Business

PUC final decision on BEL rates
Business

PUC final decision on BEL rates

By Alexis R. Milan Staff Reporter The Public Utilities Commission (PUC) has made its final decision to approve the new Belize Electricity Limited (BEL) rates, which took effect on July 1st. The PUC approved a Mean Electricity Rate (MER) of 43.47 cents per kilowatt-hour, a slight decrease from 44.65 over […]

Business

Conquering the Crab Mentality

Most of you are very familiar with the phrase ‘crab eena bucket.’ For those of you who are not, it refers to the notion of crabs trying to escape imprisonment in a bucket and pulling each other down in the process. In the end, of course no crab escapes. In […]

Slight decrease in unemployment
Business

Slight decrease in unemployment

By Alexis R. Milan Staff Reporter Belize’s unemployment rate as of April 2014 is 11.1 percent, down slightly from 11.7 percent in April of 2013, according to recently released statistics from the Statistical Institute of Belize. As of April 2014 there were 16,730 unemployed persons in Belize, which according to […]

Belizean government must pay American couple for damage to property
Business

Belizean government must pay American couple for damage to property

By Aaron Humes Freelance Reporter BELIZE CITY, Mon. June 23, 2014 The Government of Belize is at fault for allowing Toledo villagers to destroy a crocodile sanctuary while searching for two missing children nearly four years ago, a court has decided. The Court of Appeal on Monday dismissed the appeal […]

Private sector considers EU study on a world without CARICOM
Business / Weekend News

Private sector considers EU study on a world without CARICOM

Benjamin Flowers Several private sector stakeholders gave their opinions on the European Unions’ proposed study on the opportunity costs of not having the Caribbean Community (CARICOM). While the study is only a proposal to explore the pro’s and con’s of not having CARICOM, many exporters agree that the community’s existence […]

Luke Espat owes bank nearly 30 million for failed project
Business

Luke Espat owes bank nearly 30 million for failed project

By Aaron Humes Freelance Reporter BELIZE CITY, Mon. June 16th, 2014 Businessman Luke Espat is now personally liable for nearly $30 million in personal guarantees made to the Belize Bank, after the Court of Appeal refused his application for leave to appeal a summary judgment handed down by the Supreme […]

Mexican businesses seeking partners in Belize
Business

Mexican businesses seeking partners in Belize

By Alexis R. Milan Staff Reporter A trade mission was hosted Thursday by the Institute of Mexico to foster greater trade relations between Mexican entrepreneurs and their Belizean counterparts. Javier Aguilar, Mexican Embassy Head of Trade Investment and Tourist Affairs, explained the mission was made up of Mexican businesses looking […]

Business

Test results confirm crop destruction by herbicide

By Marion V. Ali Staff Reporter Samples sent abroad for testing have confirmed that vegetables in the Valley of Peace area, Cayo, that were destroyed in March were done by Roundup, a lethal herbicide. This week Jose Alpuche, chief executive officer in the Ministry of Agriculture, told The Reporter that […]

Business

CFATF commends Belize for financial legislation

By Alexis R. Milan Staff Reporter The Caribbean Financial Action Task Force (CFATF) has commended Belize for enacting nine pieces of key legislation, six laws and three regulations to boost Anti Money Laundering and Combating the Financing of Terrorism (AML/CFT) standards. The statement from the CFATF, last week, stated that […]

NICH Partners with Taiwan for primary school art programme
Business

NICH Partners with Taiwan for primary school art programme

By Benjamin Flowers Staff Reporter The National Institute of Culture and History (NICH) and the Republic of China Taiwan have teamed up to launch the Primary Schools Art Skills Training (PSAST) Pilot Project. The Embassy of the Republic of China (Taiwan) presented a check a cheque for $35,206 to the […]