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Government is Headed to CCJ for Interpretation of B.T.L. Arbitration Award

Just when you thought that the B.T.L. acquisition fiasco had been settled, the Ashcroft Group and the Government of Belize are headed back to the courts for an interpretation of [...]

B.S.C.F.A. Says Farmers Shouldn’t Absorb Cost of Spoiled Molasses

Up north, there is trouble in the sugar belt. Will sugar cane farmers in the north bear the brunt of financial losses from spoiled molasses?  Caneros are tonight incensed over [...]

National Trade Policy Framework is Launched in Belize

Today the Ministry of Economic Development and stakeholders launched the National Trade Police Framework. That structure signifies approval by Cabinet to implement a comprehensive review to find common and fertile [...]

P.U.P. on B.T.L. Arbitration Award

The B.T.L. arbitration award, as well as the economic impact of having to dole out hundreds of millions of dollars to compensate for the nationalization of the utility company, remains [...]

John Briceño Breaks Down B.T.L.’s Acquisition Cost

Briceño, during the press conference, also broke down the arbitration award into annual payments, calculating the figure retroactively to the 2009 nationalization of the utility company.   John Briceño, P.U.P. [...]

Chairman Says Belize Bank is Recovering from Derisking Woes

For the past two years, correspondent banks in the U.S and Europe have been cutting relations with banks across the Caribbean. Since 2015, the U.S. has been putting the squeeze [...]

G.O.B. Comes Up With First Payment to Ashcroft Group

Has the Government of Belize made the huge first payment in the approximately four-hundred-million-dollar bill outstanding in the Arbitration Award for the B.T.L. nationalization? Today was the deadline as set [...]

Chamber of Commerce Condemns Delay in B.T.L. Settlement

Another issue of national importance is the recent B.T.L. Arbitration Award. The Chamber of Commerce came forward to offer impartial comment on the cost of nationalizing Belize Telemedia Limited.  Prior [...]

B.C.C.I. Cautions G.O.B. against Raising Taxes

According to President Nikita Usher, though, the arbitration award is a done deal so the real commentary must be on the way forward, and how Government will address very critical [...]

Will S.S.B. Be Used to Finance B.T.L. Arbitration Award Payout?

Tonight, there are indications that government is scurrying to come up with the first payment to the Ashcroft Group of Companies, due Tuesday. We can confirm that G.O.B. has withdrawn [...]

COLA Remains on the B.T.L./S.S.B. Offensive

Last Wednesday, Prime Minister Barrow held a press conference to explain the Belize Telemedia Limited arbitration award, as well as government’s interest in selling its shares of B.T.L. and Belize [...]

Patrick Rogers Says Nationalization of B.T.L. was Grossly Mishandled

According to Rogers, the final cost of acquiring B.T.L. is considerably more than what the previous government had agreed to when it signed on to an accommodation agreement with the [...]

Central Bank Loses Citibank to Derisking

For the past couple months, the issue of de-risking has been placed on the backburner as other pressing national issues, including the Sarstoon and the B.T.L. arbitration award, have taken [...]

PUP Says the UDP is Fostering a Perfect Economic Storm

Apart from claiming that the half-a billion dollar payout for B.T.L. is a deal and a victory, the Prime Minister has gone on record to say that they will not [...]

How Will Brexit Affect the Caribbean?

British withdrawal from the European Union, widely referred to as Brexit, follows the United Kingdom European Union membership referendum.  It is a non-binding vote that took place last Thursday in [...]

Beckles Says Brexit Will Have Adverse Effects on the Region

Those in favor of leaving the E.U. say that it would allow the U.K. to better control immigration, thereby reducing pressure on public services, housing and jobs.  It would also [...]

P.U.P. Says B.T.L. Isn’t Worth a Fraction of Cost to Taxpayers

Following Prime Minister Dean Barrow’s presentation and spin of the Arbitration Award for B.T.L. on Wednesday, the Opposition issued a release entitled the Cost of Barrow’s Arrogance. Government will be [...]

PM Barrow Says $97 Million BCB Settlement is B.T.L.’s Liability

And while he claims things are going downhill at the utility company, Briceño says it’s going to get much worse since apparently B.T.L. will be made to take on the [...]

G.O.B. Explains Source of First $200 Million Due in 8 Days

In our previous newscast, we brought you the basics of the Arbitration Award presented by Government – as a victory and as vindication. To recap – the total award, including [...]

P.U.P. Deputy Says Cost of B.T.L. Won’t Benefit Belizeans

The assertion by government that payment of at least the first two hundred million due in days will be pretty much a piece of cake is no consolation to P.U.P. [...]

Was 7 Years of Litigation Necessary?

B.T.L. was appropriated in 2009, and the approximately two hundred million dollars in interest alone is the result of there being no settlement of the matter until the arbitration panel’s [...]

P.U.P. Leader Says Matter Could Have Been Settled Long Ago

Briceño disagrees, vehemently, stating that only the previous owners and the Barrows have benefitted from the appropriation of B.T.L. and from the PM dragging the matter out for seven long [...]

G.O.B. Explains Access to Funds for Projects to Benefit Belizeans

Back to the issue of the arbitration award for the nationalization of B.T.L….During his presentation on Wednesday, the P.M. claimed victory, particularly because of his own remixed accommodation agreement with [...]

P.U.P. Says Funds Will Belong to Ashcroft, not to G.O.B.

But is it a cross between an outright lie and a crude attempt to put lipstick on the proverbial muddy pig? P.U.P. Leader John Briceño says the PM is speaking [...]

Briceño Defends Moral Authority to Discuss Arbitration Award

Does P.U.P. Leader John Briceño have the moral authority to speak about the arbitration award? That was the question put to him by a reporter today at the press conference. [...]