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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 […]
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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 […]
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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 […]
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Comments Off on …Arbitration Tribunal to Determine Actual Compensation for Nationalization
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 […]
After a week away from classes, only a small amount of the four hundred students returned to the classrooms at Faith Nazarene in San Ignacio this morning. Having reached an agreement late last week with School Management, the Ministry of Education and the Teaching Services Commission, all teachers were back inside the classrooms. But outside, […]
Written on September 14, 2015 | Posted in
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There were several violent incidents over the Carnival weekend in the city and in rural Belize district as well as in the south. But we start with a murder that occurred in the May Pen Village off the Phillip Goldson Highway near mile twenty-four. On Saturday morning, forty-two year old Carl McCulloch made a gruesome […]
Written on September 14, 2015 | Posted in
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Comments Off on Caretaker of May Pen Farm Butchered to Death
Back to the Belize District. As many as four persons were hospitalized for injuries sustained in the gun violence that started around nine-thirty on Saturday night. An off-duty female police officer was socializing with her common-law husband and friends in front of her house on Curassow Street when a gunman opened fire and her common-law-husband, […]
Written on September 14, 2015 | Posted in
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Comments Off on Gun Violence Erupts Across Old Capital during Carnival Weekend
Two hours later, police were called out to Antelope Street where two persons were injured in another shooting. Around eleven-thirty p.m., at least two gunmen reportedly fired a barrage of bullets at the house of twenty-one year old Andrea Buller and twenty-five year old Kendale Sanchez, hitting them to various parts of the body. Buller […]
Written on September 14, 2015 | Posted in
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Comments Off on Gunmen Spray Bullets on Antelope Street Residence, Two Persons Injured
The first two shootings on south side Belize City, it would appear, prompted a swift reaction from Eastern Division South and this morning between three a.m. and ten a.m., a joint police operation comprising of the Mobile Interdiction Team, the Special Patrol Unit and the Gang Suppression Unit rolled out in the George and Antelope […]
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Comments Off on Sting Operations on George and Antelope Streets Yield Drugs and Firearms
But there was a third shooting in the Old Capital, this time on north side. Nineteen year old Gary Young was shot on the wrist and a sixteen year old minor was shot on the buttocks at the corner of Barrack Road and Pickstock Street. According to Young, they were approached by three men, an […]
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Comments Off on Shooting on North Side Leaves Teens Injured
The spate of violence continued this morning. In Sand Hill, a resident Brian Davis was shot near his house following a misunderstanding with a group of men over a bicycle and some cash. The Rural Rapid Response Team of the Police Department was activated immediately after the shooting and has since captured one of four […]
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Comments Off on Sand Hill Resident Shot after Altercation over Bicycle
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 […]
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Comments Off on COLA’s Sustains Anti-Government Campaign
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 […]
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Comments Off on P.M. Barrow Responds to CWU on Pending Sale of FCIB Assets
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 […]
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Comments Off on Government’s Role in Facilitating Sale Explained
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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Comments Off on Groundbreaking for Ecumenical Chapel at K.H.M.H.
Good evening, I’m James Adderely and this is Sports Monday. We take you out immediately to the Norman Broaster Stadium inside scenic San Ignacio where Police FC hosted an old rival, the Belize Defense Force in a ballgame that found both ball clubs looking for a 1st season win in 3 tries. The police […]
Written on September 14, 2015 | Posted in
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Comments Off on Sporting Highlights with James Adderley
