Early this afternoon, the Governor General, Sir Colville Young, penned his signature to put into law, G.O.B.’s acquisition of Belize Telemedia. Just like that in a period of twenty four hours, that began on Monday, with a special session of the House, G.O.B. hijacked the utility company. The events unfolded with a surprise introduction, debate […]
No doubt that you’ve have been following the news that Government has seized control of ninety-four percent of the shares in Telemedia. And after the legal formalities, Telemedia is now a state owned company. But what does the takeover really mean for investors? Will the litigations end? News Five asked attorney Eamon Courtenay earlier today […]
In the private sector, one of the first to weigh in is the Belize Chamber of Commerce and Industry. In a stern release issued late Monday evening, the B.C.C.I. said it viewed with concern the proposed Belize Telecommunication (Amendment) Act 2009 and the haste with which it was dealt. The Chamber says “the nationalization of […]
A day after government announced it was nationalizing Telemedia; the debate is raging on the airwaves and in the board rooms. While the Prime Minister says the take over will end legal battles, outgoing Chairman of the Executive Committee, Dean Boyce, appearing on this morning’s edition of Open Your Eyes, says the contrary and that […]
Still on the biggest story so far, in the Senate today, the vote was not unanimous on the Telecommunications Act. Nine senators supported the bill, none were against, two abstained and one member was absent. Senator Godwin Hulse, representing the business community objected to the Accommodation Agreement but said that it is no secret that […]
Hector Silva was one of two Senators who abstained from voting on the matter. Silva said he is against monopolies but the areas in this B.T.L. takeover are so grey that he absolutely had to abstain from voting. Hector Silva, PUP Senator “What I’m saying is this, why I abstained is one: are we sure […]
Earlier we told you that Anwar Barrow was a member of the new Telemedia Board, but before that, in Belmopan, when the Senate debate got underway, Barrow was named Senator. While Barrow did not make his maiden speech on the merits of the bill, he did vote to support its passage. There has been speculation […]
The Hayward Charitable Belize Trust owns approximately seventy percent of Telemedia and this evening, it issued a release regarding its stake in Telemedia. Hayward’s view is that the nationalization is both illegal and unconstitutional and that assertion will be tested through the Courts under international law and it will invoke the Investment Treaty between the […]
Citrus should be sweet, but the industry has been going sour for quite a while. The Citrus Growers Association wanted to unseat three of its directors on the board of the Citrus Products of Belize Limited (C.P.B.L.). CPBL’s Chief Executive Officer, Henry Canton and directors Frank Redmond and Mike Dunker should have been replaced with […]
Also in court today, Magistrate Tracy Sosa heard a case of Obtaining Property by Deception and the woman in the hot seat was thirty year old Gina Kelly Conorquie. It appears Conorquie got overly busy on August third and she is accused of deceiving three women out of cash in separate incidents, all on the […]
A Junior College student will not make orientation this school year as he finds himself behind bars tonight on charges of Aggravated Assault upon a police constable. Twenty year old Akeem Tyrone Lord was arrested on Friday after he allegedly pulled a gun on Police Constable Harold Grinage. According to Grinage, he reacted by pulling […]
A postmortem was conducted on the body of Leroy “Red Ants” Rhaburn. Rhaburn was stabbed and killed during a Friday night altercation with Walter Beaton at Kevin’s Bar at the corner of Euphrates and Cemetery Road in Belize City. The examination certified the cause of death to be exsanguination and external bleeding as a consequence […]
Chief trouble spots around the country in times of flooding will be given top priority over the coming weeks. This afternoon, the Ministry of Works assigned contracts after the Inter-American Development Fund provided funding of ten million Belize dollars under a scheme called the Immediate Response Facility. The scope of the work will be to […]
