Economy

Economic growth lagging behind 2014, but unemployment rate down: SIB

Economic growth lagging behind 2014, but unemployment rate down: SIB

BELIZE CITY, Wed. Nov. 25, 2015–Economic growth so far in 2015 is lagging way behind last year’s, with the Gross Domestic Product contracting by 1.0% between July and September, according to data released by the Statistical [...]

Commercial prices in Dangriga rise, contrary to fall in national average

Commercial prices in Dangriga rise, contrary to fall in national average

BELIZE CITY, Thurs. June 25, 2015–The latest report issued by the Statistical Institute of Belize (SIB) states that nationwide, the inflation rate was down in May, although the municipality of Dangriga stands out as the only [...]

Belize more “liquid” than ever!

Belize more “liquid” than ever!

BELIZE CITY, Thurs. Apr. 9, 2015–Bank savings accounts and shares in the major utility companies are some of the financial investment vehicles that have been traditionally used in Belize; however, in recent years, we have seen [...]

BEL proposes a 10.4% reduction in light bills

BEL proposes a 10.4% reduction in light bills

BELIZE CITY, Wed. Apr. 1, 2015–A fall in crude oil prices has meant that power generation from traditional fossil fuel sources has become less expensive, and now the Belize Electricity Limited (BEL), a government-owned utility company, [...]

Belize’s exports decline for 4th consecutive year

Belize’s exports decline for 4th consecutive year

BELIZE CITY, Wed. Jan. 28, 2015–Information released by the Statistical Institute of Belize (SIB) indicates that Belize’s exports have declined in value for the 4th consecutive year, but 2014 registered the sharpest decline over the period [...]

Let the sugar season begin

Let the sugar season begin

ORANGE WALK, Mon. Jan. 26, 2015–After a long-drawn-out impasse that almost dealt a devastating blow to the local sugar industry recently, the quiescent mills at the Tower Hill sugar factory finally kicked into action shortly before [...]

PM says sugar dispute should be resolved “before the year is out”

PM says sugar dispute should be resolved “before the year is out”

BELIZE CITY–The mills at the Tower Hill sugar factory remain dormant today since the disagreement between the local cane farmers’ association and the Belize Sugar Industries (BSI)/American Sugar Refineries (ASR) is yet to be resolved, but [...]

Inflation drops with price ease at the pumps

Inflation drops with price ease at the pumps

BELIZE CITY–A plunge in pump prices due to falling world market prices for crude, as well as an ease in food costs, have led to only marginal inflation of 0.2% for November 2014, according to data [...]

Cañeros to BSCFA: “Roll the Fairtrade money!”

Cañeros to BSCFA: “Roll the Fairtrade money!”

ORANGE WALK–Although there might have been a breakthrough resolution in an effort to get the sugar industry back on its feet during a crucial meeting between the Belize Sugar Cane Farmers Association (BSCFA) and a fraction [...]

Belize economy expanded 4.8% in 3rd quarter, inflation 0.7%

Belize economy expanded 4.8% in 3rd quarter, inflation 0.7%

BELIZE CITY–The Statistical Institute of Belize released the latest economic statistics today, Wednesday, November 26, 2014, at a press conference held at the training room at the Central Bank of Belize in Belize City. The data [...]