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Atlantic Bank International Booted by Bank of America

Even in the face of improved compliance to banking regulations set out by the Caribbean Financial Action Task Force, Atlantic International Bank Limited is the latest financial institution locally to [...]

SIB Releases Latest Statistics

The Consumer Price Index for the month of June has been released by the Statistical Institute of Belize.  Recent figures indicate that plummeting fuel and international airfares have reduced consumer [...]

IMF Releases Statement on Belize’s Economic Outlook

Today, when he appeared on Open Your Eyes, Marvin Mora also spoke on the issue of Belize’s spiraling debts. He said that the unions met with the IMF not too [...]

Fin Sec Says Petrocaribe Money Being Spent Wisely

It’s likely that nobody will be complaining much about Petrocaribe rolling onto the Jaguars’ football pitch. The fact is that G.O.B. has been conspicuously absent in the national team’s journey [...]

More Money Missing at Treasury Department

In April 2015 four persons were arrested for their involvement in a Treasury Department scam which allegedly netted them more than half-a-million dollars. Preliminary investigations indicated that money due as [...]

A Bumper Sugar Crop

The 2015 sugar cane crop, which started very late in January, will close next week Tuesday, July seventh at six pm. The opening was delayed by hostile negotiations between the [...]

FIU Director Speaks on Anti-Money Laundering Progress…

Belize has come under intense scrutiny from agencies within the region for failure to meet international standards in the fight against money laundering and terrorist financing.  The Caribbean Financial Action [...]

…Says FIU Has Undergone Internal Strengthening

Those shortcomings, according to Eusey, were quite a few, beginning with laws and amendments that were both antiquated.  The move, he says, has been to successfully bolster the autonomy of [...]

Fisherfolk Honored

On June twenty-ninth International Fishermen’s Day will be celebrated in Belize, as well as the wider Caribbean region. The Fisheries Department and several other organizations concerned with fisheries will be [...]

SIB Releases Latest Statistics

The May figures in respect of the cost of living have been released by the Statistical Institute of Belize. SIB says the prices remain almost one percent lower than in [...]

B.E.L.’s Earnings Doubled in 2014

The Belize Electricity Limited held its annual general meeting on Thursday night. Two major announcements were made at the closed-door meeting of the government-controlled utility company held at the Radisson. [...]

Butane Prices Down

As of midnight tonight, there will be a drop in the cost of butane gasoline. The government, in a press release from the Supplies Control Unit, announced today that effective [...]

Moody’s Investors Service Says Belize’s Debt is Unsustainable

Earlier this month, BMI Research, a leader in financial information services, made public the results of a research into Belize’s existing economic state of affairs.  That forecast was dismal, as [...]

Teachers & Public Officers to get 8% Increase in Salaries

Just before six o’clock this evening the government announced that public officers and teachers will receive an eight percent salary increase. The package according to the government release represents about [...]

Chamber of Commerce Slams Patrick Faber’s Petrocaribe Beach Bash

The use of Petrocaribe funds remains a controversial issue.  Sunday’s jaunt to Corozal Bay, organized by Collet Area Representative Patrick Faber, using Petrocaribe monies to pay for twenty-one buses to [...]

What About Government’s Proposed Petrocaribe Amendments?

Likewise, Lizarraga shared the private sector organization’s position on the proposed amendments to the Petrocaribe Loans Act.   Senator Mark Lizarraga, Representative, Private Sector “The chamber of commerce met, the [...]

Belize’s Fiscal Future Limited

Diminished petroleum revenues and increased public spending is expected to result in only limited fiscal strengthening in Belize in the months ahead, despite rising non-oil government inflows.  Consequently, the country’s [...]

CARILED Introduces Ease of Business in Belize City

The Belize City Council today held a press conference at City Hall today to basically give a report card on where the country currently stands in respect of CARILED funded [...]

Breaking Down Barriers of Doing Business in Belize. Is it Cultural or Institutional?

Belize, according to a recent CDB survey, is nationally ranked at one hundred and nineteen when it comes to the ease of doing business. The barriers of doing business easily [...]

GOB Clarifies PetroCaribe Salary Scandal

Were Petrocaribe monies used to fund salaries for government employees, and in secret? Well that’s the assertion which rang out on the airwaves this morning. According to documents leaked from [...]

Use of PetroCaribe Funds Without Accountability Is Unlawful, Says Julius Espat

On the opposition side, P.U.P. Deputy Leader and Chairman of the Public Accounts Committee, Julius Espat, is suing the government over the Petrocaribe Loans Act; this afternoon he chimed in [...]

PetroCaribe Funds Are Being Used Contrary to Finance and Audit Reform Act

E arlier this evening, Espat consulted with his legal advisors after reading the release issued by government clarifying the uses of Petrocaribe financing.  This is in light of a lawsuit [...]

S.I.B. Releases Quarterly Stats for G.D.P.

The Statistical Institute of Belize released the latest figures for the GDP, external trade and consumer price index. The first quarter records a growth of seven percent that is due [...]

Men Detained for Burning Canefields Will Be Charged

On Monday two men were detained by Police on suspicion of burning canefields owned by ASR in the San Lorenzo area of Orange Walk Town. The detention is politically charged, [...]

Ramon Cervantes Denies Involvement

As we said, the situation is politically charged because of the personalities involved, and also because when Alpuche Junior was detained he was driving a vehicle which belongs to Cervantes. [...]