A formal announcement confirmed on Monday that CIBC FirstCaribbean’s local assets were being acquired by Heritage Bank Limited, a move that will change the banking landscape locally. But the acquisition remains open pending approval by the Central Banks of Belize and Barbados. As FICB’s executives from Barbados met with staff from all branches to deliver […]
But will the transfer of FirstCaribbean’s assets affect its existing clients and what does the sale mean for the banking sector? That’s what we asked Central Bank Governor, Glen Ysaguirre, earlier today. He says that he has been assured by both parties that the transition will be seamless. Unfortunately, the same cannot be said for […]
The purchase of FirstCaribbean’s resources sets the stage for Heritage Bank to expand its operations across the country and with that growth comes a need for additional human resources. According to Ysaguirre, the changeover should hopefully see minimal displacement of FirstCaribbean’s present staff. Glenford Ysaguirre, Governor, Central Bank “With regards to the employees though, […]
There is other news in the financial sector which is also affecting banking transactions overseas in the offshore industry. Atlantic International Bank, which formally severed ties with Bank of America last Thursday, is still without a correspondent bank. As we reported recently, despite marked improvement in compliance with banking regulations, U.S and European correspondent banks […]
And tonight’s question is: Do you think that Heritage Bank should hire First Caribbean personnel that are losing their jobs in the sale of the bank to Heritage? Send your comments and responses using your SMART phones to 8686 or post your vote on our e-poll at channel5belize.com. You can also send an email with […]
Four of five persons, including a minor, are in the custody of the Dangriga Police tonight and are likely to be charged for murder in the wake of the vigilante beating of a Belize City resident. On Monday morning, residents from the Back-a-town area in Sabal Community took matters into their own hands and allegedly […]
The recovery effort to retrieve the lifeless body of ten-year-old Jason Pau from the Ho’Keb’ Ha Cave in Blue Creek Village resumed earlier today with a dive team descending into the waters below in search of the missing child. Pau disappeared on Friday evening while touring the cave system with a group of American Missionaries. […]
A thirty-seven year old and a sixteen year old resident of Sand Hill are facing criminal charges in connection with a stabbing incident in the village on Monday afternoon. Sometime after one p.m., the father of a thirteen year old girl surprised the sixteen year old committing unlawful sexual intercourse with his daughter at their […]
In June 2014, a prosecutor with the Municipal Court was arrested and charged for two firearm offenses after he claimed he stopped a friend from committing a serious crime by taking his gun into safe keeping. Joseph Nunez was charged for Kept Firearm and Ammunition without a Gun License. But that is now behind him […]
A Hattieville resident is out on bail after he was charged with the offense of Burglary with the intent to rape his thirty-five year old neighbour, whom he knew for years. Robert Mejia was arraigned today before newly appointed Magistrate, Deborah Rogers. The alleged incident occurred on June twenty-eighth, 2015. In court, Mejia pleaded not […]
A seventeen year old is tonight fighting for his life at the Karl Heusner Memorial Hospital after he was knocked off his motorcycle on the Bullet Tree Road on Monday. Brendon Vallecillo of Santa Familia had to be hospitalized at the San Ignacio Hospital for a cut wound to his abdomen and severe head injuries. […]
The G-twelve in the P.U.P. has not been heard from since their boycott of national executive and standard bearers meetings in the past two weeks. That is except for Dan Silva who explained his position on Sunday for attending the start of the party’s “Power to the People” Tour in San Ignacio. Now, from what […]
The Belize Chamber of Commerce and Industry and the Development Finance Corporation signed a Memorandum of Understanding earlier today. The mutual partnership will see both organizations strengthening their respective services to members and clients through access to shared resources. While the DFC is primarily a commercial lending institution, the alliance will allow for facilitation and […]
The partnership, Aikman says, will allow the Chamber to expand its reach across the country. Kim Aikman, C.E.O., Belize Chamber of Commerce & Industry “They will also assist the BCCI secretariat with logistical support for regional meetings. As I said, we are trying to expand our reach throughout the country. The DFC will help […]
Four very special athletes returned home to a warm welcome today. And they did not come empty-handed; the athletes returned to the jewel with medals around their necks after taking on much older and season athletes from around the world. The sport is bocce and it put Belize in second place over all in the […]
Over the weekend, the Belize Tourism Board held its annual tourism awards in San Pedro. The event honored hotels and resorts, as well as individuals who have excelled within the industry. But the event was also used to celebrate the fiftieth anniversary of tourism in Belize, specifically San Pedro where the first hotel, the Holiday […]
