Business

Business November 9, 2006

Emilsa De La Fuente Hits Courts' Jacpot

Emilsa De La Fuente won $1,900 and a travel voucher in Courts' Jacpot Show, coming close to the $5,000 jackpot.

Business November 8, 2006

What Ralph Fonseca Told Dean Boyce About VoIP

Dean Boyce confirmed to 7NEWS that he expressed BTL's concerns about VoIP to Minister Ralph Fonseca, who he believes will accommodate them.

Business November 8, 2006

Powering Up Bagasse with Money from IDB

Belize is set to benefit from a US$6 million loan to build a cogeneration power plant using bagasse.

Business November 8, 2006

GOB To Set Up Petroleum Management Fund

The government is establishing the Belize Petroleum Revenue Management Fund to manage oil earnings and support tourism by amending the marriage act for short-term visitors.

Business November 7, 2006

BNE Making $72 million from Oil, GOB Taking Only $3 million

Belize Natural Energy reports $72 million in oil revenue while the government has only collected $3 million from petroleum operations.

Business November 7, 2006

Tropic Air Cessna Emergency Lands in Sea off Corozal

a Tropic Air flight from San Pedro to Corozal made an emergency landing in the sea due to engine problems, but all five passengers were unharmed.

Business November 6, 2006

Free Zone Fire: Tale of the Tape

A fire in the Corozal Free Zone destroyed 15 warehouses, prompting calls for better firefighting resources and raising concerns about negligence in response efforts.

Business November 3, 2006

Bear Stearns: Belize's Debt Re-profiling terms is Unacceptable

Bear Stearns reports that creditors find Belize's debt re-profiling terms unacceptable, raising concerns about a potential default on upcoming payments.

Business October 31, 2006

$5 million more from Venezuela!

The government of Belize is set to receive an additional US$5 million from Venezuela for poverty alleviation efforts.

Business October 30, 2006

Fire Wipes Out Free Zone Plaza

A massive fire destroyed part of the Corozal Free Zone, causing millions in losses for businesses, with an investigation ongoing into the cause.

Business October 30, 2006

Committee of Five Says: Sell!

The Committee of Five recommended selling 47% of Citrus Products of Belize Limited to Blue Water Investments for $25 million, pending agreement on several conditions.

Business October 26, 2006

DFC's $50 million Paper Transaction

Roberto Bautista testified about irregularities in the $30 million loan issued to Novelo's group during the Commission of Inquiry.