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The strike continues at the Port of Belize which means that cargo cannot be unloaded or loaded in the midst of the economic fallout due to the COVID pandemic. The ongoing logjam between the Port of Belize Limited and the Christian Workers Union, amid the termination of thirty-six employees last Wednesday, has seen operations at […]
Written on July 29, 2020 | Posted in
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Comments Off on Will the Port of Belize be Nationalized Too?
That statement was made this morning at a press conference when Prime Minister Barrow announced that government, through the Development Finance Corporation, DFC, is rolling out ten million dollars for on-lending to stakeholders in the tourism industry. Eligible businesses, small, medium and large, can access funds that have been sourced, in part, from the Caribbean […]
Written on July 29, 2020 | Posted in
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Comments Off on DFC Introduces a Special Line of Credit for Tourism Stakeholders
According to Prime Minister Dean Barrow, so as to be able to lend the monies at a six percent interest rate, government has to subsidize one percent or one hundred thousand dollars of the ten million dollars being made available. Prime Minister Dean Barrow “In order to arrive at the six percent interest rate […]
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Comments Off on Government to Subsidize One Percent of DFC Loan Interest Rate
The DFC loans, says General Manager Natalie Goff, are to be used as working capital and part of the company or business’ eligibility requires that thirty percent of staff must be retained. The programme will be rolled out this Monday across the country and while the ten million dollars is not a large amount, the […]
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Comments Off on DFC’s General Manager Breaks Down Loan Programme
The courtroom of Justice Antoinette Moore was crowded today for the mitigation plea of William “Danny” Mason. The families of the convicted men were in court for the second day of mitigation in the trial that has captivated the nation. Pastor Llewellyn Lucas’ sister sat stoically as Mason spoke. He, along with four other men, […]
Written on July 29, 2020 | Posted in
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Comments Off on Final Day of Mitigation Hearing in Murder Trial of Mason Five
Back in December 2019, when the five men were found guilty of the beheading of Pastor Llewellyn Lucas, it was indicated that an appeal would be filed. Norman Rodriguez, attorney for Ashton Vanegas, told the media today that he awaits instructions from his client on how to proceed. Norman Rodriguez, Attorney for Ashton Vanegas […]
Written on July 29, 2020 | Posted in
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Comments Off on Will the Decision of the Court be Appealed?
Back to the PM’s press conference, the last general elections were held in November 2015, and all indications so far are that the anticipated elections vote will not take place before November of this year. That’s because, according to PM Barrow, government is very much occupied with its COVID response which includes charting the way […]
Written on July 29, 2020 | Posted in
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Comments Off on General Elections Before November? Not Likely
But the government coffers are not full and since introducing an initiative to raise thirty million U.S. dollars through treasury notes in early June, the Central Bank of Belize has raised a little over twenty million dollars. It is two-thirds of what is being sought locally so as to infuse much needed foreign exchange back […]
Written on July 29, 2020 | Posted in
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Comments Off on T-Notes Stall at US$20M, Despite Interest from Taiwanese Government
Prime Minister Dean Barrow also weighed in on the row between the Public Utilities Commission and Belize Electricity Limited regarding a power purchase agreement that B.E.L. has been ordered to sign with Santander Sugar Energy Limited. While B.E.L. has indicated that it would rather enter into negotiations regarding the terms of agreement with Santander, P.U.C. […]
Written on July 29, 2020 | Posted in
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Comments Off on PM Barrow Comments on P.U.C./B.E.L. Logjam
A ten million U.S.-dollar loan motion was today approved by the Senate. The loan is from the OPEC Fund for International Development to provide financial support on concessionary terms to developing countries. The government has earmarked the monies for the continued food security for the poor and vulnerable population in Belize, under its ongoing Food […]
Written on July 29, 2020 | Posted in
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Comments Off on Senators Debate US$10 Million Loan from OPEC
Responding to the criticisms and concerns was U.D.P. Senator Michael Peyrefitte. Peyrefitte told the senators that they failed to focus on the loan motion. Michael Peyrefitte, U.D.P. Senator “Mister President I wonder if some of the senators who got up to speak knw what this motion is about. This is a loan motion for […]
Written on July 29, 2020 | Posted in
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Comments Off on Michael Peyrefitte Takes On the Critics
On the economic front, consumer prices were up by zero point two percent in June 2020, according to the latest bulletin published by the Statistic Institute of Belize. For the second consecutive month, food and non-alcoholic beverage category recorded a notable rise in prices, with an increase of one point four percent when compared to […]
Written on July 29, 2020 | Posted in
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Comments Off on SIB Releases Recent Economic Stats
The Ladyville community continues to reel over the murder of businessman Orin Velasquez. His life was taken for about two hundred dollars by robbers who shot and killed him inside his business ‘Breda O’s Pizza’ in Ladyville on Monday night. Since then, there has been an outpouring of support as Velasquez was a well-known and […]
Written on July 29, 2020 | Posted in
Crime,
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Comments Off on Hundreds Attend Vigil for ‘Breda O’ in Ladyville
If you’re a tour operator or hotelier and you’re thinking about buying a vehicle as part of your reopening preparations, you may want to consider purchasing a tour van. That’s because government has agreed to waive the import duty on that particular mode of transportation only. It is part of the incentive being offered to […]
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Comments Off on Import Duty to be Waived on Vans for Tourism Stakeholders
The government, via the Lotteries Tender Panel, awarded Brads Gaming Group Limited a license to continue to administer the lottery for an additional ten years. The People’s United Party has criticized the decision, saying that, “Brad’s management of the Boledo/Lottery enterprise in past years has been the subject of widespread criticism along with allegations of […]
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Comments Off on P.U.P. Senators Criticize Brads’ Multimillion Dollars Contract
Also brought before the Senate today was a supplementary budget for the current financial year. The motion appropriated several hundreds of thousands of dollars for different projects and initiatives including more than seven hundred thousand dollars for the Caracol Road project and one million dollars for Belize Telemedia Limited for its DigiLearn project. There are […]
Written on July 29, 2020 | Posted in
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Comments Off on More Monies for Carocal Road, DigiLearn and Passports
Preparations are ongoing by the Ministry of Education to have schools ready for the August tenth reopening, but there are numerous concerns also being raised by parents and other education stakeholders about the COVID-19 pandemic since the reopening of schools takes place just prior to the reopening of the P.G.I.A. Some argue vehemently that with […]
Written on July 29, 2020 | Posted in
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Comments Off on PM Says Schools are Reopening as Scheduled
Residents of Orange Walk acted swiftly today to make a citizen’s arrest. They held down a Ladyville resident and promptly handed him over to the police. The reports are that the man, seen in this photograph, had attempted a robbery but was caught and is in custody.
Written on July 29, 2020 | Posted in
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Comments Off on A Citizen’s Arrest in Orange Walk
The Commandant of the Belize Coast Guard, Captain Elton Bennett, is heading to the United Kingston for further studies. Bennett will be on leave for a year beginning in August to pursue studies at the Royal College of Defence Studies. The year-long strategic studies will advance his capacity in matters of national security. Commander Gregory […]
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Comments Off on The Coastguard Appoints its First Female Vice Commandant
The Belize Postal Service released its latest definitive stamp issue today. This issue will replace the old definitive issue which dates back to 2005. It features colourful birds found across Belize and the stamps range from five cent to ten dollars. News Five attended today’s launch. Here’s the story with Andrea Polanco. Andrea Polanco, […]
Written on July 29, 2020 | Posted in
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Comments Off on Resident Birds of Belize – a New Definitive Stamp Issue
