Home » Economy Featured Miscellaneous People & Places
You are currently browsing entries filed in: Economy Featured Miscellaneous People & Places
In a letter sent to the President of the P.S.U. by Financial Secretary, Joseph Waight, the union is told that if it continues to reject the proposal, the prime minister will use the power of his office. Waight says that the PM will proceed to advise the Governor General to amend the Public Service Regulations […]
Written on May 11, 2020 | Posted in
Economy,
Featured,
Miscellaneous,
People & Places |
Comments Off on P.S.U., B.N.T.U. to Meet with PM
According to the Prime Minister, the ministers will be giving up fifty percent of their entertainment allowance, which is a monthly sum they receive to host international guests as well as their thousand-dollar telephone monthly allowance. But do ministers actually spend a thousand dollars on telephone every month? We asked the union leaders today. […]
Written on May 11, 2020 | Posted in
Economy,
Miscellaneous,
People & Places |
Comments Off on Ministers Giving Up $1K Phone Allowance, 50% of Entertainment Allowance
Belize’s economy, knocked down by the debilitating fiscal impact of COVID-19, is on its knees and will take a lot from the public and private sectors to get it standing firmly once the threat of the coronavirus has subsided. In painting a grim picture of the country’s financial affairs, Prime Minister Dean Barrow laid out […]
Written on May 8, 2020 | Posted in
Economy,
Featured |
Comments Off on Belize’s Economy is On the Ropes and Stiffer Punches Keep Landing
Since the beginning of the week, there has been an ease on restrictions of the state of emergency and the businesses are reopening except for places such as casinos, gyms and restaurants. Briceño, a businessman himself, sees the need to spur economic activity, but says it has to be measured to prevent the re-emergence of […]
Written on May 8, 2020 | Posted in
Economy,
Featured,
Miscellaneous,
People & Places,
Politics |
Comments Off on Johnny B Says Reopen the Economy, but Be Very Careful
Back to the issue of the public service. In this morning’s press conference, Prime Minister Barrow pledged that he will borrow until the very last to ensure that their substantial salaries are met and committed that there will not be retrenchment. Today, Opposition Leader John Briceño also responded to that proposition by referring to political […]
Written on May 8, 2020 | Posted in
Economy |
Comments Off on Barrow to Borrow to the Very Last for Salaries
Government is out of cash in the treasury and debt will continue to grow as government looks to borrow and borrow to meet its wage bill and other obligations. Briceño, in a one-on-one interview with News Five, asserts that for twelve years the government has mismanaged the country and its finance and now a heavy […]
Written on May 8, 2020 | Posted in
Economy,
Miscellaneous,
People & Places,
Politics |
Comments Off on John Briceño: “The U.D.P. Government is Broke…Belizeans Paying a Heavy Price.”
There is an impasse tonight between the Public Service Union and the Government. The matter has been brewing for some weeks, but the union remains firmly rooted in its position not to waive or defer increments for its members without first sitting with Financial Secretary Joseph Waight to go over areas where the Ministry of […]
Written on May 7, 2020 | Posted in
Economy,
Featured,
Miscellaneous,
People & Places |
Comments Off on P.S.U. Holds Firm on Increments Despite FinSec’s Threat
The government, notwithstanding the COVID-19 crisis, has been struggling to meet its monthly wage bill for public officers and has proposed measures that would accrue three to five percent of current expenditures. Three weeks into the economic shutdown and the Ministry of Finance was already buckling under the weight of meeting payroll. According to Flowers, […]
Written on May 7, 2020 | Posted in
Economy,
Featured,
Miscellaneous,
People & Places |
Comments Off on P.S.U. – “Five Weeks into COVID it was Almost a Nightmare.”
A legal battle, says Vice President Flowers, is imminent should the prime minister proceed to amend the Public Service Regulations, since he does not have the authority under the existing laws to make individual decisions where that is concerned. According to the P.S.U. executive, PM Barrow is not headstrong enough to make a move without […]
Written on May 7, 2020 | Posted in
Economy,
Featured,
Miscellaneous,
People & Places |
Comments Off on P.S.U. & B.N.T.U. Meeting Tonight Before Responding to FinSec
Also in the west, ten persons have been fired from the San Ignacio/San Elena Town Council. Municipal governments across the country are having trouble meeting their monthly expenses and have had to take cost saving measures. Over the past few months, councils have lost millions of dollars in revenue since the State of Emergency regulations […]
Written on May 6, 2020 | Posted in
Economy,
Miscellaneous,
People & Places |
Comments Off on San Ignacio/San Elena Town Council Fires Ten Employees
Since last week, some restrictions have been eased on the countrywide state of emergency and many businesses, including services provided by the municipal government, have resumed operation. Town and city councils have been closed for almost six weeks and the revenue stream became a slow trickle. Today, we asked Belize City Mayor Bernard Wagner, about […]
Written on May 6, 2020 | Posted in
Economy,
Miscellaneous,
People & Places |
Comments Off on Mayor Bernard Wagner Cautiously Optimistic About Revenue Stream
Now, before COVID 19, on a monthly basis, the council collected about three hundred thousand dollars from the head tax received from the tourism industry. But that too disappeared when the industry when into a standstill contributing to the council’s financial crunch. We asked the mayor if the council is able to meet its commitment […]
Written on May 6, 2020 | Posted in
Economy,
Miscellaneous,
People & Places |
Comments Off on Will CitCo Be Able to Make Commitment to Municipal Bondholders
The number of persons who lost their jobs due to COVID-19 is in the thousands, though the exact number is still out there. For sure, close to eighty-three thousand applied for COVID-19 Unemployment Relief. The Oversight Committee of the Unemployment Relief has approved about forty-five percent of the applicants to date. Here is an update […]
Written on May 6, 2020 | Posted in
Economy,
Miscellaneous,
People & Places |
Comments Off on More Applications are Approved and Accepted for Unemployment Relief
Earlier you heard the San Ignacio Mayor saying he was cutting down expenditures by reducing staff due to the financial crunch. At City Hall, except for sanitation workers, staff was sent home with half salary. Even as things begin to pick up at the council, Mayor Bernard Wagner says that they are still operating with […]
Written on May 6, 2020 | Posted in
Economy,
People & Places |
Comments Off on Belize City Council Working on Skeleton Staff, Reduced Salaries
This morning, there was far more movement in the city and around the country as almost all businesses are now open and so did government offices and statutory boards. But there is still a curfew in place, from eight p.m. to five a.m. and eight p.m. to six p.m. for minors. But under the new […]
Written on May 4, 2020 | Posted in
Economy,
Featured,
Miscellaneous,
People & Places |
Comments Off on The Reopening of the Economy; Business Not as Usual
The pump price for diesel will finally go down tonight, but the decrease is not such a big one. At midnight, diesel drops by thirty-six cents to sell at seven dollars eighty-nine cents per gallon. But don’t expect other decreases because the prices for premium, regular gasoline and kerosene will remain unchanged at ten dollars […]
Written on May 4, 2020 | Posted in
Economy |
Comments Off on Diesel Price Goes Down at the Pumps
As there is a softening of the regulations and the economy is beginning to crank up, town and city councils countrywide are trying to figure out how to keep financially stable. In Orange Walk, Mayor Kevin Bernard did not fire any of the council’s employees, but says that while businesses reopen, the council will remain […]
Written on May 4, 2020 | Posted in
Economy,
Miscellaneous,
People & Places |
Comments Off on The Struggles of Town Councils Amid COVID-19
A new statutory instrument to introduce another sixty-day state of emergency comes into effect on Friday. Since May first is a public and bank holiday in observance of Labor Day, the private sector, those businesses that have been forced to shut down their operations, will not resume until Saturday. This morning, the PM outlined a […]
Written on April 30, 2020 | Posted in
Economy,
Featured,
Miscellaneous,
People & Places |
Comments Off on Work Resumes After Labor Day
Help is slow to come for thousands of Belizeans who continue to wait for unemployment assistance through the Government of Belize. More eight thousand persons applied but the process has proven to be tedious; one that sees a number of checks and balances, as well as errors being recorded during the application process. Earlier this […]
Written on April 30, 2020 | Posted in
Economy |
Comments Off on Unemployment is Slow to Come By
Now that there will be a relaxation of certain measures of the state of emergency, municipal governments are looking towards an improvement in revenue streams. Since April first, most departments closed and revenues dried up to less than ten percent. Earlier this week, traffic department services opened and it is expected that with the ease […]
Written on April 30, 2020 | Posted in
Economy,
Miscellaneous,
People & Places |
Comments Off on CitCo Anticipates that Revenue Stream Will Pick Up
A few days ago, we heard the cry from the Prime Minister that government is low on money and as you know, the public service, which accounts for one of government highest bills, has experienced delays in salaries. Today, the Financial Secretary Joseph Waight issued a memo on government’s cost savings measures at this time […]
Written on April 29, 2020 | Posted in
Economy |
Comments Off on A Breakdown of G.O.B.’s Cost-Saving Measures
Women leaders across the globe have shown to be the most responsive in battling the COVID-19 pandemic in countries such as New Zealand, Belgium and Finland. They have acted proactively in the decision making process and are better prepared in respect of medical gear for health workers and the population. Today, the CNN’s Christian Amanpour […]
Written on April 29, 2020 | Posted in
Economy,
People & Places,
Regional / International |
Comments Off on Business and the Economy in the Caribbean Amid the COVID Pandemic
Even as the Unemployment Relief Fund has closed to new applications, hundreds of affected Belizeans are still lining up hoping the get assistance. On Monday morning in Corozal Town, the line to the Social Security Board on Seventh Avenue was snaking for about a mile as men and women waited under very hot temperatures to […]
Written on April 28, 2020 | Posted in
Economy,
Featured |
Comments Off on Corozal Severely Affected by COVID-19; Resident Line Up for Assistance at S.S.B. Office
Globally, COVID-19 is having an impact on life as well on the business environment in significant ways. The Bowen and Bowen group has a workforce of over one thousand two hundred employees and is one of the largest employers in the production of alcoholic and non-alcoholic beverages. The virus does not discriminate and has been […]
Written on April 28, 2020 | Posted in
Economy,
Miscellaneous,
People & Places |
Comments Off on The Impact of COVID-19 on Bowen & Bowen Ltd. and Companies
The economic picture for Belize remains grim and dismal, due to the new coronavirus crisis. Government’s revenue is falling by almost half a billion dollars as a result of the recent economic meltdown caused by the state of emergency imposed at the beginning of April. While several offices, including the Ministry of Natural Resources and […]
Written on April 27, 2020 | Posted in
Economy,
Featured,
People & Places,
Politics |
Comments Off on Will Teachers and Public Officers’ Salaries Be Cut?