As we have reported, the Social Security Board is required by government to invest fifty million dollars of pension funds in Telemedia. According to the PM, the prospectus will be released on October fifteenth. The full SSB is yet to meet to decide on whether or not the investment is prudent but the clock is […]
Expo 2010 was held on the eighteenth and nineteenth of September. The public visited the event and walked away with deals. Today it was the winners of the best over-all booths determined by text voting who got the recognition of the Chamber of Commerce. News Five’s Delahnie Bain reports. Delahnie Bain, Reporting The new location […]
Former Foreign Minister Godfrey Smith came under heat today from the Government of Belize. In a press release earlier today Smith was criticized and condemned for a letter he wrote on September seventeenth to Richard Fraser of Digicel in Jamaica, discouraging him from considering any investment in Belize Telemedia. The government press release says that […]
If you’re heading out to buy butane, you’ll need an extra two bucks because the prices have increased as of Monday. That puts the price in Belize City and Corozal at one hundred and twelve dollars. In Orange Walk, the cooking gas is being sold for a hundred and thirteen dollars while in Belmopan and […]
Dean Boyce, the former Chair of BTL’s Executive Committee, was singled out by the Prime Minister. But when we spoke to Boyce this evening, he categorically denied that during his tenure, Telemedia was engaged in wire tapping. Dean Boyce, Former Chairman, Exec. Com., BTL “Whilst at BTL, that was 2005 thru to 2009 there was […]
Classes have been called off for Friday at schools around the country in light of the imminent threat from Tropical Storm Mathew. We have detailed reports on the storm, but first we go to another development. Prime Minister Dean Barrow announced on Independence Day that the prospectus for the sale of shares for Belize Telemedia […]
On Independence Day, Prime Minister Barrow, gave a glowing report on the state of the economy which was contrary to the view of the Leader of the Opposition, John Briceño. According to the Prime Minister in the same Independence Day speech, Belize is poised to immediately begin the exportation of cattle to Mexico. Dean Barrow […]
The troubles in the cruise ship industry are still not over. A few weeks ago the caldron boiled over following the signing of what has been described as a controversial agreement between Carnival and Chukka/Bak-A-Bush Adventures. The Federation of Cruise Tourism Associations of Belize led the charge against the agreement and the impact of the […]
Prime Minister Dean Barrow was expected to announce on Independence Day that the Social Security Board would be purchasing shares in Belize Telemedia. That didn’t happen because at an eleventh hour meeting of the SSB investment committee on Monday, the proposal ran into trouble. Two of the committee members reportedly voted against, the two government […]
It has been a hotbed of tempers lately and today was no different; Marion Ali visited the Queen Square market area and found out what makes it so heated. Marion Ali, Reporting The sun was not the only thing giving off heat this morning on East Collet Canal, as vendors who sell their produce on […]
During the exchange this morning Councilor Singh invited the vendors to meet with him at the Commercial Centre this afternoon. That meeting did happen and he later informed the media of plans to revisit the issue with an eye to find a permanent solution. Kevin Singh, Councilor for Markets “They had a list of concerns—mostly […]
There is more trouble brewing at the Belize Sugar Cane Farmers Association. Two months ago, via a Supreme Court order, Brodies confiscated five vehicles belonging to the BSCFA due to an outstanding debt of one hundred thousand dollars. The association eventually settled the debt and the vehicles were returned but the matter still did not […]
Turning to news of a financial nature, it is known that Prime Minister Dean Barrow will use the occasion of Independence Day to announce the sale of shares in the government owned B.T.L. which he arbitrarily took over in August 2009. The sale was discussed today at a special meeting of the Social Security. There […]
We’ve felt it in our pockets throughout the year; the May 2010 Consumer Price Index released by The Statistical Institute confirms that the price of goods and services are on the increase, in particular in transportation. The CPI shows an increase of one point eight percent over the same period last year. It is attributed […]
A major investment was launched today in Spanish Lookout; one of the most economically stable communities. Bel-Car has traditionally exported red kidney beans to CARICOM countries and other grains to as far as the Middle East. It is now venturing in the production of corn meal for the export market. News Five’s Jose Sanchez was […]
Consumers got a small relief back on May twenty-third when fuel prices dipped slightly. But today News Five found out that the prices are back on the rise. As of midnight the price of premium gasoline increased to nine dollars and seventy-five cents from nine dollars and sixty-seven. Regular fuel rose from nine dollars and […]
There is dire economic news to report tonight. Sources close to News Five say that the Mena group of companies has been placed into receivership by its bankers. The Fresh Catch Limited Belize, the tilapia farm which opened in 2002, was reportedly unable to remain sustainable and the company was defaulting in loan payments. Fresh […]
It is now known how much, but needed foreign exchange was lost today when the visitors did not make it to shore. Well, a statement by the 2010 Article IV Consultation Mission to Belize issued in Belmopan today contains more bad news. According to the statement from Mario Garza, the Chief of the International Monetary […]
The petroleum oil spill that killed eleven workers and injured seventeen more in the Gulf of Mexico is still causing havoc despite efforts to bring it under control. The Deepwater Horizon sank after an explosion blasted the rig on April twentieth. The oil rig was owned by BP, formerly British Petroleum, which is the planet’s […]
What happened to the Prime Minister’s promise that things would ‘get betta no matta what’? That’s the question that comes to mind when you buy just about everything, including fuel. At midnight on Wednesday, the prices soared well above the ten dollar mark. And in the case of premium, it went up a whopping twenty […]
There is some relief for consumers to report tonight. The price of butane gas went down by four dollars countrywide effective today. In Belize City and in Corozal Town, the price is the lowest at one hundred and thirteen dollars per tank, in Orange Walk, it is retailing at one hundred and fourteen dollars, in […]
A number of business establishments in the city got surprise visits today from the GST Department and the Bureau of Standards. The spot checks were to determine if the businesses were properly implementing the tax increase. News Five’s Jose Sanchez found out who passed the test and got the reaction from customers. Jose Sanchez, Reporting […]
It’s a staple on almost every Belizean dinner table and when the price of rice shot up two years ago from a dollar a pound to around one-thirty-five, some restaurants also jacked up the price of the meals. But lower production costs coupled with fierce competition among producers has compelled a notable decrease in the […]
While the drop in the price of rice is good news, the ripple effect of the two and a half percent increase in General Sales Tax is being felt in just about every sector of the country. The Phillip Goldson International Airport is the latest body that has hiked fees to accommodate the twelve and […]
At the beginning of the month the increase in the General Sales tax kicked in. It went up to twelve and a half percent taking the cost of living even higher. And if that is putting a licking on consumers, fuel prices jumped another notch higher on Tuesday night with diesel up by twenty four […]
