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Fiscal Agreement Signed; CitCo 1 Step Closer to Floating New Municipal Bond

The government approved an eleven-million-dollar municipal paper for the Belize City Council in August, today, CitCo and Heritage Bank Limited officially signed an agreement for the floating of the bond. [...]

Municipal Bond to be Launched by the End of September

Belize City Mayor Bernard Wagner says that the bond will be officially launched with its prospectus by the end of September. But will the bond reflect increased pressures on the [...]

Expo Marketplace 2019 at the Marion Jones Sporting Complex

More than one hundred and fifty businesses participated in the two-day Expo Marketplace hosted by the Belize Chamber of Commerce at the Marion Jones Sporting Complex. The event is the [...]

YWCA and Haven House receive considerable donation from Digi

Two organizations got a boost of ten thousand dollars each to advance the range of programmes they offer to the public. The Young Women’s Christian Association will be using the [...]

BTL’s Incoming CEO lauds fiber rollout is most ambitious project

One of the most ambitious projects that B.T.L. has undertaken to date is the roll-out of fiber at residences throughout the country. The project started in 2017 and did not [...]

Edmond Castro Cagey About Joshua Perdomo’s $40K Write-Off

The government received much backlash after the Barrow Administration, during a sitting of the House of Representatives, tabled a motion through which a forty thousand dollars loan owed by Joshua [...]

Castro Voted in Favor of Write-Off

While Castro attempted to end the interview, the media pressed on the issue and challenged him on some facts including that he was part of the House Committee which reviewed [...]

Tourism sector In Orange Walk takes a hit

The dangerous level of contamination of the New River is taking a toll in many sectors.  Students from La Inmaculada School have had to be sent home because of the [...]

Will National Gas Create Another Monopoly Over LPG Market?

Since it was tabled in the House of Representatives and read through in its entirety on August sixteenth, the passage of the National Liquefied Petroleum Gas Project Bill has raised [...]

Bureau of Standards Will Have to Regulate Butane Prices at Retail Level

According to Canton, while the price of wholesale L.P.G. will be regulated, the Bureau of Standards will be responsible for ensuring that the cost of butane at the retail level [...]

How National Gas Company Came About

The inception of a national gas company, a public/private partnership involving the government, began with Belize Natural Energy Limited several years ago, under the stewardship of Doctor Gilbert Canton.  At [...]

The Idea to Build an LPG Depot in Big Creek

According to Canton, a complete study of the cost of acquisition of liquid petroleum gases from the U.S. Gulf Coast was subsequently conducted and through that exercise, they realized that [...]

A Public/Private Partnership for Local LPG Industry

The idea of a public/private partnership with the Government of Belize is based on similar models employed elsewhere in the region.  In this case, G.O.B. will have a twenty-five percent [...]

How Investors Were Chosen for NGCL

In July of last year, an agreement was signed with the Barrow administration formalizing the partnership and shareholders were sought thereafter.  Those investors include Michael Bowen, President of Bowen and [...]

Premium prices up by nineteen cents

Effective at midnight, the price of premium gasoline will be going up by nineteen cents per gallon. Consumers will be paying eleven dollars and thirty-one cents per gallon when they [...]

Bowen and Bowen says prices lower costs can lead to lower prices in butane

Last Friday, the Senate passed a bill paving the way for the new National Gas Company which is made up of a partnership between the government and a group of [...]

Senators Express Concerns over Liquefied Petroleum Gas Project Bill

The Liquefied Petroleum Gas Project Bill was today debated in the Senate. The Government and the National Gas Company have entered into an agreement which the Prime Minister has labelled [...]

Sarteneja Road Loan Motion Sparks Heated Debate in Senate

Today the Senate approved three loan motions totalling one hundred and forty eight million Belize dollars. The government borrowed fifty million U.S. dollars from the Taiwanese Government for the upgrading [...]

A US$14 Million Dollars Loan for Strengthening Tax Administration Project

The Senate also approved a fourteen million U.S. dollar loan from the Inter-American Development Bank. This chunk of money has been earmarked for the strengthening tax administration project. Monies will [...]

Economy Declines Marginally in 2nd Quarter of 2019

There has been a decline in the level of production between April to June of this year in comparison to the same period last year. According to the Statistical Institute [...]

Caribbean Shores rep votes against loan write-off to the son of the Cabinet Secretary

A House Committee met in Belmopan today. A small crowd gathered to protest the write-off of a debt owed to the government by Joshua Perdomo, the son of the Cabinet [...]

Business Senator weighs in on National Gas Company.

Having sailed through the House at its sitting on August sixteenth, the bill for the proposed National Gas Company goes before the Senate this coming Friday. The new company will [...]

GOB’s Decision to Write-Off Joshua Perdomo’s 40K Grant is Unfortunate, Says Patrick Faber

Deputy Prime Minister Patrick Faber says that government’s decision to write-off a forty thousand dollars loan issued to Joshua Perdomo, son of Cabinet Secretary, is unfortunate. Prime Minister Dean Barrow [...]

Business Bureau Chides National Gas Company as Worst Idea this Decade

The passage of a new piece of legislation which paves the way for the formation of the National Gas Company, via a public/private partnership to regularize the liquid petroleum gas [...]

Prices for Diesel and Regular Gasoline Take a Dip

At midnight on Tuesday August twentieth, the pump prices of regular gasoline and diesel will see a decrease. The prices for regular gasoline will decrease by forty three cents from ten [...]