Home » Economy
You are currently browsing entries filed in: Economy
But there’s some good news for drivers because fuel prices at the pump decreased earlier this week. The cost of regular gasoline took the biggest dip, going down fifty-four cents to eleven dollars and thirteen cents. Premium is now selling at eleven dollars and sixty cents, following a thirty-seven cents drop while diesel reduced twenty-one […]
Written on June 3, 2011 | Posted in
Economy |
1 comment
The results of the 2011 Primary School Examinations were released late this evening. It’s a nineteen page document and we’ll have the details on Monday, but a quick perusal shows that the top student is Aliyah Marin of Holy Redeemer Primary School in Belize City. The student with the second highest score is Josette McGann […]
Written on June 3, 2011 | Posted in
Economy |
Comments
The Toledo Cacao Festival took place over the weekend in southern Belize, the home of the organic cacao and of the prized Belizean chocolate. The festival attracted throngs of both tourists and Belizeans lured by the delights of chocolate as well as by the many ways to transform the cacao bean into delectable treats. Toledo […]
Written on May 24, 2011 | Posted in
Agriculture,
Economy,
Featured |
Comments
You’ve heard about road rage, well there is a conflict on the highways today that has bus operators blistering for fair play and accountability. It seems that the rules of engagement have changed once again for bus operators of the north who feel that they are being hustled out of their routes, which means less […]
While bus operators are upset about the zoning that will affect them in the west and north, at the eye of the storm is Sergio Chuc, a Cayo businessman. Chuc was given the road permit under his company West Line Bus Company Limited which will be operating the morning runs from Belize City to Benque […]
Written on May 19, 2011 | Posted in
Economy,
Featured,
Miscellaneous |
Comments
The imposition of a new tax is normally met with opposition, especially at a time when most people are finding it hard to make ends meet. So when news spread that the City Council was about to slap a tax on taxi operators, that was met with rejection. Most wondered if the price of public […]
A forty-seven million dollar agreement was signed between the government and CISCO Construction Limited on February twenty-eighth for the paving of twenty-three miles of the Southern Highway, leading to the Guatemalan border. Funds for that project are expected to be provided through a loan from the Kuwait Fund for Arab Economic Development, the OPEC Fund […]
Written on May 16, 2011 | Posted in
Economy |
Comments
As we reported last week, though produced locally, sugar has become a scarce commodity on grocery store shelves across the country. However, the two weeks shortage cannot be attributed to a lack of production by Belize Sugar Industries Limited. Instead, the Tower Hill factory has stepped up production considerably, churning out an additional thousand tons […]
Written on May 16, 2011 | Posted in
Economy,
Miscellaneous |
Comments
There is a reported shortage of locally produced sugar. The Belize Sugar Industries is producing twelve thousand tons for local consumption, that’s one thousand tons more than it did last crop. The shortage is not caused because the nation’s appetite for sugar has increased; it’s because the primary concession holders are not supplying the local […]
Written on May 13, 2011 | Posted in
Economy,
Featured,
Miscellaneous |
Comments
But there’s some positive news; consumers can look forward to some relief at the gas pump, because fuel prices took a dip at midnight on Sunday. Premium went down by sixteen cents, bringing the price back below the twelve dollar mark at eleven-ninety-seven. Diesel had an even bigger decrease of sixty-eight cents and is now […]
Written on May 9, 2011 | Posted in
Economy,
Miscellaneous |
Comments
Up north, Sugar production at Tower Hill came to a grinding halt in mid-February. The shutdown came when a pair of turbines at the BELCOGEN plant was rendered inoperable. The faulty machinery was subsequently sent to Guatemala for urgent repairs and six weeks later the Belize Sugar Industries factory was back in business. But tonight […]
This Good Friday, fish will be the preferred dish on many tables among Catholic families. It is a tradition that is related to the day when Catholics typically abstain from meat. Fish was once affordable, but when we made our rounds this morning, it is prohibitively high. In fact, the pound of fish at Conch […]
Written on April 21, 2011 | Posted in
Economy,
Featured,
Miscellaneous |
Comments
With the economic crunch bearing down hard and many businesses folding, chances are that landing a job may be more difficult than ever. Earlier today unemployed and unskilled residents of the Southside completed a training course that will provide them an opportunity to earn an honest living. For the past three days, the Ministry of […]
Written on April 15, 2011 | Posted in
Economy,
People & Places |
Comments
A mere ten days ago on April third, the prices of fuel hit the roofs. And if you felt the pain in your wallet, well, we can tell you that the new prices will be even more merciless. Another fuel hike is in the works at midnight tonight which will put the price of premium […]
Written on April 12, 2011 | Posted in
Economy,
Featured,
Miscellaneous |
Comments
The price of fuel is consistently erratic. The pump prices have been anything but stable and last week Thursday’s changes were not the last. Sunday night the prices changed once again. While diesel remains the same at a whopping ten dollars and forty two cents a gallon, premium and regular are far from being acceptable. […]
Written on April 4, 2011 | Posted in
Economy |
Comments
Motorists are experiencing slight gas relief at the pumps this weekend after several consecutive price hikes over the past three months. The cost per gallon of premium and regular gasoline was negligibly reduced at midnight on Thursday by eleven cents, putting the new prices at eleven-forty and eleven-thirteen respectively. Diesel has seen a six cent […]
Written on April 1, 2011 | Posted in
Economy,
Featured,
Miscellaneous |
Comments
The cost of fuel, which is directly linked to the spiraling world market prices, was also discussed by the Opposition Party. John Briceño reminded the Prime Minister about his no new taxes promise, but pointed out that there is a large increase in the price of fuel at the pump, particularly Premium gas which has […]
Written on March 24, 2011 | Posted in
Economy,
Featured,
Miscellaneous,
Politics |
Comments
Debate on the budget 2011-2012 starts this Thursday and you can expect fiery opposition from one side of the house. One issue that is surely to get its share of attention has to with the removal of GST on gasoline and diesel and its replacement with an increase in import duties. That measure was announced […]
Written on March 23, 2011 | Posted in
Economy,
Featured,
Miscellaneous |
Comments
Most Belizeans have at some time tasted the juicy HL’s burgers. The local burgers have been around for more than three decades and became a staple of Belizean fast-food. But all that’s coming to an end because the famous burger franchise is closing down; a victim of the economic hard times. Many are being left […]
Written on March 22, 2011 | Posted in
Economy,
People & Places |
Comments
It was a particularly bloody weekend, but before we get into the carnage, there’s more bad news that will put a licking on drivers and consumers. So if your tank is empty or half full, you’ll want to fill up before midnight because fuel prices will take a huge jump. At the presentation of the […]
Written on March 21, 2011 | Posted in
Economy,
Featured,
Miscellaneous |
Comments
The 2011-2012 Budget was presented in the House of Representatives this morning. It is called Celebrating Growth, Sustaining Recovery and is to come online on April first. Before we get into the full figures, there’s a projected deficit, an increase in recurrent expenditure due to the wage bill and a slight increase in revenue and […]
Written on March 11, 2011 | Posted in
Economy,
Featured,
Miscellaneous |
Comments
Even though construction, manufacturing and fishing are not up to target and shrimp production has not shown signs of recovery, in the new budget, government is projecting a three percent growth in GDP. According to the prime minister, the growth will be reflected in electricity generation, retail trade, tourism services, transportation and agricultural production as […]
Written on March 11, 2011 | Posted in
Economy,
Featured,
Miscellaneous |
Comments
As we reported last week, the Tower Hill factory has resumed grinding operations after a delay caused by faulty turbines. News Five’s Marion Ali headed north and got the reaction from the cane farmers on how the crop will fare off the season. Marion Ali, Reporting Barely any steam spews from the huge chimney at […]
Written on March 8, 2011 | Posted in
Economy,
People & Places |
1 comment
The City council met today behind closed doors and when that meeting was over, councilor Dean Samuels was elevated to Deputy Mayor for one year to succeed Councilor Philip Willoughby, whose stint as deputy will be remembered more for what he said than what he did. Samuels, an ally of Mayor Zenaida Moya-Flowers, is expected […]
Written on March 1, 2011 | Posted in
Economy,
Featured,
Miscellaneous |
Comments
The price of fuel has shot up so high that some drivers have parked their private vehicles and started to commute on buses. The days of paying five or even seven dollars per gallon are but a distant memory, and premium is now selling for ten dollars and fifty cents per gallon. Prices are expected […]
Written on February 24, 2011 | Posted in
Economy,
Miscellaneous |
Comments