Business

Business July 23, 2004

Goffs Caye's New User Fee

The Coastal Zone Management Authority will start collecting a U.S. $10 entrance fee for foreign visitors to Goff's Caye from August 1st.

Business July 22, 2004

Taxi Drivers Protest Gas Increase

Taxi drivers in Belize City protest against a recent fuel price increase by displaying messages on their windshields expressing their frustration.

Business July 22, 2004

Beli-Tur faces off with Novelo's

Beli-Tur faced significant losses when a cruise ship left Belize without stopping due to a last-minute bus equipment demand that Novelo's Bus Line could not meet.

Business July 21, 2004

BTL's $25 million Expansion

BTL will invest $25 million to expand its system, focusing on connecting 5,000 new customers in rural areas of Belize.

Business July 21, 2004

S&P Downgrades Belize to Negative

Standard and Poors has downgraded Belize's credit rating from stable to negative, raising concerns over the country's public sector debt and bond offering.

Business July 20, 2004

Orange Walk's New $22 million Highway

The Ministry of Works inspects a new $22.7 million highway project in Orange Walk aimed at reducing traffic congestion.

Business July 20, 2004

Intelco Suiting Up for Bidders

Intelco is restructuring its management and seeking investors, including Digicel, AT&T, and ICC, amid pressure from creditors.

Business July 20, 2004

Courts' Gold Rush First $5,000 Winner

Martha Novelo from Yo Creek won $5,000 in the fourth Courts Gold Rush Draw held at BTL park.

Business July 20, 2004

Its Exotic..Its Aromatic..Its Jasmine Rice!

Belize begins producing Jasmine rice for local consumption and potential export, with hopes for increased market opportunities despite challenges in production costs.

Business July 19, 2004

Intelco Fires Top Execs

Intelco has fired its entire upper management as the company faces impending bankruptcy and seeks to enhance its position for a potential buyout.

Business July 19, 2004

Brace for Record Gas Increase

The pump price of gas in Belize will see its largest increase ever at midnight, with premium gas reaching $8.33 in Belize City.

Business July 16, 2004

INTELCO Closes Shop but is it for Good?

INTELCO employees received a letter announcing office closure for restructuring, causing confusion about their return to work amid financial troubles.