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BSI Invests Another $40 Million in Value Added Production

The Belize Sugar Industries has announced that it will invest an additional forty million dollars over the next eighteen months to improve efficiency and further increase value-added production to the [...]

DYS Trains Women in Cosmetology

The Department of Youth Services has a six-week cosmetology training taking place at the Yabra Community Center. The training will see the ladies get a level one certificate which they [...]

Chamber to P.M., “The seemingly ‘insoluble’ is rather very much ‘soluble’.”

The Chamber of Commerce and Industry admonished the Government back in June for the exceedingly high fuel taxes. Prime Minister Barrow later responded saying that taxes weren’t going down. In [...]

Colombian Consultant Shares Best Practices to Grow Belizean Businesses

A consultant from Presidential Agency for International Cooperation of Colombia began a two-day workshop in Belize on how to grow businesses. Yeison Laiton of the Entrepreneurship and Business Development for [...]

Entrepreneurship Workshop to Foster Economic Development in Toledo

While day-one is focusing on creating a network between counterpart agencies in both countries, day-two will see Laiton travel south to Punta Gorda. Toledo is the poorest district in Belize [...]

An Update on Choice Bank’s Crippling Afflictions

Late this evening, the Central Bank of Belize issued a statement with updates to the predicament that Choice Bank finds itself in. According to the Central Bank of Belize, liquidator [...]

Opposition Leader Says G.O.B. Can Afford to Reduce Fuel Tax

The price of premium gasoline decreased by eleven cents at midnight on Tuesday; it now sells for eleven dollars and sixty cents per gallon. It is a small reduction for [...]

John Briceño says Government Needs to Invest More

In June, the government said that if it reduces fuel tax by two dollars per gallon, it would mean a seventy million dollars hole in government revenue.  That reduction would [...]

Price for Regular Gasoline Sees a Nominal Decrease; Consumers are not Happy

The price for regular fuel decreased at midnight, but some motorists are not too happy with the reduction of thirteen cents.  Regular gas still sells above the ten dollars mark, [...]

CITCO Says Half-Price for Cab Operators

The Belize City Council says it can afford to slash taxi operators’ fee by half because the traffic department’s revenue has gone up by thirty-percent. According to Councilor Allan Pollard, [...]

PUC Talks Mean Electricity Rate Increase

Brace up because beginning on Sunday, your light bill is going up for the next two years. This follows a decision taken on Tuesday by the Public Utilities Commission as [...]

PUC Outlines Expert Findings

When B.E.L. objected to an initial decision by the commission, an independent expert was appointed to review that conclusion and make recommendations to determine regulated values, tariffs, fees and charges [...]

Choice Bank’s Licensed Revoked

There are new developments tonight in respect of Choice Bank following an announcement on Thursday that the institution would be allowing its customers to withdraw funds in three tranches leading [...]

Central Bank appoints a liquidator for Choice Bank

The problems of the bank started months ago when it started experiencing a liquidity crisis and was forced to suspend all withdrawals from deposit accounts.  By May, the central bank [...]

FinSec Joseph Waight Says G.O.B. Will Not Reduce Fuel Tax

The price of fuel has been fluctuating in the last few weeks with the latest adjustment to diesel, a decreased of twenty-two cents and is now retailing for ten dollars [...]

Government to Meet with Chambers over Fuel Tax Regime

G.O.B. has refused to reduce fuel tax. Entities such the Belize Chamber of Commerce and Industry have called on the government to re-strategize and review its fuel tax regime. Last [...]

$400 Million Owed for Petrocaribe

Petrocaribe is rolling no more. Belize is among eight countries affected by Venezuela’s PDVSA which has said that it is suspending its petroleum deliveries. Reports emerging from Venezuela suggest that [...]

New Developments on Embattled Choice Bank Limited

There are new developments in respect of the embattled Choice Bank Limited.  In a first statement issued today, the financial institution informed its depositors that as of July second, they [...]

The Cost of Living – SIB Presents Latest Report

Latest statistics show a mixed bag in the cost of living. Prices for goods and services went up slightly in May of this year when compared to the same period [...]

Unemployment Rate Goes Up

Preliminary findings from the April 2018 labour force survey carried out by S.I.B. shows that the country’s unemployment rate increased  by a marginal zero point four percent, so when compared [...]

Diesel Takes a Dip at the Pumps

The price for diesel decreased by twenty-two cents per gallon at the pump in Belize City and is selling at ten dollars and seventy-five cents.  A release from the government [...]

PM Tells Chamber No Can Do on Lowering High Fuel Taxes

Prime Minister Dean Barrow has written a terse letter to the Chamber of Commerce in response to their concerns on the crippling fuel prices. He tells them that there is [...]

PM Barrow Addresses Increases in Fuel Prices

Two weeks ago, in a press release G.O.B. promised that the prohibitively high fuel prices would go down at the next shipment. Well, that has shipment arrived. But over the [...]

Fuel Prices Increasing Yet Again

There are back to back changes to fuel prices announced within days of each other. The latest is a slight increase in the price of premium which goes from eleven [...]

Petrocaribe Program Comes to an End, Belize’s Agreement with Venezuela Remains Intact

A report in the Antigua Observer is causing shivers in some parts of the Caribbean.  The report states that the island has received word that the largesse of the Petrocaribe [...]