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CitCo has been busy over the past two years paying outstanding bills which it says were left behind by the previous administration. While it has been able to steer City Hall out of the red, is it enough to convince residents of Belize City that it is keeping its word on improving their quality of […]
Written on March 11, 2020 | Posted in
Economy |
Comments Off on Mayor Wagner: “We have touched more lives than that council did with forty million”
At midnight, the price for premium gasoline will go up by fifty-two cents to retail at ten dollars and ninety-two cents per gallon. The relief to consumers comes in a sixty cent decrease in the price of diesel, which goes down to nine dollars and twenty-four cents per gallon at the pumps. The prices for […]
Written on March 11, 2020 | Posted in
Economy |
Comments Off on Price Changes for Premium and Diesel
Enterprising residents along the banks of the Belize River look forward for the annual Belikin La Ruta Maya River Challenge to generate income. From the sale of jewellery and food to parking fees; these create opportunities for communities as the canoe paddlers make their way from the Hawkesworth Bridge to the end of the race […]
Written on March 11, 2020 | Posted in
Art & Culture,
Economy,
Miscellaneous,
People & Places |
Comments Off on La Ruta Maya – Rich in Culture & an Income Booster for Communities
Prime Minister Dean Barrow proceeded to deliver his final budget estimates on Thursday, but the Opposition side of the aisle was empty, as the area representatives had vacated the chambers before the presentation. The budget is titled “Making Every Dollar Count” and in this an election year, the estimates call for more spending on infrastructure, […]
Written on March 6, 2020 | Posted in
Economy,
Featured,
People & Places,
Politics |
Comments Off on PM Barrow’s Final Budget Speech
At midnight, the pump prices for regular gasoline will go up by fifty cents per gallon, which means that it will now sell at ten dollars and twenty-three cents per gallon. The price for premium gasoline will remain at ten dollars and forty cents, kerosene at six dollars and sixty-two cents and diesel at nine […]
Written on March 6, 2020 | Posted in
Economy |
Comments Off on Regular Gas Goes Up at the Pumps
There is a list in circulation from the Social Security Board naming at least forty-three businesses that are in arrears to the S.S.B. the thousands of dollars. The list contains those companies that owe more than five thousand dollars each but the period involved is not ascertained. When combined the forty-three businesses who have not […]
Written on March 2, 2020 | Posted in
Economy |
Comments Off on More than $75,000 owed in contributions to the S.S.B.
The Statistical Institute of Belize has presented grim news on the economy which shows that the recession it hard. For the first time in almost a decade, the economy contracted by as much as two point eight percent in the last quarter of the year with nineteen million dollars less in goods and services produced […]
Written on February 26, 2020 | Posted in
Economy,
Featured |
Comments Off on An Economic Downturn in the Last Quarter of 2019
There is a change in the prices of fuel tonight that brings good news for consumers. The price for premium gasoline will go down by fifty-nine cents and will be selling at ten dollars and forty cents. The price for kerosene will decrease by seventy-four cents and now retail at six dollars and sixty-two cents […]
Written on February 25, 2020 | Posted in
Economy,
Featured |
Comments Off on Fuel Prices Dip at the Pumps
At midnight, there will be some relief for consumers as the prices for regular gasoline and kerosene will go down at the pumps. Regular gasoline will decrease by fifty-five cents to sell at nine dollars and seventy three cents per gallon. Kerosene will also go down by forty-one cents and will retail at seven dollars […]
Written on February 4, 2020 | Posted in
Economy,
Featured |
Comments Off on Changes at the Gas Pumps
There was a slight increase in consumer prices in the month of December 2019 when compared to December 2018. The All-Items Consumer Price Index rose slightly by point two percent in the basic basket of selected goods and services. According to the figures from the Statistical Institute of Belize, reductions in prices for fuel, rent […]
Written on January 29, 2020 | Posted in
Economy |
Comments Off on Consumer Price Index for December 2019
The Belize Bank Limited, the country’s oldest banking institution, has been assigned an investment grade rating by the Caribbean Information and Credit Rating Services. CariCRIS is the Caribbean’s leading credit rating agency and is an associate company of the globally-recognized rating agency Standard and Poor’s. The designation is a first for any entity in Belize. […]
Written on January 23, 2020 | Posted in
Economy,
Miscellaneous,
People & Places,
Regional / International |
Comments Off on CariCRIS Assigns Belize Bank “Investment Grade” Rating
The assigned rating augurs well for other local companies wishing to improve their profiles on the regional and international markets. It is in line with some of the more prominent and larger regional banks across the Caribbean and thus provides a platform to attract talent across the region, as well as to assist initiatives to […]
Written on January 23, 2020 | Posted in
Economy,
Miscellaneous,
People & Places,
Regional / International |
Comments Off on What Does Investment Rating Mean for Belize Bank?
There is another jump in the prices of fuel. At midnight, the price per gallon of premium fuel will sell at ten dollars and ninety-nine cents, just under the eleven dollar mark going up by as much as twenty-seven cents. . The price for regular remains at ten dollars twenty-eight cents, diesel at ten dollars […]
Written on January 21, 2020 | Posted in
Economy,
Featured |
Comments Off on Premium Gas Price Goes Up
Still reeling from the Lev Derman scandal, the government is hit by yet another black eye. An audit of the finances of the National Sports Council by the Auditor General is revealing massive fraud involving well-known names. The report outlines serious breaches in government regulations at the N.S.C., where huge amounts of cash were paid […]
Written on January 16, 2020 | Posted in
Economy,
Featured,
Miscellaneous,
People & Places |
Comments Off on Audit Reveals Half a Million Dollars Embezzlement at Sports Council!
Julian Murillo is the new liquidator for Choice Bank Limited. On Wednesday the Central Bank of Belize announced Murillo’s appointment and if the name sounds familiar, that’s because Murillo is the current liquidator for Atlantic International Bank Limited (A.I.B.L.). A Central Bank release states that Murillo will take up the post because the current liquidator […]
Written on January 16, 2020 | Posted in
Economy,
Miscellaneous,
People & Places |
Comments Off on Choice Bank Limited Gets a New Liquidator
Twenty-four hours after the prices for kerosene and diesel went up by twenty-six and twenty three cents per gallon, government today announced another price hike. At midnight the pump price for regular gasoline will spike by twenty-two cents from ten dollars and six cents to retail at ten dollars and twenty-eight cents per gallon. Only […]
Written on January 9, 2020 | Posted in
Economy |
Comments Off on Fuel Prices Go Up Again
Seven days into the start of 2020 consumers are bracing for a significant jump in the prices of fuel as of midnight tonight. And it is expected that further surges in prices will hit consumers as the volatile situation involving Iran continues to play out. So kerosene will increase by twenty-six cents from seven dollars […]
Written on January 7, 2020 | Posted in
Economy,
Featured |
Comments Off on Fuel Prices Go Up!
There is an announcement tonight of a slight decrease in the price of premium gasoline. At midnight, the pump price of the fuel will go down by two cents. At pump stations, it will sell at ten dollars and seventy-two cents per gallon. The prices for regular gasoline, diesel and kerosene will remain the same.
Written on January 2, 2020 | Posted in
Economy |
Comments Off on Premium Gas Goes Down by Two Cents
A total of one hundred and eighty million dollars in goods was imported last month, an increase of nine point two percent from imports in November 2018. Increases were recorded in categories, including food and live animals which rose from seventeen point two million to twenty-three point two million dollars. Merchandise imports for the first […]
Written on December 18, 2019 | Posted in
Economy |
Comments Off on SIB Releases November Stats for Export and Imports
At midnight tonight, consumers will be spending more on three types of fuels. The price for regular gasoline, kerosene and diesel will be going up. Regular gasoline will increase slightly by one cent to ten dollars and six cents per gallon. In the case of kerosene, the increase is sixteen cents which means a gallon […]
Written on December 17, 2019 | Posted in
Economy |
Comments Off on Fuel Prices to go up at midnight
The debate on butane prices continues. As you know, government enacted fixed prices on the commodity on November fifteenth to prevent predatory pricing; the move has triggered further discussions from both sides of the spectrum, those who support and those who do not. Today, a lengthy release was issued by International Energy Resources Ltd. and […]
Written on December 13, 2019 | Posted in
Economy |
Comments Off on International Energy Resources Ltd. and Kuylen’s Gas Service send out press release on LPG
A salary adjustment for members of the Belize Defense Force has been long in the making, bringing up to par the wages of all three arms of the national security apparatus. As it stands, wages for non-commissioned officers are not on the average level of their counterparts in the Belize Police Department and the Belize […]
Written on December 12, 2019 | Posted in
Economy,
Featured |
Comments Off on BDF Salaries to be Adjusted, Despite Delays
While some officers benefited from the initial payout resulting from the salary adjustment, many of them were overpaid and government is now seeking to recover the extras. Isani Cayetano “I understand, however, that there are some officers who had received some monies in line with this particular adjustment and that they are being asked […]
Written on December 12, 2019 | Posted in
Economy,
Featured |
Comments Off on GOB Seeking to Recover Excess Monies Paid to BDF Soldiers
News of an economic downturn caused tremors in the private sector today. Despite government borrowing and spending, for the second and third quarter of the year, there has been a decline in economic activity which spells recession. It also signals that unemployment figures which in the first part of the year looked robust will also […]
Written on December 11, 2019 | Posted in
Economy,
Featured |
Comments Off on Is Belize in the Throes of a Recession?
As we reported, a contraction in economic activity in the previous two quarters is spelling bad news. As the private sector crunches the numbers, a News Five crew took to the streets to get a pulse of the people on the ground. From what we were able to gather, residents are feeling the pinch where […]
Written on December 11, 2019 | Posted in
Economy,
Featured |
Comments Off on Residents Say They Are Feeling the Pinch in their Pockets
