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Diesel Goes Up by Three Cents

If you went to the gas stations today you may have noticed a slight increase in the cost of diesel oil. That increase is because the price for diesel went [...]

G.O.B. Approves PSA for Canadian Company to Explore for Oil in Northwest Belize

An online report is announcing that the Government of Belize, through the Ministry of Economic Development, Petroleum, Investment, Trade and Commerce has approved a production sharing agreement with Fire Creek [...]

IDB Hosts Innovation Workshop to Spur Economic Growth

The Economic Development Council, Compete Caribbean and the Inter-American Development Bank hosted a one-day workshop to discuss using innovation within the private sector to achieve exponential growth in Belize. At [...]

Learning Dollars and Cents at an Early Age

Learning about dollars and cents starts at an early age. In Belize, a forum on financial literacy is held annually to teach young students how to manage money and make [...]

Kerosene Goes Up at the Pumps

Fuel prices see another hike as diesel goes up by seventeen cents at midnight tonight. The new pump price increases from ten dollars and twenty-six cents to ten dollars forty-three [...]

No Increase to Cost of Electricity

There will be no increase in the cost consumers pay for electricity for 2019-2020; that’s at least for now following a decision from the Public Utilities Commission. Back on April [...]

Additional Relief in the Pipeline for B.E.L. Customers

According to P.U.C. Chairman, John Avery, the projection is that B.E.L. may require two hundred and sixty-five million dollars to cover all its expenses for this tariff period, ending June [...]

Regular Gas and Kerosene Prices Go Up

Going into the Easter holidays, last Wednesday, the pump price for premium gasoline increased by forty cents; it took the cost up to a whopping eleven dollars and thirty cents [...]

Finding Answers on How the Private Sector Can Harness the Value of Open Data

Since 2018, the Organization of American States and the Trust for the Americas have been working with the Government of Belize and Civil Society on moving towards open government. It [...]

Baby Steps to Realizing an Open Government System in the Region

Today’s event is part of the extended schedule of activities under the Development of the Caribbean and Code Sprint Initiative, coordinated by the Caribbean Open Institute for 2019. The regional [...]

The Latest Figures of the Economy

A hundred and forty-seven million dollars worth of goods were imported into the country, while exports were down to twenty-five point four million dollars, a fifty-four percent less than the [...]

Fuel Prices Go Up a Second Time in 1 Week

Fuel prices will go up for a second time in one week. Today, the Ministry of Finance announced that at midnight, the pump price for premium gasoline will increase by [...]

AIBL’s Banking License is Officially Canceled

Amid the ongoing saga of Atlantic International Bank Limited and the winding down of its operations in Belize, Prime Minister Dean Barrow, on the advice of the Central Bank, has [...]

Fuel Prices to Increase, Again

Fuel prices are taking a hike at midnight on April eleventh. This evening the government confirmed that regular gasoline will increase by thirty-nine cents from ten dollars and twenty-one cents [...]

B.E.L Proposes to Maintain Mean Electricity Rate for 2019-2020

The Belize Electricity Limited has asked the Public Utilities Commission to maintain the mean electricity rate of forty-one cents per kilowatt-hour from July of this year through to June of [...]

AIBL Folds after Eighteen Years in Offshore Banking Sector

There are new details tonight in respect of the crisis at the Atlantic International Bank Limited.  We can confirm that AIBL has started a voluntary winding up and representatives from [...]

Senate Approves Barrow’s 2019/2020 Budget

Following its passage in the House of Representatives, the budget for 2019/2020 went to the Senate floor today. Debate in the upper house started with a robust statement from private [...]

Treacherous Waters Ahead for Atlantic International Bank?

There are more questions than answers to the legal and financial troubles looming over Atlantic International Bank Limited.   Reports reaching our news desk tonight are that AIBL is facing serious [...]

PM Wraps Up Budget Debate 2019

Following the no vote for the Diaspora Bill, at around eleven o’clock on Tuesday night, Prime Minister Barrow closed off the exhaustive two-day debate of the 2019-2020 Budget.  After responding [...]

Economy Grew by 1.3% in 2018’s Fourth Quarter

The Statistical Institute Belize today released its latest figures relating to the Gross Domestic Product during the fourth quarter of 2018. They report that the economy grew by one point [...]

Day Two of Annual Budget Debate – A Few Highlights

At news time, the budget debate is still ongoing at the National Assembly. This morning, Cayo South’s Julius Espat started the debate, which will be wrapped up later this evening [...]

Budget Debate Kicks Off to Little Fanfare

Day-one of the budget debate got underway this morning and will continue on Tuesday, Government has a week before the end of the financial year on March thirtieth and the [...]

Price for Diesel Gas Decreases by ONE Cent

The government announced today that the price for diesel gasoline will decrease by one cent. Yes, you heard right—one cent. At midnight tonight, the price per gallon of diesel will [...]

The 2019/2020 National Budget is Unveiled in Parliament

The budget for the new financial year that begins on April first, was read today by Prime Minister Dean Barrow in the House of representatives where a number of seats [...]

Increased Cost of Living Continues to Affect Recurrent Expenditure

Government’s wage bill continues to be the single largest budget item as far as its recurrent expenditure, surpassing the cost of goods and services by as much as one hundred [...]