Belize - Belize News - - Great Belize Productions - Belize Breaking News
Home » Economy You are currently browsing entries filed in: Economy

Mayor Wagner: “We have touched more lives than that council did with forty million”

CitCo has been busy over the past two years paying outstanding bills which it says were left behind by the previous administration.  While it has been able to steer City [...]

Price Changes for Premium and Diesel

At midnight, the price for premium gasoline will go up by fifty-two cents to retail at ten dollars and ninety-two cents per gallon.  The relief to consumers comes in a [...]

La Ruta Maya – Rich in Culture & an Income Booster for Communities

Enterprising residents along the banks of the Belize River look forward for the annual Belikin La Ruta Maya River Challenge to generate income. From the sale of jewellery and food [...]

PM Barrow’s Final Budget Speech

Prime Minister Dean Barrow proceeded to deliver his final budget estimates on Thursday, but the Opposition side of the aisle was empty, as the area representatives had vacated the chambers [...]

Regular Gas Goes Up at the Pumps

At midnight, the pump prices for regular gasoline will go up by fifty cents per gallon, which means that it will now sell at ten dollars and twenty-three cents per [...]

More than $75,000 owed in contributions to the S.S.B.

There is a list in circulation from the Social Security Board naming at least forty-three businesses that are in arrears to the S.S.B. the thousands of dollars. The list contains [...]

An Economic Downturn in the Last Quarter of 2019

The Statistical Institute of Belize has presented grim news on the economy which shows that the recession it hard. For the first time in almost a decade, the economy contracted [...]

Fuel Prices Dip at the Pumps

There is a change in the prices of fuel tonight that brings good news for consumers.  The price for premium gasoline will go down by fifty-nine cents and will be [...]

Changes at the Gas Pumps

At midnight, there will be some relief for consumers as the prices for regular gasoline and kerosene will go down at the pumps. Regular gasoline will decrease by fifty-five cents [...]

Consumer Price Index for December 2019

There was a slight increase in consumer prices in the month of December 2019 when compared to December 2018.  The All-Items Consumer Price Index rose slightly by point two percent [...]

CariCRIS Assigns Belize Bank “Investment Grade” Rating

The Belize Bank Limited, the country’s oldest banking institution, has been assigned an investment grade rating by the Caribbean Information and Credit Rating Services.  CariCRIS is the Caribbean’s leading credit [...]

What Does Investment Rating Mean for Belize Bank?

The assigned rating augurs well for other local companies wishing to improve their profiles on the regional and international markets.  It is in line with some of the more prominent [...]

Premium Gas Price Goes Up

There is another jump in the prices of fuel. At midnight, the price per gallon of premium fuel will sell at ten dollars and ninety-nine cents, just under the eleven [...]

Audit Reveals Half a Million Dollars Embezzlement at Sports Council!

Still reeling from the Lev Derman scandal, the government is hit by yet another black eye. An audit of the finances of the National Sports Council by the Auditor General [...]

Choice Bank Limited Gets a New Liquidator

Julian Murillo is the new liquidator for Choice Bank Limited. On Wednesday the Central Bank of Belize announced Murillo’s appointment and if the name sounds familiar, that’s because Murillo is [...]

Fuel Prices Go Up Again

Twenty-four hours after the prices for kerosene and diesel went up by twenty-six and twenty three cents per gallon, government today announced another price hike. At midnight the pump price [...]

Fuel Prices Go Up!

Seven days into the start of 2020 consumers are bracing for a significant jump in the prices of fuel as of midnight tonight. And it is expected that further surges [...]

Premium Gas Goes Down by Two Cents

There is an announcement tonight of a slight decrease in the price of premium gasoline.  At midnight, the pump price of the fuel will go down by two cents. At [...]

SIB Releases November Stats for Export and Imports

A total of one hundred and eighty million dollars in goods was imported last month, an increase of nine point two percent from imports in November 2018.  Increases were recorded [...]

Fuel Prices to go up at midnight

At midnight tonight, consumers will be spending more on three types of fuels. The price for regular gasoline, kerosene and diesel will be going up. Regular gasoline will increase slightly [...]

International Energy Resources Ltd. and Kuylen’s Gas Service send out press release on LPG

The debate on butane prices continues. As you know, government enacted fixed prices on the commodity on November fifteenth to prevent predatory pricing; the move has triggered further discussions from [...]

BDF Salaries to be Adjusted, Despite Delays

A salary adjustment for members of the Belize Defense Force has been long in the making, bringing up to par the wages of all three arms of the national security [...]

GOB Seeking to Recover Excess Monies Paid to BDF Soldiers

While some officers benefited from the initial payout resulting from the salary adjustment, many of them were overpaid and government is now seeking to recover the extras.   Isani Cayetano [...]

Is Belize in the Throes of a Recession?

News of an economic downturn caused tremors in the private sector today.  Despite government borrowing and spending, for the second and third quarter of the year, there has been a [...]

Residents Say They Are Feeling the Pinch in their Pockets

As we reported, a contraction in economic activity in the previous two quarters is spelling bad news.  As the private sector crunches the numbers, a News Five crew took to [...]