Business

High Court  rejects director’s claim  vs BNE and INE! Rules that McCaffrey is a director; Tony Quinn is not!
Business

High Court rejects director’s claim vs BNE and INE! Rules that McCaffrey is a director; Tony Quinn is not!

The High Court of the British Virgin Islands in Tortola in a judgement this week ruled that Ms. Sheila McCaffrey, one of the pioneers of petroleum exploration in Belize,  is entitled to sit on the Board of Directors of  INE, the parent company of BNE, but cannot force INE to […]

One step closer to the final MSME Policy and Strategy for Belize
Business

One step closer to the final MSME Policy and Strategy for Belize

It is estimated that Micro, Small and Medium Enterprises (MSMEs) generate approximately 70% of private sector employment and incomes, contributing significantly to Belize’s GDP. Despite this, there is no specific legislation providing fiscal and operational benefits to this sector. BELTRAIDE through funding from the CARICOM Development Fund (CDF) completed a […]

Business

Youths to picket budget

An  assembly of youth leaders, now operating under the name Nation Builders, has made a showing in Belmopan last Wednesday during the budget debate, ostensibly to register dissatisfaction with the new Barrow Budget.

Business

Residential electricity rates remain the same, but businesses will feel the pinch!

The Public Service Commission has approved a proposal to implement new customer classifications for  Commercial 1 and Commercial 2, along with proposed rates for non-manufacturing businesses such as offices, hotels, resorts, motels, restaurants, retail stores and food preparation establishments. The 6.8 percent cut in energy rates which took effect on […]

Copyright – Belize music industry’s golden goose
Business

Copyright – Belize music industry’s golden goose

By Dyon A. Elliott   The Belize music industry can grow into a most lucrative market, if the Belize Copyright Act of 2000 is adhered to, Jason Guerrero, the chairman of the Belizean Society of Composers, Artist and Producers (BSCAP) told The Reporter on Thursday, June 28. Guerrero explained that […]

Public Relations  – Why is it important?
Business

Public Relations – Why is it important?

By: Niall Gillett   Does anything good make the news in Belize today? If a visitor were to watch our news, whether in print or on air, what would they think? Would it all be bad news? Despite what appears to be a continuous stream of gloom and doom, there […]

Caribbean Development Bank credit rating cut
Business

Caribbean Development Bank credit rating cut

By Caribbean News Now contributor   On Tuesday, Standard & Poor’s Ratings Services lowered its long-term issuer credit rating on the Caribbean Development Bank (CDB) to ‘AA+’ from ‘AAA’ and affirmed the short-term ‘A-1+’ rating. The outlook is stable. According to S&P, the downgrade reflects the agency’s view that CDB’s […]

Business

Duty exemption policies for vehicles

The Belize Trade and Investment Development Services (BELTRAIDE) administers an Auto Policy under the Fiscal Incentives Program of the Government of Belize, which believes it is important to establish and maintain high standards and quality service in the auto industry. Therefore, BELTRAIDE, with extensive consultation with the auto rental industry […]

Why Expand The BPO Industry in Belize?
Business

Why Expand The BPO Industry in Belize?

Have you ever needed customer service and had to call a 0-800 number? Chances are that instead of speaking to someone in America or Belize, you are probably talking to someone in India, Philippines, Costa Rica, or even in Honduras or Guatemala. How has this been made possible? Thanks to […]

Business

Modest pay raise for those who need it most.

Minister of Labour Godwin Hulse has raised the minimum wage for  all  classes  of manual workers from $3.10 per hour to $3.30 cents per hour in most cases. The 6.4 percent pay increase is seen as largely symbolic, but it will put $8.00 a week more in the pockets of […]