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I.D.B. talks business development with Chamber of Commerce

The Inter-American Development Bank, the primary source of multilateral financing in Latin America, is partnering with the Belize Chamber of Commerce and Industry to provide solutions to development challenges within [...]

Will Bank lend directly to businesses?

The IDB is also making loan facilities available to local businesses, presumably at favorable and equally competitive terms as other lending institutions.  While the proposal is fresh on the table, [...]

Vendors say Festival of Hope will shut them out

B.T.L. Park vendors are up in arms with the City Council. They say that the City Council went over their heads and made an agreement about the use of the [...]

Vendors can’t catch ear of CitCo

You heard Reneau say that they were never consulted and now they are being asked not to conduct business. The vendors are not happy about the situation and they have [...]

Interest high in Plant World Nursery

The Citrus Growers Association says it is finding greater than expected success in spinning off the Plant World Nursery, located off the Southern Highway in Red Bank village, into its [...]

B.S.I. hails successful season, prepares for coming quota storm

‘King Sugar’ is especially sweet this year in the Corozal and Orange Walk Districts. The Tower Hill Factory produced a record-breaking one hundred and forty-four thousand tons of sugar, passing [...]

Producers ask Cane Farmers’ Association to hold off on changes to agreement

The Corozal Sugar Cane Producers’ Union and Progressive Cane Farmers Association based in Orange Walk have agreed with Belize Sugar Industries and American Sugar Refining to continue with the commercial [...]

The reality of the employment situation

At least nine percent of the population is jobless. The latest figures released by the Statistical Institute of Belize also show that as of April 2017, almost two thousand persons [...]

Premium gas goes up again

Effective today, drivers saw another increase at the fuel pumps, this time for premium gasoline. It had gone untouched when the last increase came in for regular gasoline which is [...]

Central Bank builds cheque processing system to supplement national payment

The Central Bank of Belize launched today a new Automated Cheque Processing, which paves the way for the electronic processing of cheques. It means that clearing time will be reduced [...]

House Meets; P.U.P. Questions Make Up of Economic Development Council

The House of Representatives met in its final session before the mandated summer break and there was a lot to discuss. We’ll have all the highlights, but first, to the [...]

P.M. Gives EDC Members Credit for Legislation

Accusing the Leader of the Opposition in particular and the Opposition generally of ignorance of the role of the Council, Prime Minister Dean Barrow gave them credit for several of [...]

Can Education Gap in Labour Force Be Cured?

As we reported on Wednesday, unemployment ticked up to nine percent year to year according to the Statistical Institute of Belize’s Labour Force Survey done twice annually. Additionally, just under [...]

The Pitfalls of Living at Minimum Wage

Five years ago, the minimum wage for working Belizeans was raised to three dollars and thirty cents. In that time, the cost of living has increased hundredfold, exacerbated by high [...]

Trade License Fees to be Standardized

The mayor also announced today that the City Council will be introducing a new trade license regime in the coming days.  According to Mayor Darrell Bradley, the new system will [...]

Losses Can Be Made Up

It is estimated that the municipal government stands to collect one million dollars less; monies which Mayor Bradley says will be realized through other means.  One option to regain those [...]

A New Way to Finance Green Small Businesses

The majority of businesses are micro, small and medium enterprises, known as MSME’s. These businesses help drive the engine of an economy and provide jobs especially at the start-up level. [...]

S.I.B. Tracks More Economic Activity, But Also More Unemployment

Prices for goods and services shot up considerably in May of this year when compared to the same period last year. Consumers were hard hit on the pocket due to [...]

P.M. Maintains It’s No to IMF Prescriptions

Prime Minister Dean Barrow has emphatically rejected the recommendation of the International Monetary Fund to increase the General Sales Tax to fifteen percent.  That proposal from the UN financial agency [...]

Belize Will Go its Own Way

The annual assessment by the IMF seeks to forestall future financial problems that member countries may face; however, its conditions have been broadly debated.  It is argued that the IMF’s [...]

B.E.L. Announces Modest Earnings for 2016-17

The Annual General Meeting of Belize Electricity Limited took place on Wednesday night and the news is that the company continues to perform well for shareholders.  With electricity rates largely [...]

Regular Gas Going Up at Midnight

There are changes to gasoline fuel prices to report tonight, and they are a mixed bag. Regular fuel is going up to ten dollars and eighteen cents in Belize City [...]

Ministry of Health and Customs working out plans for pharmaceutical importation

The Ministry of Health recently announced that it will take over all processing for importation of pharmaceuticals into Belize. Considering past problems involving the drug inspectorate it seems a strange [...]

I.M.F. Says More Must Be Done for Belize’s Economy

The International Monetary Fund has concluded its annual Article Four consultative visit to Belize, held from June sixth to fifteenth. It has issued its preliminary findings, which speak of a [...]

US $95 Million More for Dunkeld? G.O.B. Says No Way

There is another round of costly litigation coming our way, and once again it has to do with Belize Telemedia Limited.  The Government of Belize paid half of the settlement [...]