Belize - Belize News - - Great Belize Productions - Belize Breaking News
Home » Economy You are currently browsing entries filed in: Economy

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 [...]

Government Explains Why Fuel Prices Won’t Be Going Down Anytime Soon

And while on the issue of fuel, the Ministry of Finance says it will not be possible, at least not soon, to consider a decrease in taxes connected to fuel [...]

Diesel Price Hiked, but G.O.B. Says Decreases Are on the Way

An eighth price hike since the start of the year is coming, but only for diesel oil as confirmed by the Government of Belize this evening.  As of midnight, diesel [...]

What Can Be Done About Fuel Prices?

Earlier in the newscast, you hear the P.U.P. leader speak on a number of pressing national issues as well as party matters. But John Briceño opened his press conference today [...]

Prices Down, So Are Exports, but More Coffee Machines Imported

The latest economic report is a mix of news, good and not so good. Though as we reported on Wednesday night, fuel prices have gone up seven times since the [...]

An Investigation into High Fuel Prices

Belizeans have endured seven price hikes in transport fuels since the start of the year and the government has warned that more may come as the world price market fluctuates. [...]

PAC Report Coming, Doesn’t Look Good

The Public Accounts Committee of the House of Representatives has been making moves after a stuttering start due to several meetings being canceled. A report on the most recent Auditor [...]

Chamber Attacks Fuel Taxes

Fuel prices went up again on Thursday for the umpteenth time this year, and the third in a month, with premium now selling at eleven dollars and sixty-seven cents per [...]

How to Get a Good Job and Career

Want a job? There were at least seven hundred and fifty available at different levels of experience and pay scale today at Swift Hall on the compound of St. Martin [...]

Cruel Hike in Gas Prices Coming Tonight

For a third time this month gas prices are seeing yet another increase at the fuel pumps.  Premium gasoline has gone up by thirty-one cents, from eleven dollars and thirty-six [...]

Choice Bank Partners Pull Out; Central Bank Steps In

Tonight there is grim news in the offshore industry. Indications are that Choice Bank, an offshore bank operating from Belize City, is winding down due to a cash flow crisis [...]

What’s Behind Fuel Price Hikes

The prices of fuel at the gas pumps are up yet again.  Those increases come almost two weeks after the last hike and will see the cost of premium gasoline [...]

Correspondent Banking Bogey Bedevils Petrocaribe Relations

News Five understands that the persistent issue of correspondent banking was also a factor in government’s decision to source fuel from the U.S. Gulf Coast.  Admittedly, G.O.B. has also been [...]

Free Ride on Cable is Over

Your cable bill is going up as of June first, and the recent push by international content providers to regulate signal piracy is the primary reason why. A few weeks [...]

Gov’t Warns of Oil Situation; Regular and Diesel Hiked

Barely two weeks after the last change, there are further changes to report tonight in relation to fuel prices, which take effect at midnight on Wednesday. Premium gasoline moves down [...]

Jamaica, Buoyed by Refinery, Lower Gas Prices

There’s news about a reduction in gas prices tonight, but don’t jump up and down – because it’s not in Belize. The Jamaica Gleaner reports that prices in that island [...]

Light Bill Going Up!

At the beginning of April, just after the Easter break, we told you about a request made by Belize Electricity Limited to take up electricity rates. At the time, B.E.L. [...]

Exports and Prices Take Tumble in First Quarter

External trade has contracted in the first quarter of 2018, according to the Statistical Institute of Belize. Belize sold nearly twenty-five million dollars less goods for January to March of [...]

Gas Hike in Effect for Third Time This Year

Gas is going up again! For the third time this year, there are increases to report at the pumps – and an erroneous release from the Bureau of Standards actually [...]

Slight Reduction for Diesel and Uptick for Regular Gas this Weekend

Tonight we can report some relief in the price of diesel fuel for the coming weekend. As of Saturday morning, prices for diesel in Belize City go down to ten [...]

Butane Gas Going Up by $10

There is no reprieve for consumers as prices for essential goods keep going up. Fuel went up just before the Easter and your light bill is likely to go up [...]