Business & Economy
ECI Development and Caye International Bank partner with the Living Word Church to lead the way to bring food relief to the people of...
The recent COVID-19 pandemic has not been an easy thing for the San Pedro community to weather. In the noise of it all, many families have found themselves worrying about how to get food on their table and how they will survive through this sudden change in the system. ECI Development and Caye International Bank have partnered with Pastor Ian Zalidvar and the Living Word Church in San Pedro to help lead the way in bringing food relief to the people of Ambergris Caye.
Business & Economy
Belize Announces Request for Interest Capitalization
The Government of Belize today announced its intention to seek the consent of holders of Belize’s U.S. Dollar Bonds due 2034 (the “Bonds”) to the capitalization of interest payments falling due on the Bonds through February 20, 2021.
Business & Economy
Lobster Season officially opens; Fishermen at odds with Fishing Cooperatives for proposed low prices
While the lobster fishing season has begun, fishermen are at odds with the market price being set by cooperatives. For now, lobster is going for as low as $15 a pound.
Business & Economy
Letter to the Editor: Atlantic Bank credit card spending limits
"I have a US$ Atlantic Bank Credit Card with spending limit of $3000USD. To ensure I have that spending limit I gave the Atlantic Bank $3000USD to hold in a Collateral Account. I collect a wee bit of interest on that Collateral Account but cannot touch it if I want my spending limit. So, it is not really a Credit Card (credit gifted from the bank – based on my income and other regulations), it is a Collateral Card.
Now, Atlantic Bank (via Central Bank) has reduced my spending limit to $1000USD because of COVID-19 and the government needs access to US Dollars. They tell me it was a unilateral reduction of spending limits – meaning it was done to everyone. Well, they have my money."
Business & Economy
Belize Business Barter Exchange proposes cashless transactions
Belize Business Barter Exchange will allow people to ‘trade’ or ‘barter’ goods and services to others without the need to use cash, but rather ‘trade dollars’ for payment.
Business & Economy
Government’s easing on SOE restrictions allows for more movement; clubs and bars to remain closed
There are 2 weeks left in the State of Emergency for Belize due to COVID-19, and its restrictions have been easing gradually over the past few weeks.
Business & Economy
Ministry of Food and Agriculture Imports Cabbage Due to National Shortage
With the recent drought and now the excessive rains experienced over the past few days, cabbage fields in the community of Valley of Peace were almost destroyed. This has further affected cabbage production, which according to the bi-weekly Food Stock Availability report, has been very low for the past five weeks and has not been meeting the market demand.
Business & Economy
Importation license needed to bring in flour and toilet paper to Belize
Statutory Instrument No. 79 of 2020 was gazetted on June 6th, and the law now requires an importation license for flour and toilet paper.
