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Economy, Banking & Finance

Love Staff December 4, 2023 No Comment

Belize’s Bakers’ Association Takes Matters Into Their Own Hands, Announces

Belize’s Bakers’ Association is looking to take matters into their own hands to raise the
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Love Staff December 1, 2023 No Comment

GOB’s short-lived Decision to Increase CEO Phone Allowances Sparks Debates:

The Government of Belize’s short-lived decision to increase telephone allowances for CEO’s and heads of
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Love Staff December 1, 2023 No Comment

Belize City Mayor Bernard Wagner Confident as Municipal Elections Approach:

Municipal Elections are only a few months away and political parties are already in campaign
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Love Staff November 30, 2023 No Comment

Cost of Living Rises in Belize: SIB Reports 4.3% Increase

The cost of living continues to climb while import expenditures and export revenues for last
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Love Staff November 29, 2023 No Comment

Opposition Leader Barrow: CEO Allowance Issue Reflects Briceno Administration Collapse

One Member of Parliament who has taken the CEO allowance and its rescindment to another
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Love Staff November 27, 2023 No Comment

PSU Threatens Action Over Government’s Phone Allowance Increase Amid Prosecutor

The unfulfilled agreement made with the court prosecutors comes at a time when the Ministry
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Love Staff November 22, 2023 No Comment

Contracts Signed for Sale of Belize Government Lotteries

In two weeks, Belize’s Boledo blues will be over. Yesterday, following the conclusion of the
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Love Staff November 16, 2023 No Comment

BPO Association Conducts Simulation Exercise in Toledo District: Minister Requena

The Business Process Outsourcing (BPO) Association was in the Toledo District holding a simulation exercise
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Love Staff November 15, 2023 No Comment

Central Bank Governor Advocates for Increased Competition Between Banks and

The Central Bank Governor, Kareem Michael, is preparing to push for greater competition between banks
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Love Staff November 14, 2023 No Comment

Social Security Board Proposes $9 Million Loan for New Rum

The Social Security Board has proposed to loan nine million dollars to a Belizean company
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Love Staff November 14, 2023 No Comment

Financial Intelligence Unit Trains Law Enforcement on New Civil Asset

This week the Financial Intelligence Unit (FIU) is sensitizing law enforcement and other investigating agencies
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Love Staff November 14, 2023 No Comment

Belize Eyes Debt Repayment to Venezuela Pending Eased US Sanctions

Belize may be able to pay off its debt to Venezuela soon pending the ease
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Love Staff November 9, 2023 No Comment

Labour Commissioner Confirms Significant Drop in Belize’s Unemployment Rate

The Labour Commissioner, Riselli Dominguez, has confirmed the significant lowering of the unemployment rate for
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Love Staff November 9, 2023 No Comment

Private Sector Struggles to Fill Vacancies in Belize Amid BPO

The report by Labour Commissioner Dominguez, brings us to a very important matter when it
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Love Staff November 9, 2023 No Comment

Labour Department Initiates BPO Job Training in Punta Gorda

The Labour Department is spearheading a job training in Punta Gorda Town, Toledo District for
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Love Staff November 3, 2023 No Comment

Opposition Leader “Shyne” Barrow Accuses PM of Allowing Gas Prices

Leader of the Opposition Moses “Shyne” Barrow continues to condemn the high cost of fuel
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Love Staff November 2, 2023 No Comment

New Call Center Opens in Dangriga, Promising Job Opportunities

A new call center was officially opened yesterday in Dangriga Town.  The news of the
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Love Staff November 2, 2023 No Comment

Dr. Leroy Almendarez Re-elected Deputy Chairperson of Caribbean Export Development

Belize’s Dr. Leroy Almendarez, Executive Director of (BELTRAIDE) has been unanimously re-elected Deputy Chairperson of
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Love Staff November 1, 2023 No Comment

Prime Minister John Briceno Tours Ongoing Projects in Dangriga

Prime Minister John Briceno had a packed agenda today in the south as he visited
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Love Staff November 1, 2023 No Comment

Record Sugar Cane Farmer Dividends Welcomed by Prime Minister Briceno

Prime Minister John Briceno says the increase of dividends to the sugar cane farmers is
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Love Staff November 1, 2023 No Comment

Government to Conduct Research to Support Belize Citrus Industry

Prime Minister John Briceno plans to conduct more research to help the citrus industry. In
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Love Staff October 26, 2023 No Comment

Belize’s Export Revenues Decline, Imports Rise, and Cost of Living

The Statistical Institute of Belize says that export revenues are down while import expenses and
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Love Staff October 25, 2023 No Comment

Butane Prices Drop by 21 Cents Nationwide

Those in the food industry will see some reprieve at the new butane prices.  The
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Love Staff October 21, 2023 No Comment

Ministry of Agriculture Focuses on Diversifying Belize’s Agricultural Sector

The Ministry of Agriculture continues to focus on the diversification of Belize’s agricultural sector to
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Love Staff October 21, 2023 No Comment

Government of Belize is planning to implement more social protection

The Government of Belize is planning to implement more social protection measures to assist Belizeans
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Love Staff October 19, 2023 No Comment

Price Gouging Task Force Takes Action to Curb Unfair Store

The Ministry of Agriculture’s Price Gouging Task Force continues to monitor store prices across the
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Love Staff October 19, 2023 No Comment

Sugar Price Increase Proposed Amidst Country-Wide Sugar Shortage

An increase in the price of sugar may be on the horizon. Today, Minister of
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Love Staff October 18, 2023 No Comment

Barbados PM Calls for an End to Caribbean Financial Pariah

The Prime Minister of Barbados, Mia Mottley, has called on international agencies to quit treating
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Love Staff October 18, 2023 No Comment

Belize Disputes European Union’s Non-Compliance Claim, Calls Decision Unjust

According to the European Union, Belize has failed to be fully compliant when it comes
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Love Staff October 17, 2023 No Comment

Mark Lizarraga’s Participation in NEAC Appeal Tribunal Sparks Controversy

Will Mark Lizarraga concede to the Ashcroft Alliance and recuse himself from NEAC appeal’s tribunal?
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Love Staff October 17, 2023 No Comment

Government Seeks to Streamline Trade License System for Municipalities

The Government of Belize is looking to streamline the trade licenses system that will bring
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Love Staff October 16, 2023 No Comment

Belize Gains Access to South Korean Economic Development Fund for

Belize has officially gained access to the South Korean Economic Development Corporation Fund. In August,
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Love Staff October 16, 2023 No Comment

Belize Seeks Climate Resilience Funding Amid Rising Borrowing Costs

While the country needs significant sums of money to become more climate resilient, borrowing it
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Love Staff October 16, 2023 No Comment

Belize Secures $77 Million Loan from Saudi Arabia for 60-Megawatt

And to aid the country’s growing need for energy, the government has sought funding from
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Love Staff October 13, 2023 No Comment

Belize Government Seeks Transparency in Public Expenditure Analysis

How much of the people’s money has the government spent over the past ten years?
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Love Staff October 13, 2023 No Comment

PM Briceno Proposes Municipal Securities Bill for City Councils

Prime Minister John Briceno presented a Municipal Securities Bill in the House today that would
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Love Staff October 13, 2023 No Comment

Belize Set to Sign Five-Year Compact Agreement with Millennium Challenge

The Government of Belize and the Millennium Challenge Corporation (MCC) are expected to sign a
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Love Staff October 12, 2023 No Comment

Balancing Economic Growth and Conservation Amid Climate Financing Demands

On the backdrop of the recently signed agreements between US Capital Energy and several southern
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Love Staff October 11, 2023 No Comment

Middle East Violence Claims Lives, Sparks Global Concerns

The violent deaths and attacks continue today in the Middle East.  The latest update indicate
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Love Staff October 11, 2023 No Comment

Belize Government Loses $30 Million in Fuel Tax Revenue

Thirty million dollars: that’s how much the government lost on fuel taxes in its previous
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Love Staff October 11, 2023 No Comment

Belize Advocates for World Bank’s International Development Association Membership

Belize is lobbying to become a member of the World Bank’s International Development Association (IDA).
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Love Staff October 11, 2023 No Comment

Belize Among Fastest-Growing Economies in Caribbean, Says Minister of State

Statistics from the region has dubbed Belize one of the fastest growing economies in the
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Love Staff October 7, 2023 No Comment

Belize Chamber of Commerce Expands Membership Options for Smaller Businesses

The Belize Chamber of Commerce and Industry is continuing to expand its membership by making
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Love Staff October 5, 2023 No Comment

Government Commits to Regular Meetings with Belize Chamber of Commerce

The government has recommitted to meeting regularly with the Belize Chamber of Commerce and Industry
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Love Staff October 4, 2023 No Comment

Sugar Shortage Concerns Addressed by Belize Sugar Industries

If you’ve been having a hard time finding sugar on the shelves, you’re not alone.
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Love Staff October 2, 2023 No Comment

CWU Accuses Port of Belize of Bad Faith in Stevedores’

The Christian Workers Union (CWU) believes that its stevedores are being jilted and is sounding
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Love Staff October 2, 2023 No Comment

Hol Chan Marine Reserve Educates Fishermen on Conch Season Regulations

As the sun-kissed shores of San Pedro Town beckon the beginning of an exciting conch
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Love Staff September 27, 2023 No Comment

DFC Marks 60th Anniversary with Plans to Transform into a

The Development Finance Corporation is celebrating its 60th anniversary.  It is the norm that such
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Love Staff September 27, 2023 No Comment

SIB Reveals Strong GDP Growth in Q2 2022 Despite Agriculture

The Statistical Institute of Belize (SIB) held its fourth press conference for this year to
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Love Staff September 27, 2023 No Comment

Belize’s GDP Growth Slows to 2.6% in Q2 2023, Prime

According to the SIB, the GDP growth for the second quarter of 2023 was 2.6%,
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Love Staff September 27, 2023 No Comment

Inflation Rate Reaches 4.5%: Belizeans Feel the Pinch of Rising

Since the year began, the country has experienced an inflation rate of 4.5% with the
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Love Staff September 27, 2023 No Comment

Prime Minister speaks on loan access hurdles

At the last Central Bank Press Conference, the Governor explained that there is liquidity at
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Love Staff September 27, 2023 No Comment

DFC Celebrates 60 Year Anniversary

60 years of existence is quite a milestone for the Development Finance Corporation (DFC).  Today
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Love Staff September 27, 2023 No Comment

Belize’s Imports Rise While Exports Decline, According to SIB

The SIB says that the country’s imports are up, but its overall exports are down.
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Love Staff September 27, 2023 No Comment

Belize Seeks to Boost Exports Through Trade Agreements with Neighbors

And while domestic exports are down for the third quarter of this year, the government
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Love Staff September 26, 2023 No Comment

Heritage Bank Limited Clarifies Misleading Reports on Share Sale

Curiosity and concerns ran high last night when the possible sale of Heritage Bank Limited
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Love Staff September 25, 2023 No Comment

Heritage Bank Limited Considers Offers for Potential Sale

Heritage Bank Limited (HBL) is entertaining offers from potential buyers.  The news comes eight years
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Love Staff September 19, 2023 No Comment

Over 11,000 Attend Expo Belize Market Place 2023

Over eleven thousand people attended the Expo Belize Market Place 2023. That’s the latest update
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Love Staff September 18, 2023 No Comment

Government Implements Price Controls in Response to Rising Cost of

The high cost of living has been a topic of discussion for some time now.
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Love Staff September 18, 2023 No Comment

Recap of 2023 Belize Market Expo: A Highlight of September

Over the weekend, one of the biggest events on the September Celebrations calendar, the 2023
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Love Staff September 8, 2023 No Comment

Belize Government Announces Decrease in Butane Prices

The Government of Belize has announced another decrease in butane prices.  A release from the
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Love Staff September 8, 2023 No Comment

Central Bank Governor Discusses Belize’s Foreign Exchange Situation

Foreign Exchange is an important part of any country’s economy.  Foreign exchange is affected by
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Love Staff September 7, 2023 No Comment

German Investors Eye $50 Million Waste-to-Energy Project in San Pedro

German investors are in Belize, and are looking to inject some fifty million dollars in
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Love Staff September 7, 2023 No Comment

Central Bank of Belize to Ease Consumer Bank Fees in

The Central Bank of Belize is looking to streamline the bank fees that consumers are
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Love Staff September 7, 2023 No Comment

Belize Grapples with Loan Repayment Challenges Amidst Pandemic

The Covid-19 era in Belize saw banks grant moratoriums on loan payments due to loss
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Love Staff September 7, 2023 No Comment

Excess Liquidity in Belize Banks Linked to Scotiabank-Belize Bank Merger

While some loans had to be written off due to the Covid-19 impacts, the current
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Love Staff September 6, 2023 No Comment

Central Bank of Belize Addresses Credit Card Fee Concerns

For the first time in recent history, the Central Bank of Belize hosted a press
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Love Staff September 6, 2023 No Comment

Central Bank of Belize Makes Another Push for Credit Score

In many countries around the world, credit scores are kept on every one of its
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Love Staff September 6, 2023 No Comment

Central Bank’s Intervention and Changes at Saint Francis Xavier Credit

The Saint Francis Xavier Credit Union has been under scrutiny of the Central Bank of
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Love Staff September 6, 2023 No Comment

Central Bank Governor Discusses Credit Union Act Amendments

As it relates to credit unions, on a whole, the Central Bank Governor also indicated
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Love Staff September 5, 2023 No Comment

Opposition Slams Belize Investment Summit as Expensive Talk Show

The United Democratic Party is calling the Belize Investment Summit an expensive talk show. Today,
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Love Staff September 5, 2023 No Comment

Belize Chamber of Commerce Speaks on Investment Summit

Also giving feedback on the summit was the Belize Chamber of Commerce and Industry.  The
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Love Staff September 5, 2023 No Comment

Belize Signs $7 Million Loan Agreement for Sustainable Fisheries

During the recent Belize Investment Summit, the Government of Belize signed a loan agreement for
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Love Staff September 1, 2023 No Comment

Belize Government Aims to Eliminate Grey Economy

As the government is looking to build the blue, green and orange economy, Prime Minister
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Love Staff September 1, 2023 No Comment

Belize Investment Summit Highlights New Opportunities

The Belize Investment Summit is on its final day on Ambergris Caye.  Today’s agenda featured
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Love Staff September 1, 2023 No Comment

Minister of Egovernance speaks on his ministry’s achievements

Another topic brought up during the ministerial panel this morning was the e-governance.  The E-governance
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Love Staff September 1, 2023 No Comment

Gasoline Prices in Belize Lower Than July 2022

There have been almost forty adjustments to the price of gasoline in 2023; however, the
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Love Staff August 30, 2023 No Comment

Fuel Prices Surge Again: Diesel Up by $1.12, Premium Fuel

Belizeans are dealing with yet another increase in the cost of fuel. Effective midnight last
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Love Staff August 29, 2023 No Comment

Belize Investment Summit 2023 Set to Kick Off with Prime

The Investment Summit 2023 will officially open tomorrow at the Grand Caribe Resort on Ambergris
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Love Staff August 28, 2023 No Comment

Belize Investment Summit 2023: Unlocking Opportunities with Keynote Speaker Ivan

Come Wednesday the 2nd Belize Investment Summit will be officially opened at the Grand Caribe
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Love Staff August 24, 2023 No Comment

Price Monitoring Team Cracks Down on Price Hikes in Belize

Earlier this week, we told you that the price monitoring team from the Ministry of
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Love Staff August 24, 2023 No Comment

Clarifying Goods Markup: Belize Controller of Supplies Explains

Love News followed up on the concerns of the Belize Chamber of Commerce and Industry. 
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Love Staff August 24, 2023 No Comment

Belize Government Begins Price Gouging Monitoring Efforts

A team from government’s Supplies and Control were out in the fields today to begin
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Love Staff August 24, 2023 No Comment

US Embassy Launches Academy for Women Entrepreneurs in Belize

The US Embassy launched its inaugural Academy for Women Entrepreneurs (AWE) Program, a global U.S.
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Love Staff August 23, 2023 No Comment

Belize Achieves Soybean Self-Sufficiency, Saving Millions in Imports

Belize no longer has the need to import soybeans.  The announcement places another feather in
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Love Staff August 23, 2023 No Comment

Blue Creek Group Constructs Soybean Plant

And, while the production is in abundance, a group from Blue Creek has taken things
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Love Staff August 23, 2023 No Comment

Belize Government Collaborates with CABEI to Benefit Fisheries Sector

The Government of Belize held a meeting this week with the Central American Bank for
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Love Staff August 23, 2023 No Comment

Belize Ministry of Agriculture Boosts Local Fruit Production

Recent weeks have seen the Ministry of Agriculture working with various local small farmers in
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Love Staff August 22, 2023 No Comment

Belize Lotteries Commission Boosts MegaBingo Jackpot Amid Boledo Uncertainty

The return of the Boledo is still in limbo after the government nationalized the game,
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Love Staff August 22, 2023 No Comment

Price Gouging Task Force Gears Up for Store Price Monitoring

Members of the Price Gouging Task Force will be out later this week to begin
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Love Staff August 22, 2023 No Comment

Ministry of Public Utilities Expands Electricity Access in Rural Communities

It is the year 2023, and there are still over 20 communities within Belize that
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Love Staff August 18, 2023 No Comment

Price Increase for Bowen and Bowen Soft Drinks Hits Consumers

If you’re an avid drinker of soda, you may have noticed this week that the
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Love Staff August 17, 2023 No Comment

Belize Works to Regain Progress on Sustainable Development Goals Post-Pandemic

During the COVID-19 pandemic, Belize fell behind by four years in its implementation of the
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Love Staff August 17, 2023 No Comment

Belize Trying to Address Issue of Nationals Not Returning After

This week we told you of the 66 Belizeans who received scholarships via the Embassy
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Love Staff August 15, 2023 No Comment

Labor Union Raises Concerns Over Government’s Handling of Occupational Safety

The National Trade Union Congress of Belize (NTUCB) spoke on the issue of the OSH
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Love Staff August 15, 2023 No Comment

Belize Investment Summit to Highlight Investment Opportunities

Belize’s Investment Summit will take place at the end of the month for the second
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Love Staff August 11, 2023 No Comment

Social Security Board Reports Over $100 Million Revenue, Focuses on

The Social Security Board (SSB) recorded over a hundred million dollars in revenue last year
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Love Staff August 11, 2023 No Comment

LPG Price Increase Hits Belizean Consumers due to Rise in

As of today, Belizean consumers will be paying more for Liquefied Petroleum Gas (LPG). The
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Love Staff August 9, 2023 No Comment

DFC Implements New Environmental and Social Considerations for Loan Applications

The Development Finance Corporation (DFC) is taking making environmental and social considerations when screening loan
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Love Staff August 8, 2023 No Comment

Fuel Prices Surge: Regular Fuel Jumps by 92 Cents, Premium

March 31, 2022 – according to our news archives, this is the last official update
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