The government said today that a deal will soon be struck in re-negotiating the five hundred and fifty million dollars U.S. bond. In 2012, it appeared that a default was imminent, and then the government offered only a partial payment in September. There was a sixty day extension period which expired in November, and then […]
The P.M. said the debt flow relief will not eliminate the country’s fiscal or financial gap. While Barrow believes this pending agreement mends the relationship with the external financial community he was also hopeful that debt servicing will be sustainable. AJ Mediratta, a senior partner of Greylock Capital Management told the media that they represent […]
The hundreds of millions in dollars of relief brought by a restructured bond may have given teachers hope that the government will be able to grant pending salary adjustments. But the Prime Minister has crushed all hopes of those salary increases occurring in the near future. Following today’s press conference with the chairman of the […]
It is not known how it will factor in the superbond savings but the London Court of International Arbitration recently issued an award in favour of the Belize Bank Limited in arbitration proceedings commenced by the Bank against the Government. Word to News5 is that the arbitration concerned the breach by the Government of a […]
There has not been a murder since the massacre of four gang affiliates in Belize City two weeks ago, but over the weekend, a senior citizen, who is an epileptic, was found dead in his house in Maskall off the Philip Goldson Highway. Ervin Morales lived alone in a two bedroom house; his body was […]
Dialogue between the Barrow Administration and the Belize National Teachers Union, the Public Service Union, as well as the Association of Public Service Senior Managers concerning the long overdue salary adjustment resumed in mid 2012, following a four year suspension. Since then the parties have been in negotiations; but have failed to arrive at an […]
With the impending national demonstration and possible strike action at government’s front door, Patrick Faber, who leads a ministerial committee on collective bargaining agreement with the unions, said last Friday that government does not have the finances to support the adjustment. This morning, Faber likened the adjustment to an increase and further warned that it […]
Minister Faber was also asked about payment made to gangs, either for the truce or to keep the peace in the aftermath of the slaughter of four George Street Gang affiliates two weeks ago. Specifically, how is it that there are resources for gangs but not for public officers? Here is his response. Patrick […]
A man accused of stealing from Minister Edmund “Clear the Land” Castro is behind bars tonight. Nicaraguan national, forty-six year old Oscar Hernandez, a mechanic in the Caledonia Village appeared unrepresented and was arraigned before Magistrate Dale Cayetano on a single charge of theft. It is alleged that between October 2012 and December 2012 in […]
A shooting took place just adjacent to our headquarters on Coney Drive after a nearby store was robbed last Friday evening. Quick police action led to the arrest of twenty–five year old Nuri Dario Polanco, an air condition technician of Belize City. Polanco was today arraigned in the court of Magistrate Hettie Mae-Stuart and […]
Two traffic mishaps over the weekend have left one person dead and five others injured. The first occurred in the northern part of the country late Friday evening, where eighty-one year old Eduardo Acosta of Calcutta Village lost his life. Fifty-six year old Hector Manuel Torres of Altamira, Corozal reported that while he was driving […]
2012 has been recorded as the most murderous year with an unsurpassed number of homicides occurring between January first and December thirty-first. While the annual statistics for crime and violence have been progressive, there has been an overall increase of fourteen and a half percent as it relates to murders in comparison to 2011. There […]
The village of Santa Martha is located off the Philip Goldson Highway; it is home to about six hundred residents of which about one hundred and sixty are of school age. This morning while the school doors were open, only two students showed up for classes. As in other communities, a problem over the lack […]
Good evening, I’m James Adderley and this is Sports Monday. The national football team of Belize has created much excitement and has increased expectations after 2 outings so far in the 2013 Copa Centroamericana. There is indeed a real chance that team Belize can advance to the 2nd round and that objective demands that […]
