But there is some good news to report that will ease, at least to some extent, the financial burdens on households across the country. The Belize Poultry Association announced today a drop in the wholesale price of whole and dressed chicken. According to the Association, because of a reduction in prices of feed inputs, they […]
The global economic crisis was first seen on Wall Street when stocks began to plummet in the past months. It has found its way around the world from the United States and has affected global financial markets, particularly in Europe and Asia. Governments of developed countries around the world have been meeting and discussing bail […]
The Venezuela millions, this is another topic that has been dominating the headlines this year. And while the twenty million has been handed over to the government by the Belize Bank, the matter is still under arbitration in London. But Barrow says G.O.B. will have no part of it… and is focusing on spending the […]
The campaign may be over, but the financial crisis at the City Council is beginning to haunt Mayor Zenaida Moya. And today Central Government jumped to the rescue of a bankrupt City Council and handed over two hundred and fifty thousand dollars to meet payroll and sanitation services to ease the burden on the strained […]
And in news in the Tourism Industry, Belize is one of three Caribbean countries that are benefitting from funding for training for the next three years. The programme for capacity building is funded by the Organisation of American States and U.S.A.I.D. and the implementing body will be the Belize Tourism Board. Marion Ali was at […]
And from the convention floor to the airport, there was no official release, but News Five has confirmed that effective October first, the departure tax at border points and the airport was increased. The fee jumped three dollars to settle at thirty-five-fifty U.S. for international visitors. When you factor the additional three-seventy-five fee for PACT, […]
And from the embattled transport industry to the sugar industry where a storm is brewing over millions of dollars allegedly unaccounted for. Reports from the north say that fireworks are expected this weekend when the Orange Walk Division of the Cane Farmers Association holds its annual general meeting. At stake is a whopping seven point […]
If you’ve been paying attention to the U.S. media, you would not have missed the fact that the U.S. is in the midst of a financial crisis. Banks, brokerage houses and mortgage companies are going belly up and as the system threatens to collapse, lawmakers are frantically debating bailout. On Monday when a seven hundred […]
In other news caused by the economic crisis, much decreased crude oil prices have forced the government to revisit its revenue from the recently implemented windfall tax. Back in July when P.M. Barrow announced the terms of the tax on local companies and license holders, prices were hovering around a hundred and thirty-three dollars a […]
And tonight there are some disturbing reports that affect our regional programming. In a release late this evening, the C.M.C., which produces Caribbean Newsline that airs immediately following our daily newscast, announced that their news packages are being suspended effective immediately. The reason: the financial crunch. The news packages formed part of the programming offered […]
The Office of the United States Trade Representative has announced the sugar quota for countries exporting to the U.S. Belize’s allotment for the fiscal year starting October first and ending September thirtieth 2009, is eleven thousand five hundred and eighty-three metric tons. This is the same quota agreed to last year, but according to Belize […]
With the spiraling cost of living in basic food items, there is some good news for consumers countrywide as today government announced that the price of butane gas has been reduced by three dollars. The new approved maximum retail price for a hundred pound cylinder in Corozal and Belize is one hundred and twenty-four dollars, […]
There is a mixed bag of some good and bad news in the country’s economic performance in the first two quarters of 2008. But first the positive indicators. Statistics released today by the Statistical Institute of Belize show that the private sector held its own and that gross domestic product rebounded after a slow start […]
In other news to add to the economic woes, this time from the citrus industry, the Citrus Products of Belize Limited has announced the final prices for oranges and grapefruit. According to a release, payments will be made on September fifteenth, but before growers start to celebrate, there is a notable and significant drop in […]
The government of Taiwan made good on its word to provide millions of dollars for budgetary support. A cheque for twenty-five million dollars which is the second installment of a grant for fifty million dollars for the period of 2008 to 2013 was handed over to PM Barrow by Taiwanese Ambassador Ting Joseph Shih in […]
And as for those ten million U.S dollars from Venezuela that the Central Bank retrieved from the Belize Bank on August eleventh following months of litigation in court, the Prime Minister announced he has appointed a Steering Committee that will have oversight on the millions. Prime Minister Dean Barrow “What’s to happen with the money? […]
There is a special sitting of the House on Friday. It is special because the House is on recess but there is urgent business that requires the nod from parliamentarians. The Income and Business Tax Amendment Bill will go to the House for the second and third reading and thereafter through the final stages so […]
The division in the Belize City Council is glaring with the embattled Mayor Zenaida Moya fighting to survive a tough challenge coming from her Deputy Anthony Michael. Today the Mayor is back in the news, but this time it’s about the tourism head tax. The fee was agreed to by the Belize Tourism Board and […]
Belizeans who filled their tanks today got sticker shock, but it wasn’t because of an increase in prices. As of midnight on August twelfth the pump prices for fuel reduced an average of one dollar and fifteen cents. The new prices are as follows: premium gasoline is now ten-forty-one, dropping from eleven-forty-nine; regular decreased one […]
The ease that consumers received last week with the five dollar decrease in butane gas, has been cut short with an announcement that the price of both chicken and eggs has gone up. The wholesale price of whole dressed chicken increased twenty-six cents, from two-eighteen to two dollars and forty-four cents. Eggs on the other […]
But there is good news for consumers around the country; the price of butane gas has been reduced by five dollars per hundred pound cylinder. The decrease takes effect tomorrow. If you live in Belize City or Corozal District you’ll now pay one hundred and twenty-seven dollars for a hundred pound cylinder. Meanwhile Orange Walk […]
You will never know from prices at the local gas pumps, but oil prices on the international market have tumbled, registering the lowest drop in the last seven weeks. Today’s drop on the New York Mercantile Exchange was as much as four dollars a barrel, down to one hundred and twenty-two dollars and eighty-four cents […]
Prime Minister Dean Barrow had his say yesterday in respect of the windfall tax reached with B.N.E. and other oil companies. And today, the opposition, P.U.P., had its own take on the petroleum tax agreements. The P.U.P. takes issue with the delay in reaching the tax proposals which it claims has led to losses to […]
In April, Prime Minister Dean Barrow announced that his government would seek to institute a windfall tax on the oil industry in light of the internationally skyrocketing fuel prices, and in his budget presentation this week, the P.M. reiterated that government expected a larger share of the earnings. Those negotiations with Belize Natural Energy and […]
There was a lot of back and forth between G.O.B. and the oil producers to get to today’s press conference, with both parties pulling out all the cards to get their way. For B.N.E. Chief Executive Officer, Dr. Gilbert Canton and Country representative for U.S Capital Energy, Alistair King, they can live with the tax […]
