Business

Caribbean and Latin America partner with World Bank for catastrophe risk insurance
Business

Caribbean and Latin America partner with World Bank for catastrophe risk insurance

By Alexis R. Milan Staff Reporter The Council of Ministers of Finance of Central America, Panama and the Dominican Republic (COSEFIN) and CCRIF SPC (Caribbean Catastrophe Risk Insurance Facility), this week, signed a memorandum of understanding enabling Central American countries to join the facility to access catastrophe risk insurance. The […]

FinSec says Treasury employee put on leave
Business

FinSec says Treasury employee put on leave

By Alexis R. Milan Staff Reporter An employee from the Treasury Department has been put on administrative leave until the completion of investigations into more than half a million dollars that were discovered to have been embezzled from that department. Financial Secretary Joseph Waight said the police and the Financial […]

Port CEO says no to proposed bargaining agreement
Business

Port CEO says no to proposed bargaining agreement

By Alexis R. Milan Staff Reporter The Port of Belize has written to the Christian Workers Union (CWU) to inform them that they have rejected their most recently submitted Collective Bargaining Agreement (CBA) because they feel proper due diligence was not done. Port of Belize Chief Executive Officer Arturo Vasquez […]

NTUCB president speaks on Ray Davis’ controversy
Business

NTUCB president speaks on Ray Davis’ controversy

By Alexis R. Milan Staff Reporter National Trade Union Congress of Belize (NTUCB) President Marvin Mora said despite everything that has been said in the media over the past week, the union has not requested the resignation of Senator Ray Davis, though all options are on the table. According to […]

Cuba  back in grace! Removed from  list of state-sponsored terrorism
Business

Cuba back in grace! Removed from list of state-sponsored terrorism

Washington (CNN) President Barack Obama recommended Tuesday that Cuba be removed from the U.S. government’s list of state sponsors of terrorism. Obam’s deci-sion, long sought by the Cuban government, is expected to expedite plans to re-establish embassies in Washington and Havana. In a brief message to notify Congress of his […]

Belize and Caribbean address financial conserns at Summit of Americas
Business

Belize and Caribbean address financial conserns at Summit of Americas

By Alexis R. Milan Staff Reporter Belize along with other Caribbean nations raised concerns about restrictive US policies toward the Caribbean banking sector at the Summit of the Americas and was given assurance by US President Barack Obama that there would be a complete review of their policy. According to […]

Nestor Mendez on new role at OAS
Business

Nestor Mendez on new role at OAS

By Alexis R. Milan Staff Reporter The Organization of the American States’ (OAS) Assistant Secretary General-elect, Nestor Mendez, in fielding questions from the media, reiterated that he hopes to continue to build on the work the organization has previously done in relation to the Belize-Guatemala dispute. Mendez said the OAS […]

Business

IDB urges Latin America and Caribbean countries to increase productivity and efficiency

By Benjamin Flowers Staff Reporter A recent report published by the Inter-American Development Bank (IDB) said that governments of Latin American and Caribbean countries need to increase revenue generation and harness it through better spending to cope with projected economic difficulties. The document, the 2015 Annual Macroeconomic Report, cited that […]

PM Barrow to meet Obama, Maduro and Castro in Panama
Business

PM Barrow to meet Obama, Maduro and Castro in Panama

By Alexis R. Milan Staff Reporter Prime Minister Dean Barrow is attending this weekend’s Summit of the Americas in Panama, where regional leaders will converge, including the presidents of the United States, Venezuela and Cuba. Barrow left Belize on Tuesday and made a presentation on Thursday at the second CEO […]

Business

Caribbean leaders gather for clean energy symposium

By Alexis R. Milan Staff Reporter Leaders from across the region gathered in St. Thomas on the Virgin Islands to participate in the first ever Caribbean Clean Energy Technology Symposium (CCETS), aimed at disseminating information on clean energy efficiency and security for the region. The symposium, the first of three […]