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    FIRST EVER DOWNTOWN FLEA-MARKET A SUCCESS

FIRST EVER DOWNTOWN FLEA-MARKET A SUCCESS

REPORTER: Marion Ali, Assistant Editor, – Downtown businesses that took part in the first ever flea market yesterday have reported that they saw much better business, and Deputy Mayor Oscar Arnold says it made for a “Super sale Saturday.” Deputy Arnold told the Reoorter today that the businesses all said

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    CONCERN OVER SURVIVAL OF FREE-ZONE MOUNTS

CONCERN OVER SURVIVAL OF FREE-ZONE MOUNTS

REPORTER: News Staff, – There is growing concern among the business community and in political circles over a recent announcement by Mexican President-Elect, Andres Manuel Lopez Obrador, that Quintana Roo and other Mexican border states would be converted into free-zone states with significantly lower Value Added Tax (VAT) rates and

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THE B.C.C.I CODE OF CONDUCT

“The objectives of the Chamber shall be: (a) to foster the economic growth and social well-being of Belize through the free-enterprise system at all levels by promoting and protecting both nationally and internationally, commerce, all sectors of industry and agriculture, including agri-business, tourism and manufacturing, the professions and the trades”—Section

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    PRIMARY SURPLUS

PRIMARY SURPLUS

REPORTER: News Staff, – In the soup of economic statistical variables that often find themselves in the public discourses regarding the health of the Belizean economy, of late one that has been worthy of even more attention is Belize’s primary surplus. Defined as the difference between the country’s current revenues

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    TEST OF BELIZE’S BANKING SYSTEM LOOMS

TEST OF BELIZE’S BANKING SYSTEM LOOMS

The banking system of Belize is about to be tested in new and historic ways. An urgent application has been made by several companies to the Supreme Court in regards to the liquidation of Choice Bank Limited. A group of claimants comprising several companies who claim that Choice Bank held

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    CWU and CENTRAL BANK SIGN NEW CBA

CWU and CENTRAL BANK SIGN NEW CBA

REPORTER: Benjamin Flowers, – The Christian Workers Union has negotiated a new collective Bargaining Agreement with the Central Bank of Belize, allowing the security staff to get a 10 percent salary raise. The CWU announced the new CBA today, explaining that agreement is for three years with 5 percent of

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    BELIZE BROKERAGES NAMED IN FIRST FATCA CONVICTION

BELIZE BROKERAGES NAMED IN FIRST FATCA CONVICTION

REPORTER: News Staff, – An investigation by US authorities into stock fraud involving multiple Belize-based brokerages has resulted in the first ever conviction for violation of the Foreign Account Tax Compliance Act (FATCA), which was enacted in 2010. UK citizen and CEO of offshore Loyal Bank Ltd., Adrian Baron, 63,

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    $95M VOTE GOES TO THE HOUSE

$95M VOTE GOES TO THE HOUSE

The Government of Belize has announced a Special Sitting of the House of Representatives this Friday, during which a vote will be taken on whether or not to pay the $95 million award owed to the Belize Bank over the complex UHS agreement signed by the former PUP administration. The

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