Economy Contracts Sharply In 2020 First Qtr
Belize's economy contracted by 4.5% in the first quarter of 2020 due to COVID-19 and drought impacts on various sectors.
Belize's economy contracted by 4.5% in the first quarter of 2020 due to COVID-19 and drought impacts on various sectors.
Belize's imports and exports have significantly decreased due to COVID-19 and last year's drought, affecting various commodity categories.
Belize's banana producers receive good news as the UK upholds tariff preferences, preventing potential market crowding from cheaper imports.
The Statistical Institute reports on the cost of living in Belize, highlighting inflation rates and price changes across various categories and municipalities.
Belize City's Mayor Bernard Wagner urges authorities to reopen businesses to revive the city's economy amid ongoing financial struggles due to the pandemic.
The City is monitoring its revenue streams, reporting an increase in weekly revenue and traffic at city hall over the past two weeks.
The City Council is implementing a rotational work schedule for 460 employees to ensure they receive 75% of their usual pay amid financial constraints.
Tom Greenwood steps down as president of FECTAB, passing leadership to David Almendarez amid ongoing challenges in the cruise tourism industry.
FECTAB continues to support Mike Feinstein's Stakebank Cruise Port project despite previous criticisms of another development at the Port of Belize.
BPO companies in Belize report increased productivity and employee retention during the COVID-19 pandemic due to successful work-from-home arrangements.
BTL reports increased internet traffic but a significant decline in revenue due to changes in consumer behavior during the COVID pandemic.
BTL is negotiating salary cuts with staff while facing potential layoffs due to economic impacts and declining demand for services.
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