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International Energy Resources Ltd. and Kuylen’s Gas Service send out press release on LPG

The debate on butane prices continues. As you know, government enacted fixed prices on the commodity on November fifteenth to prevent predatory pricing; the move has triggered further discussions from [...]

BDF Salaries to be Adjusted, Despite Delays

A salary adjustment for members of the Belize Defense Force has been long in the making, bringing up to par the wages of all three arms of the national security [...]

GOB Seeking to Recover Excess Monies Paid to BDF Soldiers

While some officers benefited from the initial payout resulting from the salary adjustment, many of them were overpaid and government is now seeking to recover the extras.   Isani Cayetano [...]

Is Belize in the Throes of a Recession?

News of an economic downturn caused tremors in the private sector today.  Despite government borrowing and spending, for the second and third quarter of the year, there has been a [...]

Residents Say They Are Feeling the Pinch in their Pockets

As we reported, a contraction in economic activity in the previous two quarters is spelling bad news.  As the private sector crunches the numbers, a News Five crew took to [...]

2019 Sugar Crop Delayed Until January

Earlier you heard about the economic downturn, and now up north there the start of the 2019 sugar crop has been postponed until mid-January 2020 and it is expected that [...]

S.I.B. Sends Revised Notice of Retraction of Economy

Revised figures have been released by the Statistical Institute of Belize. They show that there has been a contraction in the economy by point four percent in the third quarter [...]

Belize’s National Investment Policy and Strategy Launched

After three years on the drawing board, Government is rolling out a national investment policy and strategy. The NIPS starts at the doorsteps of BELTRAIDE where investment proposals will be [...]

Benque Free Zone Board Arbitrarily Increase Fees without Consultation

In early November, a protest broke out at the Benque Free Zone after the Board decided to institute an increase of fees. This was met with disagreement and a riot [...]

EntreCon 2019: Engage, Exchange, Empower

Today at the Biltmore, the Belize Trade and Investment Development Services, BELTRAIDE, through its Small Business Development Center hosted the fifth annual Entrepreneurship Convention.  It featured keynote remarks from the [...]

Change in Fuel Prices

Changes in pump prices for regular, premium and kerosene took effect today. Premium gasoline decreased by four cents, from ten dollars and seventy-eight cents, to ten dollars and seventy-four cents [...]

The Emergence of the Seaweed Farming Industry

A grant initiative valued at two hundred thousand dollars was launched on Wednesday. The Belize Seaweed Mariculture Project is a joint initiative between the Belize Trade and Investment Development Service, BELTRAIDE, [...]

S.I.B. Releases Latest Stats on Consumer Prices and External Trade

The Statistical Institute of Belize says that the Gross Domestic Product for the last quarter grew by one point eight percent. Some of the factors that affected production levels for [...]

Unemployment is Up to 10.4 Percent in September 2019

Belize’s population as of September of this year is four hundred and ten thousand, six hundred and ninety-five persons. Of that number, two hundred and seventy-one thousand, six hundred and [...]

Increased Number of Women in the Labour Force

According to the S.I.B., while the labor force grew at a faster rate than which jobs were being created, there was an increase of women in the labour force.  Benavides [...]

Belize Seaweed Mariculture Project Launched

The Belize Seaweed Mariculture Project was launched today in Placencia.  The project is a joint venture between the Belize Trade and Investment Development Service, BELTRAIDE, and the Nature Conservancy Belize, [...]

Learning from the Jamaica Stock Exchange

Founded in 1968, the booming Jamaican Stock Exchange has been named the world’s best-performing stock market, twice.  According to online articles, Jamaica’s success in its stock exchange is greatly due [...]

Raspberry Pi Jam 2019: Solutions for Challenges in Belize

High schools from across the country gathered in Belize City today where students participated in a competition for young innovators.  The goal is to use a miniature computer platform to [...]

Belize Fades from Black to Grey List in EU Designation

With recent news of Belize being removed from the European Union’s list of non-cooperative jurisdictions, is the country doing enough to turn around its status?  And what about funds received [...]

Revenue Expected to Take a Hit Due to Drought

The Statistical Institute of Belize continues to issue quarterly releases on the country’s economic performance.  While G.D.P. estimates for the third quarter will be shared during S.I.B.’s final press conference [...]

Union and G.O.B. Meet to Discuss Workers Concerns at Belize Tax Service

Since the Belize Tax Service was launched back in August, as an amalgamation of the General Sales Tax and Income Tax departments, there have been various concerns among members of [...]

Opposition Leader Criticizes GOB’s Decision to Fix LPG Prices

Late on Friday, the Government announced it was instituting fixed prices for Liquefied Petroleum Gas known as L.P.G.; the prices took effect on Saturday. According to the government, the fix [...]

G.O.B. Fixes LPG Prices

The government has moved to establish fix prices for the sale of Liquefied Petroleum Gas known as L.P.G. beginning this Saturday.  The fixed prices are to prevent predatory pricing by [...]

Fuel Prices Changing at the Pump

At midnight, there will be another change in the price of fuels.  Kerosene will increase by eleven cents and will sell at seven dollars and fifty-three cents per gallon. Diesel [...]

Boosting Trade Between Belize and Barbados

The economies of Belize and Barbados are dependent on tourism, but there are other opportunities that can open up for further trade between both countries. This is why a mission [...]