Business

Business December 16, 2008

Michael Swift Takes Over BELTRAIDE

Michael Swift has been appointed as the new Executive Director of BELTRAIDE following the resignation of Guadalupe Lima and Board chairman Jeffrey Locke.

Business December 16, 2008

Venezuela and the Belize Bank

the Belize Bank received 20 million USD in grants from Taiwan and Venezuela to settle the Universal Debt, amid concerns over government transparency.

Business December 12, 2008

National Transport Threatens to Fire 160 Workers

National Transport Bus Company plans to terminate 160 workers due to reduced bus runs and financial difficulties ahead of Christmas.

Business December 12, 2008

Ashcroft's Hayward Trust Purchases US$5 million in Belizean Superbonds

The Hayward Charitable Trust purchased US$5 million in Belizean Superbonds, indicating a lack of confidence in the Belizean economy.

Business December 11, 2008

Albert Street Vendors Resisting Move to Battlefield Park

Street vendors on Albert Street oppose relocation to Battlefield Park due to concerns about cleanliness and business viability.

Business December 10, 2008

Jaguar Paw Turns Back Cruise Solutions and Discovery Expeditions

Jaguar Paw Resort has barred tours from Cruise Solutions and Discovery Expeditions due to unpaid debts totaling nearly $700,000.

Business December 4, 2008

Belize Bank Restates Claim to the US$10 million

Belize Bank asserts its claim to recover US$10 million in public funds amid allegations of theft involving the government.

Business December 4, 2008

The Economy Rebounds

The Statistical Institute of Belize reports strong GDP growth of 8.2% in the third quarter, despite ongoing inflation and declines in construction and fishing sectors.

Business December 4, 2008

PM Barrow Discusses Tax Increases at Business Mixer

Prime Minister Barrow discussed upcoming tax increases affecting real estate developers and tourism at a business mixer with the Belize Chamber of Commerce and Industry.