Business

Business July 17, 2006

'Maggie' Drilling for Oil off Money River Coast

Island Oil Belize Limited will begin oil drilling operations off the coast of Monkey River starting July 10th.

Business July 14, 2006

GOB's Real Take in Oil Money from BNE

The government of Belize's revenue from the oil industry is significantly lower than the projected 50% due to high operational costs.

Business July 14, 2006

$100 million With Love from Venezuela

Belize receives a $50 million loan from Venezuela to address a $200 million financing shortfall for external debts.

Business July 13, 2006

Times: BNE Secures $40 million Loan from Standard Bank

Belize Natural Energy secures a $40 million loan from Standard Bank to support its oil exploration efforts.

Business July 10, 2006

Butane Prices Up Again!

The retail price of a 100 pound cylinder of butane has increased from $94 to $102 in Belize City due to rising acquisition costs.

Business July 7, 2006

Courts Customers Go For the Jacpot

Eight Courts customers participated in the Jacpot show, with Carlos Cocom winning $1,900 in cash and $550 in school supplies.

Business July 6, 2006

No Winner Yet; Lotto Jumps to 145k

The Lotto jackpot increases to $145,000 after no one matched all five numbers in the latest draw.

Business July 5, 2006

LOTTO Jackpot Hits $142,500

The Lotto jackpot has reached $142,500, prompting a surge in ticket purchases across the city as players hope to win big.

Business July 5, 2006

GOB To BNE: 'Feel Free to Leave'

The Ministry of Natural Resources defends a proposed 40% income tax on oil companies, asserting it ensures Belize receives a fair share of oil profits.

Business July 4, 2006

GST Up; Shopping Activity Down

The implementation of the General Sales Tax has led to a significant decline in shopping activity as consumers react to price increases.

Business June 30, 2006

Counting Down To GST

The General Sales Tax will be implemented tomorrow, causing shoppers to prepare for potential price increases across various products.

Business June 29, 2006

Belize's $9 Million Island for Sale

A website is offering an island in Belize for sale at US$9 million, along with several other islands in the region.