Business & Economy
BEL Proposes to Recover Increase in Cost of Power
The Belize Electricity Limited (BEL) Company submitted a request to the Public Utilities Commission (PUC) to increase electricity rates for the annual Tariff Period from July 1, 2018, to June 30, 2019.
Business & Economy
National budget 2018-2019 debated and approved
During both sessions, the budget proposed by the current administration of the United Democratic Party (UDP) was heavily criticized by members of the Opposition and sternly questioned by some of the members in the Senate. The sentiment was that the budget is ‘more of the same,’ with little incentives for the poor or the growth of the country’s economy.
Business & Economy
Belize secures lower interest rate against Belize Bank $36 million award
The Caribbean Court of Justice (CCJ) ruled in favor of Belize in its application to reduce the interest rate on a $36 million arbitration awarded to the Belize Bank contained in a certificate issued by the court.
Business & Economy
Prime Minister Presents 2018-2019 national budget; funding ‘being pursued’ for Ambergris Caye hospital
Minister of Finance and Prime Minister of Belize, the Right Honourable Dean Barrow presented the official budget for the 2018-2019 fiscal year on Friday, March 9th under the theme ‘Maintaining Steadiness; Consolidating Stability; Advancing Growth.’s for possibilities of any projects to benefit Ambergris Caye, the budget presentation did not include any concrete plans but did mention the intent to construct hospitals for San Pedro and Punta Gorda Town in the Toledo District.
Business & Economy
BTB’s Hotel minimum standards to come into effect the end of 2018
A series of hotel regulations proposed by the Belize Tourism Board (BTB), with the aim to improve the minimum standards for the hotel industry in the country, is expected to be officially legislated by the end of the year.
Business & Economy
IDB hosts regional Governors in Punta Cana to review opportunities for growth and investment
The Governors for the Inter-American Development Bank’s member countries in the Central American isthmus and the Dominican Republic gathered at their 32nd Annual Meeting February 20-21 to discuss formulas for achieving inclusive economic growth, managing vulnerability to natural disasters and harnessing disruptive technologies to increase productivity and spur investment.
Business & Economy
Scotiabank Belize announces closing of branch offices
Scotiabank Belize announced today that it will be closing its Spanish Lookout Branch effective April 20, 2018 and its Placencia Branch effective June 22, 2018.
Business & Economy
Lobster season officially closed: Fisheries indicates a productive season
On, Thursday, February 15th The Belize Fisheries Department officially announced the closing season for Spiny Lobster.
