According to the Statistical Institute of Belize, prices for household goods and services in September remained much the same as last year except for a minimal point one percent decrease. The S.I.B. notes that higher prices for various food items as well as tertiary education were offset by lower prices for fuel, home rental costs […]
New prices for premium gasoline and diesel take effect at midnight. Premium gasoline will increase by thirty-eight cents and goes up ten dollars ninety-seven cents per gallon. Diesel will go up by eight cents to ten dollars and nine cents. Consumers will be sparred as it relates to regular gasoline which will decrease by twenty-two […]
In June, a Taiwanese delegation came to Belize to look into investment opportunities in the Tourism industry. Today, the Government, through the Ministry of Investment, Trade and Commerce, along with BELTRAIDE, and in partnership with the Ministry of Agriculture, kicked off a second investment mission, this time for the agriculture sector. A ten-member investor team […]
C.E.O. in the Ministry of Agriculture Jose Alpuche also weighed in on the trade mission. Alpuche told the press that apart from attracting new investments and opening new markets, this kind of mission can attract new technologies and practices. At the end of the mission, BELTRAIDE will be holding a review session to get feedback […]
The cost per gallon of kerosene goes up by five cents at midnight, to seven dollars and forty-two cents. The nominal increase reflects the current demand and supply conditions of crude oil on the international market, as well as fluctuations in the cost of purchasing refined fuel products. Prices for premium and regular gasoline and […]
The latest IMF report, though in preliminary stages, says that while economic recovery is underway, the pace is slowing. It reports heightened spending on wages and public investment and weaker revenue than expected, putting the 2019 budget’s target at risk. As to the macroeconomic outlook; the news is bleak. Elevated public debt is as high […]
A meeting between Prime Minister Dean Barrow and representatives for Belize Western Energy Limited, Gas Tomza, and Southern Choice Butane (Zeta Gas) took place today in Belize City. The meeting lasted for more than an hour and the discussion revolved around the National Gas Company. In August, the government passed the National Liquefied Petroleum Gas […]
The three current importers of LPG are encouraged to bid for the bulk supply to the terminal. Speaking on behalf of the companies was Ernesto Uh of Zeta Gas. According to Uh, the meeting was amicable and he sees a favorable response from the government in terms of the bids that would be put forth […]
The Prime Minister and representatives of the three current butane importing companies have scheduled another meeting though the time and venue has not been agreed upon. According to Uh, concerns by the companies will be further discussed however PM Barrow reiterated that there is no reversal of the National Gas Company and its mandate. […]
The prices for regular gasoline and diesel will be going up at midnight at gas pumps across the country. Regular gasoline will go up by thirty-four cents and consumers will now be paying ten dollars and twenty-seven cents per gallon. In the case of diesel, the gallon will be going up by fourteen cents and […]
On Tuesday, a district court in the United States released details of the twenty-three million dollar settlement that the Barrow Administration, along with liquidator Julian Murillo and F.T.C. officials, to have charges brought against Atlantic International Bank limited forfeited. The bank is accused of facilitating the Sanctuary Belize scam that promised more than a thousand […]
Independence Day ceremonies are traditionally addressed by the Prime Minister and the Leader of the Opposition. As they have in the past, Prime Minister Dean Barrow and P.U.P. Leader, John Briceño, have different takes on the state of the nation. This year, the P.M. lauded the economic performance and low unemployment; Briceño committed to lowering […]
A U.S. news outlet has published a list of countries considered vulnerable to professional scammers and Belize made the list. The article, published by WKZO FM in Michigan says that a number of a number of developing countries are struggling with big current account deficits and short-term financing needs, making them vulnerable to the kind […]
A four-year plan on financial inclusion for the country was launched earlier this week with support from the World Bank Group. The plan defines and identifies opportunities so that persons and businesses can have access to the tools to achieve financial stability and so reduce poverty. According to data available, more than sixty percent of […]
There is a change in fuel prices and this time the costs are seeing a dip as of Wednesday. Premium gasoline sees the biggest decrease of forty-seven cents from eleven dollars thirty-one cents to ten dollars eight-four cents per gallon. Regular gasoline sees a drop of nineteen cents from ten dollars twelve cents to nine […]
Caporaso and Partners Law Office in Panama says that Belize’s offshore banking system is dead. The law firm which specializes in offshore banking says that the recent closure of two offshore banks, Choice Bank and Atlantic International Bank Limited, has proven fatal for the country. Choice Bank folded after irregularities were identified by the Central […]
Private sector businesses are about to face challenges accessing foreign exchange. According to the President of the Belize Chamber of Commerce and Industry, Nikita Usher, the news that Scotia Bank Limited is pulling out of Belize and the wider Caribbean and selling its accounts to another bank is cause for concern. According to Usher, the […]
The government approved an eleven-million-dollar municipal paper for the Belize City Council in August, today, CitCo and Heritage Bank Limited officially signed an agreement for the floating of the bond. With the bank as the fiscal agent, it gives investors, mainly corporate citizens, additional security on their investment in municipal bonds. The monies invested will […]
Belize City Mayor Bernard Wagner says that the bond will be officially launched with its prospectus by the end of September. But will the bond reflect increased pressures on the city’s taxpayers? Steve Duncan of Heritage Bank says that there is a mechanism in place to keep the council compliant. In addition to that, Mayor […]
More than one hundred and fifty businesses participated in the two-day Expo Marketplace hosted by the Belize Chamber of Commerce at the Marion Jones Sporting Complex. The event is the largest business expo, where merchants and local entrepreneurs showcase their goods and services. For many upcoming entrepreneurs, it was the ideal platform to effectively measure […]
Two organizations got a boost of ten thousand dollars each to advance the range of programmes they offer to the public. The Young Women’s Christian Association will be using the funds in the upgrade of its kitchen while Haven House will spend the contribution to bolster their work with women and children. The money was […]
One of the most ambitious projects that B.T.L. has undertaken to date is the roll-out of fiber at residences throughout the country. The project started in 2017 and did not come cheap. B.T.L. invested in the range of ninety-three million dollars to provide high speed broadband to houses across Belize. Tesecum says the investment is […]
The government received much backlash after the Barrow Administration, during a sitting of the House of Representatives, tabled a motion through which a forty thousand dollars loan owed by Joshua Perdomo was written-off. Joshua is the son of Cabinet Secretary Carlos Perdomo. The younger Perdomo was granted study leave to pursue a Master’s Degree in Forensic […]
While Castro attempted to end the interview, the media pressed on the issue and challenged him on some facts including that he was part of the House Committee which reviewed the matter and voted in favour of the write-off. Reporter “This particular one was under a UDP administration.” Edmond Castro, U.D.P. Minister “Yes […]
The dangerous level of contamination of the New River is taking a toll in many sectors. Students from La Inmaculada School have had to be sent home because of the gases that have been creating a stench at the river. Business owners along the New River are feeling the pinch in their pockets. The New […]
