Business

 BETEX 2014 kicks off on solid ground
Business

 BETEX 2014 kicks off on solid ground

By Marion V. Ali Staff Reporter Belize’s tourism industry has expanded over the years and with encouraging tourist arrival figures, and those taking part in the Belize Tourism Expo (BETEX), which opened Wednesday night in Belize City, feel that the industry is poised for much greater things to come.   […]

Agric show 2014 attracts 34,000
Business

Agric show 2014 attracts 34,000

By William Ysaguirre Freelance Reporter Approximately 34,000 Belizeans participated in this year’s National Agricultural and Trade Show, held last weekend in Belmopan. According to data from the Ministry of Agriculture, this year’s attendance was about 19 percent lower than last year’s 42,000 participants, but considering the inclement weather that proceeded […]

Alba Petrocaribe opens office in Belize
Business

Alba Petrocaribe opens office in Belize

By William Ysaguirre Freelance Reporter The opening of a head office for Alba Petrocaribe Belize Energy Limited, APBEL, last Friday is expected to bolster the diplomatic ties that Belize and Venezuela enjoy. Petrocaribe is an oil alliance of Caribbean states with Venezuela to purchase oil on conditions of concessionary payment. […]

Opposition leader says economy needs reform
Business

Opposition leader says economy needs reform

By Alexis R. Milan Staff Reporter People’s United Party (PUP) leader Francis Fonseca said that Belize’s economy is stagnant and economic reform in necessary for Belize to move forward. Fonseca told The Reporter that the basis of his economic reform is about transforming the Belizean economy by fuelling private sector […]

BNE launches fund to assist Belizean entrepreneurs
Business

BNE launches fund to assist Belizean entrepreneurs

By Alexis R. Milan Staff Reporter The Belize Natural Energy (BNE) Charitable Trust launched the first phase of an Empowerment Fund aimed at providing Belizean entrepreneurs the opportunity to finance viable business plans. The first phase of the Empowerment Fund is being rolled out through La Inmaculada Credit Union Limited […]

Business

BML director criticizes Mayor for investing in “capital projects”

By Marion V. Ali Staff Reporter The Managing Director of Belize Maintenance Limited, BML, Lawrence Ellis, has accused Belize City Mayor Darrell Bradley of investing in projects that the City Council has no mandate or obligation to spend on. Ellis, whose company is owed at least seven weeks payment from […]

Business

Belize offshore investments in trouble?

By Alexis R. Milan Staff Reporter Offshore investment in Belize is suffering as a result of the “gun to our head” financial and banking laws that GOB was recently obliged to pass, Senator Mark Lizarraga said. At last week’s Senate meeting, Lizarraga, quoting from a recently published government Gazette, explained […]

CitCo still in arrears with BWC
Business

CitCo still in arrears with BWC

By Benjamin Flowers Staff Reporter The court battle between Belize Waste Control and the Belize City Council over arrears owed to BWC continued Tuesday, when representatives for both parties appeared before Chief Justice Kenneth Benjamin. CitCo is six weeks behind in payments to the company, but Mayor Darrell Bradley has […]

San Ignacio Town Mayor
Business

Conflict between market vendors and San Ignacio Town Council over trade license fees.

By Marion V. Ali Staff Reporter Some vendors at the San Ignacio Town market say they are at odds with the San Ignacio Town Council over the fees it charges for trade license. The vendors say that they have taken their complaint to the Council but it did not yield […]

Business

Belize’s fading oil industry

By Benjamin Flowers Staff Reporter The Statistical Institute of Belize’s latest data reveals that Belize’s Petroleum industry is in steady decline, but the Ministry of Energy says that companies are working to address problem. The SIB’s data revealed that crude oil production fell as much as 23 percent when compared […]