Since Monday, we have been reporting on the pending acquisition of Scotiabank Belize’s assets by Caribbean Investment Holdings Limited. The Canadian Bank has been selling its branches in the region for some time now and like in other countries, the sale is a delicate situation that the Central Bank is charged to manage to ultimately […]
The completion of an agreement to purchase Scotiabank comes amid an economic crisis brought about by the COVID-19 pandemic. It is a sizeable investment being made in Belize at a time when there is grave concern and uncertainty about the health of the financial system. The negotiations began thirteen months ago and the deal is […]
Successfully closing a deal of this magnitude is a challenge in and of itself pre-COVID-19, but doing so at a time when there is financial uncertainty is an undertaking that requires special attention by the Central Bank. The imminent merger of Scotiabank and the Belize Bank in the months ahead will be followed closely by […]
There are new legal woes tonight for the Channel Broadcasting Cable. Last month, in the U.S. courts, C.B.C. was sued by Dish Network for piracy using Internet Protocol Television streaming services. Dish Network alleges that C.B.C. is capturing and selling its live broadcast signals and transmitting the content over the internet which is tantamount to […]
At the crack of dawn this morning, fire erupted dangerously close to the house of the resident pastor in the village of Gales Point, Belize District. The pastor and his family were asleep when a van parked in the yard was set on fire. The vehicle contained two tanks of butane gas which exploded inside […]
The situation was fraught with danger for Pastor Welch’s family. The police station, which is not far away from the pastor’s house, was locked up and it took hours for the police to arrive to process the scene. Fortunately, the quick thinking of the pastor saved the day. Here is News Five’s Duane Moody. […]
Fifteen persons have been detained for questioning after they were spotted in the Santa Martha Area over the weekend. In the bunch are two police officers and three B.D.F. soldiers who are being interrogated after they were seen in the area at around three o’clock in the morning. The area is a known narco-trafficking hotspot where […]
A Mexican woman, believed to have illegally entered the country last week, was caught in Belize City on Tuesday morning. Twenty-five-year-old Angela Soto lives in La Union in Mexico and reportedly has family here in Belize. The Ministry of Health is currently conducting contact tracing. Health officials received word that she was being housed by […]
An ex-Police Constable who is serving a two-year sentence behind bars applied for bail today while his attorney appeals the ruling of the case; but his application for the bail was turned down. Senior Magistrate Aretha Ford ruled that the evidence that the prosecution has on file stemming from the incident is stacked overwhelmingly against ex-cop, Carlisle […]
The country is experiencing dwindling foreign exchange due to the economic downturn. Credit card spending is on a limit and importers say it has become increasing difficult to bring in goods and keep shelves stocked. Now as it relates to the acquisition of Scotia Bank, assurances have been given by the Central Bank that the […]
This evening, the Bureau of Standards issued a statement in response to reports of a shortage of premium fuel at fuel stations. Due to a decrease in fuel prices on Tuesday, the price of premium is now selling below the price of regular which triggered the spike in demand for the higher grade fuel. Premium […]
On Monday, ten-year-old Steven Torres was laid to rest. He was knocked down and killed in his home village of Libertad in Corozal. He was killed by a butane truck which was being driven by San Joaquin resident, Yuri Lucas. Lucas has been served with a notice of intended prosecution and was released after police received […]
The village of Roaring Creek has been growing exponentially and has morphed into a vibrant gateway to the capital. Today, the top brass of the police department was in the community for the inauguration of a new police station. Built in a record time, the facility is well equipped to cope with the challenges of […]
Parents of some three hundred and sixty students can breathe a sigh of relief tonight. That’s because, Westrac Limited is providing tuition for one academic year for students of two primary schools in Belize City. The schools are the Unity Presbyterian and the Queen Street Baptist. Families are hurting from the loss of jobs and […]
The Statistical Institute of Belize has released its latest figures for May, which was the second month of .of the corona virus lockdown. According to the S.I.B. higher food and home rental costs balanced out by fuel and LPG prices resulted in no overall change in the consumer price index when compared to the same […]
This morning, the Mental Health Association held its annual general meeting virtually and members, as well as other stakeholders, participated in an online discussion on how to improve outreach to persons dealing with mental health issues amid the COVID-19 pandemic. President Aimee Jex says that the work of the association is in keeping with the […]
The Welcome Resource Center is also an initiative that involves the participation of the Mental Health Association. Jex explains the work of the W.R.C., as well as the need for public assistance in providing clothing and other attire for the homeless. Aimee Jex, President, Mental Health Association “We at the Mental Health Association, we […]
The Belize Camping Experience is turning to the digital platform to keep the anticipated camping experience going. Over a thousand Belize City kids usually participate in summer activities organized by the B.C.E., but because of the COVID-19 pandemic, it has not been able to hold camps. Director Alexander Perez and his team were forced to […]
