Belize - Belize News - Channel5Belize.com - Great Belize Productions - Belize Breaking News
Home » 2015-04-29 You are currently browsing entries tagged with the keywoard: 2015-04-29

Derisking is Minor Setback to Belize’s Banking Sector

The Prime Minister took on a number of issues this morning at a press conference that started at ten and continued until about twelve-twenty. P.M. Dean Barrow spoke on a myriad of national issues that have been on the headlines for days. There is the Petrocaribe Loan Act, which has become one of the most […]

Belize Bank Fully Supported by G.O.B. and Central Bank Through Derisking Hiccup

Now for policy matters, the Bank of America has withdrawn as corresponding bank to the Belize Bank. The PM explained that there has been nothing awry and that the government is in full support of the bank. Furthermore, the Central Bank will be assisting with wire transfer so there is no need to panic.   […]

Executive Chairman Says It’s Business As Usual for Belize Bank

In past three or four years, the large U.S. Banks and some European Banks have been facing some of the largest fines in the history of banking. Those fines, according to Lyndon Guiseppi, the Executive Chairman of Belize Bank, relate primarily to the banks being sanctioned for doing business in jurisdictions or in countries with […]

P.M. Addresses Legalities of Petrocaribe Loan Act

At least half an hour of the two-hour long press conference this morning was dedicated to Petrocaribe, the controversial project which spawned the controversial Loans Act and Bill. The Opposition has led the charge to declare the government’s use of the funds without approval from the House as illegal…from the very start. Prime Minister Barrow […]

“Petrocaribe is Here to Stay” – P.M. Barrow

The matter of the illegality is still before the courts, but where the outcry from the Opposition, VIP, church, business sector and unions is concerned, the Prime Minister isn’t at all concerned, and neither is he ambiguous where Petrocaribe is concerned.   Prime Minister Dean Barrow “Petrocaribe and its bountiful infrastructural, social assistance and job […]

Petrocaribe Rolls Out Countrywide…

Amidst all that was said about Petrocaribe this morning, there were only a couple things we hadn’t heard before. One is that those glorious monies will be rolling down south to citrus farmers, and we’ll have more on that later in our newscast. The other is that the Petrocaribe monies from the start of this […]

Citrus Farmers Receive Boost With… You Guessed It, Petrocaribe Funds

As we mentioned earlier, Petrocaribe monies will be used to bail out C.P.B.L.  It’s not the first time the company is being assisted, so to speak, by government. In fact it happened just last year when U.D.P. insider, Doug Singh, was placed at the helm. But the company is in trouble again, and apparently have […]

…What Else Will It Be Spent On?

As you’ve noticed, where the government is concerned, Petrocaribe is the biggest thing, bar none. Politically, it’s been a game-changer for the United Democratic Party, especially since with the passing of the Petrocaribe Bill there’s no need for House approval, no oversight and no limit to what can be borrowed or spent. Today the Prime […]

Does Petrocaribe Cover Health and Education Too?

As you can see, it’s a long list of projects which span the country, and it’s mainly infrastructure – from sporting complexes to the City Centre to million dollar roundabouts and road projects. It fairly boggles the mind. But we couldn’t find any mention of any major projects in areas like health or education. The […]

P.U.P. Protests Outside P.M.’s Press Conference

As early as six-thirty this morning, Police were on high alert at the Biltmore Plaza, putting up barricade and roping off a section of the parking lot. All that activity was because the P.U.P. had decided to upstage the PM’s Petrocaribe party with a protest. They showed up at around ten, just over two hundred […]

Details of P.M.’s Carnival Meeting Disclosed

The prime minister’s recent trip to Miami where he met with senior executives from the Bank of America, also included a meeting with Christine Duffy, President of Carnival Cruise Lines.  P.M. Barrow’s purpose for calling on Duffy is to get Carnival’s view on the proposed Stake Bank Tourism Development Project.  That initiative is mired in […]

Carnival’s Two Cents on Stake Bank Development

During the meeting with the Carnival executive, several benefits, including distance and safety, were also outlined from use of the proposed Stake Bank project.  The issue of a causeway connecting the island to Belize City is also not a factor for the cruise line.   Prime Minister Dean Barrow “Carnival quite frankly, is not concerned […]

What’s the P.M.’s Take on CCJ’s Maya Land Rights Ruling?

The Caribbean Court of Justice issued a milestone decision on the issue of Maya land rights a week ago.  Since then the ruling, as well as the consent order, has been subject to legal interpretation.  This morning, during the prime minister’s press conference, he shared his understanding of the CCJ decision and what it means […]

Upcoming Mother’s Day Cheer Extended to P.U.P. Area Reps

Today, the Prime Minister announced that all U.D.P. Area Representatives will be receiving fifty-thousand dollars to give out for the now annual Petrocaribe-funded Mother’s Day Cheer program. The P.U.P. has stated that it will not be partaking, but today the PM poked fun at the Party, claiming that one of its representatives has been begging […]

ComPol Whylie on Spike in Crime in Belize City

Our records show that in the first four months of the year, there have been forty-three murders; that is twelve more than in the same period in 2014. Our stats also show April recording the most murders so far with eighteen killings; nine of occurred within the past six days. Of those nine, eight occurred […]

Carlos Cassanova Jr. Charged With Corozal Murder

Mark Edward Massam was hacked to death on December ninth, 2014 on College Road in Corozal Town allegedly by Carlos Cassanova Junior who was in turn shot by police.  He was immediately transferred to the K.H.M.H. in Belize City under police escort where he has been hospitalized since the incident.   It was not until […]

Police Training Academy Inaugurates Gym

A ribbon cutting ceremony for a newly constructed running track and gym at the National Police Training Academy was held today at its compound in the Capital. The facilities will be used by both the force and recruits to stay in shape. Duane Moody reports.   Duane Moody, Reporting The National Police Training Academy recently […]

Police Officers Transferred

Several transfers are in the pipeline for senior officers in the Police Department, says Commissioner Allen Whylie. The transfers are part of an annual process and effective July of this year; several Commanders will be transferred across the country.  Some of the transfers are as follows: Assistant Commissioner of Police Joseph Myvette will now be […]

U.S. Embassy Recognizes Local Youth Groups

The U.S. Embassy recognized four youth groups for doing outstanding work in their communities. Today, the youth presented on the projects which included works to rehabilitate a center to provide a safe and clean meeting space for young people of Armenia Village, environmental and sustainability awareness, as well as dissemination of information on sexual reproductive […]