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Prime Minister John Briceño introduced the 2023/2024 budget before the House of Representatives today. His speech touched on a range of topics, from the external conditions impacting Belize’s economy, to developments in the financial sector, the impacts of the new budget and his administration’s reform agenda. At the beginning of his one hour and seventeen […]
Written on March 10, 2023 | Posted in
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One of the significant strides made by the Briceño administration in the 2022/2023 fiscal year was the reduction of public debt. Today, Prime Minister Briceño boasted a decrease of more than one billion dollars in public debt since taking office, reducing the deficit from one hundred and thirty-three percent of G.D.P. to one hundred and […]
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Apart from the expenditures already outlined, the Briceño Administration has identified additional priority areas for investments in its 2023 Budget. These include free education, the distribution of eleven thousand parcels of land to first time land owners, the expansion of the National Health Insurance program in Orange Walk District, and the recruitment of additional police, […]
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Comments Off on 2023 Budget Priority: Health, Education, Land & Security
We also heard from the Leader of the Opposition, following Prime Minister Briceño’s Budget Speech. And, it may come as no surprise that Barrow was not impressed with the Prime Minister’s 2023 budget presentation. Barrow reduced the government’s performance report to what he says is simply a natural rebound from the economic contraction caused by […]
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Comments Off on U.D.P. Leader Calls PM’s Budget Speech “Unimpressive”
And, as we told you, Prime Minister Briceño listed a number of high priority areas outlined in the 2023 budget for additional investments. Opposition Leader Shyne Barrow shared some issues he has with the additional investments being made in some of these areas, particularly where NHI and free education are concerned. Shyne Barrow, Opposition […]
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Comments Off on Additional Investment in N.H.I. Carries a “Comedy of Errors” Says Opposition Leader
An administrator has been appointed to the Saint Francis Xavier Credit Union Limited. Today, the media was called to a press conference by the Central Bank of Belize where the Governor, Kareem Michael, in his capacity as the Registrar of Credit Unions, announced that under the Credit Unions Act of 2011, the appointment of an […]
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Comments Off on Critical Deficiencies in Governance at Saint Francis Credit Union
The controversy surrounding the administration and operation of Saint Francis Xavier Credit Union in Corozal played out in the media for several months. During that time, there were protests organized and even physical assaults recorded as a result of the debacle. Registrar Kareem Michael says that the board and management of the credit union were […]
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Comments Off on Martin Marshalleck Appointed as Administrator to Saint Francis Xavier Credit Union
Saint Francis Xavier Credit Union is the second largest credit union in Belize, with over thirty thousand registered members. With an administrator taking over the day-to-day operation of the credit union, what happens to the member owners and their interests? Kareem Michael, Registrar of Credit Unions “The appointment of an administrator to Saint Francis […]
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Comments Off on Registrar: What Happens to Member-Owners & Their Interests?
During today’s budget presentation, Prime Minister John Briceño said that nonperforming loans for domestic banks are at seven percent higher than the max of five percent. This, he said, is due to the pandemic and excessive risk-taking by the financial institutions. During the press conference with the Central Bank of Belize, Governor Kareem Michael spoke […]
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Comments Off on Nonperforming Loans for Domestic Bank Up by 7%
Earlier, you heard about the enhanced supervision that took place at the Saint Francis Xavier Credit Union in Corozal, ahead of an administrator being appointed. It is a last resort taken by the Registrar of Credit Unions in an effort to save the embattled financial institution. A recent report from the International Monetary Fund cites […]
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Comments Off on 2 Banks in Belize under Enhanced Supervision
On Thursday, we told you that Cabinet has agreed to convene a Commission of Inquiry into the sugar industry in an effort to review the sustainability of the industry, as well as its modernization. To clear up questions as to the intended outcome of this exercise, Prime Minister Briceño sought to explain the purpose and […]
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Comments Off on Cabinet Sub Committee Established to Address Impasse Between B.S.I./A.S.R. and B.S.C.F.A.
On Thursday, we told you about the agreement between the Government of Belize and the Joint Unions Negotiation Team for the implementation of a phased approach to the Public Sector Pension Reform. Today, Prime Minister Briceño further elaborated on why the current public sector pension scheme is unsustainable, noting that by the end of the […]
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Comments Off on How Many Years Of Service To Be Exempted from Contributory Public Pension Scheme?
One last report from the Sitting of the House. The meeting came to an end with Leader of the Opposition Shyne Barrow being escorted out of the National Assembly. Valerie Woods, the Speaker of the House of Representatives, requested that the Opposition Leader be removed from the sitting after reportedly saying that Speaker Woods would, […]
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Seidy Quetzal, a Belizean student who recently returned home from studying in Taiwan, is the activist who lobbied for the government to remove all taxes from female sanitary products. Quetzal’s “Don’t Tax My Femininity Campaign” has been in the works since January. She was present at today’s House Meeting where she spoke with reporters. […]
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Comments Off on Seidy Quetzal’s “Don’t Tax My Femininity Campaign’ Celebrated By House of Representatives
He was officially reported missing on Thursday, but was last seen alive by relatives and friends on Sunday, March fifth. This morning, during a search by family and friends, the decomposing body of twenty-one-year-old Freddy Chicas was discovered off the George Price Highway a few hundred yards away from the roadside. News Five’s Duane Moody […]
Written on March 10, 2023 | Posted in
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Comments Off on Missing Man Freddy Chicas Executed off George Price Highway
A man reportedly suffered a bullet wound while handling a loaded gun this afternoon in San Pedro. News Five has learned that the Lebanese/Belizean was in the company of a few friends and was inspecting a gun that is licensed to one of the friends when the weapon accidentally discharged. The man suffered a gunshot […]
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Comments Off on San Pedro Resident Suffers Gunshot to the Abdomen While Inspecting Gun
A daring shootout between a pair of armed thieves and police officers responding to a robbery in progress in Seine Bight Village has raised serious concerns about citizen security on the Placencia peninsula, a prime tourist destination. On Thursday night, both men showed up at a beachfront resort and were in the process of robbing […]
Written on March 10, 2023 | Posted in
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Comments Off on Thieves Exchange Gunfire with Seine Bight Police
Commissioner of Police Chester Williams met with the Vice Minister of Security of Honduras at his office in Belmopan on Thursday to discuss various matters, including bilateral working cooperation, human trafficking, and transnational crimes, among other issues. Doctor Semma Julissa Villanueva pledged to assist the Belize Police Department in a number of areas such as […]
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Comments Off on Honduran Vice Minister of National Security Visits Belize
It’s Women’s Month and today, a group of female police officers stationed across Eastern Division, were recognised by the top brass of the Belize Police Department for their work at the Queen Street Police Station in Belize City. Over five hundred female officers are employed with the Belize Police Department which represents just about twenty-five […]
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Comments Off on Belize Police Department Honour Female Officers and Staff
It’s been nine years since sargassum has been drifting to our shorelines, but based on the amounts that are drifting ashore and the broad stretch of beaches that has already begun to cling to, the impact for 2023 is threatening to be the worst yet. This year, even the southwestern portion of the island where […]
Written on March 10, 2023 | Posted in
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Comments Off on The Sargassum Onslaught Hits San Pedro
News of dredging occurring on the western side of San Pedro has raised public concerns. The story spoke to the concerns about the area which is said to be a spawning area for fish and also about the uncertainty of the environmental clearance for the project. But today News Five’s Marion Ali did some searching […]
Written on March 10, 2023 | Posted in
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Comments Off on The Reason behind the Dredging in San Pedrito, San Pedro
Parents, this question is for you. Has it been a challenge getting your children to eat their veggies? Do you have to sit and watch them chew and swallow their food so they don’t toss it out when you turn your backs? The truth is, eating vegetables is a challenge for both adults and children. […]
Written on March 10, 2023 | Posted in
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Comments Off on How Did a Teacher GetHer Students to Enjoy Eating Their Veggies?
