Business & Economy

BEL teams have commenced preparations to connect a new 1705kW capacity generation unit to Caye Caulker's power system and conduct testing for 48 hours with the island’s load.

During the 2020 Commissioner's Country Tour, ComPol Chester Williams reported that in 2019, major crime in San Pedro Town decreased by over 30%. The meeting unveiled plans to keep improving the services of the police department, clarified the laws regarding liquor licenses, and saw the presence of Crime Stoppers Belize.

On January 29, 2020, the Embassy of Belize in Mexico and the Belize Trade and Investment Development Service (BELTRAIDE), a statutory body under the Ministry of Economic Development, Petroleum, Investment, Trade and Commerce of the Government of Belize (GOB), hosted a one-day seminar focused on advancing the business momentum between both countries.

Belize Electricity Limited (BEL) has submitted an application to the Public Utilities Commission (PUC) under the Full Tariff Review Proceeding (FTRP) for the Full Tariff Period (FTP) starting July 1, 2020 and ending on June 30, 2024 (FTP 2020/2024). The FTRP is a review and subsequent determination by the PUC of the Regulated Values, Mean Electricity Rate (MER), Tariffs, Rates, Charges and Fees applicable for the FTP 2020/2024.

Despite the Belize Tourism Board’s (BTB) announcement of a record half-million plus overnight visitors to Belize in 2019, Ambergris Caye’s tourism sector says it is struggling with an extended slow season. Over the last several weeks, island stakeholders have been reporting a decline in the tourism business, even resulting in the closure of some establishments. Many are speculating that this downturn is associated with the changes Ambergris Caye has been undergoing over the years. Massive developments are alleged to have overshadowed the once-charming island, coupled with the lack of proper infrastructure, and seemingly unplanned growth; some fear that Belize’s golden goose of tourism has lost her appeal.

The Ministry of Finance announces that effective Wednesday, January 22, 2020, the pump price for Premium Gasoline will increase by 27 cents from $10.72 to $10.99 per gallon.

Hundreds of business owners attended the annual Liquor Licensing Board meeting at the San Pedro Lions Den on Monday, January 6th to renew their liquor licenses.

Hope Haven Children’s Home was the recipient of a monetary donation from Blue Water Grill (BWG) on Wednesday, January 8th. The donation, totalling $10,989.90, was collected from July through December in 2019 via the efforts of BWG and their sister companies, Wine de Vine, Red Ginger in Belize and The Phoenix Resort, including patron contributions.