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COVID-19 Pandemic Plunges Belize Further into Poverty

Six out of every ten Belizeans are poor. That is the statistic that came out during a recent statement made by Prime Minister John Briceño at the United Nation General [...]

GOB to Issue Updated National Ports Policy

Cabinet today issued a three page statement on the cruise sector and port developments. The statement speaks to the Port of Magical Belize project, and the Port of Belize’s proposed [...]

Patrick Faber Maintains UDP Did Not Approve Stake Bank Causeway

Regarding Stake Bank, the statement says the project is in construction phase and projected to be operational in 2022, having received the requisite approvals and permits. As it pertains to [...]

Get Ready for a Regional Youth Business in Digital Summit

Entrepreneurship Week will be celebrated in November and those who inspire people from around the world through local, regional and international activities are exploring their potential as innovators. From November [...]

Tools for Entrepreneurs to Create Successful Businesses

The three-day summit is all about networking and providing a platform that entrepreneurs can tap into. Among the speakers is Belize’s Mervin Budram. More than just a motivational speaker, the [...]

Minister Coye Special Drawing Rights for Financial Stability

In August, Belize benefited from an allocation of Special Drawing Rights, commonly known as SDRs worth around thirty-six million U.S. dollars by the International Monetary Fund. SDRs, which the IMF created in [...]

Chebat Says KHMH Bill Will be Reviewed by Cabinet

We also asked about the five hundred thousand dollars the Government of Belize reportedly owes to the KHMH for renovations done to the COVID unit. Minister Chebat says the documents [...]

Belize and Caribbean States Meet With IMF and World Bank

Belize and the wider Caribbean are holding a series of meetings with the International Monetary Fund and the World Bank to discuss special vulnerability and debt relief.  Belize as a [...]

Villages Will Be Able to Charge Trade License Fees

This week’s Cabinet brief also noted that for the first time villages will be able to charge for trade licenses.  But, in a time of economic hardship when small and [...]

PM to Check Into Process for Stake Bank Causeway

On the controversial topic of the proposed Stake Bank causeway, on Tuesday, Chief Environmental Officer Martin Alegria said publicly that permission was given for the project a few years ago [...]

PM on Salary Cuts and Business Investments

Prime Minister Briceno said that the ten percent salary cut that was applied earlier this year to the salaries of teachers and public officers played a significant part in helping [...]

Financial Woes at the K.H.M.H.A.; Half a Million Still Outstanding from GOB

The Karl Heusner Memorial Hospital has not been exempted from the challenging economic times. As viewers may recall, there are hundreds of thousands of dollars in outstanding debts to the [...]

Diaspora Relations Ministry Says Belizeans Abroad Really Came Through During COVID-19

The Belize Ministry of Tourism and Diaspora Relations just completed a four city tour in the United States, holding town hall and business meetings with Belizeans living in Houston, Chicago, [...]

PBL CEO Says No Cuts or Job Losses

We also spoke to CEO at the Port of Belize, Andrew Lane who told us that, among other things, included in the agreement are increases for staff in the years [...]

IDB Loan Promises to Strengthen Ministry of Finance Operations

As we reported on Wednesday, the Government has secured a US eight-million-dollar loan from the Inter-American Development Bank to upgrade the technological features of the Ministry of Finance. It’s all [...]

IDB Loan for Ministry of Finance Digitization and Training

Belize has secured a loan of US eight million dollars from the Inter-American Development Bank to be invested in digitalization, staff training and expanding a data center at the Ministry of Finance. It [...]

Shrimp Exports to Mexico to Resume

The sale of Belizean shrimp to Mexico is about to restart. Today the government announced Belize’s export license has been renewed. The license had expired in 2019, and due to [...]

Trade Unions Says Labor Should Have Been Consulted

Not everyone is happy about the vaccine and test mandate. Some sectors say they should have been consulted first. That’s the position the National Trade Union Congress. The NTUCB says [...]

BTL Bounces Back

Belize Telemedia Limited’s Annual General Meeting for its fiscal year 2020/2021 was held virtually this morning. The company is reporting a net income or profit of eight million dollars, which [...]

BTL CEO Optimistic About Future

The company projects an increase in net income to thirty million dollars by the end of fiscal year 2025/2026. And while those are just projections, achieving those numbers would mean [...]

BTL to Focus on Return of Equity

And, as the other take-a-way from today’s virtual AGM is that BTL is taking a new approach to its financial reporting model and looking more at Return of Equity or [...]

BNN Says Kudos to GOB on Blue Bond Initiative

The Belize Network of NGOs congratulates the Briceno administration on its blue bonds initiative which has been successfully negotiated with eighty-four percent of the holders of the super bond supporting [...]

Still a Long Way to Go to Reduce Belize’s External Debts

According to Salas, while the initiative is the hallmark of sustainable human development and relieves a significant portion of Belize’s crushing external debt obligations, there is still a long way [...]

BNN Says Five Cruise Terminals Are Not Sustainable for Belize

The BNN is also expressing concern over the cruise ports and the concentration of facilities to be built in the Belize District. As many as five terminals would be in [...]

Coye on What Superbond Deal Means for Belizean Society

 Although he is still in Mexico City as part of G.O.B.’s official delegation, this morning Minister of State in the Ministry of Finance Christopher Coye joined Channel Five’s Open Your [...]