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Corozal Free Zone at a Standstill Months after Pandemic Induced Closure

The borders in the north and west are closed indefinitely.  To the north, Mexico is placed at number three globally for the explosion of the corona virus. Quintana Roo is [...]

Micro and Small Businesses Need Help to Rebound from Economic Hardship

COVID-19 has disrupted commercial activity for many entrepreneurs at micro, small and medium levels.  A majority of those are part of the cross-section between tourism and agriculture and as many [...]

A and R Free Zone Shutdowns

As COVID-19 cases go up in the country, economic activity continues to slow down and everywhere, businesses are struggling to stay afloat. The government has rolled out a plan to [...]

A and R Enterprises Owner Considers Worst Case Scenario

According to Urbina Junior, A and R Enterprises has seven branches across the country. The company employs over two hundred persons. If the country goes in another lockdown, A and [...]

Phase Two of Unemployment Relief Commences

Almost fifty thousand persons have applied for unemployment relief through the Government of Belize amid the COVID-19 pandemic.  As part of the second phase of the programme, workers who have [...]

Kinks with Financial Assistance for MSMEs are being Worked Out

Financial assistance being provided for micro, small and medium enterprises, through BELTRAIDE, another of government’s COVID-relief initiatives, hasn’t been without its snags.  According to Doctor Leroy Almendarez, Executive Director of [...]

Smoothening Out the Unemployment Relief Process

Similarly, the Unemployment Relief Program, in its first phase, also ran into problems with the system being used.  According to Doctor Carla Barnett, the biggest hiccup involved the inputting of [...]

An Economic Recovery Strategy for Belize

The economic downturn caused by COVID-19 continues to affect the business sector. The mainstay, the tourism industry, crumbled causing massive unemployment once the pandemic began to spread. Flights resume at [...]

Barbados PM Calls for United Front to Tackle the Pandemic

The guest speaker at the Belize Chamber of Commerce and Industry’s AGM on Thursday night was Prime Minister of Barbados, Mia Amore Mottley. PM Mottley spoke on the challenges of [...]

DFC Introduces a Special Line of Credit for Tourism Stakeholders

That statement was made this morning at a press conference when Prime Minister Barrow announced that government, through the Development Finance Corporation, DFC, is rolling out ten million dollars for [...]

Government to Subsidize One Percent of DFC Loan Interest Rate

According to Prime Minister Dean Barrow, so as to be able to lend the monies at a six percent interest rate, government has to subsidize one percent or one hundred [...]

DFC’s General Manager Breaks Down Loan Programme

The DFC loans, says General Manager Natalie Goff, are to be used as working capital and part of the company or business’ eligibility requires that thirty percent of staff must [...]

T-Notes Stall at US$20M, Despite Interest from Taiwanese Government

But the government coffers are not full and since introducing an initiative to raise thirty million U.S. dollars through treasury notes in early June, the Central Bank of Belize has [...]

Senators Debate US$10 Million Loan from OPEC

A ten million U.S.-dollar loan motion was today approved by the Senate. The loan is from the OPEC Fund for International Development to provide financial support on concessionary terms to [...]

Michael Peyrefitte Takes On the Critics

Responding to the criticisms and concerns was U.D.P. Senator Michael Peyrefitte. Peyrefitte told the senators that they failed to focus on the loan motion.   Michael Peyrefitte, U.D.P. Senator “Mister [...]

SIB Releases Recent Economic Stats

On the economic front, consumer prices were up by zero point two percent in June 2020, according to the latest bulletin published by the Statistic Institute of Belize.  For the [...]

P.U.P. Senators Criticize Brads’ Multimillion Dollars Contract

The government, via the Lotteries Tender Panel, awarded Brads Gaming Group Limited a license to continue to administer the lottery for an additional ten years. The People’s United Party has [...]

More Monies for Carocal Road, DigiLearn and Passports

Also brought before the Senate today was a supplementary budget for the current financial year.  The motion appropriated several hundreds of thousands of dollars for different projects and initiatives including [...]

Stalemate Continues Between P.B.L. and C.W.U.

The stalemate involving the Port of Belize and the Christian Workers Union continues tonight and another day went by without loading and unloading of cargo which means that the shrinking [...]

B.C.C.I. Concerned About Implications of P.B.L.’s Closure

The P.B.L. also welcomes the statement of the B.C.C.I. that was released earlier today. The Belize Chamber of Commerce is calling on the parties involved to go back to the [...]

Begin Your Online Shopping Experience at www.belizeon.bz

All over the country, businesses have been choked by the COVID-19 pandemic.  Most have been shifting their way of doing business to be able to stay in the market.  Tonight, [...]

The Opportunities in the Seaweed Industry

On Monday night we showed you fifteen participants, majority fisherfolk from the Turneffe Atoll Marine Reserve, who became certified in an introduction to seaweed farming. Those fisherfolk want to supplement [...]

Small Business Grants Programme Booming – CitCo Gets Ready for a Second Round!

The Belize City Council is getting ready to launch the second tranche of its Belize Accelerator Programme. One month ago, the programme was launched to provide training and equipment to [...]

Innadynamics Graduates 60 Youths Who Will Now Be Gainfully Employed

A group of at-risk young men involved in various programmes will join the employment pool having completed a training programme with mediator Nuri Muhammad through his organization, Innadynamics Consultancy.  The [...]

PBL Explains Terminations

As the situation played out on its compound, the Port of Belize issued a release stating that at eleven o’clock it was obliged to proceed to terminate thirty-six employees due [...]