Business

Business

Landed Cost Pass through to Fuel Pump Prices

The last two Business Perspective column entries have been focused on fuel prices. In last week’s Business Perspective, the role that government taxes play in the final pump prices was underscored. Also discussed were the impacts of external factors. This week, we measure the magnitude of the price changes on […]

Business

Doing Business in Belize: A Procurement Perspective

By John Primo (Independent Procurement Consultant) May 25, 2018 An interesting event went unnoticed this past week. It was Belize Social Investment Fund (BSIF)Sensitization Workshop held at the Best Western Belize Biltmore Plaza last Thursday. It was organized with the objective of sensitizing suppliers, contractors and service providers of available […]

Business

IMF says Belize should reduce debt stock

By Adele Ramos Freelance Reporter The International Monetary Fund (IMF) this week released a working paper titled, “Belize’s 2016–17 Sovereign Debt Restructuring– Third Time Lucky?”, authored by Tamon Asonuma, Michael G. Papaioannou, Eriko Togo and Bert van Selm. The paper examines the causes, processes, and outcomes of Belize’s 2016–17 sovereign […]

Belize fishing industry struggling with decline
Business

Belize fishing industry struggling with decline

By Adele Ramos, Freelance Reporter The last economic report issued by the Statistical Institute of Belize (SIB) indicated that whereas Belize continued to see growth towards the end of 2017 in agriculture, the fishing industry was experiencing “a significant decline,” reported at 35.3%, with continued challenges in aquaculture, particularly as […]

UB with $3 Million deficit, offers 4 new Bachelor’s degrees
Business

UB with $3 Million deficit, offers 4 new Bachelor’s degrees

By William Ysaguirre Freelance Reporter The University of Belize is operating with a deficit to the tune of $3 Million per year, despite the Government of Belize’s present annual subvention to UB of $10 Million per year, announced UB’s President Professor Clement Sankat, even as he introduced four new Bachelor’s […]

Fuel Prices at Home
Business

Fuel Prices at Home

In the last Business Perspective article we had commenced a discussion on the external factors driving the increase in world price for oil. It was noted that a large part of the upward trend is stemming from the decisions of the OPEC countries, and the impact of the unilateral withdrawal […]

Belize Represented at ECLAC meeting in Cuba
Business

Belize Represented at ECLAC meeting in Cuba

By Benjamin Flowers Staff Reporter Belize’s Minister for Economic Development, Petroleum, Investment, Trade and Commerce, Erwin Contreras, represented the country at 37th Session of the Economic Commission of Latin America and the Caribbean (ECLAC), held in Havana, Cuba, from May 7-11. H.E. Annie Burns and First Secretary, Shantal Marin, from […]

Confusion over teacher salary deductions
Business

Confusion over teacher salary deductions

By Benjamin Flowers Members of the Belize National Teacher’s Union (BNTU) were preparing to withhold financial contributions from school managements pending a salary deduction; however, the Belize Association for General Managers of pre and primary schools said this week that no such deductions were forthcoming. Reports are that the association […]

Business

Value of Belize’s imports from Guatemala 7 times that of exports

By Adele Ramos, Freelance Journalist For the last month on record, March 2018, the value of Belize’s imports to Guatemala was substantially more than what is exported to that country. Although the trade deficit fell in March due to a decline in imports and an increase in exports, the deficit […]

Fuel Prices at home, Geopolitics Abroad
Business

Fuel Prices at home, Geopolitics Abroad

The degree of ‘business friendliness’ in the domestic economy is unquestionably an important factor in the growth prospects of local businesses. This is why a large part of the work of the Belize Chamber of Commerce and Industry (BCCI) revolves around the championing and advocating for policies that eases the […]