Business

Business May 18, 2005

Consultant Will Settle BEL Rate Standoff

The PUC has appointed consultant Dennis Colenutt to resolve BEL's dispute over rate increases after BEL objected to the approved 8% hike.

Business May 18, 2005

GOB Calls BTL Union to the Table

The BTL Communication Workers Union has until June 6th to secure funds to purchase the government's share in BTL amid financial pressures on the government.

Business May 17, 2005

BTL on World Telecom Day

BTL showcased its technology and services on World Telecom Day, while CEO Gaspar Aguilar discussed the impact of a recent national shutdown and ongoing board challenges.

Business May 17, 2005

GOB's Ballooning June Bill

the government of Belize faces a ballooning payment of BZ$60 million due on June 2nd for a matured bond.

Business May 16, 2005

GOB's Hefty June Debt Servicing Bill

The government faces a $61 million debt servicing bill in June, with a significant payment due to Solomon Smith and Barney.

Business May 16, 2005

BEL's Record Profits at AGM

BEL reports record profits of $15.8 million at its annual general meeting, celebrating a 7% increase in energy sales.

Business May 13, 2005

Newco Responds to GOB

Newco clarifies its position in the arbitration case against the government regarding the airport deal with Lufthansa Consulting.

Business May 11, 2005

Truce in Rice War

The Belize Marketing Development Corporation and rice producers reached a truce with a new agreement for rice distribution in Belize.

Business May 10, 2005

Rice Woes Escalate to Rice War!

The dispute over rice marketing escalates as the BMDC confiscates rice from stores, leading to negotiations with producers for better pricing and distribution rights.

Business May 9, 2005

Trade Minister Comments on Rice Woes

Trade Minister Vildo Marin discusses rice licensing issues with farmers and plans a meeting with the Prime Minister for resolution.

Business May 9, 2005

IMF Warns of Devaluation in 2006

The IMF warns that Belize's fiscal stance is unsustainable and predicts currency devaluation in 2006 without corrective measures.

Business May 9, 2005

The Troubled Future of Belize's Rice Industry

Belize's rice industry faces challenges as producers unite to address rising costs and competition from imports while aiming for better market control.