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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 [...]

Statistical Institute of Belize Releases Latest Figures

The Statistical Institute of Belize has released its latest figures for May, which was the second month of .of the corona virus lockdown.   According to the S.I.B. higher food and [...]

Lord Ashcroft’s Change of Heart in Investing in Belize

The process of finalizing the sale of Scotiabank Belize to Caribbean Investment Holdings is several months away, as the Central Bank, as regulator of the financial sector, does it does [...]

Central Bank Commences Review of Scotia Bank Purchase

In a recorded statement issued by the Central Bank of Belize on Monday, Governor Joy Grant stated that a detail and thorough assessment of the sale of Scotiabank to C.I.H.L. [...]

Private Sector Pressures G.O.B. on Economic Recovery

The private sector continues to bring pressure to bear on government in respect of a comprehensive economic recovery plan amid the COVID-19 crisis.  The resulting financial crisis has forced the [...]

CitCo Hosts a Training for Small Business Owners

An initial group of ten small business owners were hosted today and will be engaged in three days of training at City Hall in Belize City. Dubbed the Accelerator Program [...]

Premium Dips Lower than Regular Gas at the Pumps

Consumers can expect to pay more for one fuel and less for another effective this Tuesday. Premium gasoline will decrease by two dollars and sixty-nine cents to sell at eight [...]

John Briceño Questions PM’s Wisdom on Treasury Notes Offer

On Wednesday, Financial Secretary Joseph Waight confirmed to News Five that Belize applied for a loan through the IMF at the eleventh hour and is at number eighty-eight on the [...]

John Briceño Says G.O.B. Kicking the Can Down the Road

Opposition Leader John Briceño also criticized the government’s move to request from bondholders to defer and capitalize the August interest payment of the superbond.  If the bondholders agree to the capitalization, [...]

Belize Seeks Relief on Payment of Super Bond

It is no secret that the Government of Belize is in dire financial straits due to the economic downturn associated with the COVID-19 pandemic.  On June fourth, government, in an [...]

Belize’s Tardy Application for IMF Loan in COVID Times

A number of countries, including Jamaica, have received loans from the IMF at significantly low interest rates. Belize is on a lengthy waiting list for a loan of thirty-eight million [...]

Disbursement of COVID Relief Funds are Only Trickling in

The payout of loans applied for by government from various international financing institutions, including the Inter-American Development Bank, I.D.B., has been sluggish owing to the many processes that are undertaken [...]

NICH Terminations: How Will It Impact the Creative Arts Industry?

Everywhere the financial crunch is being felt; at the National Institute for Culture and History, termination letters, dated June twelfth, were issued to eleven persons, including two directors as part [...]

G.O.B. Sees 50% Drop in Revenue from Tourism Shutdown

Fifty percent of government’s revenue which came from tourism has disappeared because of the COVID-19 crisis and it has been forced to streamline its expenditure in order to make up [...]

FinSec Says G.O.B. Will Meet June’s Wage Bill

Government has been struggling to meet its monthly wage bill as a result of the economic meltdown left in the wake of the COVID-19 crisis.  The months of April and [...]

The Rise of LPG Prices

The increase in the price of LPG, which was announced on Monday, is not sitting well for consumers and three former LPG importers as the country battles with the impact [...]

At Least 9 Employees Fired from NICH

As we have reported, the National Institute of Culture and History had been running on financial trouble for months.  The Minister of Education Patrick Faber had raised the alarm on [...]

Summary Report of G.O.B.’s US$75 COVID-19 Unemployment Relief Programme Released

There is some consideration that the Unemployment Relief Programme will re-open as joblessness is on the increase. The initiative closed in April but since then hundreds others feeling the pain [...]

Why Didn’t Belize Try to Access IMF’S RFI Programme?

The Prime Minister has said that Belize will get in the range of one hundred million dollars from the international financial institutions to assist with COVID-19. The funding, however, is [...]

Brace Yourself for a Price Hike on LPG

Households across the country are bracing for a price hike that is coming their way. The Central American importers, such as Gas Tomza, Zeta Gas and Belize Western Energy Limited [...]

Regular Gas Goes Up at the Pumps

Aside from having to paying more for LPG, consumers will also get hit with a jump in the prices for gasoline. Regular fuel will increase by seventy-six cents per gallon [...]

Fishermen Meet to Discuss Price of Lobster!

It’s June fifteenth, an important date on the calendar for fishermen. It means it is the start of the lobster season. But this year, fishermen are not happy about the [...]

C.W.U. and Port of Belize at Odds, Again

The Christian Workers Union and the Port of Belize Limited are battling over salary cuts. In every sector, businesses have had to take cuts to survive. So the P.B.L. on [...]

Small Business Owner Gets Creative to Survive COVID-19 Impacts

Last week we told you about enterprising chocolatier Julio Saqui of Che’il Mayan Chocolate in Maya Center Village.  Tonight, Saqui shares his experience on the hardships COVID-19 has created for [...]