Business

Senate passes PetroCaribe Loan Act amendments
Business

Senate passes PetroCaribe Loan Act amendments

By Alexis R. Milan Staff Reporter The amendments to the PetroCaribe Loan Act, along with two supplementary appropriation Bills among others, were approved by the Senate on Wednesday. The voting on the amendments to the controversial Bill went, for the most part, the way most had expected, with the exception […]

Chamber responds to PM “playing the fool” comments
Business

Chamber responds to PM “playing the fool” comments

By Alexis R. Milan Staff Reporter The Belize Chamber of Commerce and Industry (BCCI) has responded to Prime Minister Dean Barrow’s recent comments about the Chamber being unwilling to dialogue and “playing the fool”. The Chamber has called his comments disappointing and unacceptable. BCCI President, Arturo Vasquez told the Reporter […]

Minority shareholder’s past drug conviction  of no concern, says SSB Chairman
Business

Minority shareholder’s past drug conviction of no concern, says SSB Chairman

By Alexis R. Milan Staff Reporter Social Security Board (SSB) Chairman, Doug Singh said the Board’s approval of loans to two southern companies was done on the merit of risk assessment and said reports that John Zabaneh, the businessman whose assets have been frozen in connection with drug investigations, are […]

Senator Ray Davis leaves NTUCB hanging
Business

Senator Ray Davis leaves NTUCB hanging

By Alexis R. Milan Staff Reporter Senator Ray Davis, who in recent months has had some friction with the National Trade Union Congress of Belize (NTUCB) which he represents, was absent from Wednesday’s Senate Sitting, reportedly out of the country having not given any notification to the union. According to […]

PM says GOB has given public servants 19 percent salary increase
Business / General / Politics / Weekend News

PM says GOB has given public servants 19 percent salary increase

By Alexis R. Milan, Staff Reporter Prime Minister Dean Barrow, during Friday’s House Sitting, boasted that his administration has raised teachers’ and public officers’ salaries and increments by a cumulative 19 percent in just two fiscal years. According to Barrow, that 19 percent represents a $72 million increase in salaries […]

PUP says Hulse recording confirms  its sentiments
Business

PUP says Hulse recording confirms its sentiments

By Marion V. Ali Staff Reporter The famous Hulse recording – an indictment of his party leader’s management of finances – also makes for good political mileage for the opposition, People’s United Party (PUP). As expected, the PUP issued a release of its own in relation to the leaked recording, […]

Business

Did John Zabaneh get million-dollar loans from SSB?

Chairman of the Social Security Board, Douglas Singh, has sought to explain reports that the SSB has approved $3.5M in loans to companies owned by banana grower, Johnny Zabaneh. “I will tell you that those loans do not have Mr. Zabaneh in any part of it. He is not the […]

Business

BNTU hosts PetroCaribe Loan Act forum

By Alexis R. Milan Staff Reporter The Belize National Teachers Union (BNTU) hosted a public forum with several guest speakers to elaborate its position on the PetroCaribe Loan Act 2015 at the St. Mary’s Parish Hall on Wednesday night. The forum, which drew a crowd of approximately 200 people, included […]

Belize gets Taiwanese grant for coastal community project
Business

Belize gets Taiwanese grant for coastal community project

By Alexis R. Milan Staff Reporter Belize is receiving a grant from the Taiwanese government to fund a Pan American Development Foundation (PADF) climate change adaptation program. The program is designed to help prepare and protect communities in southern Belize from extreme weather and the effects of climate change. With […]

Belize borrows $65 million for highway project
Business

Belize borrows $65 million for highway project

By Alexis R. Milan Staff Reporter The Government of Belize, through approved financing from the Inter-American Development Bank (IDB) and the European Union (EU), has borrowed $65 million for a project to upgrade a section of the George Price Highway from Belmopan to Santa Elena. The IDB is providing financing […]