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 [...]
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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 [...]
Written on May 23, 2019 | Posted in Economy,Miscellaneous,People & Places,Social Issues | No comment
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. [...]
Written on May 21, 2019 | Posted in Economy | No comment
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 [...]
Written on May 17, 2019 | Posted in Economy | No comment
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 [...]
Written on May 9, 2019 | Posted in Economy | No comment
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 [...]
Finding Answers on How the Private Sector Can Harness the Value of Open Data
Since 2018, the Organization of American States and the Trust for the Americas have been working with the Government of Belize and Civil Society on moving towards open government. It [...]
Baby Steps to Realizing an Open Government System in the Region
Today’s event is part of the extended schedule of activities under the Development of the Caribbean and Code Sprint Initiative, coordinated by the Caribbean Open Institute for 2019. The regional [...]
The Latest Figures of the Economy
A hundred and forty-seven million dollars worth of goods were imported into the country, while exports were down to twenty-five point four million dollars, a fifty-four percent less than the [...]
Written on April 24, 2019 | Posted in Economy | No comment
Fuel Prices Go Up a Second Time in 1 Week
Fuel prices will go up for a second time in one week. Today, the Ministry of Finance announced that at midnight, the pump price for premium gasoline will increase by [...]
AIBL’s Banking License is Officially Canceled
Amid the ongoing saga of Atlantic International Bank Limited and the winding down of its operations in Belize, Prime Minister Dean Barrow, on the advice of the Central Bank, has [...]
Written on April 12, 2019 | Posted in Economy | No comment
Fuel Prices to Increase, Again
Fuel prices are taking a hike at midnight on April eleventh. This evening the government confirmed that regular gasoline will increase by thirty-nine cents from ten dollars and twenty-one cents [...]
Written on April 10, 2019 | Posted in Economy | No comment
B.E.L Proposes to Maintain Mean Electricity Rate for 2019-2020
The Belize Electricity Limited has asked the Public Utilities Commission to maintain the mean electricity rate of forty-one cents per kilowatt-hour from July of this year through to June of [...]
AIBL Folds after Eighteen Years in Offshore Banking Sector
There are new details tonight in respect of the crisis at the Atlantic International Bank Limited. We can confirm that AIBL has started a voluntary winding up and representatives from [...]
Written on March 28, 2019 | Posted in Economy,Featured,People & Places,Regional / International | No comment
Senate Approves Barrow’s 2019/2020 Budget
Following its passage in the House of Representatives, the budget for 2019/2020 went to the Senate floor today. Debate in the upper house started with a robust statement from private [...]
Treacherous Waters Ahead for Atlantic International Bank?
There are more questions than answers to the legal and financial troubles looming over Atlantic International Bank Limited. Reports reaching our news desk tonight are that AIBL is facing serious [...]
