[simple-weather latitude="17.4952" longitude="-88.2018" days="2" units="metric"]
Learn More...
Find Out How

7145 Slaughterhouse Road

Belize City, Belize Central America

(+501) 203-2098 or 203-0528

Give Us a Call for More Info or Questions

Mon - Fri: 8:00am - 5:00pm

Our Main Office Opening Hours

Click on Play to start Streaming Love FM | News & Music Power Live

Live Update COVID-19

📣 THIRD COVID CASE CONFIRMED .                      📣 March 29, 2020: – The Ministry of Health has confirmed the third case of COVID-19 in Belize.                      📣 PRESS RELEASE: – Amendment to Quarantine Order, Belmopan. March 29, 2020. 3:32 p.m.                      📣 The Government of Belize has enacted the Quarantine Order for the entire country of Belize.                      📣 POLICE UPDATE: -Police Commissioner informed the media this morning that over the past 24 hours police have arrested 9 persons for refusing to practice social distancing.                      📣 ARTHUR SALDIVAR DETAINED; – Love News has confirmed that Belmopan police have detained Attorney Arthur Saldivar. We understand that it has to do with a post he made on his Facebook page.
  • Three Guatemalans arrested for public drinking
    Three Guatemalans arrested for public drinking

    Three Guatemalan men were arrested and charged after they were engaged in public drinking as well as not respecting social distancing measures enforced by the police. Assistant Commissioner of Police, Joseph Myvett, stated that this incident occurred around 8pm Saturday in Red Bank Village, Stann Creek District.

    Read More »
Find Out How
Business, Companies & Organizations

BCCI says high gas prices are hurting the economy

The Belize Chamber of Commerce and Industry, BCCI, is calling on the Government of Belize to adopt a policy that minimizes the negative impact on consumers, the private sector and economic growth efforts caused by the cripplingly high pump prices. In a release, the BCCI states quote, “the tax applied to this essential commodity is largely responsible for the prices being within pennies of what they were in 2014, at a time when the “landed cost” per gallon was at least 20% higher. As an example, in September 2014, fuel entered the country at $6.29. In September 2017 under the higher-cost, short-notice arrangements made due to the “changeable” supply from Venezuela, the Cost, insurance and freight value is still roughly $1.20 (or about 20%) less than what it was three years ago when world market prices were about 40% higher. If we were to draw a comparison using today’s landed cost and commercial margin with the highest average rate of taxation used in 2014, pump prices would still be between $1.04 and $1.40 less per gallon.” End of quote. According to the BCCI, even at the pre-April 2017 lower tax rate, the price per gallon of premium would still be between $10.52 and $10.88 compared to today’s price of $11.92.  The Chamber asserts that these higher costs only serve to further damage the competitiveness of Belize’s private sector, and will ultimately raise the cost of living for the average consumer who will have to pay higher prices on transportation, goods and services, and the like. In its release, the BCCI further points out that the higher pump prices continue to incentivize cross-border contraband since it is common knowledge that the average global price of gasoline is at least 30% less than it is sold for in Belize. The Chamber says that this ad hoc and purely revenue-centered tax measure must be replaced by a comprehensive and well-thought-out tax strategy that discontinues the administrative “price gouging” and eases the burden on consumers and businesses.

To Top