Economy, Banking & Finance

Christian Workers Union Threatens Industrial Action Against Port of Belize

As if the Definitive Agreement were not enough for the government to deal with, the

Love Staff June 8, 2023 No Comment

Majority of Belizeans Want Government Control of Ports, Survey Finds

Interestingly, the survey commissioned by Lord Michael Ashcroft also dove into whether Belize’s ports should

Love Staff June 1, 2023 No Comment

Statistical Institute of Belize Records Another Increase in Inflation

The Statistical Institute of Belize (SIB) has recorded yet another increase in inflation. Interestingly, however,

Love Staff May 29, 2023 No Comment

Government Mediates Dispute Between Sugar Cane Farmers Association and BSI/ASR

The Government of Belize says it continues to mediate the bitter dispute between the Belize

Love Staff May 29, 2023 No Comment

Prime Minister weighs in on port situation

The PM also weighed in on whether he believes the government should move toward nationalizing

Love Staff May 22, 2023 No Comment

Belize Government Estimates 5 Years to Recoup Lost Fuel Taxes

It will take the Briceno Administration an estimated five years to recoup the taxes it

Love Staff May 19, 2023 No Comment

Opposition Leader Raises Concerns Over Government’s Control of Boledo Drawing

The Leader of the Opposition, Moses “Shyne” Barrow, says he is concerned over the government

Love Staff May 17, 2023 No Comment

New Financial Literacy Book Launched by Holy Redeemer Credit Union

A second book on financial literacy was launched today through Holy Redeemer Credit Union (HRCU).

Love Staff May 15, 2023 No Comment

Salary Increments Restored for Public Sector Workers and Teachers

After two years of having their increments frozen, the public sector workers and teachers will

Love Staff May 15, 2023 No Comment

Belize Customs Department Collaborates with World Customs Organization to Enhance

The Belize Customs and Excise Department is hoping to improve the efficiency of its operations

Love Staff May 10, 2023 No Comment

UDP Opposition urges government to resolve port bottleneck with Christian

The Opposition, the UDP, is calling on the government to meet with the Christian Workers

Love Staff May 9, 2023 No Comment

Belize’s GDP expands for second year in a row, IMF

Belize’s Gross Domestic Product (GDP) has expanded for the past two consecutive years. This was

Love Staff May 9, 2023 No Comment

Electricity rates to remain the same up to June 30

Electricity rates will remain the same at thirty-nine-point nine cents per kilowatt hour, at least

Love Staff May 9, 2023 No Comment

Belize Business Bureau president says government should have nationalized nightly

The President of the Belize Business Bureau, Arturo Lizarraga says he believes the government should

Love Staff May 8, 2023 No Comment

The Stevedores are back at work, but the CWU says

The estimated 200 containers that sat in Belize’s harbor over the weekend on the MV

Love Staff May 5, 2023 No Comment

Impasse continues as ship seeks to dock at the Big

The MV Aries 056 ship will be leaving the Port of Belize with all its

Love Staff May 4, 2023 No Comment

Atlantic Bank says the US dollar exchange rate now fixed

Atlantic Bank Limited has issued a public notice regarding the exchange with US currency. According

Love Staff May 4, 2023 No Comment

Business Conference held in Belize City to strengthen commercial ties

This weekend, Belizean and Mexican business owners will be gathering to discuss possible collaborative efforts

Love Staff May 3, 2023 No Comment

InterAmerican Development Bank-funded study shows Belize’s job seekers lack skills

An employability study conducted in Belize has revealed that those seeking jobs are lacking in

Love Staff April 26, 2023 No Comment

Ministry of Blue Economy Grants $11.5 Million for Marine Conservation

The Ministry of Blue Economy is pumping 11.5 million dollars into the preservation and conservation

Love Staff April 21, 2023 No Comment

Loan motion presented for Mortgage Finance Belize project

During today’s House Meeting, Prime Minister John Briceno, also rose to present a loan motion

Love Staff April 21, 2023 No Comment

Shyne Barrow speaks on ambitious plan for ten thousand houses

Stemming from the DFC Loan Motion presented today, Leader of the Opposition, Shyne Barrow spoke

Love Staff April 21, 2023 No Comment

Prime Minister Briceno counters Shyne Barrow’s remarks on housing situation

Prime Minister Briceno did not hesitate to counter Shyne Barrow’s remarks, telling him he is

Love Staff April 20, 2023 No Comment

ITEL to Expand BPO Operations in Belize Creating 500 New

ITEL, a business process outsourcing giant in Jamaica is looking to expand its operations in

Love Staff April 19, 2023 No Comment

Senator for Churches Requests Same Level of Scrutiny for Politicians

Senators spent most of the morning ventilating concerns over the Non-Profit Organization Bill that was

Love Staff April 19, 2023 No Comment

Senator Coye explains why passing non-profit organization bill is necessary

With hours of debate on the non-profit organization bill, you might be wondering why the

Love Staff April 19, 2023 No Comment

Belize secures $11M loan and grant agreement with Taiwan to

Belize has been granted an eleven million dollar loan, and a grant agreement with the

Love Staff April 13, 2023 No Comment

PM Briceno explains rational behind passport cost increase

Recent weeks have seen much opposition and concerns over the increase in passport fees. A

Love Staff April 13, 2023 No Comment

World Bank signs $25M USD agreement for Climate Resilient and

An agreement involving twenty-five million US dollars from the World Bank, with local farmers as

Love Staff April 5, 2023 No Comment

Central Bank says investigations continue into suspected instances of misappropriation

The Central Bank says that an audit will be conducted into cash management practices of

Love Staff March 31, 2023 No Comment

GOB sends stern warning to the Chinese community about price

The Government of Belize says it’s listening to the cries of the Belizean people and

Love Staff March 29, 2023 No Comment

Senators Debate General Revenue Appropriation (2023/2024) Bill,

Senators today debated the General Revenue Appropriation (2023/2024) Bill, 2023. The Prime Minister’s budget, entitled

Love Staff March 29, 2023 No Comment

SIB on 2022 Fourth Quarter GDP

The Statistical Institute of Belize held its first quarterly press conference for 2023 today. But

Love Staff March 29, 2023 No Comment

Inflation Recorded at 6.5% for First Two Months of 2023

And if you have been noticing that basic food items are costing you more, then

Love Staff March 29, 2023 No Comment

Exports Decreasing

The SIB also shared today that Belize’s exports for the first two months of the

Love Staff March 29, 2023 No Comment

Imports Increasing

According to Statistician Tiffany Vasquez, Belize’s import bill has been steadily increasing primarily due to

Love Staff March 28, 2023 No Comment

Belize’s Correspondent Banking Relations Improving

Minister of State in the Ministry of Finance, Senator Christopher Coye, says that there have

Love Staff March 28, 2023 No Comment

Minister Coye says NPO Bill is Needed

In related news, Minister Coye also commented on the Non-profit Organization Bill. The purpose of

Love Staff March 28, 2023 No Comment

The BPA is going digital

The Belize Port Authority (BPA) has partnered with the World Bank to move the organization

Love Staff March 28, 2023 No Comment

The SJCU breaks ground for its new headquarters

St. John’s Credit Union Limited is expanding its reach in hopes of providing better services

Love Staff March 27, 2023 No Comment

Poultry Prices Increasing

Effective today, consumers will be paying an average of ten cents more per pound of

Love Staff March 27, 2023 No Comment

Creating More Jobs for Residents of Dangriga

More than one hundred residents of the culture capital, Dangriga Town, graduated from a job

Love Staff March 27, 2023 No Comment

Discussing Belize’s Sustainable Ocean Plan

The Coastal Zone Management Authority and Institute held an information session on the Belize Sustainable

Love Staff March 24, 2023 No Comment

PM Briceño Delivers Speech to Conclude Three-Day Budget Debate

After a robust discourse that took place over the past three days, Prime Minister John

Love Staff March 24, 2023 No Comment

SFXCU Members Want the Central Bank’s Administrator Out!

In a show of solidarity and determination, members of the Saint Francis Xavier Credit Union

Love Staff March 17, 2023 No Comment

Rice farmers in Toledo are revitalising the industry

Efforts to revitalize Toledo District’s rice industry are well underway, and yesterday an important step

Love Staff March 16, 2023 No Comment

Minister Provides Update on Minimum Wage

It has been about two and a half months since the minimum wage increased to

Love Staff March 16, 2023 No Comment

What’s SSB doing about their non-performing loans?

Yesterday, we brought to you parts of an extended interview the media had with the

Love Staff March 15, 2023 No Comment

NGO Community takes on GOB over proposed legislation

The NGO community is once again at odds with the government. This time over the

Love Staff March 15, 2023 No Comment

SSB Invests in Sargassum Prevention Project in the Hol Chan

A large cluster of Sargassum is expected to make its way to the Caribbean region

Love Staff March 15, 2023 No Comment

SSB CEO says Good Stays is expected to repay their

Last year, Good Stays Hotel Limited applied for a 200-hundred-thousand-dollar loan from the Social Security

Love Staff March 15, 2023 No Comment

SSB wants to invest in projects

The Social Security Board says it wants to invest in meaningful projects. That’s according to

Love Staff March 15, 2023 No Comment

Police Minister explains budget allocations for community policing

The Ministry of Home Affairs and New Growth Industries, like other ministries and departments, had

Love Staff March 13, 2023 No Comment

SFXCU Board Responds to Central Bank

Saint Francis Xavier Credit Union in Corozal, the nation’s second-largest credit union, is now being

Love Staff March 10, 2023 No Comment

Central Bank Governor explains challenges with the existing Credit Union

As Central Bank Governor Kareem Michael indicated, one of the challenges that the financial system

Love Staff March 10, 2023 No Comment

Central Bank Governor appoints administrator for St Francis Xavier Credit

There’s a major development in the financial sector to report this evening. The Central Bank

Love Staff March 10, 2023 No Comment

Central Bank Governor responds to concerns over phishing in the

Weeks ago, we reported on the phishing issue that was reported at Heritage Bank in

Love Staff March 8, 2023 No Comment

SIB releases 2021 Multidimensional Poverty Index

The Statistical Institute of Belize (SIB) this morning released its findings of its 2021 Multidimensional

Love Staff March 8, 2023 No Comment

LOO wants budget to focus on healthcare, education, and other

Prime Minister John Briceño will be presenting his budget for the 2023-2024 fiscal year on

Love Staff March 3, 2023 No Comment

BSI/ASR explains why they call for an increase in sugar

We’ve continued to follow the discussion on the proposal to increase the prices of brown

Love Staff March 3, 2023 No Comment

BSI/ASR’s Finance Director says a Commission of Inquiry won’t solve

The Belize Sugar Cane Farmers Association has called on the Prime Minister to empanel a

Love Staff March 2, 2023 No Comment

GOB says MCC funds will be spent efficiently and transparently

The Government of Belize has committed to spending the funds provided by the MCC efficiently

Love Staff March 2, 2023 No Comment

Belize wants to become less energy dependent on Mexico

The Government of Belize and the Millennium Change Corporation (MCC) are hoping to steer the

Love Staff March 1, 2023 No Comment

Prime Minister Says No New Taxes in the Upcoming Fiscal

The Government is finalizing its new budget for the upcoming fiscal year. Prime Minister, John

Love Staff March 1, 2023 No Comment

Sugar Cane Producers from the North Request Sugar Price Increase

Members of the Corozal Sugar Cane Producers Association (CSCPA) and the Progressive Sugar Cane Producers

Love Staff February 23, 2023 No Comment

Was there a “definitive” Portico Agreement? Former Minister Panton says

Is there a definitive agreement or not? That’s the question that we asked former Minister

Love Staff February 23, 2023 No Comment

Albert Area Rep calls on GOB to address critical cost

The Statistical Institute of Belize reports that for the month of January 2023, the consumer

Love Staff February 23, 2023 No Comment

External trade stats indicate increases in imports and domestic imports

The Statistical Institute of Belize reports that both imports and domestic exports were on the

Love Staff February 22, 2023 No Comment

Belize calls upon the IDB to advance progressive agenda to

A progressive, modern agenda: that the cadence of what Prime Minister of Belize, John Briceño’s

Love Staff February 22, 2023 No Comment

Labour Ministry discusses child labour in communities across Belize

The International Labour Organisation (ILO) defines child labour as work, which deprives children of their

Love Staff February 22, 2023 No Comment

Career Day Held in Independence Village

Career Day was held today in Independence High School where students were taught the importance

Love Staff February 21, 2023 No Comment

PM Briceño addresses IDB Board of Governors in San Pedro

Belize has hosted the 36th annual meeting of the Governors of the Inter-American Development Bank.

Love Staff February 21, 2023 No Comment

World Bank VP Visits Vulnerable Communities in Belize City

Yesterday we told you about the visit of officials from the World Bank to vulnerable

Love Staff February 21, 2023 No Comment

FIU holds workshop with stakeholders including Law Enforcement

An awareness workshop was held yesterday at the UB President’s Conference Room in Belmopan. This

Love Staff February 20, 2023 No Comment

IMF Conclude 2023 Article IV Mission In Belize

The recent Belize Staff Concluding Statement of the 2023 Article IV Mission by the International

Love Staff February 20, 2023 No Comment

Building Resilience to Climate Change Is Imperative for Belize’s Future

The IMF’s statement also emphasized the urgent need for Belize to address the growing threat

Love Staff February 20, 2023 No Comment

Belize’s Macroeconomy Improves; Microeconomy Still Rebounding

The IMF report projects moderate inflation for Belize in 2023. The report notes that inflation

Love Staff February 20, 2023 No Comment

World Bank reps visit several Belize City communities

Staff members of the World Bank visited vulnerable communities in Belize City. Security Specialist for

Love Staff February 17, 2023 No Comment

IMF Impressed with Belize’s Reduction of Public Debt

The International Monetary Fund (IMF) recently met with the Government of Belize to discuss the

Love Staff February 17, 2023 No Comment

Galen’s Provost says there is no greater investment that in

Access to higher education in Belize is costly and relatively expensive for the everyday man.

Love Staff February 16, 2023 No Comment