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Financial Secretary ‘Disappointed’

So, roughly eighty million U.S. dollars in ten days.  It’s perhaps the biggest disbursement that government would have made in respect of the B.T.L. saga within such a limited span.  [...]

P.M. Says It’s Over – Will Pay by Deadline

Prime Minister Barrow, following this morning’s decision, called a press conference this afternoon to address the judgment.  While government will meet its obligations to Dunkeld and B.T.L. Employees Trust in [...]

Did Court Miss Point of Audit Objections?

As we’ve reported, government’s attorneys made it a point before the CCJ that they would not accept the results of independent audits done on behalf of Dunkeld and the Employees [...]

P.M. Counts on Tourism Boost to Overcome Pain

The drawing down on seventy-eight million U.S. dollars from the Central Bank’s reserves at this time of year raises serious concerns.  Will the local economy be adversely impacted by the [...]

P.M. Barrow Concedes Errors in Settlement Agreement But It’s Not All His Fault

The drafting of the settlement agreement between the Prime Minister and Lord Michael Ashcroft, as well as their respective attorneys, has been criticized as poorly put together.  The CCJ bench [...]

Opposition Calls Final Resolution ‘Absolute Disaster’ for Belize

This afternoon, the People’s United Party released a statement of its views on the judgment, which it calls an “absolute disaster” for Belize.  It points out that the timing of [...]

P.M. Proclaims B.T.L. Still Worth It

Notwithstanding the exorbitant cost that the people of Belize have ultimately paid for B.T.L., PM Barrow maintains that it was all worth the money.  That’s a hefty price tag of [...]

Modest Decrease for Regular Fuel; What Happened to Big Cuts?

Prime Minister Dean Barrow promised a significant fuel price reduction at a press conference, but he asked for a couple days grace for it to happen. According to the Prime [...]

Derisking Still an Issue for Caribbean

The loss of correspondent banking, also known as derisking, was a sticking point for Antiguan Minister of Trade, E.P. Chet Greene. His government has taken the lead for the Caribbean [...]

B.T.L. to get borrowing power; Opposition sharply attacks ‘rushing’ bills

Today’s session of the House of Representatives had a loaded agenda. Several bills were returned for second reading, including the Misuse of Drugs (Amendment) Bill decriminalizing possession of small amounts [...]

Telemedia C.E.O. makes big money!

Later, when the bill was brought up for debate on the second reading, Opposition Leader Briceño landed a telling blow when he brought up the extensive salary and benefit package [...]

Ship on the Ocean to Bring Lower Fuel Prices; Trump and U.S. Notwithstanding

The Donald Trump administration has put restrictions on U.S. banks from doing business with the Bolivarian Republic of Venezuela and put the equivalent of ‘kingpin’ designations on President Nicolas Maduro [...]

Chinese Association defends reasons for shutdown of business

At the time of the shutdown, there were many comments about those addicted to fry chicken and Sunday Lottery having to bring forward plans for Sunday, October first, when most [...]

Regular gas price down, but shy of previous levels

The response from the Government of Belize to protests over record gas prices came today with a statement announcing a decrease of eighty-four cents in Belize City for regular gas, [...]

Ex-B.N.T.U. prez says contributory pension scheme coming to Belize

Earlier this week, the Belize National Teachers’ Union launched its documentary on the eleven days of strike they organized at this time last October. And while the Union never put [...]

How Mennonites Are Avoiding High Prices in West

During this morning’s protest on gas prices in Belize City, political leader of the Belize Progressive Party Patrick Rogers alerted us to a novel way that Mennonites in the West [...]

The P.U.P.’s Prescription for Keeping Fuel Prices Down

After reaching some of their highest levels this year, fuel prices are expected to moderate with the coming shipment of petroleum from Venezuela, as part of a restarted Petrocaribe program. [...]

City Council Thinks It Should Not Pay G.S.T.; Audit Says It Owes $5 Mil

Earlier this year, the Auditor General’s annual report for 2012-2013 cited multiple instances of irregularities in several government departments, particularly the Ministries of Works and Education and the Belize Defence [...]

Scotiabank Avoided Problems with Correspondent Banking

The International Monetary Fund in its latest country report noted that Belize remains affected by issues with correspondent banking. The IMF cites the withdrawal of correspondent banking relationships and low [...]

Mortgaged Houses a ‘Legacy’ of Economic Problems

A sign that the economy is sluggish can be seen by a flip of the pages of local newspapers. Weekly, there are long lists of houses and properties on the [...]

Fuel Prices Going Down “Soon, Soon”

As fuel prices skyrocket, the government is sticking to its guns that its share of taxes is not responsible for the steady increases in prices and is promising a reduction [...]

Pain of New Gas Prices Settling In

Fuel prices have increased as many as four times in two months; twice in August and twice in September. The surprise increase sneaked on Friday sent premium prices rocketing at [...]

Premium Fuel Hiked Again; Fourth Increase of Gas Prices in 2 Months

Independence Day in Belmopan was full of invective from both sides of the political spectrum, and there is a major announcement on Petrocaribe to report tonight. But we begin with [...]

P.U.P. Condemns ‘Historic’ Fuel Prices – Says Taxes Should Go Down

At news time, the Opposition People’s United Party has sent a release calling for Government to immediately reduce taxes on fuel, to alleviate the recent increases in fuel prices. The [...]

Meetings Held, But No Resolution on Petrocaribe Stoppage

News Five has confirmed with the local Petrocaribe office that meetings took place this week hoping to hash out a solution to delivering fuel from Venezuela under the Petrocaribe Accord [...]