Belize Times November 27, 2011

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Sunday, November 27, 2011

SUNDAY November 27, 2011

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THE BELIZE TIMES

www.facebook/Belize Times

Issue No. 4773

OUTLOOK NEGATIVE S&P downgrades Belize’s ratings AGAIN

Dean Barrow has no answers to rescuing the economy

Belize City, November 22, 2011 Magga season normally comes to Belizeans in January after the high spending gear that Christmas gets everyone into comes to an end, but the bad news that Belize’s credit worthiness has been downgraded a few more notches means magga season is already here, right now, even way before December and the jolly season.

Having placed the economy on long-term depression, Prime Minister Dean Barrow and his administration have found it difficult to meet its debt obligations. Furthermore, he has increased Belize’s public sector debt following the expropriations of Belize Telemedia Limited and Belize Electricity Limited. With the weakening economy, Barrow has also

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Barrow tek Private Sector fu cunnu munnu! Wednesday, November 23, 2011 The business sector must feel slighted this evening after attending a Government-sponsored event dubbed as an “economic forum” at Old Belize. It was headed by no less than the Prime Minister, but while the attendees sat for over three hours to listen to what was mostly, again, a list of promises, there were no real assurances about how the

Tension at Jalacte

border-crossing! By Carla Bradley On November 22nd 2011, what started out as normal day at the border between Belize and Guatemala in the Toledo District near the Palo Grande area soon became tense moments as military forces for both countries became involved in an altercation. According to information received, while conducting patrol along the border, Belize Defense Force Soldiers has to

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Barrow Administration will improve Belize’s economic status, at least not for the private sector. Barrow ranted away about plans various government departments have to improve their revenue systems, but he could not offer any tangible solution or incentive to the private sector why they should “join hands” with government departments to conduct business.

Even on the issue of crime, Barrow sang the same old tune about his expensive gang-truce in Belize City. While he admitted that the programme is costing taxpayers a whopping $50,000 per week, Barrow could not point to any improvement in crime as it relates to the business community. Only two weeks ago an American businessman was attacked and murdered inside his home in the Cayo District. Just around that same time, there were reports of at least two more home invasions, another in the same Cayo District, where an elderly couple were held hostage inside their own homes. One only needs to take a look at the evening news to see how many armed robberies occur on a daily basis. The fact is that there are two major aspects affecting the business sector: a stifling economy with no immediate opportunity for growth and income-generation, and crime and violence. It goes further than that, PUP Leader Hon. Francis meets however. Everyone knows with cane farmers to discuss a way that this UDP regime has apforward for the sugar industry plied the brakes to a once vibrant economy while creating

FORWARD WITH FRANCIS

PUP Leader Hon. Francis Fonseca celebrates Garifuna Settlement Day in Dangriga, November 19

See page 4

See page 3

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CATWALK

FASHION SHOW See page 16


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Belize Times November 27, 2011 by Belize Times Press - Issuu