Business

BNE launches fund to assist Belizean entrepreneurs
Business

BNE launches fund to assist Belizean entrepreneurs

By Alexis R. Milan Staff Reporter The Belize Natural Energy (BNE) Charitable Trust launched the first phase of an Empowerment Fund aimed at providing Belizean entrepreneurs the opportunity to finance viable business plans. The first phase of the Empowerment Fund is being rolled out through La Inmaculada Credit Union Limited […]

Business

BML director criticizes Mayor for investing in “capital projects”

By Marion V. Ali Staff Reporter The Managing Director of Belize Maintenance Limited, BML, Lawrence Ellis, has accused Belize City Mayor Darrell Bradley of investing in projects that the City Council has no mandate or obligation to spend on. Ellis, whose company is owed at least seven weeks payment from […]

Business

Belize offshore investments in trouble?

By Alexis R. Milan Staff Reporter Offshore investment in Belize is suffering as a result of the “gun to our head” financial and banking laws that GOB was recently obliged to pass, Senator Mark Lizarraga said. At last week’s Senate meeting, Lizarraga, quoting from a recently published government Gazette, explained […]

CitCo still in arrears with BWC
Business

CitCo still in arrears with BWC

By Benjamin Flowers Staff Reporter The court battle between Belize Waste Control and the Belize City Council over arrears owed to BWC continued Tuesday, when representatives for both parties appeared before Chief Justice Kenneth Benjamin. CitCo is six weeks behind in payments to the company, but Mayor Darrell Bradley has […]

San Ignacio Town Mayor
Business

Conflict between market vendors and San Ignacio Town Council over trade license fees.

By Marion V. Ali Staff Reporter Some vendors at the San Ignacio Town market say they are at odds with the San Ignacio Town Council over the fees it charges for trade license. The vendors say that they have taken their complaint to the Council but it did not yield […]

Business

Belize’s fading oil industry

By Benjamin Flowers Staff Reporter The Statistical Institute of Belize’s latest data reveals that Belize’s Petroleum industry is in steady decline, but the Ministry of Energy says that companies are working to address problem. The SIB’s data revealed that crude oil production fell as much as 23 percent when compared […]

National Budget includes 5% Salary Adjustment for Public Officers
Business

National Budget includes 5% Salary Adjustment for Public Officers

By Marion V. Ali Staff Reporter Teachers and public officers will get a 5% salary adjustment and the 2014-2015 National Budget calls for no new taxes, but teachers will still march on Independence Hill on Friday during the presentation of the Budget. Their decision to demonstrate is grounded in their […]

Business

Forms with Function – Can we do more to encourage startups?

An enabling environment consists of the set of conditions that allow something to grow and thrive -or keep it from doing so. In agriculture, these conditions include weather, irrigation, fertilizer, and the other factors required to have a particular crop grow in abundance. In the case of business, such conditions […]

PACT issues over $350,000 in grants
Business

PACT issues over $350,000 in grants

By Alexis R. Milan Staff Reporter The Protected Areas Conservation Trust (PACT) accompanied by Minister of Forestry, Fisheries and Sustainable development Lisel Alamilla awarded over $350,000 in project grants on Monday. The first grant, totalling $199,998.75, was given to the Belize Audubon Society for a project titled Enhancing St. Herman’s […]

GOB Rescues CPBL with intricate new structure
Business

GOB Rescues CPBL with intricate new structure

By Marion V. Ali Staff Reporter The first set of funds made possible through a new configuration designed to rescue the Citrus Products of Belize Limited, CPBL, and by extension, the citrus industry, is expected to be released by Friday to assist the company to meet urgent debts and to […]