Business

The Curious Case of BIL
Business

The Curious Case of BIL

Prime Minister Dean Barrow on October 18, 2017 held a press conference in an attempt to rid his government once again of another major scandal. This time it was the $8million contract to Gaspar Vega’s nephew for the reconstruction of Faber’s Road on the southside of Belize City. At the […]

Business

Competing with Chetumal – Innovatively

Last week a few media houses reported on the fact that over the long weekend several thousand Belizeans chose to spend their free time and their hard-earned money in Mexico. The number, 12,607 departures, is almost six times more than the previous weekend, when 2,117 Belizeans went across the border. […]

odest growth for Latin America and Caribbean, says World Bank
Business

odest growth for Latin America and Caribbean, says World Bank

By Marion Ali, Assistant Editor Latin America and the Caribbean are on course to achieve modest economic growth for the first time in six years, despite the Caribbean’s plight this hurricane season with two major storms that pummeled several of the leeward islands. The World Bank’s Chief Economist for Latin […]

Blood bank can’t test blood, surgeries being suspended
Business

Blood bank can’t test blood, surgeries being suspended

By Benjamin Flowers Persons seeking elective (non-emergency) surgeries at the Karl Heusner Memorial Hospital (KHMH) are being deffered until further notice because of a shortage of blood at the Belize National Blood Transfusion Service (Blood bank). The KHMH said on Monday that it had been able to keep elective surgeries […]

Business

PM extends Senate inquiry deadline beyond November – Chamber of Commerce agrees

By William Ysaguirre Freelance Reporter The social partners were not in agreement when Chairman of Senate Special Select Committee, Senator Aldo Salazar, first indicated that the Committee’s work would soon be done, and that the government of Belize had spent enough time and money over the past eight months on […]

U.S. CARSI gives $1.75 Million in ESF grants to 5 organizations
Business

U.S. CARSI gives $1.75 Million in ESF grants to 5 organizations

By Willaim Ysaguirre Freelance Reporter Five organizations in Belize have received a total of $1.75 Million in grants from the United Staates’ Cemtral American Region Security Initiative (CARSI), through its Economic Support Funds (ESF) program. Charge de Affaires Adrienne Galanek signed over the grants to representatives of each organization at […]

Business

The Billion-Dollar Question: How to fill Belize’s SME Credit Gap? Part 4

Last week’s “The Business Perspective” looked at asset-based financing (ABF)’s ability to help address the access-to-credit constraint that we have been discussing for the past four weeks, especially as it pertains to the potential usefulness of movable assets and establishment of a secured transaction registry as measures to help narrow […]

Drug stores now required to have MoH certification
Business

Drug stores now required to have MoH certification

By Marion Ali, Assistant Editor Pharmacies, pharmaceutical importers and wholesalers are now required to have certification from the Ministry of Health, as of November 1, in order to operate legally in Belize. The new rule became necessary to follow after the Ministry discovered two months ago that pharmaceutical products were […]

Integrity Commission calls for declaration of finances
Business

Integrity Commission calls for declaration of finances

By Benjamin Flowers Staff Reporter The Integrity Commission has called for all Persons in Public Life to declare their assets and liabilities under the Prevention of Corruption in Public Life, Act 21 of 2007. The Commission issued a notice on September 20, calling on all persons in public life to […]

GOB to get $48.5 Million slice of BTL pie
Business

GOB to get $48.5 Million slice of BTL pie

The Government of Belize is to acquire $48.5 worth of preferential shares in Belize Telemedia Ltd. BTL shareholders approved the issuance of the new shares by a more than 75 per cent majority vote at the company’s annual general meeting (AGM) at the Belize Best Western Biltmore Plaza Hotel in […]