Economy, Banking & Finance

Government Mediates Dispute Between Sugar Cane Farmers Association and BSI/ASR

The Government of Belize says it continues to mediate the bitter dispute between the Belize
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Prime Minister weighs in on port situation

The PM also weighed in on whether he believes the government should move toward nationalizing
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Belize Government Estimates 5 Years to Recoup Lost Fuel Taxes

It will take the Briceno Administration an estimated five years to recoup the taxes it
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Opposition Leader Raises Concerns Over Government’s Control of Boledo Drawing

The Leader of the Opposition, Moses “Shyne” Barrow, says he is concerned over the government
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New Financial Literacy Book Launched by Holy Redeemer Credit Union

A second book on financial literacy was launched today through Holy Redeemer Credit Union (HRCU). 
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Salary Increments Restored for Public Sector Workers and Teachers

After two years of having their increments frozen, the public sector workers and teachers will
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Belize Customs Department Collaborates with World Customs Organization to Enhance

The Belize Customs and Excise Department is hoping to improve the efficiency of its operations
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UDP Opposition urges government to resolve port bottleneck with Christian

The Opposition, the UDP, is calling on the government to meet with the Christian Workers
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Belize’s GDP expands for second year in a row, IMF

Belize’s Gross Domestic Product (GDP) has expanded for the past two consecutive years. This was
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Electricity rates to remain the same up to June 30

Electricity rates will remain the same at thirty-nine-point nine cents per kilowatt hour, at least
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Belize Business Bureau president says government should have nationalized nightly

The President of the Belize Business Bureau, Arturo Lizarraga says he believes the government should
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The Stevedores are back at work, but the CWU says

The estimated 200 containers that sat in Belize’s harbor over the weekend on the MV
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Impasse continues as ship seeks to dock at the Big

The MV Aries 056 ship will be leaving the Port of Belize with all its
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Atlantic Bank says the US dollar exchange rate now fixed

Atlantic Bank Limited has issued a public notice regarding the exchange with US currency. According
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Business Conference held in Belize City to strengthen commercial ties

This weekend, Belizean and Mexican business owners will be gathering to discuss possible collaborative efforts
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InterAmerican Development Bank-funded study shows Belize’s job seekers lack skills

An employability study conducted in Belize has revealed that those seeking jobs are lacking in
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Ministry of Blue Economy Grants $11.5 Million for Marine Conservation

The Ministry of Blue Economy is pumping 11.5 million dollars into the preservation and conservation
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Loan motion presented for Mortgage Finance Belize project

During today’s House Meeting, Prime Minister John Briceno, also rose to present a loan motion
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Shyne Barrow speaks on ambitious plan for ten thousand houses

Stemming from the DFC Loan Motion presented today, Leader of the Opposition, Shyne Barrow spoke
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Prime Minister Briceno counters Shyne Barrow’s remarks on housing situation

Prime Minister Briceno did not hesitate to counter Shyne Barrow’s remarks, telling him he is
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ITEL to Expand BPO Operations in Belize Creating 500 New

ITEL, a business process outsourcing giant in Jamaica is looking to expand its operations in
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Senator for Churches Requests Same Level of Scrutiny for Politicians

Senators spent most of the morning ventilating concerns over the Non-Profit Organization Bill that was
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Senator Coye explains why passing non-profit organization bill is necessary

With hours of debate on the non-profit organization bill, you might be wondering why the
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Belize secures $11M loan and grant agreement with Taiwan to

Belize has been granted an eleven million dollar loan, and a grant agreement with the
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PM Briceno explains rational behind passport cost increase

Recent weeks have seen much opposition and concerns over the increase in passport fees. A
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World Bank signs $25M USD agreement for Climate Resilient and

An agreement involving twenty-five million US dollars from the World Bank, with local farmers as
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GOB sends stern warning to the Chinese community about price

The Government of Belize says it’s listening to the cries of the Belizean people and
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Senators Debate General Revenue Appropriation (2023/2024) Bill,

Senators today debated the General Revenue Appropriation (2023/2024) Bill, 2023. The Prime Minister’s budget, entitled
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SIB on 2022 Fourth Quarter GDP

The Statistical Institute of Belize held its first quarterly press conference for 2023 today. But
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Inflation Recorded at 6.5% for First Two Months of 2023

And if you have been noticing that basic food items are costing you more, then
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Exports Decreasing

The SIB also shared today that Belize’s exports for the first two months of the
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Imports Increasing

According to Statistician Tiffany Vasquez, Belize’s import bill has been steadily increasing primarily due to
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Belize’s Correspondent Banking Relations Improving

Minister of State in the Ministry of Finance, Senator Christopher Coye, says that there have
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Minister Coye says NPO Bill is Needed

In related news, Minister Coye also commented on the Non-profit Organization Bill. The purpose of
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The BPA is going digital

The Belize Port Authority (BPA) has partnered with the World Bank to move the organization
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The SJCU breaks ground for its new headquarters

St. John’s Credit Union Limited is expanding its reach in hopes of providing better services
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Poultry Prices Increasing

Effective today, consumers will be paying an average of ten cents more per pound of
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Creating More Jobs for Residents of Dangriga

More than one hundred residents of the culture capital, Dangriga Town, graduated from a job
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Discussing Belize’s Sustainable Ocean Plan

The Coastal Zone Management Authority and Institute held an information session on the Belize Sustainable
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PM Briceño Delivers Speech to Conclude Three-Day Budget Debate

After a robust discourse that took place over the past three days, Prime Minister John
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SFXCU Members Want the Central Bank’s Administrator Out!

In a show of solidarity and determination, members of the Saint Francis Xavier Credit Union
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Rice farmers in Toledo are revitalising the industry

Efforts to revitalize Toledo District’s rice industry are well underway, and yesterday an important step
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Minister Provides Update on Minimum Wage

It has been about two and a half months since the minimum wage increased to
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What’s SSB doing about their non-performing loans?

Yesterday, we brought to you parts of an extended interview the media had with the
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NGO Community takes on GOB over proposed legislation

The NGO community is once again at odds with the government. This time over the
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SSB Invests in Sargassum Prevention Project in the Hol Chan

A large cluster of Sargassum is expected to make its way to the Caribbean region
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SSB CEO says Good Stays is expected to repay their

Last year, Good Stays Hotel Limited applied for a 200-hundred-thousand-dollar loan from the Social Security
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SSB wants to invest in projects

The Social Security Board says it wants to invest in meaningful projects. That’s according to
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Police Minister explains budget allocations for community policing

The Ministry of Home Affairs and New Growth Industries, like other ministries and departments, had
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SFXCU Board Responds to Central Bank

Saint Francis Xavier Credit Union in Corozal, the nation’s second-largest credit union, is now being
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Central Bank Governor explains challenges with the existing Credit Union

As Central Bank Governor Kareem Michael indicated, one of the challenges that the financial system
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Central Bank Governor appoints administrator for St Francis Xavier Credit

 There’s a major development in the financial sector to report this evening. The Central Bank
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Central Bank Governor responds to concerns over phishing in the

Weeks ago, we reported on the phishing issue that was reported at Heritage Bank in
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SIB releases 2021 Multidimensional Poverty Index

The Statistical Institute of Belize (SIB) this morning released its findings of its 2021 Multidimensional
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LOO wants budget to focus on healthcare, education, and other

Prime Minister John Briceño will be presenting his budget for the 2023-2024 fiscal year on
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BSI/ASR explains why they call for an increase in sugar

We’ve continued to follow the discussion on the proposal to increase the prices of brown
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BSI/ASR’s Finance Director says a Commission of Inquiry won’t solve

The Belize Sugar Cane Farmers Association has called on the Prime Minister to empanel a
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GOB says MCC funds will be spent efficiently and transparently

The Government of Belize has committed to spending the funds provided by the MCC efficiently
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Belize wants to become less energy dependent on Mexico

The Government of Belize and the Millennium Change Corporation (MCC) are hoping to steer the
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Prime Minister Says No New Taxes in the Upcoming Fiscal

The Government is finalizing its new budget for the upcoming fiscal year. Prime Minister, John
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Sugar Cane Producers from the North Request Sugar Price Increase

Members of the Corozal Sugar Cane Producers Association (CSCPA) and the Progressive Sugar Cane Producers
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Was there a “definitive” Portico Agreement? Former Minister Panton says

Is there a definitive agreement or not? That’s the question that we asked former Minister
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Albert Area Rep calls on GOB to address critical cost

 The Statistical Institute of Belize reports that for the month of January 2023, the consumer
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External trade stats indicate increases in imports and domestic imports

The Statistical Institute of Belize reports that both imports and domestic exports were on the
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Belize calls upon the IDB to advance progressive agenda to

A progressive, modern agenda: that the cadence of what Prime Minister of Belize, John Briceño’s
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Labour Ministry discusses child labour in communities across Belize

The International Labour Organisation (ILO) defines child labour as work, which deprives children of their
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Career Day Held in Independence Village

Career Day was held today in Independence High School where students were taught the importance
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PM Briceño addresses IDB Board of Governors in San Pedro

Belize has hosted the 36th annual meeting of the Governors of the Inter-American Development Bank.
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World Bank VP Visits Vulnerable Communities in Belize City

Yesterday we told you about the visit of officials from the World Bank to vulnerable
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FIU holds workshop with stakeholders including Law Enforcement

An awareness workshop was held yesterday at the UB President’s Conference Room in Belmopan.  This
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IMF Conclude 2023 Article IV Mission In Belize

The recent Belize Staff Concluding Statement of the 2023 Article IV Mission by the International
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Building Resilience to Climate Change Is Imperative for Belize’s Future

The IMF’s statement also emphasized the urgent need for Belize to address the growing threat
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Belize’s Macroeconomy Improves; Microeconomy Still Rebounding

The IMF report projects moderate inflation for Belize in 2023. The report notes that inflation
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World Bank reps visit several Belize City communities

Staff members of the World Bank visited vulnerable communities in Belize City. Security Specialist for
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IMF Impressed with Belize’s Reduction of Public Debt

The International Monetary Fund (IMF) recently met with the Government of Belize to discuss the
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Galen’s Provost says there is no greater investment that in

Access to higher education in Belize is costly and relatively expensive for the everyday man.
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Costs of vital medicines have seen increases, says Minister of

Everywhere the prices of basic food items, goods, and services have increased in the last
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FIU and the police to charge two person for recent

The Financial Intelligence Unit (FIU) and the Belize Police Department are zeroing in on two
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Was John Saldivar investigated by the FIU?

 Was John Saldivar investigated by the Financial Intelligence Unit (FIU) after he was accused by
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The producers of Mine Beer continue to be investigated by

The Financial Intelligence Unit says that its investigation into the Caribbean International Brewing Company (CIBL),
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GOB Get Recommendations on the Implementation of the Pension Reform

The Government of Belize is preparing to meet with members of the Joint Union Negotiating
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IMF Indications Point Toward Better Financial Year for 2023

Inflation has been on an upward trajectory for the better part of last year, and
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Central Bank Still Tackling the PetroCaribe Audit

The Government of Belize continues to negotiate with Venezuela to restructure the current Petrocaribe debt.
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Belize Cracks Down on AML/CBT Laws

Belize is gearing up for the upcoming Caribbean Financial Task Force Peer Review. This mutual
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The NAMLC holds its first Anti-money Laundering and Combatting the

The Government of Belize is working with the public and private sectors to crack down
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University of Belize Launches Banking and Financial Institute

The University of Belize officially launched the Banking and Finance Institute which offers certification courses
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Finance Minister of State Says MSME Industry is Booming

The past three years saw a surge in unemployment due to financial constraints that caused
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Minister Christopher Coye Explains Importance of Literacy

Minister of State in the Ministry of Finance, Christopher Coye, also spoke about the importance
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Price Gougers Will Soon Be Prosecuted!

The Ministry of Agriculture, Food Security, and Enterprise is looking to crack down on price
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BELTRAIDE to launch a “Buy Belize Campaign”

The Belize Trade and Investment Development Service (BELTRAIDE) is hoping to grow the local economy
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BAHA says livestock are being affected by rabies

 The Belize Agricultural Health Authority says there has been a significant increase in rabies cases
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GOB Discuss with BCCI Regarding Financing Bill

The Belize Chamber of Commerce and Industry (BCCI) is working on drafting a campaign financing
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Belize hosts the 2023 Annual Joint Meeting on Restoring Degraded

Belize is hosting the 2023 Annual Joint Meeting on Restoring Degraded Lands in Latin America
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The BNTU wants the Churches to pay up

Members of the Joint Union’s negotiation team, which comprises members of the Public Service Union
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BNTU President says teachers need their allowances

 And then there is the matter of allowances for teachers. BNTU National President, Senator Elena
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PSU President rails against GOB sluggishness to un-freeze increments

The Public Service Union have long complained that the increments, which were frozen by the
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The Joint Unions demand GOB tackle price gouging

The unions also discussed the issue of price gouging and what they say is the
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Dangriga seeks ways to address unemployment; Area Rep optimistic Commerce

 Young people want to be gainfully employed – and that’s true for just about every
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Waterloo wants to settle with GOB over port project

The Waterloo Group wants to settle with the Government of Belize over the Port of
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