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Cruel Fuel Hike Raises Cost of Living; Exports in Sugar and Banana Rebound

According to the latest statistics released by the Statistical Institute of Belize, though food prices are down slightly, Belizeans are feeling the pain of a higher cost of living due [...]

Mexicans Trade Mission in Belize

Today, the Embassy of Mexico and the Mexican trade and investment agency, ProMexico, organized a Commercial Mission to Belize where seven companies from Cancun and Merida brought products and services [...]

Gas Prices Take Another Hike; Taxi Drivers Worried

At the stroke of midnight on Tuesday, fuel prices at the pump went up for a second time in less than a month. As the fiscal year kicked in, on [...]

Central Bank details reasons for liquidation of credit unions

Central Bank Governor Joy Grant has responded to News Five via email following our story of Thursday night. The Bank in its capacity of registrar of credit unions is moving [...]

Central Bank announces Plan to Liquidate four Credit Unions

At the start of April, the Central Bank of Belize announced plans to liquidate four existing credit unions. These are the Police and Civil Service Credit Unions based in Belize [...]

Moody’s gives Belize and Superbond thumbs up

Belize is buckling down to the business of paying off Superbond three point oh with interest payments resuming on a semi-annual basis subject to conditions until 2030 when the first [...]

Government Says G.S.T. Commissioner Has Full Powers

On Wednesday evening, the Government of Belize, through the Ministry of Finance, dismissed any suggestion of manipulation by senior management of the General Sales Tax Department of audits carried out [...]

Greedy Choke Puppy? The Effect of Higher Taxes and Relation to Contrabanding

Despite the Government’s belt-tightening measures, if the allegations being made from within the G.S.T. Department have substance, do they not go against the stated intentions of limiting the pain of [...]

What’s Behind Rising Fish Prices at Easter Time

Ten dollars a pound! If your jaw dropped when you heard that price for retail of whole fish this Holy Week, be assured, ours did too. In fact, unconfirmed reports [...]

Investigate G.S.T. Department, Chamber Asks Government

News Five broke the story last Thursday of internal complaint in the General Sales Tax Department. A senior tax officer alleged influence by the Department’s management in the outcome of [...]

Chamber of Commerce Condemns ‘Bonus’ for Non-Striking Teachers

Monday’s announcement by Deputy Prime Minister and Minister of Education Patrick Faber that Government is using a million dollars to hand out special bonuses for Easter has sent shockwaves through [...]

G.S.T. Scheme Exposed? Senior Auditor Claims Management Interfered with Assessments

Is the Department of General Sales Tax playing fair with taxpayers’ money? That is the question tonight after News Five obtained a letter written to the office of the Solicitor [...]

Chamber Says Tax Regime Must be Fair and Firm

The tax system remains a concern for the Chamber of Commerce and Industry, whose members often pay more than their fair share of taxes. They have long complained that the [...]

Detailing New Prices for Vices

New prices are in effect for beer and stout; soft drinks; rum; cigarettes; fuel and cement following the coming into force of the 2017-2018 Budget. The Government of Belize legislated [...]

No April Fool: Taxes for Vices Go Up on Saturday

All Fools’ Day may be on Saturday, but for those who enjoy beer and cigarettes or pay electricity bills of one hundred dollars and above, our next story will be [...]

Roots Expo to be Held in Western Paradise

The Belize Chamber of Commerce and Industry is putting off its second annual entrepreneurs’ expo, better known as the Belizean Roots Expo. This year, the expo moves from Burrell Boom [...]

SIB Reports: Exports Down in Fourth Quarter; Citrus Boom Not Felt Yet

The Statistical Institute of Belize confirms today that exports are significantly down. In the case of citrus which once placed as the number one export that industry has plummeted to [...]

Fuel Goads Inflation Forward

Fuel prices, as motorists would know, have shot up considerably, jumping almost twenty percent during February 2017.  The most notable increase was in the cost of diesel fuel which went [...]

Business Senator Disappointed by Budget: G.O.B., Public Service Can Do Better

There was a possibility, with an odd number of Senators now seated and any tie-breaker removed from President Lee Mark Chang except in specific circumstances, that the General Revenue and [...]

At Senate, Lizarraga Questions Government Spending for Budget

Just before seven-fifteen this evening, a division was called in the Senate on the 2017-2018 General Revenue and Appropriation Bill. The Bill, also known as the Budget, passed by a [...]

Eamon Courtenay: Budget has Belize “Bouncing Backwards”

As a Senior Counsel, Eamon Courtenay has faced his share of scary situations. So what would cause the Opposition’s top Senator to “faint away,” as he claimed during this morning’s [...]

No Alternative Facts: Courtenay Says G.O.B. Raised Taxes

Close to eighty million dollars has been claimed by the Government in additional tax measures under the new Budget, affecting everything from electricity to fuel to the environment. And while [...]

Aldo Salazar Says Belize is Better Off Compared to Caribbean Neighbours

Responding for the Government, Senator Aldo Salazar made the point that Belize is in the same boat as the rest of the region, where Jamaica passed massive tax increases and [...]

Prime Minister Hails Standard and Poor’s Taking Belize Out of Default

After a marathon two days of discussion and recrimination, Prime Minister Dean Barrow wrapped up the House of Representatives’ debate on the General Revenue and Appropriation Bill just before eleven [...]

P.M. Barrow Talks Record after 10 Years in Government

Belize is hardly alone regionally in economic malaise; many nations in the Caribbean region, whose governments are presently submitting budgets for consideration similar to others, have had similar sluggish economic [...]