Business

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 […]

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Business

ASR-BSI invests $20 Million to expand production of direct consumption sugars

Belize sugar producers loses all protected access and export quotas to the European Union next month, and Belize sugar will have to compete with cheaper beet sugar produced in Europe. Beet sugar is cheaper because European nations subsidize their domestic sugar production. The American Sugar Refiners and Belize Sugar Industries […]

Business

The Billion-Dollar Question: How to fill Belize’s SME Credit Gap? Part 3

As was briefly noted in last week’s “The Business Perspective”, the problem of Micro, Small, Medium-sized businesses’ constrained access to credit is hardly a problem unique to Belize. With an estimated global and regional credit gap of approximately US $1.2 trillion and more than US $200 billion, respectively, there is […]

Business

Sharon Fraser appointed Chief Magistrate

By Anita Nembhard Freelance Reporter The Judicial and Legal Services Commission has appointed Ms. Sharon Frazer to be the new Chief Magistrate to succeed retiring Chief Magistrate, Ann Marie Smith. The appointment takes place with effect from September 1. Chief Magistrate Fraser is a veteran public Officer who entered the […]

Venezuela drops US Dollar for Chines Yuan
Business

Venezuela drops US Dollar for Chines Yuan

By Benjamin Flowers The Government of the Bolivarian Republic of Venezuela has stopped selling oil in US currency and started selling in Chinese Yuan. Last week the Venezuelan govenrment officially printed its first set of oil prices in yuan. The price as of Firday was was 306.26 yuan the equivalent […]

Business

PUP concerned over SSB investments

By Marion Ali, Assistant Editor The opposition, People’s United Party (PUP) says it is concerned over recent revelations that over 80 percent of $458 Million of the Social Security Board’s (SSB) investment portfolio is held in government interests. In a press release last Thursday, the PUP says that upon reviewing […]

2 UDP heavyweights speak out against corrupt Ministers
Business

2 UDP heavyweights speak out against corrupt Ministers

By Marion Ali, Assistant Editor Since the Vega land scandal re-emerged last month, two sitting senior government ministers have come out publicly to speak out against corruption and against undesirable UDP representatives. Last Friday, Deputy Prime Minister Patrick Faber made it clear when he told the media that there are […]

Belize DOE gives 18 refrigeration A/C scholarships to ITVET students
Business

Belize DOE gives 18 refrigeration A/C scholarships to ITVET students

Belize continues to fulfil its commitment to reduce and mitigate Climate Change and to protect the ozone layer against ozone-depleting refrigerants, by awarding 18 scholarships to refrigeration and air conditioning student technicians to complete their second year of training at Institutes of Technical Vocational and Employment Training (ITVET) centers across […]

The Billion-Dollar Question: How to fill Belize’s Credit Gap? Part 2
Business

The Billion-Dollar Question: How to fill Belize’s Credit Gap? Part 2

In the last “The Business Perspective” we commenced a discussion on the seemingly perennial constraint to small businesses, that is, the limited access to finance. As underscored last week, while the financial system is still characterized by excess liquidity—albeit somewhat reduced due to the issuance of treasury bills and notes—bank […]

Guatemalan congress votes for president keeps immunity
Business

Guatemalan congress votes for president keeps immunity

By Marion Ali, Assistant Editor Guatemalan President, Jimmy Morales, has managed to keep his immunity from prosecution following a vote by his country’s congress on the matter. On Monday, legislators overwhelmingly voted for Morales to keep his immunity – a measure that protects him from an investigation on campaign financing […]