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A wide range of issues came up during Monday’s press conference when Prime Minister made the announcement that he had reached settlement with the previous owners of Belize Telemedia six years after he nationalized the telephone company. The media wanted to know if relations were on the mend with Lord Michael Ashcroft who was personally […]
Written on September 15, 2015 | Posted in
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The issue of the accommodation agreement between signed between government and the previous owners of the B.T.L. has been the elephant in the room. So how does it factor in the settlement reached a few days? The PM says that he won’t honor. Reporter “Do you regret the emotive language that you used upon […]
Written on September 15, 2015 | Posted in
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But according to the PM, if it forms part of the valuation to the compensation, then some ground will have to be found. Prime Minister Dean Barrow “They have long since gotten, as I said, enforcement orders from the U.S. I am telling you, there’s nothing that Belize has there to attach. And so […]
Written on September 15, 2015 | Posted in
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The Karl Heusner Memorial Hospital is celebrating its twentieth anniversary this week with a series of activities that are being held across the institution to commemorate that milestone. Since assuming the post of Chief Executive Officer earlier this year, Dr. Adrian Coye has been instrumental in facilitating the unionization of K.H.M.H. employees. You would recall […]
Written on September 15, 2015 | Posted in
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Acts of sexual violence against boys and girls are constant despite a number of new measures in place that provide more protection to victims and make it harsher for perpetrators of the crime. One way to prevent this scourge is through awareness and getting people to reject all forms of sexual exploitation. This morning, a […]
Written on September 15, 2015 | Posted in
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Six years after the first nationalization of Belize Telemedia, Prime Minister Dean Barrow announced this afternoon that an agreement had been reached to settle compensation for the telephone company which the government first nationalized in 2009 and then in 2011. In the period leading up to the settlement, rounds of costly litigation have taken place. […]
Written on September 14, 2015 | Posted in
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Comments Off on G.O.B. Settles Compensation for B.T.L. 6 Years after Nationalization
The settlement of B.T.L. comes on the heels of the settlement for the nationalization of the other utility company, Belize Electricity Limited. But unlike B.E.L., there were numerous issues outstanding between government and the Ashcroft group of companies including an arbitration award. Part of the settlement involves a loan which has now ballooned to close […]
Written on September 14, 2015 | Posted in
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Forty-eight million U.S. dollars settles the BCB award. PM was also clear that B.T.L. will eventually take responsibility for the payment. The government will make the initially payment and some nineteen million dollars will come from the Petrocaribe to do so. Prime Minister Dean Barrow “It is now forty-eight million U.S. The Dunkeld […]
Written on September 14, 2015 | Posted in
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Comments Off on Nineteen Million Petrocaribe Dollars to be Used for Initial B.T.L. Payment
Now, as it relates to the actual compensation for the nationalization of B.T.L., the PM agreed to rely on the NERA valuation of a dollar and forty-four cents per share which represents sixty five point three million dollars. But an Arbitration Tribunal is to determine the final amount of the award and government will then […]
Written on September 14, 2015 | Posted in
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Government gets to pay some one hundred and sixty two million dollars but how much has it spent on legal fees? There has always been speculation on that figure and at this afternoon’s press conference at the Biltmore Plaza, where cabinet also met prior to the announcement, the PM turned to the Financial Secretary, for […]
A sustained campaign led by COLA continued today with new demands announced at a press conference held at the Radisson. This time, the grassroots organization has partnered with the Belize Territorial Volunteers who are bringing to bear additional pressure on the Government over a road linking Guatemala to Belize which was built after the establishment […]
Written on September 14, 2015 | Posted in
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COLA brought out a large number of supporters to the Santa Rita Room of the Radisson where President Geovanni Brackett once again demanded a boycott of trade and services with Guatemala. He also reiterated the call for Foreign Minister Wilfred “Sedi” Elrington’s immediate removal. Geovanni Brackett, President, COLA “There’s no more reason why we […]
Written on September 14, 2015 | Posted in
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On Friday, employees of First Caribbean International Bank, those belonging to the Christian Workers Union, staged a mass sickout disrupting the flow of business across various branches. In Belize City, the BelCan branch, as well as Orange Walk and Belmopan were closed for the day, while the Albert Street and Dangriga branches ran on skeleton […]
Written on September 14, 2015 | Posted in
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P.M. Barrow, during his press conference this afternoon, explained government’s legal role in facilitating the sale of FCIB’s assets to Heritage Bank. To circumvent the passage of the Vesting Act, he says, would mean that the process would be unnecessarily lengthened to include each individual shareholder. Prime Minister Dean Barrow “All government is doing […]
Written on September 14, 2015 | Posted in
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Construction of a chapel is underway on the grounds of the Karl Heusner Memorial Hospital where families will be able to congregate for spiritual upliftment. Funded by the Government of Belize and the Council of Churches, the one hundred and fifty thousand dollar project is expected to be completed by December of this year. A […]
Written on September 14, 2015 | Posted in
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At least sixty employees of five First Caribbean International Bank branches in Belize today contracted some mysterious malady which caused them to call in sick. Actually, it’s more likely what is called a sick-out, and it is in response to the looming departure of CIBC-FCIB which is selling out to Heritage Bank. The very ill […]
Written on September 11, 2015 | Posted in
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And that brings us to the mysterious illness which resulted in the closure of three FCIB branches – Belize City BelCan, Orange Walk and Belmopan, while two more on Albert Street and Dangriga operated with a skeleton staff. Matura-Shepherd says that the circumstances would be enough to sicken anybody, so the mass absence is completely […]
Written on September 11, 2015 | Posted in
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So what’s the next move? That wasn’t spelled out in the clearest of terms but let’s just say that it doesn’t seem that the employees who were suddenly taken sick today are going to be better by Monday…or even by Tuesday, when Government intends to push through the Vesting Act which will enable to transition […]
Written on September 11, 2015 | Posted in
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Three fishermen from Belize City – Giovanni Murillo, Donovan Usher and Jerome Bowen – left to go on a one day fishing trip to Turneffe two weeks ago and never came home. They are presumed dead by their families, who have made serious claims of Coast Guard involvement in the demise of the three men. […]
Written on September 11, 2015 | Posted in
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Bennett reiterates that they are assisting the Police in the investigation, and have also conducted their own internal investigation to parallel that by the Police. The five men have been returned to active duty. And so have three Coast Guard officers who have been charged for extortion in the Corozal District, though it is expected […]
Written on September 11, 2015 | Posted in
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Comments Off on Commander Bennett Says Incidents Affect BNCG Morale
If you have been to the pump recently you would have noticed a drop in the prices of fuel. In the City since Wednesday, regular fuel has been selling at eight dollars and five cents, that’s a dip of ninety one cents per gallon. Diesel is retailing at six dollars and sixty cents, a reduction […]
Written on September 11, 2015 | Posted in
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The Guatemalan claim to fifty percent of Belizean territory has surfaced as an issue in the Guatemalan elections. On Thursday, an interview with Guatemalan presidential candidate, Jimmy Morales, spread like wildfire on social media drawing comments from many Belizeans. Now, Morales is the winner of the first round of elections held just this past Sunday […]
On Wednesday, we reported about the voluntary recall on individually-wrapped American cheese slices, following a notice by the U.S. Food and Drug Administration. The Belize Agricultural Health Authority stated in a release that the Kraft Heinz Food Company product was being recalled. The reason is because there is a high probability that a fine ribbon […]
Written on September 11, 2015 | Posted in
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The historic Battle of St. George’s Caye was commemorated on Thursday with Tenth of September activities being held across the country. In Belize City, an official ceremony was held at the Fort George Memorial Park where a host of dignitaries, including Mayor Darrell Bradley and Minister of Tourism Manuel Heredia were in attendance. Before a […]
Written on September 11, 2015 | Posted in
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Comments Off on At Look at September 10th in Belize
This morning, stevedores protested outside the Port of Belize compound, again. This time it wasn’t about the quality of water served to gangs offloading sugar barges. It’s about more than that – the entire Collective Bargaining Agreement, in fact. The negotiation and signing off on that agreement has been stalled for more than a year. […]
Written on September 9, 2015 | Posted in
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