Business

Business November 9, 2004

GOB is Making Money Scarce

the government has implemented a tight monetary policy, reducing liquidity in the banking system and affecting borrowing costs for businesses and individuals.

Business November 9, 2004

BTL Goes South

BTL announced the start of its fiber optic network expansion into southern Belize, aiming to enhance communication capacity and coverage.

Business November 5, 2004

INTELCO Plunges into Receivership

Intelco is now in receivership as accountant Cedric Flowers works to recover US$25 million owed to the Royal Merchant Bank of Trinidad.

Business November 3, 2004

Regional Shrimp Symposium Opens

The International Intensive Shrimp Culture Symposium opens in Belize, showcasing the country's growing aquaculture industry and its significant shrimp export achievements.

Business November 2, 2004

The End of Cheap DVDs?

Belizean DVD suppliers are exiting the market due to legal threats from Princess Hotel and Casino over copyright issues.

Business November 1, 2004

Hoteliers Weigh in on Cruise Tourism

The Belize Hotel Association recommends renegotiating cruise contracts and increasing visitation fees to improve the impact of cruise tourism in Belize.

Business October 28, 2004

Cordel Hyde on Future of Bus Industry

Minister of Transport Cordel Hyde discusses the proposed changes to the bus industry and the challenges of recovering loans from Novelo's.

Business October 28, 2004

Novelo’s Retrospective: The Fall of a Megalith

Novelo's Bus Company collapsed under debt and public discontent after years of protests against its monopolistic practices and poor service.

Business October 27, 2004

The End of The Novelo’s Bus Monopoly

The government plans to break up Novelo's bus monopoly and sell it into four franchises for smaller bus lines.

Business October 27, 2004

GOB Tries to Bargain with Carnival Corp.

the government of Belize is negotiating with Carnival Corp. to modify contract clauses regarding Belizean employment and cruise tourism policy for a $100 million project.

Business October 27, 2004

Good News for Belize’s Rice in Europe

Belize has exported 56,000 pounds of organic rice to France, marking a significant milestone for local farmers and the export market.

Business October 26, 2004

Port Fires Back at Disgruntled Stevedores

The Port of Belize responds to protests by stevedores, announcing plans to hire new workers and bypass the existing union agreement.