Business

Business July 26, 2005

Premium Gas at $9.07; Drivers Feeling 'Gas Pain'

gasoline prices in Belize have surged to an all-time high of $9.07 per gallon, causing distress among drivers.

Business July 25, 2005

$115,000 LOTTO Jackpot Picked up...Finally

Belize City businessman Sydney Thurton claims a $115,000 LOTTO jackpot after finding his winning ticket a month after the draw.

Business July 22, 2005

Prosser Threatens to Sue Over BTL Board Changes

Jeffrey Prosser threatens legal action against BTL's Company Secretary over board member changes initiated by the government and Michael Ashcroft.

Business July 22, 2005

Fish Cleaners Cry Out Against CITCO Taxes

Fish cleaners and vendors at the Vernon Street Market protest against new taxes imposed by the Belize City Council, claiming it threatens their livelihoods.

Business July 22, 2005

Carnival Cruise Port Project is A Go!

Carnival Cruise Tourism Port Project is set to proceed after negotiations between Carnival and Belize Ports Limited concluded successfully.

Business July 21, 2005

BTL Board Gets Two New Directors

Gaspar Aguilar and Karen Bevans were replaced on the BTL board by Phillip Zuniga and Ediberto Tesecum following a government resolution.

Business July 21, 2005

BEL: 7,256 Consumers Not 14,000

BEL reports that 7,256 electricity consumers have been reclassified from the social to the general rate, leading to a significant increase in their bills.

Business July 20, 2005

Sale Closed; Ashcroft back at the BTL Helm

Michael Ashcroft regains majority control of BTL after a share purchase agreement with the government, pending negotiations on a guaranteed rate of return and Intelco's debt.

Business July 20, 2005

Were 14,000 BEL Customers/Voters Duped?

Approximately 14,000 BEL customers will see their electricity rates increase by 75% due to the removal of a subsidy.

Business July 19, 2005

Tourism Industry Braces for Hurricane Season

The Belize Tourism Industry Association is conducting a hurricane preparedness workshop to mitigate potential damages from hurricanes during the active season.

Business July 19, 2005

PUC Takes Back from 14,500 BEL Consumers

The PUC has reversed a previous decision, leading to increased electricity rates for 14,500 small and medium consumers in Belize.

Business July 15, 2005

BEL 'Disappointed' with 39 cent Increase

Belize Electricity Limited expresses disappointment over the Public Utilities Commission's decision to increase electricity rates to 39 cents per kilowatt hour.