Belize - Belize News - Channel5Belize.com - Great Belize Productions - Belize Breaking News
Home » Economy Featured You are currently browsing entries filed in: Economy Featured

PAC Chairman Says Government has No Interest in Audit Report

The 2014/2015 Audit Report highlights a number of inconsistencies where it concerns proper accounting of public funds.  Those discrepancies were flagged by Auditor-General Dorothy Ann Bradley who tendered the report [...]

Julius Espat: Auditor General Expresses Frustration

Espat, who has been at the helm of the Public Accounts Committee for the past seven years, says that there is an obvious lack of accountability in the manner in [...]

No Check and Balance for Contract Officers Spending Public Funds

A huge part of the problem, says Espat, is the fact that there is no oversight for the expenditure of public funds where contract officers are concerned.  According to the [...]

A Look at 2014/2015 Audit Report

In January of this year, Auditor General Dorothy Ann Bradley submitted to the Prime Minister’s office her financial reports on the accounts of Belize for the year 2014/2015. In the [...]

PUP Alleges Political Corruption at S.S.B.

In fourteen days, the new social security contribution and pension scheme is set to take effect. The People’s United Party, however, is not happy about it. Cabinet has approved the [...]

Late Night Belize City Vendors Given Curfew

Late night food vendors in Belize City are being shut down at midnight on the south side and by two a.m. on the north side. From what we are told, [...]

Opposition Leader Says S.S.B. is G.O.B.’s “Piggy Bank”

Effective July first, employers and employees will begin paying a higher contribution to the social security fund.  The new contribution and pension reform, approved by Cabinet, is essentially to save [...]

Does S.S.B. Need a Trigger Mechanism to Keep Fund Afloat?

According to S.S.B.’s Chief Executive Officer, Doctor Colin Young, the new pension and contribution scheme will not impact existing pensioners. As it stands now, the fund is approaching the ‘period [...]

Price for Premium Gas to Increase, while Diesel Cost Decreases

As of midnight tonight, the pump price for premium gasoline will increase. The new price will be eleven dollars and fifty-four cents, an increase of twenty-four cents and six cents [...]

SIB Releases Economic Data for April

The month of April saw a decrease of five point seven percent in imports, while exports went up by as much as eighty-one percent.  The total value of goods brought [...]

Government Launches its MSME Enhancement Programme

As a micro or small business entrepreneur, the main objective is to develop your product or service to international standards. But that comes with limitations in terms of capital to [...]

A $3 Million Investment to Make Micro & Small Businesses More Competitive

The Economic Development Council is the bridge between the business community and the government and advocates for and supports policy reform to make it easier to do business in Belize. [...]

The Criteria to Access Benefits from MSME Enhancement Programme

In the second phase of the programme, countrywide consultations will be held with entrepreneurs on steps that must be taken for successful applications. The Small Business Development Centre, an arm [...]

A Mentorship Programme to Support Female Entrepreneurs

Empowered for Work and Self was the theme for a mentorship networking session held today by BELTRAIDE at the Biltmore Plaza. Through the Small Business Development Centre, female entrepreneurs were [...]

Primary School Financial Literacy: Spend, Save, Share

The month of May is being celebrated as education month under the theme, “Financial Literacy, a Pathway to a Productive Life.” As the month winds down, there are continued activities [...]

Price for Regular Fuel to Decrease

Come midnight on May twenty-second, the price of regular fuel will decrease by thirty-nine cents, falling from ten dollars and eighty-seven cents to ten dollars and forty-eight cents per gallon. [...]

FTC Still Pursuing Settlement with AIBL over Sanctuary Belize Scheme

A settlement between Atlantic International Bank Limited and the Federal Trade Commission is still being pursued as a consequence of the Sanctuary Belize debacle which resulted in foreign investors losing [...]

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 [...]