Economy, Banking & Finance

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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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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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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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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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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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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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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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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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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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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DFC Celebrates 60 Year Anniversary

60 years of existence is quite a milestone for the Development Finance Corporation (DFC).  Today
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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PM Briceno Returns from South Korea with Framework Agreement: Details

When Prime Minister John Briceno returned from South Korea last Friday he announced the signing
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Bottom Dalla is closing down

Another Belize City business is calling it quits and closing its doors. Today, Santiago Castillo
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Belize City Council’s “Back to School Super Sale” Boosts Local

Over the weekend, downtown Belize City was buzzing with business as the Belize City Council
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Belize Secures Access to Korean Economic Development Fund at Favorable

Belize now has access to funding from the Korean Economic Development Cooperation Fund.  The fund
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Business Community Questions Government’s Measures to Tackle Inflation

Is the government setting in place the right measures to tackle inflation? That’s the question
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PUP Chairman agrees Chamber should have been consulted on GOB’s

Also chiming in on Minister Mai’s comments, which apparently ruffled the chamber’s feathers, was PUP
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Minimum Wage Increase Impacts Employment Dynamics

It’s been more than half a year since the country’s national minimum wage was increased.
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Belize Chamber of Commerce Calls Out PM Briceno for Lack

Prime Minister John Briceno is being called out by the Belize Chamber of Commerce and
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Belize Chamber of Commerce Expresses Concern over Government’s Unilateral Price

Aside from not having regular meetings with Prime Minister Briceno, the Belize Chamber of Commerce
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Does your choice of gas station make a difference ?

The cost of living, which has increased over recent years, has Belizeans in every corner
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Belize’s Western Border to Open on Saturdays for Cargo Clearance

Commencing this weekend, Belize’s western border will be opened on Saturdays for cargo clearance. The
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Prime Minister Briceno Seeks Entry onto Central American Energy Grid

Three weeks ago, when Belize Electricity Limited was having an energy dilemma, of sorts, Love
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Super Sale Event Coming to Belize City Downtown

Another Super Sale in Belize City comes up next month in the downtown area.  It
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Yolanda Gomez ordered to repay LICU more than 400 thousand

Former General Manager, Yolanda Gomez, of La Inmaculada Credit Union Limited (LICU) has been ordered
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Belize’s Fiscal Strategy Unveiled: Balancing Loans and Debt Management

In recent months, we have been hearing of loan motions and grants passing through the
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Belize’s Economic Activity Grows by 11.5% in First Quarter of

The Statistical Institute of Belize reports that economic activity for the first quarter of 2023
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Belize’s Exports Decline Over 50% While Imports See Marginal Decrease

It’s usually a good thing when a country reduces its expenditure on imports. Conversely, when
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Union President says GOB can do much more to crack

The government says they are finalizing a ticketing system to crack down on price gouging.
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Deputy Prime Minister weighs in on new monetary bills

Prime Minister John Briceno announced this week that in about three months, the Central Bank
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New Monetary Bills to Feature Faces of George Cadle Price

Belize will soon be utilizing monetary bills with the faces of the Right Honorable George
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April 2023 Labor Force Survey Shows Decrease in Unemployment

Twice a year, the Statistical Institute of Belize conducts its Labor Force Survey to see
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Belizeans Experience 5.4% Inflation Rate in First Five Months of

And while more Belizeans were gainfully employed, all Belizeans have had to contend with the
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Belize Federation of Fishers Calls for Protection of Local Fishermen’s

The Belize Federation of Fishers is calling on the government and the Belize Fisheries Department
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Prime Minister Addresses Rising Cost of Living Concerns

In an interview with Prime Minister John Briceno, following Friday’s House Meeting, one of the
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Government Expands Basic Food Basket to Alleviate High Cost of

By all accounts, the cost of living in the country has skyrocketed, despite the increase
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Government of Belize Adds Controlled Food Prices to Blunt the

The Government of Belize announced yesterday in its Cabinet Brief that they would be adding
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Prime Minister John Briceno Reflects on G-7 Movement in his

As Prime Minister, John Briceno celebrates his 30 years in politics, he appeared on The
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Prime Minister Briceno Addresses Rising Inflation

Another issue addressed by the Prime Minister today was the global issue of inflation.  By
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Prime Minister Briceno Highlights Low Unemployment Rate and Minimum Wage

Briceno also spoke on unemployment, reminding the audience that under the previous government, there was
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PM says government working to find solution to electricity demands

The alarm has been sounded, and Belize needs to move fast to secure additional sources
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Leader of the Opposition Meets with Standard & Poor’s, Discusses

Today, the Leader of the Opposition, Moses “Shyne” Barrow, and UDP Chairman, Michael Peyrefitte, met
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Butane Price Decrease Takes Effect Today: Relief for Consumers

The price of butane will see a decrease of eighteen cents per gallon starting today. 
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Former Attorney General and UDP Chairman Weighs in on Port

The war of the ports – it is a situation that brings up more questions
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UDP Chairman Calls for Deeper Investigation into Land Documents and

As our newsroom continues its investigation into the land documents that are surfacing, and may
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Belize Highlights Progress and Sustainability at Caribbean Development Bank Meeting

Chief Executive Officer in the Ministry of Economic Development, Dr Osmond Martinez, represented Belize at
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Senate Considers Request for Additional $69 Million for Various Projects

Senators met in session today in Belmopan where several matters brought forth from the House
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Government issues Tender to Sell Lottery Tickets in Belize

The Government has issued a tender for the Master Agent for the sale of lottery
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General Revenue Supplementary Appropriation Bill 2023 Presented in House

A General Revenue Supplementary Appropriation Bill 2023 was also taken to the House of Representatives
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Christian Workers Union Threatens Industrial Action Against Port of Belize

As if the Definitive Agreement were not enough for the government to deal with, the
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Majority of Belizeans Want Government Control of Ports, Survey Finds

Interestingly, the survey commissioned by Lord Michael Ashcroft also dove into whether Belize’s ports should
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Statistical Institute of Belize Records Another Increase in Inflation

The Statistical Institute of Belize (SIB) has recorded yet another increase in inflation. Interestingly, however,
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