Business & Economy
Belize validates strategy to upgrade its soursop industry
Stakeholders from the public and private sectors agree on major areas for upgrading the soursop value chain to increase production, and create opportunities to increase access to local, regional, and extra-regional markets.
Business & Economy
Belize Bank and American Express formalize partnership in Belize
On Wednesday, January 18th, the Belize Bank Limited, and American Express partnership was made official at an event celebrated at the Alaia Hotel south of San Pedro Town. The agreement now allows American Express cardholders to process transactions in Belize following a contract with Belize Bank.
Business & Economy
Alteration of Import Duties on Condensed Milk Imported into CARICOM
The Government of Belize hereby informs the public and the business community that, as of January 1, 2023, the import duty on condensed milk imported into CARICOM from all non-CARICOM sources was increased to 30%. The recent policy change applies to all CARICOM countries that participate in the CARICOM Single Market, including Belize.
Business & Economy
Unified Real Estate Association Gives Members Stronger Voice
The Association of Real Estate Brokers of Belize (AREBB) and the Belize National Association of Real Estate (BNAR) are now one entity: the Belize Real Estate Association (BREA). It is expected that after a successful transition into one formal and democratic entity, both associations will be fully merged within a period of six months.
Business & Economy
Belize Chamber of Commerce and Industry weighs in on Minimum Wage Increase
A release from the Government of Belize explained that the new increase in the minimum wage is a strategy to combat poverty and reduce inequality. Despite the reasons behind this change, the Belize Chamber of Commerce and Industry (BCCI) has objected to such implementation because it will add significantly to the private sector’s wage bill.
Business & Economy
San Pedro stakeholders not happy with regulations on alcohol sales and business operations during the Christmas weekend
On Thursday, December 22nd, a couple of stakeholders in San Pedro Town voiced their dissatisfaction with the current set of regulations regarding the sale of alcohol and opening hours for different establishments over the Christmas weekend. The regulations set by the Belize Police Department are said to be unfair, and the stakeholders on the island say they will be significantly affected due to restrictions requiring businesses to close by midnight.
Business & Economy
Belize Police Department issues regulations on the sale of alcohol during Christmas holidays
The Commissioner of Police, Chester Williams, said on Wednesday, December 21st, that during the mentioned periods, as highlighted below, no liquor should be exposed for sale, sold, consumed, or delivered on such premises during the period when they are required to be closed. ComPol stressed that no persons other than the license holders or the employees should be on the licensed premises. In addition, no liquor should be sold in a restaurant except to a customer buying a full meal and consuming an alcoholic beverage with it.
Business & Economy
Living Word Church’s Annual Christmas Toy Drive receives $100,000 donation
The annual Living Word Church Toy Drive will see the gifting of 150 hefty food baskets, 500 small toys during Christmas Caroling on Thursday, December 22nd, and 1,200 quality toys during the Toy Outreach on December 23rd.
