Business & Economy
Decline in Large Lobsters Reported by San Pedro Fishermen
Belize’s 2025–2026 lobster season, which ran from July 1, 2025, to February 28, 2026, impacted both commercial fishermen and tour guides offering fishing trips in San Pedro Town. While the season closed without any major issues, the Belize Fisheries Department has not yet released its official statistics for the period.
Business & Economy
PUC Market Review Highlights BTL’s Dominance Following Acquisition Talks
Belize’s Public Utilities Commission (PUC) issued its final ruling on market dominance in the telecommunications sector on March 10, 2026. The decision confirms that Belize Telemedia Limited (BTL) holds dominant positions across multiple retail and wholesale telecommunications markets under the Belize Telecommunications Act. The ruling follows a public consultation and introduces regulatory measures to boost competition in the sector.
Business & Economy
Dr. Luigi Wewege and Dustin Rennie Appointed to the Caribbean Council
In an effort to strengthen regional economic diplomacy and expand international investment pathways across the Caribbean, Caye International Bank’s (CIB) President, Dr. Luigi Wewege, and Dustin Rennie, Director of RE/MAX Belize, were officially appointed as members of the prestigious Caribbean Council in 2026. Their appointment reinforces Belize’s growing presence within regional economic diplomacy and international investment circles.
Business & Economy
Belize Bank International Opens Office in San Pedro
As San Pedro Town, Ambergris Caye continues to develop and is recognized as one of the fastest-growing municipalities in the country, the island is expanding services to meet the demands of key sectors within the community. Among these is the financial sector, which saw the opening of Belize Bank International Limited (BBIL) on February 28, offering international banking services to foreign clients on La Isla Bonita.
Business & Economy
Tourism Minister Says Ambergris Caye’s Infrastructure Needs Improvement
San Pedro, Ambergris Caye, is considered Belize’s premier tourist destination, attracting thousands of visitors each year. The island, dubbed ‘La Isla Bonita,’ has even been called the country’s tourism mecca because of its popularity, beauty, and proximity to the second-largest barrier reef in the world. However, Minister of Tourism, Honourable Anthony Mahler, believes Ambergris Caye’s infrastructure requires significant improvements to continue meeting the demands of the tourism industry.
Business & Economy
San Pedro Town Council Publishes Audited 2024 Financial Statements
The San Pedro Town Council (SPTC) has released its audited financial statements for the fiscal year ending March 31, 2024. Prepared in accordance with International Financial Reporting Standards for Small and Medium-sized Entities (IFRS for SMEs) and audited by Moore Belize LLP, the report was made public on February 18th. The statements provide an overview of the Council’s revenues, expenditures, assets, and liabilities, offering transparency into municipal operations in San Pedro Town, Ambergris Caye.
Business & Economy
Water Bills Set to Increase Under New PUC Tariff Decision
Belize’s Public Utilities Commission (PUC) issued its final decision on February 17, 2026, approving a 13.5% increase in the Mean Water Rate (MWR) for Belize Water Services Limited (BWSL) for the 2026–2031 tariff period. The new tariffs, set out in the Commission’s Schedule 6 decision, take effect on April 1, 2026, and apply to mainland areas, including Belize City and Belmopan, as well as San Pedro and Caye Caulker. The adjustment is expected to raise average monthly bills by approximately 5.5%.
Business & Economy
CIB President Luigi Wewege Earns Doctorate Focused on Strengthening Financial Stability in Central America
Mr. Luigi Wewege, President of Caye International Bank (CIB) based in San Pedro, Ambergris Caye, has officially been awarded his Doctor of Philosophy (PhD) degree, marking the culmination of a multi-year academic journey focused on strengthening financial stability across Central America. Dr. Wewege completed his doctoral research at the International School of Management in Paris, France, examining one of the region’s most critical and underexplored issues: retail banking crises in Central America.