industry has been rebounding in the past few months, and over the Easter weekend, the number of flights touching down at the P.G.I.A. and the tourists across the country are telltale signs of a booming industry. But while figures for the first quarter are up, Tourism Director Evan Tillett says that the numbers […]
Written on April 25, 2022 | Posted in
Economy,
People & Places |
Comments Off on Tourism Numbers Up to 75% of 2019 Figures
So what’s the strategy to get those numbers up? Director Evan Tillett breaks down how that’s going to look. Evan Tillett, Director of Tourism, B.T.B. “One of the things that we did was to focus on all the destinations or source markets that we have direct flights into the country. One of the key […]
Written on April 25, 2022 | Posted in
Economy,
People & Places |
Comments Off on A Strategic Plan to Get Tourism Numbers Up
A delegation from Belize left the country to meet with cruise line representatives to further develop the cruise tourism industry in Belize. The cruise sector is said to have been the hardest hit, in terms of tourism. While speaking about increasing calls to port in Belize, Tourism Director Evan Tillett was also asked about those […]
Written on April 25, 2022 | Posted in
Economy,
People & Places |
Comments Off on Tourism Director Speaks on Calls to Port and Cruise Ports
This morning a group of women from various backgrounds in business, government, and the education sector, came together to take part in a workshop on empowering themselves through financial inclusion. Since 2010, more than fifty-five countries have made commitments to financial inclusion, and more than sixty have either launched or are developing a national strategy. […]
Written on April 22, 2022 | Posted in
Economy,
People & Places,
Social Issues |
Comments Off on Enhancing the Economic Empowerment of Women through Financial Inclusion
Recently, representatives from Belize and Quintana Roo, Mexico engaged in a three-day Investment Exchange Program. The aim was to create economic opportunities for both countries and assist Mexico with tapping into the CARICOM market. The exchange is a follow up to a summit that took place in Cancun. Ishmael Quiroz, Executive Director, Economic Development […]
Written on April 13, 2022 | Posted in
Agriculture,
Economy,
People & Places,
Regional / International |
Comments Off on Creating Investment Opportunities for Belize
As we reported earlier this week, bus fares from district to district will be increased by a dollar maximum, if you are going further than twenty-five miles and take a bus that is heading directly to your destination. But if you need to catch two different buses to take you to where you’re going, the […]
Written on April 13, 2022 | Posted in
Economy,
Travel |
Comments Off on Bus Fares Increase, but Bus Upgrades Also Coming
Many people will be flocking the fish markets to purchase their fish for Good Friday, but how much will the fish cost this year? News Five’s Marion Ali went looking and checked in with a food vendor for options on ways to prepare your family’s Good Friday fish. Here’s her report. Marion Ali, Reporting […]
Written on April 13, 2022 | Posted in
Economy,
Miscellaneous,
People & Places |
Comments Off on How Will You Make Your Fish This Easter?
If you are planning to travel by bus this Easter, you better bring along a little extra cash. New rates go into effect this weekend, the result of negotiations between the bus industry and the government that were sparked by rising fuel costs. Marion Ali spoke with Minister of Transport, Rodwell Ferguson today. Marion […]
Written on April 12, 2022 | Posted in
Economy,
People & Places,
Travel |
Comments Off on Brace for Bus Fare Increase, Effective Good Friday
The Ministry of Human Development, Families and Indigenous People’s Affairs received a budget ceiling of roughly twenty four million dollars in the 2022-2023 budget. And while it may seem a sizable amount, fifteen million of it will be going towards paying salaries, travel and subsidies, utilities, and other operational costs. Approximately eight million dollars will […]
Written on April 8, 2022 | Posted in
Economy,
People & Places,
Social Issues |
Comments Off on More Funds for Ministry of Social Development in New Budget
Bus riders have been waiting for more information on proposed fare increases due to rising gas prices. Well, today, the Ministry of Transport announced that after consultation with key stakeholders, Cabinet approved a blended approach to mitigating the problem. This consists of both a fuel subsidy for bus operators and an increase in bus fares. […]
Written on April 7, 2022 | Posted in
Economy,
Foreign Affairs,
People & Places |
Comments Off on Bus Fares Go Up, But Mitigated by Fuel Subsidies
In this week’s Cabinet meeting, chaired by the Prime Minister John Briceño, fuel relief measures were approved. These include a cap on diesel and regular gasoline pump prices per gallon at thirteen dollars and forty-one cents and thirteen dollars and fifty cents, respectively. This cap will be supported through a fuel price stabilization fund to […]
Written on April 7, 2022 | Posted in
Economy,
Environment,
People & Places,
Politics |
Comments Off on Cabinet Sets Fuel Cap and Subsidies for Buses and Tour Operators
A review of the Supplies Control Unit of the Belize Bureau of Standards over the past three years from February 2020 to February 2022 focused on how the price of basic food items changed. While a significant factor has been the increase in the acquisition cost of fuel, price gouging is thought to be occurring […]
Written on April 7, 2022 | Posted in
Economy,
People & Places |
Comments Off on Prices High Due to Higher Costs, but Some Businesses Gouging As Well
The debate is raging. Should the Briceño Administration move to legalize marijuana be taken to a national referendum? The churches, the opposition and the National Trade Union Congress of Belize also say the matter should be brought before the people for a decision, by way of a referendum. But, the government does not seem to […]
Written on April 6, 2022 | Posted in
Agriculture,
Economy,
Featured |
Comments Off on Pastor Wade and Minister Musa on Opposite Ends of Cannabis Bill Debate
Belizean motorists are being saddled with exorbitant fuel prices, and the new extra parking fees in Belize City seem to be adding to that stress. While the Indian community has opted to wait for the results of a public meeting on Thursday to air their views on the parking meters on Albert Street, business owners […]
Written on April 6, 2022 | Posted in
Economy,
Environment |
Comments Off on Business Owners Say Parking Meters are Causing Hell on Entertainment Strip
