A report earlier this week from the U.S. based financial advisory group Atlanta International, a division of Oppenheimer & Company, is sounding the alarm for investors. Atlanta International is known for their innovative work in securities research on companies from around the world listed on the U.S. stock exchange. The article on Belize titled “Multiple […]
There was another caution about investor confidence in Belize. It is titled “A new kind of debt management” which rose not out of any action taken by government but rather from the lips of Prime Minister Barrow as he gave his Independence Day address in the capital on September twenty-first. News Five asked Ross, what […]
In news on the economy, three weeks ago, Alan Slusher, financial advisor to the Prime Minister and new director of the recently nationalized Belize Telemedia Limited, was interviewed on the Chamber of Commerce’s television show Business Perspectives. In response to Celine Cleland-Gomez’s allegation that the government’s nationalization of Telemedia was hurting investor confidence in Belize, […]
And while the B.D.F. is comfortable with gifts from Uncle Sam, locally the cash flow is also not doing so badly after the big interest payment on the super bond. Only three weeks ago Belize had to pay twenty-three million dollars, bringing the total paid this year to forty-five million. In 2010 payment will increase […]
It opened its doors in January of 2001 under the Glenn Godfrey business group, and nine years after bearing the name the Alliance Bank, the financial institution is changing its name. But perhaps more interestingly, it is changing ownership. That’s right, major shareholders in the bank, Glenn Godfrey and his wife, Joy have divested their […]
Investigations into the murder of Austin Tillett continue: this latest homicide comes at a time when the world is taking stock of crime in the Jewel. In 2008, there were ninety-seven murders countrywide and the internationally recognized, Economist Magazine, has been taking note. The well established magazine publishes what is known as the Pocket World […]
If fuel prices have been taking a toll on your pockets, it is not going to get any better if your vehicle runs on premium gasoline. Premium was the only gas spared in the last price hike on August nineteenth but as of midnight tonight, it will increase by forty-three cents and will now be […]
There are two things that people say are inescapable, that is death and taxes. But some of you would probably add beer to that list. But now with the implementation of the Treaty of Chaguaramas, the tax structure has changed. And that means prices for beer are down. Since August third, the importer of Heineken, […]
You may not have noticed unless you asked, but the price of fuel quietly changed at the pumps on Monday. And the bad news is that it went up and significantly. Regular gas stood at seven dollars and ninety-eight cents per gallon but it has now gone up by a whopping seventy-eight cents to eight […]
There are several issues of interest that have come out of Tuesday’s cabinet meeting. There will be a changing of the command of the Belize National Coast Guard on Friday August fourteenth. And on that same date, a ceremony for the groundbreaking and contract signing for the phase-one reconstruction of the Marion Jones Sporting Complex […]
If you bought butane gas today from the delivery trucks or the depot, you already felt the pinch. But if you haven’t, you should know that government has approved a five dollar hike in the price of a hundred pound cylinder of the cooking gas. The Belize and Corozal Districts have seen an increase from […]
Just when we were hoping that fuel prices would not inch any higher, the news broke today that they are. Late this evening, News Five confirmed that diesel prices will be soaring by fifty-eight cents at midnight tonight hiking the new price to seven dollars and fifteen cents. But there is some comfort that the […]
Briceño did not only criticize the Barrow administration for the poor performance in health, he also berated the P.M. for giving the impression he would adjust the fuel tax once it went over the seven dollar threshold. His criticism takes root with the fact that the government intends to table a bill to lower taxes […]
The Annual General Meeting of the Belize Electricity Limited took place on Monday afternoon. And according to the reports presented, the company is not on a sound financial footing. We aired the comments of Fortis C.E.O., Stan Marshall, that any investment at B.E.L. in the near future was off the radar because of the losses […]
And while it’s swim or sink for B.E.L., cutting its expenses simply won’t do to balance off the ten point eight million dollars in losses suffered. But that’s not the only headache that C.E.O. Lynn Young has to consider. Last night Fortis C.E.O., Stan Marshall said in no uncertain terms that they will not invest […]
The P.U.C. is opposing any rate increases for B.E.L. and it is also holding back on Belize Water Services Limited. Late this evening the P.U.C. issued a news release stating its reasons for not giving the nod to a proposed eight percent rate increase in water rates. According to the P.U.C., eleven out of twelve […]
The delayed A.G.M. of Belize Electricity Limited took place today and as its top executives had previously warned, the hard times have hit home for the local utility company. At it’s A.G.M. today B.E.L. reported to its membership a loss of ten point eight million dollars. And no surprise, the company lays blame directly on […]
And while B.E.L. is facing all kinds of financial problems, its parent company, Fortis, did record a profit – a handsome two point two billion dollars. But it’s money Fortis C.E.O., Stan Marshall says B.E.L. will never see. Stan Marshall, C.E.O., Fortis “We expect every one of our companies to make money. We have many […]
The price of fuel at the pump went up a week ago. This week the price of cooking gas has shot up. According to an official release, acquisition costs have gone up and the government has approved an increase of six dollars across the country for a hundred pound cylinder of butane. In Belize City […]
As we said earlier, that report will be tabled in the House at this Friday’s sitting when the G.O.B. will also amend the Income and Business Tax Act to decrease from fifteen to six percent earnings on licensed gaming, that is in respect of casinos and other gaming such as slot machines. This amendment will […]
Fuel prices at the pump have been steadily rising and they recently reached a new upward mark. On Sunday regular gas rose to eight dollars and one cent, premium rose to eight dollars and sixty-one cents while diesel went up to six dollars and sixty-one cents per gallon. On March sixth the Prime Minister promised […]
You will know by now that a spike in the prices of fuel at the gas pumps was sneaked in on Sunday night. Premium gasoline made the biggest jump by almost a dollar and is now selling at eight dollars and sixty-one cents, above a promised threshold of seven dollars. In the last budget debate, […]
And what does the hike mean for commuters? News Five went to the City’s streets and spoke with one of the groups most affected; taxi drivers. And while for a few operators, the fares to their patrons will remain the same, the general consensus is that the taxi ride will go up—for some, by as […]
If you are heading to the pumps, you will pay an average of sixty-five cents more for fuel. The prices have been steadily rising and tonight, the gallon of regular fuel is now up to eight dollars and one cent from seven-fifty—a fifty-one cent increase. Diesel increased by forty-eight cents to six dollars and sixty-one […]
Rice—it’s normally what’s for lunch and there is some good news to report about that staple food. The government has approved an eleven cent average decrease in the pound of rice and a fourteen dollars decrease for the hundred pound sack. In Belize City, Corozal, Orange Walk, Belmopan and San Ignacio, the price has decreased […]
