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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 [...]

Businesses Keeping Staff Small According to Survey

The two-stage survey also looked at the distribution of employment among the businesses surveyed. The most recent rate of unemployment is about eight percent and has been trending down for [...]

Put Hurricane Relief Funds into Productive Sector, B.P.P. Tells Government

The Government has collected millions of dollars in hurricane relief funds since the passage of Hurricane Earl. Much of it will go to rebuilding efforts for the hardest-hit communities. But [...]

Salary Adjustments for Public Officers and Teachers on the Backburner

Despite the unexpected power challenges raised by the passage of the indomitable Earl, News Five has been continuing its comprehensive coverage of the storm and its impacts in the short [...]

IMF Recommendations a Real Possibility Given Belize’s Economic State

And here’s another impact you may not have been expecting, and one which certainly won’t sit well on top of the expenses brought by Earl. Remember that letter from the [...]

Impact of Earl on Central Bank Reserves

Waight isn’t generally a politician and so, most times, can be trusted to tell it as it is. The Prime Minister, a consummate politician, sings a more pleasant tune. But [...]

Belizeans to Get Help from NEMO, Not U.D.P. Area Rep

So with all that said, the government will step in, right? Belizeans remember in late 2015 when a tropical depression flooded the south side and brought U.D.P. politicians with relief [...]

Senator Carla Barnett on Accessing Aid Relief from International Partners

Barnett explained the process and plan which will be immediately implemented to ensure that Belize has the ability to access aid relief from our international partners.   Carla Barnett, Senator [...]

Central Bank Governor to Demit Office in September

The tenure of Glenford Ysaguirre as Governor of the Central Bank of Belize comes to an end in September when his contract expires.  Ysaguirre, who assumed the post in 2008, [...]

Business Senator Analyzes Glen Ysaguirre’s Letter to Fin. Sec. Joe Waight

The dismal state of Belize’s economy remains an area of grave concern for the business community, particularly in light of a recent letter by outgoing governor Glen Ysaguirre to Financial [...]

Senator Says Government is Yet to Talk About Adjustments

The issue of foreign exchange was also highlighted by Central Bank Governor Glenford Ysaguirre. He warned that domestic adjustments are needed to further protect the exchange peg rate.  Lizarraga says [...]

B.T.L. Settlement Back in Court

Following incessant and expensive litigation over B.T.L. since 2009, the PM declared the half a billion plus final payment for the utility company a vindication and a victory for the [...]

PM Barrow Explains Letter from Central Bank

That seventy U.S. million dollars in litigation has caused Central Bank to issue a dire warning to the Government of Belize, claiming that such a payout would destroy what is [...]

Barrow Says There’s No Reason to Panic

The letter from the Central Bank seemed a dire forecast, even with the Ashcroft-request payment aside. There is talk of the economy contracting two percent in the first quarter of [...]

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 [...]