Reelected Belize Prime Minister Will Turn to Chavez for Fuel

Belize City, Belize 8 March 2012 – Newly reelected Belize Prime Minister Dean Barrow has said he will look to Hugo Chavez for assistance in providing low cost fuel as part of his ambitious plan to reduce the extremely high cost of living in Belize. Mr. Barrow recently escaped defeat in a very narrow election. By cutting down on fuel imports from more traditional avenue, which are often priced at a premium, Mr. Barrow says that he will have no trouble continuing his “pro-poor” agenda. Although the plan was not openly available during the election cycle Mr. Barrow has pledged to immedietly commence a dialogue with President Chavez over Petro Cariber which would facilitate fuel imports to Belize from the South American...

New Parliament Sworn in

The opening of Belize’s Parliament commenced shortly after 9:00 Wednesday morning, March 21st, in the chambers of the National Assembly with the swearing in of senators and the appointment of the President of the Senate, Senator Mark Pech. The government’s senators: Charles Gibson, Lisel Alamilla, Juliet Thimbriel, Marconi Sosa and Godwin Hulse, who is the Leader of Government Business, were all sworn in. Senator Joy Grant, who is currently on official business in Brussels, will be sworn in when she returns. The Opposition People’s United Party’s senators are Lisa Shoman, who has been re-appointed, and newcomers Karen Bodden and Collet Montejo. Senator Mark Lizarraga represents the business...

Updates on Belize Oild Projects- Trety Energy Corporation

Andrew V. Reid, Chairman and Co-CEO of Treaty Energy Corporation, stated, “Treaty Energy has acquired the ‘Wireline Logging Truck’ with all supporting equipment, a system valued at over $200,000 that will be used to wireline log SAN JUAN #2 and all future wells in Belize. About Treaty Energy Corporation Treaty, an international energy company, is engaged in the acquisition, development and production of oil and natural gas. Treaty acquires and develops oil and gas leases which have “proven but undeveloped reserves” at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved...

Placencia Receives Green Light from Judge

The Placencia is pleased to announce that the Supreme Court of Belize dismissed the frivolous claims against The Placencia Marina made by the Peninsula Citizens for Sustainable Development’s self proclaimed environmentalist leader Mary Toy. All claims and challenges were soundly rejected by the Judge as totally baseless and Peninsula Citizens for Sustainable Development and Toy were ordered to pay all legal fees and costs. Belize’s First Super-Yacht Marina Wins a Landmark Lawsuit and Completes Major Construction...

Ruling Party to Initiate Bond Talks

Belize’s centrist ruling party won a second term in power on Thursday, moving the tiny Central American country closer to a renegotiation of its $550 million overseas debt.The ruling United Democratic Party (UDP) won a narrow majority in parliament, winning 17 seats in the 31-seat body while the opposition People’s United Party won 14, chief elections officer Josephine Tamai said, leaving the UDP well short of the 25-to-6 advantage it enjoyed in its first term.Prime Minister Dean Barrow said before the vote that if re-elected his first act would be to obtain more favorable terms for Belize’s so-called superbond, which makes up half of the country’s debt and is equivalent to 40 percent of its gross domestic product. Belize steps closer to bond talks with...