Business

Business July 29, 2004

DFC and Belize Bank’s $50 million Transaction

Belize Bank has recorded a $50 million loan to DFC as part of negotiations to buy a portion of its portfolio.

Business July 29, 2004

Social Security is Paying Glenn Godfrey's Bills

Social Security has paid $6 million towards Glenn Godfrey's mortgage due to his financial difficulties and defaulted loans.

Business July 29, 2004

Jeff Prosser’s Offer to Buy Intelco

Jeffrey Prosser is negotiating to buy Intelco, with a deal involving Belize Telecom Limited and significant debts to various banks.

Business July 28, 2004

Glenn Godfrey and SSB

The Social Security Board has been making payments on loans owed by Glenn Godfrey and Company, totaling $6.4 million.

Business July 28, 2004

Belize Bank's $50 million Loan/Transaction with DFC

Belize Bank has recorded a $50 million loan transaction to buy DFC's loan portfolio amid ongoing negotiations over the true valuation of the assets.

Business July 28, 2004

Jeffrey Prosser in Talks with Intelco

Jeffrey Prosser is in Belize to discuss a potential buyout of Intelco, with speculation about the company's future structure.

Business July 28, 2004

Bear Stearns on Belize's Bond Issue

Belize faces challenges in floating a $225 million bond due to financial mismanagement and concerns from investors about the country's debt profile.

Business July 28, 2004

The Changing Price of Rice

The price of rice has increased at grocery stores, with retailers illegally charging more than the controlled price of 85 cents per pound.

Business July 28, 2004

Belize's New Broadcast Boss

Silvana Woods has been appointed as the new chairperson of the Belize Broadcasting Authority, succeeding Phillip Zuniga.

Business July 26, 2004

Tour Guides Say $10 is too Much to Pay To Play on Goff’s Caye

A new U.S. $10 fee for tourists visiting Goff's Caye has raised concerns among tour operators about its impact on profits.

Business July 26, 2004

BTL’s Earnings are Up But Profits are Down

BTL reported record earnings of $123 million but a 15% drop in profits due to high operating expenses.

Business July 23, 2004

BELPRO CONEX 04

The fourth annual Belize Producers Convention and Exhibition showcases local products and services from various Belizean producers this weekend in Belize City.