Business & Economy
The Blue Economy promotes the sustainability of stone crab claws harvesting in Belize
The stone crab’s claws have become a delicacy in gourmet restaurants with increasing demand in areas such as Ambergris Caye off the northeast coast of Belize. A plate containing 1 1/2lb of cooked stone crab claws sells for up to US$42.50. The value of the overall industry, as per the Belize Fisheries Department (BFD), was around $125,000 for the local market. However, this number is expected to increase as exporting stone crab claws to other markets in the United States and the Caribbean starts.
Business & Economy
El Salvador Approves Importation of Belizean Products
Following efforts by the Ministry of Agriculture, Food Security and Enterprise to open markets for Belizean products in El Salvador, the Ministry of Agriculture and Livestock of El Salvador has informed the Belize Marketing and Development Corporation (BMDC) that a request for a pest risk analysis (PRA) for four commodities ─ carrot, citrus, onion, and pineapple ─ has been approved.
Business & Economy
Caye International Bank: Implementing Innovative Measures to Drive Future Success
On Monday the 26th of June 2023, in Belize City: Kareem Michael, Governor of the Central Bank of Belize welcomed select members of the executive management and board of directors of Caye International Bank (CIB). The meeting was well received by all in attendance and the discussion covered the current and future progress of the largest international bank in the country by total deposit size.
Business & Economy
BCCI’s 6th Annual Made in Belize Trade Show
The Belize Chamber of Commerce & Industry’s 6th annual Made In Belize Trade Show was held on Saturday, June 3rd 2023 from 10:00 am to 6:00 pm at the National Agriculture and Trade Show Grounds in the City of Belmopan. Under the theme “Buy in Belize, Build Belize, Support your local homegrown.”
Business & Economy
IDB Invest Partners with Belize Bank Limited to Boost Trade among Small and Midsized Businesses
IDB Invest welcomed Belize Bank Limited (BBL) to its Trade Finance Facilitation Program (TFFP), opening a US$10 million credit line with a 180-day tenor.
Business & Economy
MADISCO introduces Loyalty Brand Wines by J. Prince to Belize
MADISCO has introduced a new brand of wines to the Belize Market. On Wednesday, May 10th, the food and beverage company hosted hospitality industry partners from Ambergris Caye to unveil the new product in their line of goods, Loyalty Brand Wines.
Business & Economy
Changes in the buying rate of the United States dollar
A new amendment has changed the buying rate of United States (U.S.) dollars for banks and authorized dealers in Belize. According to the official note from the Central Bank of Belize, the amended buying rate is BZ$2 to US$1. Before this change, a different exchange existed when purchasing U.S. dollars from a bank or dealer.
Business & Economy
Amended liquor licensing regulation allows sale of alcohol on Good Friday
The banning of alcohol sales on Good Friday may now be considered a thing of the past following the amendment to the Intoxicating Liquor Licensing Regulation passed in December 2022. As per the amendment to that Statutory Instrument (SI) and explained by Commissioner of Police (ComPol) Chester Williams on Wednesday, April 5, the change in the law allows establishments to sell alcohol as usual. However, the San Pedro Town Council (SPTC) issued a note prohibiting the sale of liquor on Good Friday until 8PM. According to local authorities, this allows traditional church services/activities to occur throughout the day.