Archive for November, 2009

Belizean businesses lose money

Thursday, November 26th, 2009

On November 23, during the Chamber of Commerce’s weekly show called The Business Perspective on Love FM, guests of the show said that the productive and commercial sectors were losing about 20% of revenues across the board.

This show was titled the “Business Round Table”. Its guests were Belizean businessmen from the productive and commerce sectors in Belize. During the discussion, the panel stated that the recession that is currently in full swing is having a serious effect on Belizean businesses .Actually, the recession influences their ability to keep operating at a profit.

As inflation is on the rise and consumer spending is on the decline, it is becoming more difficult for businesses to access affordable credit or to properly manage their cash flow.

Some businesses are struggling to remain open. In the Corozal Free Zone, a number of businesses have already closed down. In Belize City, some well-established businesses have suffered under this recession. For example, the Belize Photolab closed down and it has been announced that the Belize Glass Shop will be pulling down its shutters in a few week’s times.

It was discussed in the show that the last recession hit Belize in 2003. However, the difference between 2003 and 2009 recession is that in 2003 the PUP Government was able to implement plans to deal with the problem. In a current situation, it seems to many people that the Barrow Administration has no idea of what to do about the problem.

Belize and Israel sign visa waiver agreement

Thursday, November 19th, 2009

On November 16, the visa waiver agreement was signed between Belize and the State of Israel.

The agreement was signed in both Hebrew and English. The signing lifted the visa requirements for diplomatic and ordinary passport holders from both countries.

The signing ceremony was attended by Attorney General and Minister of Foreign Affairs and Foreign Trade, Hon. Wilfred Elrington, from Belize, and H.E. Mattanya Cohen and Hon. Wilfred Elrington from for Israel. The Honorary Consul of Israel in Belize, Mrs. Rosalinda Wischenka was also present at the event.

Minister Elrington said that Belize was strengthening its relationship with Israel and it can benefit tremendously from this.

Mission between Belize and Taiwan to be endorsed

Wednesday, November 11th, 2009

On November 6, the Ministry of Public Service, Governance Improvement and Elections and Boundaries in conjunction with the Republic of China (Taiwan) International Cooperation Development Fund hosted a ceremony aimed to celebrate some of the completed missions for 2009 by Taiwan’s Technical Mission to Belize.

A signing ceremony called “letter of Confirmation” endorsed the following completed missions by Taiwan’s Technical Mission:
Design and develop a new GOB Web Portal;
Design and Develop a new Ministry of Foreign Affairs Website;
Development of a gaming and EPZ Database System for Ministry of Economic Development;
Development of supplies control Unit Database for the Bureau of Standards;
Development of an Archive and Record Management System;
The creation of a sub-section and Record Management System;

The Government of Belize stated on November 5 that it appreciates the continued assistance from people of Taiwan.

Belize-Guatemala Partial Scope Agreement on public consultation

Thursday, November 5th, 2009

On November 4, 2009, it was announced that the Directorate for Foreign Trade in conjunction with the Ministry of Agriculture, BAHA, Customs and representation from the Belize Agroproductive Sector Group will conducting public consultations in order to discuss the Belize-Guatemala Partial Scope Agreement.

The meeting will be attended by various Ministries and Agencies that will brief the participants on several aspects of the agreement aimed to governs trade.

Several representatives of the exporting private sector will share their experience and discuss how expect trading conditions to improve under the Belize-Guatemala Partial Scope Agreement. Also, potential exporters will address any concerns on exporting to Guatemala.

The meetings are scheduled to be held in Belize City on November 12, 2009 for Central and Northern Belize and in Belmopan City on November 17, 2009 for Western and Southern Belize.

It should be indicated that the general public is invited to the event.