Belize - Belize News - Channel5Belize.com - Great Belize Productions - Belize Breaking News
Home » Economy You are currently browsing entries filed in: Economy

SIB Releases 2014 Stats

The Statistical Institute of Belize (SIB) today released the 2014 External Trade and Consumer Price Index stats which show that imports went up while exports went down. At December of [...]

Port of Belize Affected by Negotiation Deadlock

Equally affected by the ongoing logjam is Port of Belize Limited.  The company does significant business with ASR/BSI and is experiencing cash flow issues as a result of the impasse.  [...]

PUC’s Initial Decision on Proposed Water Rate Increase

The Belize Electricity Limited announced earlier this week that it will be reducing electricity rates. But that saving will not be in your pockets for long because the other utility [...]

Chairman John Avery Explains Rate Setting

Avery went on to explain the rationale behind setting a rate that should last for the five-year period.   John Avery, Chairman, P.U.C. “We would not want to set a [...]

Gas Prices Continue to Plummet

Remember back in March of 2009 when fuel prices at the pumps for regular and premium were just above five dollars? Since then the prices for the most part went [...]

Electricity Rates Going Down

There is another bit of good news. The Public Utilities Commission announced today that it has amended the mean electricity rate and previously approved tariffs which are resulting lower costs [...]

SIB Says Inflation Rate Was Lower in November

The month of November has seen a significant decrease in food and fuel prices, lowering inflation to point two percent.  The fall, according to the latest figures from the Statistical [...]

Butane Price Slashed by $5 Countrywide

If you plan on doing any baking or cooking this Christmas Season then you’ll be pleasantly surprised to know that as of midnight the cost per hundred pound cylinder of [...]

Fate of Sugar Crop Season Hangs In the Balance

On Friday, A.S.R./B.S.I. rejected the B.S.C.F.A.’s proposals on the three points which sit on the negotiating table like ten thousand pound gorillas. One is the timeframe of the agreement which [...]

BWC Attorneys Crowfoot City Hall Trucks

Belize City’s Mayor Darrell Bradley has been having his share of financial woes of late, since he is faced with the commitment of taking on one hundred and seventy new [...]

BTIA Holds AGM

The annual general meeting of the Belize Tourism Industry Association took place this morning at the Radisson Hotel in Belize City. While the tourism industry has faced its own share [...]

Osmany Salas is New President of BTIA

The B.T.I.A. also welcomed a new president during today’s AGM.  Osmany Salas has been chosen to succeed Herbert Haylock as head of the private sector tourism organization.  The incoming president [...]

A Closer Look at the KHMH Audit

As we promised you, tonight we take an in-depth look at a special audit of the Karl Heusner Memorial Hospital, requested by the Financial Secretary in the Ministry of Finance. [...]

KHMH Audit Lists Serious Irregularities

Former Director of Financial Services at the K.H.M.H., Carlos Perera, was let go from the K.H.M.H. amid reports of irregularities; the Board of Governors decided not to renew his contract [...]

Still no resolution in dispute between BSCFA and ASR/BSI

The 2014 sugar crop is programmed to begin next week Monday, that’s six days away but there is still no resolution to the dispute between the Belize Sugar Cane Farmers [...]

Cansino says all efforts will be made to avoid taking the matter to the streets

While there is optimism and a willingness by B.S.C.F.A. to compromise, there is also a real possibility that things won’t end favorably, as has been the case in the past [...]

Do you support a demonstration by cane farmers who have been unable to resolve their dispute with ASR/B.S.I.?

And our question for tonight is: Do you support a demonstration by cane farmers who have been unable to resolve their dispute with ASR/B.S.I.? Send your comments and responses using [...]

BTB says things are back on track in the Cruise ship industry

After a shaky start last week, the tourism high season is picking up. Last week, bad weather conditions caused the cancellation of a number of cruise ships triggering huge financial [...]

BTB looks at long term options for Cruise ship docking facilities

Last week’s cancellations caused by weather conditions, highlighted the desperate need for a docking facility.  The Director of Cruise and Regional Operations for B.T.B. says they are looking at the [...]

SIB Says Employment Is Up

The quarterly press conference of the Statistical Institute of Belize was held today in Belize City. It’s a mixed bag of good and bad news. The good news is that [...]

Butane Prices Down

Following an increase at the end of October, the prices for butane gas are going down tonight at depots across the country. According to a release, the Supplies Control Unit [...]

A Market Expo Showcases Ingenuity and Creativity of UB Students

More than twenty booths were set up inside the Ramada Belize City Princess today where marketing students of the University of Belize showcased products and services they developed as part [...]

BTB Concedes…FECTAB Speaks

A press conference was held this morning during which FECTAB officially announced that the forty eight inch regulation which prohibits persons less than four feet in height from enjoying caving [...]

COLA Accuses FSTV of Holding Industry Hostage

Earlier in the newscast, COLA president Geovannie Brackett spoke on the need for a new cruise port for Belize District.  He accuses the Fort Street Tourism Village of acting to [...]

Ministry of Finance Announces Significant Drop in Price of Diesel

The price of oil on the world market continues to drop, as it has been doing for some time. It’s been a source of confusion and consternation with consumers who [...]