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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. [...]

FinSec Breaks Down Arbitration Award

As we told you Tuesday night, after years of legal battles, the long anticipated figures for the 2009 nationalization of Belize Telemedia Limited are in and they are staggering. According [...]

PM Barrow Blames P.U.P. for Majority of Award

In case you missed it, Government, for the acquisition of B.T.L., must pay approximately four hundred million to the previous owners of B.T.L., give or take a million or two. [...]

Barrow Says Takeover of B.T.L. Was Worth Every Penny

It’s not quite as simple as that. The settlement agreement, agreed to in 2015 between Prime Minister Barrow and Lord Michael Ashcroft, does indeed stipulate that the Accommodation Agreement portion [...]

G.O.B. Claims Analysis Shows Benefits from B.T.L. Outweigh Costs

To round off his sales pitch, the P.M. then launched into a costs-benefits analysis which he maintains is complete vindication of G.O.B.’s seven years of effort and fighting the good [...]

$200 Million Due in 9 Days – Barrow Says No Problem

Two hundred million in ten days, now actually nine, sounds like a big deal. But it’s not, apparently. In fact, Government says they will have absolutely no difficulty raising the [...]

P.U.P. Says Arbitration Award is the Cost of Barrow’s Arrogance

The Prime Minister appears to be deeply impressed with the four hundred million dollar arbitration award, but the P.U.P. is not. In a release issued late this evening the Party [...]

SIB Releases Latest Statistics

Today was report card day from the Statistical Institute of Belize.  S.I.B. held its quarterly press conference this morning to present the most recent figures pertaining to Belize’s economic performance.  [...]

COLA Steps Up in B.T.L. Arbitration Award

Ahead of the prime minister’s press conference this afternoon, Citizens Organized for Liberty through Action, COLA, held its own media brief to discuss the impact of the B.T.L. arbitration award.  [...]

COLA Attorneys Says Delayed Misappropriation was a Costly Blunder

Attorney Kareem Musa, who describes the entire nationalization as a political blunder, maintains that the former owners of B.T.L. should have been compensated at the time the utility company was [...]

COLA Demands Clarity in S.S.B. Deal with G.O.B.

As we told you earlier, the arbitration award is in and no matter how it’s spun, it’s bad news for G.O.B. – about three hundred and fifty million dollars-worth of [...]

Geovanni Brackett Calls for More Consultation Before Deal is Struck

Brackett today sent out a call to the S.S.B. to halt any transaction with G.O.B. where the shares are concerned, at least until there is much more consultation and much [...]

PUC Approves B.E.L.’s Rate Increase

The Public Utilities Commission announced via press release today that it has concluded a full tariff review for B.E.L. for the period July 2016 to June 2020. The final decision [...]