The much condemned and now newly minted super-bond is now the Belize Bond 2038, a done deal with a majority of bondholders signing on and the balance will follow suit under a collective action clause. The numbers have been thrown about since last week, but today Prime Minister Dean Barrow was all smiles as he […]
At his press conference of the Belize Bond 2038, the PM said the terms of the restructuring of the five hundred and thirty million US dollars bond is cause for celebration and jubilation. But it also calls for glaring scrutiny of the prudent fiscal management in maintaining the sustainability of the national debt. To this […]
Attorney-General Wilfred Elrington is taking on the Bar Association again, and this time he wants to push legislation which will remove compulsory membership of attorneys in that association. The move is seen in many circles as a way to formalize the deep divisions within the Bar and government’s way of resisting opposition through legislation. Today […]
In February it made the news when it came to light that just six days before the general elections, four prime parcels of land on the Placencia Peninsula were sold to friends and relatives of the Minister of Natural Resources, at rock bottom prices. There was an outcry from environmentalists and residents of Placencia since […]
Two San Ignacio residents were killed by the police on Tuesday afternoon. The duo, twenty-two year old Rony Garcia and eighteen year old Jose Garcia, had robbed a store and were pursued by the police when they were fatally shot. The robbery of three hundred plus dollars and various packs of cigarettes cost them their […]
The budget debate for the 2013-2014 financial year which begins April first, takes place next week in the House of Representatives. When the proceedings get underway, the opposition will be presenting its official position to the estimates that were introduced to the House on March first. But before that happens, we have been looking at […]
Earlier in the newscast we told you about the Prime Minister’s celebration over the Belize Bond 2038. But at the press conference, the media raised the matter of the cost of the restructuring, including legal fees, payment to advisors and payments to the renegotiating team. Prime Minister Dean Barrow did not come up with an […]
Still on the restructuring, Ambassador Mark Espat is the head of the team which worked on the debt restructuring with bondholders that resulted in the Belize Bond 2038. Espat was also an integral part of the team which, under the previous administration in 2007 negotiated what has been dubbed the super-bond. Today, he compared the […]
The Court of Appeal opened on Tuesday, presiding is President, Justice, Manuel Sosa. Two cases were heard on the first day of this session. Twenty-three year old Nelson Gibson, who was convicted of murder and sentenced to life imprisonment, appeared before the court; his case was heard expeditiously and a ruling has been set […]
In a most disturbing story tonight, the stepfather and mother of an eight year old girl have been detained by police for the crimes of Carnal Knowledge and Abetment. On Monday, the minor along with her aunt, visited the Belize City police station and reported the alleged heinous crimes. The minor complained to her aunt […]
The son of a minister was spared jail time today after he was criminally charged before the Courts. Around two-thirty this afternoon, a son of Minister Edmund “Clear the Land” Castro was escorted in cuffs to the Belize City Family Court and was read a single charge of Possession of a Control Drugs. The minor […]
After a rather impressive outing in the recently held Copa Centroamericana at Costa Rica, the Belize Jaguars will be making its first appearance in the CONCACAF Gold Cup which is held every two years. While our national team proudly takes its stand with the best teams from our region, Belize finds itself grouped with the […]
History was made today at the Vatican and in Latin America. The former Archbishop of Buenos Aires, Jorge Mario Bergoglio was elected as the new pope of one point two billion Roman Catholics, including more than forty percent who are from Latin America. The new pope took the name Francis and he is seventy-six years […]
