Business & Economy
International Airport Project Moves Forward for Ambergris Caye
Several major projects are in the pipeline for northern Ambergris Caye, including three new schools and an international airport. Construction of the schools is expected to begin this year, while plans for the new airport have reportedly been approved. Once completed, the airport will accommodate private jets, domestic and regional flights, and charter services.
Business & Economy
Belize’s Consumer Confidence Continues Downward Trend
Belize's Consumer Confidence Index (CCI) fell to 44.0 in April 2026, down from 45.7 in March, according to data released by the Statistical Institute of Belize (SIB) on May 27th. The figures indicate that consumers became more pessimistic about both current and future economic conditions. However, the Belize District, which includes San Pedro Town, was the only district in the country to record an improvement during the month.
Business & Economy
BCCAR conducts two-day clinic to assist San Pedro business owners
The Belize Companies and Corporate Affairs Registry (BCCAR), in collaboration with the San Pedro Town Council, hosted a two-day business clinic on May 28th and 29th at the San Pedro House of Culture. The initiative aimed to provide local business owners with direct assistance on a range of registry-related services, including business name registration, re-registration, name changes, filing status guidance, and general inquiries.
Business & Economy
SP BTIA Hosts International Travel Wholesalers Networking Luncheon
The San Pedro Chapter of the Belize Tourism Industry Association (SP BTIA) recently hosted a networking luncheon connecting island tourism stakeholders with two international travel wholesalers currently visiting Belize to explore accommodations and tourism experiences for their growing client markets.
Business & Economy
Belize launches TalentUp initiative to strengthen digital skills
The TalentUp Operational Workshop officially launched in Belize on Wednesday, May 20th, as part of a Google- and Inter-American Development Bank (IDB)-backed initiative to strengthen digital skills among Belizeans, particularly youth. The event took place at the Ministry of E-Governance headquarters in Belmopan and brought together government officials, private-sector representatives, and members of the digital skills training team. Prime Minister Honorable John Briceño, who also oversees e-governance, attended the launch and addressed participants, underscoring the government’s commitment to the program.
Business & Economy
Future of Sugar Industry in Belize Continues to Face Challenges; May Affect Tourism Sector
In January of this year, the 2026 sugar crop season officially opened, with production projected to increase by up to 20%. As the crop season nears its end, production and cane quality are reportedly up; however, concerns about the industry’s future continue to grow. The main issues are rising fuel prices and limited access to fertilizers, factors that are believed to affect next year’s crop and markets nationwide.
Business & Economy
Nine San Pedro women complete holistic massage training
On April 16th, the Holistic School of Massage & Spa Therapy celebrated the graduation of nine young women from San Pedro Town at La Divina Restaurant. The event marked the completion of a four-month training program designed to equip participants with professional skills for Belize’s growing wellness industry. The ceremony took place on the evening of Thursday, April 23rd, with graduates receiving certificates after completing a comprehensive curriculum.
Business & Economy
Mainland travel becomes more expensive with new bus rates
Travel within mainland Belize is set to become more expensive following a government-approved increase in bus fares. The decision comes just weeks after water taxi and airline fares rose, making travel to and from the Cayes and across the country more costly. The fare adjustment was approved at a Cabinet meeting on Tuesday, April 21st, and is expected to take effect on Friday, April 24th.
Business & Economy
Government of Belize grants tax relief to over 800 small businesses
The Government of Belize completed approvals for its 2025–2026 Micro, Small, and Medium Enterprise (MSME) Business Tax Amnesty Program on April 16th. A total of 909 applications were submitted nationwide, with 806 MSMEs approved for a one-year exemption from business tax, along with relief from accumulated penalties and interest on past tax obligations.
Business & Economy
LPG Price Hike Adds to Rising Butane Costs in Belize
Effective April 15, 2026, the Supplies Control Unit (SCU), under the Ministry of Agriculture, Food Security and New Growth Industries, introduced new controlled prices for Liquefied Petroleum Gas (LPG). The adjustment increases prices by BZ$0.17 per gallon and by $4 per 100-pound cylinder nationwide, impacting both wholesale and retail sales, including in San Pedro.
Business & Economy
Former Stake Bank Project Relaunched as ‘Olo Caye’ Cruise Port
The proposed cruise port off Belize City, once known as Stake Bank, has been rebranded as ‘Olo Caye’ following legal battles, receivership, and eventual government acquisition. According to a press release dated April 10th, the project will be transformed into a world-class cruise port with a luxury resort. “Olo Caye is led by Piero Dibattista, whose professional record spans more than 30 years and includes the successful transformation of tourism in Roatán, Honduras,” the release noted.