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New F.I.U. Director Signs M.O.U. with Old Department, Income Tax

The FIU and Income Tax Department signed a Memorandum of Understanding this morning to help domestic cooperation in the fight against money laundering, and countering the financing of terrorism and [...]

F.I.U. Commends Financial Institutions for Compliance, Planning Extended Reach

And while it has only been a matter of days since Kent Clare was appointed the new Director of the FIU, he told the media today that he has hit [...]

F.I.U. Getting Ready for United Nations Convention Against Corruption

And so, where does the FIU fit in following the signing of the United Nations Convention against Corruption on December ninth? In some corners it is believed that with the [...]

Central Bank Claims Foreign Reserves “Healthy”

Last week the Opposition People’s United Party declared Belize’s foreign reserves to be in “crisis” mode following the payment of sixty-seven point three million U.S. dollars as the first of [...]

Western Union in Chetumal? Central Bank Says It’s Not Necessary

Western Union and MoneyGram enjoy much usage in Belize as a means of sending and receiving money quickly and reliably and even cheaper. Of late there have been persistent reports [...]

Kent Clare Named New Director of Financial Intelligence Unit

Before taking up her position as Governor of the Central Bank, former Senator and Ambassador Joy Grant was Director of the Financial Intelligence Unit. Today, the Governor General confirmed the [...]

Central Bank Begins Revolution in Bank with APS3

Faster collection of your pay? Quicker cheque-cashing and depositing? Shorter stay at the bank, or not having to go at all? If you think it’s all a dream, then wake [...]

Belize Still Battling with De-Risking; Does International Community Understand?

Belize continues to stand shoulder to shoulder with its Central American and Caribbean neighbours on tackling the issue of de-risking that is affecting the economies. There has, however, been little [...]

The End of the Cheque?

While early versions have existed since antiquity, the first modern cheque was introduced in 1659. And while it continues to be an important source of handling money, it is rapidly [...]

Junior Finance Minister Dr. Carla Barnett Maintains Belize’s Economy Will Recover

Minister of State for Finance; former Financial Secretary, and former vice-president at the Caribbean Development Bank, Doctor Carla Barnett, addressed reporters on Friday on the current state of the economy. [...]

Instead of Raising Taxes, Government Wants to Collect More Money

Speaking more specifically on raising taxes, Doctor Barnett reiterated that the Government’s efforts are presently aimed at increasing the level of outstanding taxes it collects and closing loopholes in the [...]

Faber Says Some Are Ready to Become Replacement Teachers

While the contingency plans that we previously reported on are not yet ready, Minister Faber says he hopes that it will not get that drastic. But there is already interest [...]

CitCo Opens Books for Annual Municipal Audit

Since Bradley took office in 2012, the council has made it a practice to open up its books for audit. It regularly makes that audit available to the public as [...]

IMF Recommends Higher Taxes and a Cut in the Wage Bill

Last week, the Prime Minister confirmed to the nation on Independence Day that the country is in recession.  Within days of that pronouncement, the IMF issued its latest report on [...]

John Briceño Calls B.T.L. Deal “Worst Ever” by a Government

The People’s United Party has been hammering Government on the B.T.L. deal, stating that Belizeans must find five hundred and fifty seven million dollars for a company worth about one [...]

Billion-dollar B.T.L.? Prime Minister Says It Can Happen by 2030

As we reported on Thursday night in our interview with Prime Minister Dean Barrow following a meeting with the Belize National Teachers Union, he appeared not to be concerned by [...]

P.M. Promises To Fix Superbond Before He Leaves Office

Still on finances….this week we learned that Belize faces greater than ever economic strain, due to the expanding debt issues the country faces. Not the least of these is the [...]

P.M. Plays Down Concerns About Extra Borrowing for B.T.L. Settlement

Tuesday’s hearing at the Caribbean Court of Justice addressed a number of issues with regard to the Settlement Agreement for Belize Telemedia Limited, including the issue of paying back the [...]

Financial Secretary Says International Arbitrations May Head to U.S. Supreme Court

But aside from the B.T.L. arbitration award, there are other outstanding cases before international courts.  Belize stands to lose another significant sum based on the decision of the most powerful [...]

Superbond Step-up is Coming, Warns Financial Secretary

The so-called “Superbond” was restructured in March of 2013, a year after Prime Minister Dean Barrow won a second term mainly on his pledge to do so. It’s now been [...]

Bus fares to go up on October first; operators agree with Government

As we reported on Wednesday, bus fares unexpectedly went up in for commuters travelling westbound on Westline, Guerra’s, B.B.O.C. and J and J. The hike in price was as much [...]

Belize Faces Recession; Economy Contracts for Second Successive Quarter

The Statistical Institute of Belize (S.I.B.) reports a continued slowdown in economic activity for the second consecutive quarter.  The agricultural sector registered a decline and the good news came from [...]

Inflation up Thanks to Higher Fuel and House Rent Prices

Rises in fuel and house rent prices are behind the average rise in the consumer price index, commonly known as inflation. Prices are up one percent from last July and [...]

Trade Contracts, Imports and Exports Both Down

Meanwhile, trade contracted, with imports and exports down sharply. Statistician Tiffany Vasquez says that exports are on the decline for most major agricultural products.   Tiffany Vasquez, Statistician II, Statistical [...]

Business Establishment Survey Finds Business Are Not Making Money

The last Business Establishment Survey conducted by the Statistical Institute of Belize was done ten years ago. This past May some four thousand one hundred businesses were polled about their [...]