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CariCRIS Assigns Belize Bank “Investment Grade” Rating

The Belize Bank Limited, the country’s oldest banking institution, has been assigned an investment grade rating by the Caribbean Information and Credit Rating Services.  CariCRIS is the Caribbean’s leading credit [...]

What Does Investment Rating Mean for Belize Bank?

The assigned rating augurs well for other local companies wishing to improve their profiles on the regional and international markets.  It is in line with some of the more prominent [...]

Premium Gas Price Goes Up

There is another jump in the prices of fuel. At midnight, the price per gallon of premium fuel will sell at ten dollars and ninety-nine cents, just under the eleven [...]

Audit Reveals Half a Million Dollars Embezzlement at Sports Council!

Still reeling from the Lev Derman scandal, the government is hit by yet another black eye. An audit of the finances of the National Sports Council by the Auditor General [...]

Choice Bank Limited Gets a New Liquidator

Julian Murillo is the new liquidator for Choice Bank Limited. On Wednesday the Central Bank of Belize announced Murillo’s appointment and if the name sounds familiar, that’s because Murillo is [...]

Fuel Prices Go Up Again

Twenty-four hours after the prices for kerosene and diesel went up by twenty-six and twenty three cents per gallon, government today announced another price hike. At midnight the pump price [...]

Fuel Prices Go Up!

Seven days into the start of 2020 consumers are bracing for a significant jump in the prices of fuel as of midnight tonight. And it is expected that further surges [...]

Premium Gas Goes Down by Two Cents

There is an announcement tonight of a slight decrease in the price of premium gasoline.  At midnight, the pump price of the fuel will go down by two cents. At [...]

SIB Releases November Stats for Export and Imports

A total of one hundred and eighty million dollars in goods was imported last month, an increase of nine point two percent from imports in November 2018.  Increases were recorded [...]

Fuel Prices to go up at midnight

At midnight tonight, consumers will be spending more on three types of fuels. The price for regular gasoline, kerosene and diesel will be going up. Regular gasoline will increase slightly [...]

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 [...]