Business
CITCO Got Commercial Loan At 10%
Belize City is taking out a commercial loan of nearly 4 million dollars at 10% to finance new projects and settle judgment debts.
Business
Business
GDP Ticks Up Slightly In Fourth Quarter
The Statistical Institute of Belize reports a slight GDP increase of 0.6% for the fourth quarter of 2015 amid challenges in the fishing and agriculture sectors.
Business
Exports Crashed
Belize's exports fell by 43.1% in February, with all major exporting sectors showing negative growth for the first time this year.
Business
Inflation Inches Up
The inflation rate for February increased by 0.3% compared to the same month in 2015, driven by rising fuel prices and varying rates across different districts.
Business
Slight Citrus Relief, Still No Bridge Financing
Citrus farmers will receive interim payments as CPBL secures funds, but critical bridge financing from Heritage Bank remains unapproved.
Business
Harvest Caye Opening Slated For November
Harvest Caye Cruise Port is set to open on November 15, 2016, following construction delays and will employ hundreds of Belizeans.
Business
Belize And Venezuela Launch Food Security Project
Belize and Venezuela have launched a food security project funded by Petrocaribe to benefit six communities in Toledo.
Business
Citrus Growers Still Waiting On Payday
Citrus growers are still awaiting payment as the Central Bank deliberates on a loan to the Citrus Products of Belize.
Business
Declining Fortunes At Freezone
The Government forecasts moderate GDP growth as business declines at the Corozal Free Zone due to falling tobacco sales and increased crackdowns in Mexico.
Business
Correspondent Bank Coming Through, Slowly
The Prime Minister reported progress in establishing correspondent banking ties with a major US bank after discussions with the US Treasury Department.
Business
Central Bank Reviewing Heritage Bank Loan To CPBL
Heritage Bank's loan to Citrus Products of Belize Limited awaits approval from the Central Bank to provide necessary financing for farmer payments.
Business
PUC Says BEL Can’t Get All
The Public Utilities Commission has approved a rate increase for electricity, raising the mean rate to 36.43 cents per kilowatt hour.
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