Electricity rates have gone down; that’s the word from the Public Utilities Commission in a press release issued late this evening. The Mean Electricity Rate dropped just under six cents from forty-four cents to thirty-eight cents. While the over seven thousand customers accessing the social rate will not see any movement, residential, commercial and even […]
Fuel prices in Belize have consistently been going down during the past few months, but today the prices at the pump are headed in both directions. So depending on what type of fuel you use, you may want to run out and fill up after this newscast. News Five understands that shortly, premium or super […]
Over the past few months the price of fuel at the pump has experienced two significant decreases and at midnight last night, the prices of regular and premium have plummeted even further and reached a milestone below five dollars. Premium or Super gasoline has dropped from six dollars and sixteen cents to four dollars and […]
There has been a lot of discussion on how the recent collapse of major global economies has triggered an economic meltdown around the globe. In Belize, depending on who you speak to, the response is varied. But there is no getting around the fact that natural disasters, budgetary shortfalls, and loss of revenue from many […]
The Government Press Office has announced that the price of butane has once again plunged… this time by as much as six dollars. In Belize City and Corozal, the price dropped from ninety-six to ninety dollars, while in Orange Walk the price is ninety-one. Residents in Belmopan and San Ignacio will now pay ninety-two dollars […]
It’s the beginning of the peak tourism season and for some in the industry it has gotten off to a rocky start. A picture is beginning to emerge on the effects of the recession in the U.S. and there is a significant decline in the number of visitors coming to the jewel. And as predicted, […]
There is startling economic news tonight which may mean plenty of trouble for the government treasury and is an indicator that the global recession is hitting home. Already affected by budgetary shortfalls and millions of dollars in losses by the recent devastating floods, the country’s economic stability is under serious threat. In mid-November we reported […]
At today’s House meeting, an amendment tagged to the Income and Business Tax Bill which involves Real Estate was withdrawn and the tax will remain at fifteen percent. Prime Minister Dean Barrow commented that there was a lot of (quote) “garbling of the facts” in relation to that tax and made the announcement he has […]
Belizeans have been feeling the pain of a high cost of living, according to a recent poll of City residents. But are there plans to bring down prices? News Five’s Marion Ali canvassed the main suppliers of imported goods to find out if there will ever be some relief. Marion Ali, Reporting While Belizeans have […]
There is some good economic news to report. Third quarter G.D.P. figures released by the Statistical Institute of Belize reveals that the economy rebounded by eight point two percent. Leading the charge was electricity production, which shot up by fifty percent from July to September, and oil production which soared by thirty-three percent. According to […]
The high cost of living is on everyone’s mind and when we canvassed citizens around the old capital, the topic resonated. Men and women wanted to know when will grocery store prices follow the route of the fuel prices and decrease. This morning on Channel Five’s Open Your Eyes breakfast show, Prime Minister Dean Barrow […]
All that influx of money, however, will not do much to boost the salaries of public officers. Prime Minister Dean Barrow says he has received submissions from the Pubic Service Union, Teacher’s Union and the Association of Senior Managers, but the economic situation does not provide room for a pay raise. Prime Minister Dean Barrow […]
We begin tonight’s newscast with some economic news which may not be good for the country. The latest Report by the Economic Intelligence Unit, prepared in October and fresh off the press sounds many economic and fiscal alarm bells for Belize, especially in the wake of recent storms and floods. Firstly, the E.I.U. says that […]
When butane prices fell late last month it was good news for the food industry and everyone preparing for the Christmas season. But before you start baking confectionaries and cakes, you need to know of news coming from Belize Sugar Industry in Orange Walk. And that is that the company is rationing white sugar this […]
The cost of living may be up but there is good news tonight that will bring some relief to consumers. And if you didn’t run out and full your tank when fuel prices plunged on November fourth, you may want to drive down to the nearest gas station and do just that because fuel prices […]
Four top tourism destinations got a boost this morning when the Ministry of Tourism, Belize Tourism Board and Inter-American Development Bank unveiled a thirty million dollar sustainable tourism development project. The five-year plan has four components: strengthening industry governance with new legislation and structure; planning and zoning; re-energizing the industry with jumpstart initiatives; and expanding […]
“The Belize Telemedia AGM was held on 26th, November, under the auspices of Keith Arnold, Chairman of the Board. In addition to the explanation of price reductions, improvements in service, community contributions, and the investment and development of Channel 5, as well as the achievement of 15% return on investment, some interesting and disturbing points […]
And while the price of eggs may go up, there is some reason to smile as every household around the country will be enjoy savings just in time for the Christmas Holidays. That’s right, the price of butane has dropped considerably by slightly over twenty percent. The Ministry of Economic Development in conjunction with the […]
In economic news, the price of crude oil plummeted to its lowest yet today at below fifty U.S. dollar, at forty nine dollars ninety one cents a barrel. This is the lowest plunge since January 2007 showing loss of confidence in the global economy and a falling demand for fuel. That may be good news […]
By now you would know that the world’s largest economies are in recession brought about by the financial collapse in the U.S. The latest is also one of the biggest, Japan, which announced it was in recession last Sunday and in the Caribbean the news is not good. Last week one of the biggest hotels, […]
Last Wednesday Belizeans woke up to the good news that Barack Obama has been elected president of the United States… the excitement of that historic appointment multiplied when on the same day news came of the drastic drop in gas prices. The conversion of the two events apparently caused some people to think they were […]
And still on the House, we’ve been reporting that government intends to amend the Business Tax Act and at tomorrow’s meeting the Bill will be presented for its first reading which will raise taxes by more than five percent on telecommunications. And in an update to that unfolding story, News Five has learnt that four […]
There is some good news tonight that will bring a sigh of relief to consumers and that is because the price of fuel has finally dropped significantly in Belize. With the arrival of a new shipment, the prices dipped as of midnight last night at gas pumps in the city and around the country with […]
The primary market for tourism in Belize is the United States and with a depressed economy, more Americans are staying at home. Statistics just released show a dip in tourist arrivals for the period of January to August of this year. The number of arriving visitors to the jewel decreased overall by point six percent […]
Earlier in this newscast we reported on the economic impact caused by the floods that have hit most parts of Belize. The news was not good and to add to the bleak picture, information released today by the Statistical Unit, confirms the pain consumers have been experiencing. The figures show that consumer prices rose by […]
