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    TEST OF BELIZE’S BANKING SYSTEM LOOMS

TEST OF BELIZE’S BANKING SYSTEM LOOMS

The banking system of Belize is about to be tested in new and historic ways. An urgent application has been made by several companies to the Supreme Court in regards to the liquidation of Choice Bank Limited. A group of claimants comprising several companies who claim that Choice Bank held

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    CWU and CENTRAL BANK SIGN NEW CBA

CWU and CENTRAL BANK SIGN NEW CBA

REPORTER: Benjamin Flowers, – The Christian Workers Union has negotiated a new collective Bargaining Agreement with the Central Bank of Belize, allowing the security staff to get a 10 percent salary raise. The CWU announced the new CBA today, explaining that agreement is for three years with 5 percent of

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    BELIZE BROKERAGES NAMED IN FIRST FATCA CONVICTION

BELIZE BROKERAGES NAMED IN FIRST FATCA CONVICTION

REPORTER: News Staff, – An investigation by US authorities into stock fraud involving multiple Belize-based brokerages has resulted in the first ever conviction for violation of the Foreign Account Tax Compliance Act (FATCA), which was enacted in 2010. UK citizen and CEO of offshore Loyal Bank Ltd., Adrian Baron, 63,

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    $95M VOTE GOES TO THE HOUSE

$95M VOTE GOES TO THE HOUSE

The Government of Belize has announced a Special Sitting of the House of Representatives this Friday, during which a vote will be taken on whether or not to pay the $95 million award owed to the Belize Bank over the complex UHS agreement signed by the former PUP administration. The

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    Offshore Banking in Belize is Dead, Says Panamanian Offshore Expert

Offshore Banking in Belize is Dead, Says Panamanian Offshore Expert

“The whole Belize financial system is dead for offshore operations. Nobody will trust a bank in Belize after this,” Panamanian offshore banking specialist, Dr. Giovanni Caporaso Gottlieb told the Reporter this week. Gottlieb represents several account holders of Choice Bank, whose banking license was terminated by the Central Bank in

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    BSI/ASR and Cane Farmers Rumble Over Money

BSI/ASR and Cane Farmers Rumble Over Money

Belize Sugar Industries/American Sugar Refineries (BSI/ASR), this week, announced a $40 million investment in the Tower Hill factory in Orange Walk to enhance capabilities and quality of production at the mill. However, farmers maintain that while the investment is good, an outstanding issue regarding a controversial ocean freight charge needs

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    Chamber Concerned About Crime

Chamber Concerned About Crime

The Belize Chamber of Commerce and Industry (BCCI) has raised concerns over the increased crime, specifically robberies and burglaries, targeting business owners over the last few months, primarily in Belize City, but in other parts of the country as well. “Crime is everybody’s business, so everyone has to do their

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    CANE FARMERS SAY SUGAR IS SWEET…BUT PAYMENT IS SOUR !

CANE FARMERS SAY SUGAR IS SWEET…BUT PAYMENT IS SOUR !

Reporter: Thursday, July 26, 2018 – This week, cane farmers in Belize’s sugar belt received their second payment for cane delivered and sugar produced between December 2017 and July 2018, but what they took home was significantly less than what they expected. The farmers received different amounts in payments per

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