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Prime Minister Dean Barrow; Financial Secretary Joseph Waight, and Economic Ambassador Mark Espat returned from New York City over the weekend having laid the groundwork for the possible negotiations for restructuring the multi-billion dollar debt package, following two previous restructurings in a decade. The three-man team met with Citigroup Global Markets Incorporated and Cleary Gottlieb […]
Batting away reminders that his party, when in Government, packaged seventeen original loans to form the Superbond and that much of that debt has still not been paid, P.U.P. leader John Briceño laid the blame on the current administration for squandering multiple opportunities to fix the state of affairs through sustained economic growth, citing the […]
The People’s United Party met earlier today with the executive of the Belize National Teacher’s Union. Many of the Union’s members who went on an eleven-day strike that led to concessions from Government on key national issues as well as interest on their delayed salary adjustment, now face deductions in salary ordered by the Ministry […]
And our question for tonight is: Do you believe G.O.B. will raise taxes as a result of Superbond restructuring? Send your comments and responses using your SMART phones to 8686 or post your vote on our e-poll at channel5belize.com. You can also send an email with your comments to questions@channel5belize.com
Minister of Foreign Affairs Wilfred Elrington appears to have thrown his hands up in the air in relation to getting a Sarstoon Protocol, admitting that he has been unable to reach his Guatemalan counterpart, Carlos Raul Morales. Under the presidency of Jimmy Morales – who is no relation – the Guatemalan Foreign Minister has been […]
The process of officially selecting a thirteenth senator is finally underway, eight years after being introduced as a manifesto promise by the United Democratic Party. Twenty-two non-government organizations considered to be in good standing are spearheading the course of action which will include the nomination of candidates. Following a meeting of N.G.O. representatives last Wednesday […]
Written on November 15, 2016 | Posted in
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Critics of the appointment of a thirteenth senator, including Foreign Minister Wilfred Elrington, have dismissed the addition of one more parliamentarian as merely another stumbling block in government’s move to achieve its mandate. Salas maintains that the role of the thirteenth senator is to advocate for sustainable human development, regardless of criticism. Osmany Salas, […]
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The Northern Caucus of the People’s United Party has called for the resignation of Gaspar Vega. The Orange Walk North area representative and former Deputy Prime Minister resigned from cabinet after the news of a million-dollar compensation for land at the Haulover Creek was paid to his son, Andre, and attorney Sharon Pitts. Vega told […]
Written on November 15, 2016 | Posted in
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Last week, Minister of Human Development Anthony “Boots” Martinez denied conflict of interest in the decision by the Department of Social Services, which used to be on Regent Street, to relocate to a well-known bright yellow building near the hand roundabout at the entrance to the George Price Highway which he claims is owned by […]
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Donald Trump is set to take office in January as the forty-fifth President of the United States of America. He surprised the world with an unexpectedly comprehensive victory over Democratic rival Hillary Clinton, one week ago tonight. The billionaire businessman from New York City won with an appeal to white and lower-to-middle class voters seeking […]
Geospatial information systems may be introduced in the classrooms through the curriculum starting from primary schools. On Tuesday, primary school teachers participated in a workshop where they were introduced to GIS and the best ways to use it to make teaching and learning more engaging. On the second day of the workshop, secondary and tertiary […]
The Belize Medical and Dental Association is hosting its thirty-fifth annual congress this week. The three-day event kicked off with a conference today sponsored by the Ministry of Health through its maternal and child health program. The annual event brings today nurses, doctors, dentists and other medical partners to discuss health in Belize. This year’s […]
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Courts has embarked on an initiative to empower primarily single mothers and women who have retired and are seeking a means to earn an income. Using their Brother Sewing product, the participants were taught how to use the machines to make bedspreads and got a chance to win various prizes courtesy of Courts. The competition […]
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The murder of Victoria Castillo, the sixty-three year old churchgoing Christian mother and grandmother, who was nearly decapitated by attackers who wanted her money—about three thousand dollars in cash—for their own purposes, has put a damper on the run-up to Garifuna Settlement Day festivities in Dangriga. But on Monday, the regional commander of the Southern […]
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Yochi, Manna and Soca Mode are some of the productions that made it to the top in this year’s Belize International Film Festival. These local productions competed against thirty others in seven categories including best documentary, best film and best Belizean music video. The panel of judges was swayed by the high standards of the […]
According to Savery’s mother, a celebration of his life will be held on Wednesday. In an extended interview with the media, Shakera Young is appealing to the community to stand up in solidarity and bring an end to the violence. Shakera Young, Mother of Tyler Savery “What I am appealing to you mothers out […]
Prime Minister Barrow, accompanied by Financial Secretary Joseph Waight and Economic Ambassador Mark Espat, returned from a working visit to New York on Saturday, following a series of meetings with G.O.B.’s legal and financial advisors in the United States. The three-man team met with Citigroup Global Markets Incorporated and Cleary Gottlieb Steen and Hamilton seeking […]
Ambassador Mark Espat, who will meet with bondholders directly, outlines three possible outcomes. While it is too early to determine any figures and dollar amounts, Espat says that the formation of a creditor committee is pending. Mark Espat, Economic Ambassador “I think there are only three possibilities in that regard. There is the coupon […]
The government said last week that the economy is in dire straits and is severely underperforming. With the proposed restructuring of the existing debt, there is anticipation that a tax increase may be on the table in 2017 budget. Prime Minister Dean Barrow “We’re both in this and stuck with the arrangement which sees […]
Written on November 14, 2016 | Posted in
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Tyron Coleman is back in Belize after completing several successful rounds of open heart surgeries at Health City Hospital in the Cayman Islands. The popular James Bus driver was diagnosed with a rare heart condition earlier this year and after assistance from Belizeans living in Cayman, he was flown via air-ambulance for the urgent medical […]
Written on November 14, 2016 | Posted in
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Belize National Teachers Union has been silent in the past few days. That is because we have learned that the union has decided to challenge the government in respect of salary deductions for teachers to be made at the end of this month. A letter was sent to the Minister of Education and Acting Prime […]
A family from Crooked Tree, Belize District is mourning the unexplained death of one of their own. Thirty year old Deonnie Robinson, a mother of three children, was admitted to the Karl Heusner Memorial Hospital on October twenty-eighth for a throat infection. While hospitalized, it was discovered that there was a swelling to her brain […]
It’s been almost two weeks since Robinson died and a postmortem is yet to be performed to determine the cause of death. Her body remains in the morgue and Crawford says that she needs to put closure to the death of her daughter. Pastor Mildred Crawford, Mother of Deceased “The next day I asked […]
Belize awaits the return of Prime Minister Dean Barrow on Saturday from New York City, where he urged bondholders tied to the 2038 Bond or “Superbond Three point O” to come together to listen to Belize’s pitch for a further restructuring of the multi-billion dollar debt package. The Barrow administration conceded in a press release […]
Both Heredia and Foreign Minister Wilfred Elrington concede that the issue of the Super Bond restructuring did not come up during the last meeting of the Cabinet. While Elrington admits to being in the dark on the latest round of talks, he is confident that the outcome of the negotiation will be favorable to Belize. […]
