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C.W.U. Continues Protest Against P.B.L.

The staff at the Port of Belize Limited today continued their demonstration against their employer. The management at the Port has decided to cut staff salaries by ten percent due [...]

More Details on G.O.B.’s M.S.M.E. Support Programme

The government on Thursday presented its plan to financially assist micro, small, and medium enterprises that have been greatly impacted by the COVID-19 pandemic.  Up to fourteen million dollars are [...]

Application for M.S.M.E. Support Programme Starts on August First

According to C.E.O. in the Ministry of Investment, Trade, and Commerce, Duane Belisle, the M.S.M.E. Support Programme will be implemented over a course of three months starting on August first, when the [...]

An MSME Support Program for Private Sector Businesses

As government prepares to rollout out phase two of its unemployment relief program, it is also gearing up for the introduction of another initiative to assist micro, small and medium [...]

Up to Fourteen Million Dollars in MSME Assistance

The application process will run for a period of twenty-one days beginning in August.  There are specific conditions to qualify for assistance, including the use of those monies to cover [...]

4 Loan Motions Passed by Senate, including a C.D.B. Loan to Service Debt

The Senate met today in Belmopan on four loan motions that were tabled in the House last Friday and were passed after heated debate. Government is borrowing a total of [...]

Private Sector Senator Says G.O.B. Has No Plan for Economic Recovery

According to Private Sector Senator Mark Lizarraga, the government has no solid plan for economic recovery and the right thing to do is to call elections now to give way [...]

I.D.B. Loan to Provide Safety Nets for Vulnerable Populations Affected by COVID-19

Forty-five thousand persons have benefitted from the COVID-19 Relief Programme by the government; fifteen thousand were directly employed in the tourism industry. Those were the figures presented by Doctor Carla [...]

Is Money for Election?

But Lead P.U.P. Senator Michel Chebat is asking where the millions of dollars went, concluding that the government is asking for money for electioneering.   Michel Chebat, Lead P.U.P. Senator [...]

The Financial Position of the Council as Recovers from COVID-19

COVID-19 affected many businesses, including the town and city councils across the country; in Belize City, the revenue stream trickled as services came to a screeching halt, though CitCo provided [...]

Series 1 of Municipal Bond a Success; 23 Streets to be Fixed!

In March, prior to the COVID-19 lockdown, the Belize City Council launched a ten-million-dollar municipal bond. Back then, it was announced, that the monies would be used to retire any [...]

Foodie Expo Held in Belize City

A gastronomic event took place this weekend; it was a Foodie Expo that brought together persons in the food industry.  It was staged at 501 Hub in Belize City on [...]

A First Cohort of Entrepreneurs from the Belize Accelerator Program

The Belize City Council has embarked on a programme to assist new businesses. They are providing training and some equipment to assist businesses to get off the ground. The initiative, [...]

Sparks Fly Over Loan Motions

On Friday, sparks flew in the National Assembly building during the Sitting of the House of Representatives when loan motions were tabled.  One such involved the Caribbean Development Bank COVID-19 [...]

Four Loan Motions Tabled in the House

At today’s sitting of the House of Representatives, four loan motions were tabled for approval, including the twelve million U.S. dollars from the I.D.B. for COVID-19 relief. The government had [...]

Bondholders Form Creditor Committee to Consider Barrow’s Request

Belize’s bondholders have formed a creditor committee which will work with the Belizean government after they were asked to agree to defer payment of interest on the thirteen million U.S. [...]

PM Barrow Comments on IMF Loan

Prime Minister Dean Barrow also asked about the International Monetary Fund and why is it that the government did not seek the IMF’s assistance for COVID-19 relief in the first [...]

Barrow Says Belize’s Acquisition of Scotia Bank ‘Consequential’

Prime Minister Dean Barrow says that Belize Bank’s acquisition of Scotia Bank is consequential. Caribbean Investment Holdings, the parent company for the Belize Bank is buying out Scotia Bank at [...]

Will Tourism Sector Get Financing Through D.F.C.?

The downturn in tourism activity has left stakeholders in a financial mess.  During the Prime Minister’s Press Conference on Thursday, he was asked about the tourism sector’s need for capital [...]

22 Million U.S. Raised So Far in Treasury Notes

The Prime Minister took a question not related to the reopening of the P.G.I.A. The government has raised twenty-two of the thirty million U.S.-dollar treasury notes needed to meet the [...]

Does Scotiabank Purchase Change the Local Financial Landscape?

Since Monday, we have been reporting on the pending acquisition of Scotiabank Belize’s assets by Caribbean Investment Holdings Limited.  The Canadian Bank has been selling its branches in the region [...]

Investing in Belize Amid Economic Crisis

The completion of an agreement to purchase Scotiabank comes amid an economic crisis brought about by the COVID-19 pandemic.  It is a sizeable investment being made in Belize at a [...]

Closing the Deal Despite Financial Uncertainty

Successfully closing a deal of this magnitude is a challenge in and of itself pre-COVID-19, but doing so at a time when there is financial uncertainty is an undertaking that [...]

No Payment for Scotiabank to Come from Domestic Banking Sector

The country is experiencing dwindling foreign exchange due to the economic downturn. Credit card spending is on a limit and importers say it has become increasing difficult to bring in [...]

Shortage of Premium Fuel?

This evening, the Bureau of Standards issued a statement in response to reports of a shortage of premium fuel at fuel stations. Due to a decrease in fuel prices on [...]