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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 [...]

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 [...]

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 [...]

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 [...]

PM Wraps Up Budget Debate 2019

Following the no vote for the Diaspora Bill, at around eleven o’clock on Tuesday night, Prime Minister Barrow closed off the exhaustive two-day debate of the 2019-2020 Budget.  After responding [...]

Economy Grew by 1.3% in 2018’s Fourth Quarter

The Statistical Institute Belize today released its latest figures relating to the Gross Domestic Product during the fourth quarter of 2018. They report that the economy grew by one point [...]

Day Two of Annual Budget Debate – A Few Highlights

At news time, the budget debate is still ongoing at the National Assembly. This morning, Cayo South’s Julius Espat started the debate, which will be wrapped up later this evening [...]

Budget Debate Kicks Off to Little Fanfare

Day-one of the budget debate got underway this morning and will continue on Tuesday, Government has a week before the end of the financial year on March thirtieth and the [...]

Price for Diesel Gas Decreases by ONE Cent

The government announced today that the price for diesel gasoline will decrease by one cent. Yes, you heard right—one cent. At midnight tonight, the price per gallon of diesel will [...]

The 2019/2020 National Budget is Unveiled in Parliament

The budget for the new financial year that begins on April first, was read today by Prime Minister Dean Barrow in the House of representatives where a number of seats [...]

Increased Cost of Living Continues to Affect Recurrent Expenditure

Government’s wage bill continues to be the single largest budget item as far as its recurrent expenditure, surpassing the cost of goods and services by as much as one hundred [...]

Fuel Prices Go Up for a Sixth Time

At midnight tonight, motorists will be hit it the pocket again. That is because on the heels of an increase in fuel price on February twenty-seventh, the sixth hike for [...]

Quality Poultry Business View Caribbean’s Cover Story!

Last month, we shared a story on the economic benefits of migrant-founded businesses like Quality Poultry Products in Spanish Lookout. The poultry producer was also recognized with a cover story [...]

First ever female entrepreneurship program launched!

The Belize Trade and Investment Development Service, through support from the Regional Center of Promotion for MSME (CENPROMYPE) and funds from the U.S. State Department, launched a project called the [...]

Pump Price for Diesel to Increase

The pump price for diesel fuel is set to increase at midnight on Wednesday. It will go up by thirty-three cents, from nine dollars and ninety-seven cents to ten dollars [...]

2020 Will See Trade License Reform

In other news…A reform in the trade license fee is expected to be rolled out across the country in 2020. The legislation has been completed and according to Belize City [...]

2018 Experienced Positive GDP

During Thursday’s economic forum, the Prime Minister boasted about the encouraging outlook of the economy. According to P.M. Barrow central government recorded a primary balance of not less than two [...]

But much remains to be done…

While the Prime Minister boasted a positive G.D.P. growth in 2018, the Belize Chamber of Commerce and Industry says that much more needs to be done in terms of taxes. [...]

Bye Bye Alba Petrocaribe

Venezuela President Nicolas Maduro is hell bent in not allowing U.S. aid into the country. The embattled president closed Venezuela’s border with Brazil on Thursday until further notice amid a [...]

2019 Prime Minister’s Business Forum: “Embracing Innovation for Economic Prosperity”

The annual Prime Minister’s Business Forum was held today at the Belize City Civic Centre. The Prime Minister’s presentation lasted about twenty-five minutes and while his statements about a sitting [...]

The Negative Economic Effects of Gillnets

Gillnets provide many benefits for fishermen, making them an appealing fishing gear. On the other hand, there are also drawbacks to their use. Gillnets pose a threat to the environment [...]

$2 Million Spent on I.C.J. Campaign

The I.C.J. Referendum is less than two months away – and the Referendum Unit is ramping up the public awareness campaign. Today, when we spoke with Financial Secretary Joseph Waight [...]

FECTAB Decries Major Tour Operators for Suing Government

As many as five individual lawsuits are presently before the Supreme Court where various tour operators are taking legal action against the Government of Belize via the Department of General [...]