Business

Business January 25, 2006

ICC: Prosser Didn't Default on RBTT Loan

Jeffrey Prosser did not default on his loan to the Royal Bank of Trinidad and Tobago, according to ICC's Vice-President of Public Relations.

Business January 24, 2006

Prosser Defaults, RBTT Will Sell, Ashcroft Might Buy

Jeffrey Prosser has defaulted on a US$25 million debt, leading RBTT to consider selling its shares in BTL to Michael Ashcroft.

Business January 23, 2006

BTL Customer Drives Off in $40,000 Car

Sergeant Mark Laredo received a $40,000 vehicle from BTL after winning a lottery at BTL Park.

Business January 18, 2006

$2.3 million in Debt Relief from UK

Belize qualifies for $2.3 million in debt relief from the UK as part of the Commonwealth Debt Initiative.

Business January 18, 2006

Cautious Optimism Over Belize's Oil Finds

Belize is set to load 40,000 barrels of crude oil for the U.S. as drilling continues on a third well with cautious optimism about commercial viability.

Business January 18, 2006

First A Frontier, Now A Dmax

The British High Commission donated a pickup truck to the Ministry of Economic Development to support Belize's national development and poverty elimination strategies.

Business January 17, 2006

Entrepreneurs Want Piece of Tourism Pie

Small entrepreneurs in Belize's tourism sector will receive technical assistance to improve their competitiveness and product quality through a new project funded by the IDB.

Business January 12, 2006

How A $199 Phone Can Get You A $40,000 Car

A BTL customer will win a 2005 Nissan Platina through a promotion requiring the purchase of a $199 Digicell package.

Business January 12, 2006

Bob Garcia & Novelo Brothers Face-off

Bob Garcia and the Novelo brothers faced off in a media appearance to discuss the collapse of Belize's national bus service.

Business January 11, 2006

Novelo Brothers Want Their Company Back!

The Novelo family submitted a proposal to the Minister of Transport to stabilize Belize's national bus system and take over the Novelo Bus Line's operations.

Business January 10, 2006

Butane Prices Shoot up by $4!

Butane prices increased by $4 nationwide, with costs varying by location, reaching a high of $102 in Benque.

Business January 9, 2006

Smooth Ride Back-to-School for Commuters

The national transportation system successfully managed peak commuter demand as schools resumed, despite the recent collapse of Novelo's bus service.