Price for Diesel Gas Decreases by ONE Cent
Channel 5 Belize

The government announced today that the price for diesel gasoline will decrease by one cent. Yes, you heard right—one cent. At midnight tonight, the price per gallon of diesel will [...]

The 2019/2020 National Budget is Unveiled in Parliament
Channel 5 Belize

The budget for the new financial year that begins on April first, was read today by Prime Minister Dean Barrow in the House of representatives where a number of seats [...]

Increased Cost of Living Continues to Affect Recurrent Expenditure
Channel 5 Belize

Government’s wage bill continues to be the single largest budget item as far as its recurrent expenditure, surpassing the cost of goods and services by as much as one hundred [...]

Fuel Prices Go Up for a Sixth Time
Channel 5 Belize

At midnight tonight, motorists will be hit it the pocket again. That is because on the heels of an increase in fuel price on February twenty-seventh, the sixth hike for [...]

EU Announce Bermuda Added To ‘Blacklist’
Bernews

Bermuda has been added to the list of ‘non-cooperative jurisdictions for tax purposes,’ the Council of the European Union has just announced. The EU also added Aruba, Barbados, Belize, Dominica, Fiji, Marshall...

First ever female entrepreneurship program launched!
Channel 5 Belize

The Belize Trade and Investment Development Service, through support from the Regional Center of Promotion for MSME (CENPROMYPE) and funds from the U.S. State Department, launched a project called the [...]

2020 Will See Trade License Reform
Channel 5 Belize

In other news…A reform in the trade license fee is expected to be rolled out across the country in 2020. The legislation has been completed and according to Belize City [...]

Pump Price for Diesel to Increase
Channel 5 Belize

The pump price for diesel fuel is set to increase at midnight on Wednesday. It will go up by thirty-three cents, from nine dollars and ninety-seven cents to ten dollars [...]

Corruption Also Involves Private Sector Partners
Channel 5 Belize

Corruption is not only a problem that many governments have been battling. Corruption has found its way in not only the government department and ministries but also in the private [...]

But much remains to be done…
Channel 5 Belize

While the Prime Minister boasted a positive G.D.P. growth in 2018, the Belize Chamber of Commerce and Industry says that much more needs to be done in terms of taxes. [...]

2018 Experienced Positive GDP
Channel 5 Belize

During Thursday’s economic forum, the Prime Minister boasted about the encouraging outlook of the economy. According to P.M. Barrow central government recorded a primary balance of not less than two [...]

PM Barrow says Supreme Court Justice Dismissive of Crown Counsels
Channel 5 Belize

Prime Minister Dean Barrow hosted the 2019 Prime Minister Business Forum today. About three hundred guests from the private sector were at the Civic Centre when the PM used the [...]

2019 Prime Minister’s Business Forum: “Embracing Innovation for Economic Prosperity”
Channel 5 Belize

The annual Prime Minister’s Business Forum was held today at the Belize City Civic Centre. The Prime Minister’s presentation lasted about twenty-five minutes and while his statements about a sitting [...]

The Negative Economic Effects of Gillnets
Channel 5 Belize

Gillnets provide many benefits for fishermen, making them an appealing fishing gear. On the other hand, there are also drawbacks to their use. Gillnets pose a threat to the environment [...]

FinSec Says Upcoming Budget Holds “No Surprises”
Channel 5 Belize

Financial Secretary Joseph Waight says that he doesn’t expect the upcoming national budget to hold any surprises. Simply put – it may very well look like 2018’s budget. Waight says [...]

G.O.B. to Appeal U.H.S. Case
Channel 5 Belize

The Belize Bank has been trying to collect a ninety-plus million dollar UHS debt from the government – and the two trial dates set for December and January were both [...]

Fin Sec Weights in on Slew of GST Suits
Channel 5 Belize

It is believed that the cumulative sum that the claimants are seeking is in the seven-figure range, slightly below ten million dollars.   While Financial Secretary Joseph Waight did not elaborate [...]

FECTAB Decries Major Tour Operators for Suing Government
Channel 5 Belize

As many as five individual lawsuits are presently before the Supreme Court where various tour operators are taking legal action against the Government of Belize via the Department of General [...]

$2 Million Spent on I.C.J. Campaign
Channel 5 Belize

The I.C.J. Referendum is less than two months away – and the Referendum Unit is ramping up the public awareness campaign. Today, when we spoke with Financial Secretary Joseph Waight [...]

Marie Sharp’s Pure Love Pepper Sauce Spreads Love to Domestic Violence Survivors
Channel 5 Belize

Belize’s most famous entrepreneur Marie Sharp has teamed up with the U.S. Embassy in Belize to raise funds for victims of domestic violence. Sharp has crafted a new pepper sauce [...]

Offshore Banking and Transparency
Channel 5 Belize

International Tax attorney Jose Romero, who has established a firm in Panama, was the presenter at today’s workshop.  He discussed the challenges to the financial sector with regards to offshore [...]

Anti Money Laundering – Subject of BIFSA Workshop
Channel 5 Belize

The Belize International Financial Sector Association, BIFSA, held a one-day training for stakeholders in that area of corporate business.  The session which was held at the Biltmore Plaza focused on [...]

An Initiative to Combat Gender-Based Violence in Belize
Channel 5 Belize

The U.S. Embassy has teamed up with well-known Belizean entrepreneur, Marie Sharp in an initiative to combat gender-based violence in Belize. This Thursday, a special product Pure Love Pineapple Habanero [...]

Will Potential Taiwanese Investors Be Legit?
Channel 5 Belize

Back to back and in recent times, shocking Ponzi schemes and investment scandals were exposed in multimillion dollar projects in Belize. From a cursory view, the projects seemed legit, but [...]

Creating a Link between Investment Opportunities in Belize and Taiwanese Investors
Channel 5 Belize

Today marks exactly three months since Ambassador Remus Li-Kuo Chen officially took up mission in Belize. He says that the initiative is linking potential Taiwanese investors with Belizean businesses. And [...]

Exchange Missions between Belize and Taiwan
Channel 5 Belize

Today, a cheque of sixty thousand dollars was handed over to the government of Belize from the Republic of China (Taiwan) to facilitate one of two exchange investment missions between [...]

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