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 […]
Barrow is hoping to institute the windfall tax as soon as possible to meet his budget projections, and plans to present legislation to the House soon enough. This morning the P.M. estimated how much G.O.B. hopes to gain when it comes on stream. Prime Minister Dean Barrow “We expect to collect, by way of the […]
The revenue from the windfall tax is good news for government and, according to Barrow, will assist in meeting the country’s external debt and other government programmes. But one of those unexpected payments is due soon. In 2005, a company named NEWCO sued the Musa administration for thirty-three million dollars for terminating an airport management […]
The constitutional case brought by the Belize Bank against the Government got underway this afternoon before Chief Justice Abdulai Conteh. The Bank is challenging the composition and constitutionality of the Appeals Board of the Central Bank in relation to ten million dollars gifted to Belize by the government of Venezuela. On March fourteenth, the Central […]
There’s more bad news for the Belizean security guards and their employer detained in Chetumal for the weekend shoot-out at the Las Vegas casino at the northern border. There is still no official information regarding the incident from the Belize side and as Jose Sanchez found out, the guards are also in big trouble when […]
And while the Belizeans are in the custody of Mexican authorities in a sensitive case that could be protracted, there is another crisis brewing on the diplomatic front. With the untimely ousting of businessman Rafael Chavez, who was stripped of his appointment as Honorary Consul yesterday just as the confrontation broke, the government is hamstrung […]
The case involving an immigration officer who allegedly facilitated the entry of undeclared U.S. currency came up this morning at the Magistrates’ Court. The officer, twenty nine year old Maria Guerra, along with a twenty year old San Ignacio businessman, was charged with Evasion of Custom Duties this morning. On May thirty-first, at the Phillip […]
Two cousins, who have been accused of the murder of a Mahogany Heights man, were taken to court this morning. The two, twenty-four year old Kenrick Parham and eighteen year old Derrick Parham, are facing the murder charges following the fatal stabbing of Orlando Montero on July tenth. Montero, a logger and ex B.D.F. soldier, […]
Police have confirmed that a Honduran national whose body was found in the waters of the Placencia Peninsula, was indeed murdered. A post mortem examination conducted on the body of thirty-four year old Jose Antonio Nixolio Lazo has revealed that the man died of stab wounds. Sources tell News Five that Lazo was apparently stabbed […]
If you are traveling north by air, you will be impressed by the improvements to the airstrip which was opened today with much fanfare. Jose Sanchez has a report of this milestone that is expected to bolster tourism and bring relief to the pilots. Jose Sanchez, Reporting The Belize Airport Authority after a long time, […]
There was plenty drama today at the swing bridge area when Belize Port Authority personnel physically moved some of the boats docked in the river behind the Commercial Centre. The fishermen agree that while the river is crowded with vessels, they are not the ones to move, and point to the water taxis. They complained […]
