分类: business

  • Belize Jungle Retreat Turns Legal Battleground

    Belize Jungle Retreat Turns Legal Battleground

    A once-promising partnership to develop a luxury jungle retreat in Belize has devolved into a bitter legal battle, raising questions about financial transparency and accountability. The project, Howler Jungle House and Cabanas, was initiated by Dr. Sade Thompson, an American investor, in collaboration with Belizean couple Kenny and Shanna Williams. The venture aimed to create high-end accommodations for tourists seeking to experience Belize’s natural beauty. However, the dream quickly turned sour as costs ballooned and allegations of financial mismanagement emerged. Initially, Dr. Thompson was quoted $80,000 for a two-bedroom unit, but the price escalated to $124,000 without clear justification. Despite receiving detailed invoices, Thompson and her partners grew suspicious of where their funds were allocated. Attorney Andrew Bennett, representing the Williamses, countered that the investors received exceptional value for their money, citing the property’s eco-friendly features and prime location. The dispute deepened as Thompson revealed additional expenses, including rent and contractor fees, which were not initially disclosed. Consultant Jazmynn Tillett, brought in to assess the situation, accused the Williamses of exploiting the investors and failing to provide accountability. The conflict has now escalated to legal action, with both sides disputing ownership and financial control. The case highlights the challenges of cross-border investments and the importance of clear agreements in business partnerships.

  • Transporting Vehicles More Dangerous Than Ever

    Transporting Vehicles More Dangerous Than Ever

    The lucrative business of transporting used vehicles from the United States to Belize is facing unprecedented challenges, as car dealers report escalating dangers and extortion fees along Mexican highways. While the trade has historically been profitable, with dealers earning thousands of dollars per vehicle, the rising risks are forcing many to reconsider their involvement. Dealers are required to pay legal fees at the Mexican border and a protection fee, known as a pedimento, to cartels for safe passage. However, these payments no longer guarantee security, as extortion points manned by armed civilians have become increasingly common. Robert McClaren, a seasoned car dealer, shared his harrowing experiences, detailing how each trip has become more perilous and costly. He recounted paying thousands in extortion fees at multiple checkpoints, often just minutes after crossing the border. The situation has created significant obstacles for dealers, threatening the viability of this once-thriving trade.

  • PROSPER Brings Jobs, Hope to Toledo and Stann Creek

    PROSPER Brings Jobs, Hope to Toledo and Stann Creek

    In a significant move to bolster economic resilience and create sustainable opportunities, the PROSPER initiative was officially launched in Belize’s Toledo and Stann Creek districts. The event, held at Toledo Bible College in Yemeri Grove, brought together key stakeholders, including representatives from the International Labour Organization (ILO), the European Union, and the Government of Belize. PROSPER, which stands for Participation, Ownership, and Sustainable Progress for Economic Resilience, is a four-year project with a budget of nearly nine million Belize dollars. It aims to empower local communities by fostering entrepreneurship, generating employment, and enhancing social inclusion, particularly among youth, women, and indigenous groups. ILO Deputy Director Noortje Denkers underscored the initiative’s alignment with Belize’s Decent Work Country Program, emphasizing the organization’s dedication to job creation and rural development. Leroy Martinez from the Ministry of Economic Transformation reiterated the government’s commitment, while Minister Florencio Marin Jr. highlighted PROSPER’s integration into the broader national agenda under Plan Belize. This initiative marks a transformative step toward building stronger, more resilient communities in southern Belize.

  • FLASH : IBC Air’s inaugural Miami-Les Cayes passenger flight

    FLASH : IBC Air’s inaugural Miami-Les Cayes passenger flight

    In a groundbreaking development for Haiti’s aviation sector, IBC Air has officially announced the launch of its new passenger flight route connecting Miami, Florida, to Antoine-Simon International Airport in Les Cayes. The announcement was made by Dumitrie Fouchard, the Haitian representative for the American airline, in a formal letter addressed to the Regional Coordinator. The inaugural flight is set to take off on Monday, November 10, 2025, marking a significant milestone in regional air travel. Following the launch, IBC Air will operate regular flights on Mondays, Wednesdays, and Fridays, with arrivals scheduled for 9:30 a.m. and departures at 10:30 a.m. To accommodate passengers during the initial phase, the departure lounge at Antoine-Simon International Airport will be temporarily housed in a tent, as authorized by relevant authorities. This interim solution will remain in place until the construction of a permanent departure lounge is completed. The new route is expected to enhance connectivity between Haiti and the United States, fostering economic and cultural exchanges while providing a vital link for travelers.

  • CCJ Rules Bank of Nova Scotia Liable for Withholding Tax on Cross-Border Payments

    CCJ Rules Bank of Nova Scotia Liable for Withholding Tax on Cross-Border Payments

    In a landmark ruling, the Caribbean Court of Justice (CCJ) has determined that the Bank of Nova Scotia is legally responsible for withholding tax on cross-border payments. The decision, which carries significant implications for international banking operations, underscores the growing scrutiny of tax compliance in global financial transactions. The case originated from allegations that the bank failed to adhere to tax regulations when processing payments across borders, leading to potential revenue losses for the involved jurisdictions. The CCJ’s verdict emphasizes the importance of financial institutions maintaining rigorous compliance with tax laws, particularly in an era of increasing cross-border economic activities. This ruling is expected to set a precedent for similar cases, prompting banks to reassess their tax withholding practices and ensure adherence to international tax standards. Legal experts suggest that the decision could lead to heightened regulatory oversight and potential reforms in cross-border payment systems.

  • New Rules for Mailing to the U.S.

    New Rules for Mailing to the U.S.

    Starting November 2025, individuals and businesses in Belize planning to send packages to the United States must adhere to a new customs declaration process. The Belize Postal Service has introduced the Customs Declaration System (CDS), requiring all senders to complete a detailed form before mailing goods to the U.S. This change follows the U.S. government’s Executive Order 14324, issued in July 2025, which eliminated the “duty-free de minimis” rule that previously allowed goods valued under $800 to enter the U.S. tax-free. Now, every package must declare its contents, value, and country of origin, and all are subject to applicable tariffs. To ensure public compliance, the Belize Postal Service has launched a nationwide roadshow to educate customers on the updated requirements. The CDS, developed by the Universal Postal Union, enables electronic transmission of customs data to U.S. Customs and Border Protection. While Belize temporarily suspended U.S. mail services to align with the new regulations, officials anticipate resuming shipments by the end of November. Importantly, regular postage fees remain unchanged, with only the added customs duties mandated by the U.S. government. These duties are calculated based on the item’s origin and the corresponding tariff rate, payable at the time of shipment.

  • Saint Lucia’s Cocoa Sector Ripe for Development, FAO Finds

    Saint Lucia’s Cocoa Sector Ripe for Development, FAO Finds

    A recent mission by the Food and Agriculture Organisation of the United Nations (FAO) has highlighted Saint Lucia’s pivotal role in the Eastern Caribbean’s specialty cocoa sector, demonstrating how even limited production can drive a thriving value-added market. From August 6 to 26, 2025, FAO’s cocoa market analysis team, led by specialist Gustavo Ferro, conducted an extensive assessment of the cocoa industries in Saint Lucia, Dominica, Grenada, and Saint Vincent and the Grenadines. The mission aimed to identify sustainable growth strategies for the region’s cocoa sector, which is rich in flavor and entrepreneurial spirit, and eager to carve out a niche in premium international markets. In Saint Lucia, smallholder farmers and local processors are already capitalizing on opportunities through bean-to-bar chocolate production, artisanal cocoa products, and cocoa-based tourism experiences. Ferro emphasized that even modest production can sustain a vibrant market, particularly when integrated with Saint Lucia’s robust tourism sector. This synergy between agriculture and tourism has positioned the island as a prime candidate for niche market development, with traditional cocoa tea, boutique chocolate tours, and locally crafted products attracting international buyers seeking authenticity and unique flavors. Across the four islands, the FAO mission identified key opportunities to enhance competitiveness, including strengthening farmer networks and logistics, fostering value-added innovation, leveraging agro-tourism potential, and promoting sustainable practices such as biodiversity and agroforestry systems. Ferro praised Grenada’s fine-flavor cocoa and entrepreneurial farmers, commended Saint Vincent and the Grenadines for preserving cocoa traditions, and highlighted Dominica’s biodiversity and cooperative energy. The mission’s findings will inform a comprehensive roadmap for the Eastern Caribbean cocoa sector, with country-specific analyses and strategies to strengthen positioning in fine-flavor markets. These insights will be presented at the Subregional Dialogue on the Specialty Cocoa Sector in November 2025 in Trinidad and Tobago. FAO’s efforts align with the broader project “Strengthening the Foundations for a Specialty Cocoa Sector in the Caribbean,” underscoring cocoa’s potential to bolster local economies and improve rural livelihoods.

  • Journey to destination chocolate

    Journey to destination chocolate

    Ashley Parasram, the visionary director of the Trinidad and Tobago Fine Cocoa Company, has dedicated the past decade to revitalizing the islands’ cocoa industry. His journey began in 2012 when he returned to his birthplace, Trinidad and Tobago, after years abroad. With a background in sustainable development and forestry management, Parasram was drawn to the potential of cocoa as a catalyst for economic and cultural revival.

  • Sam Bankman-Fried lawyers seek to overturn his fraud conviction

    Sam Bankman-Fried lawyers seek to overturn his fraud conviction

    In a pivotal hearing before the US Federal Appeals Court, judges expressed skepticism over arguments presented by lawyers for Sam Bankman-Fried, the disgraced former cryptocurrency tycoon, who is seeking to overturn his fraud conviction and secure a new trial. Bankman-Fried’s defense team, led by attorney Alexandria Shapiro, argued that the initial trial was “fundamentally unfair,” claiming that Judge Lewis Kaplan improperly restricted Bankman-Fried’s testimony, thereby favoring prosecutors. Shapiro contended that the prosecution’s narrative was “morally compelling” but misleading, emphasizing that nearly all FTX creditors had been repaid 120% of their investments, with $8 billion already returned and an additional $1 billion in legal fees covered. Bankman-Fried’s legal team also argued that key evidence supporting his claim that FTX had sufficient funds to cover customer withdrawals was excluded, rendering the verdict unjust. However, the appellate judges appeared unconvinced, with one noting “very substantial evidence of guilt” in the trial record. Judge Barrington Parker questioned whether the jury’s verdict would have differed even if Bankman-Fried had been allowed to testify about his lawyers’ involvement in drafting certain documents. Bankman-Fried, once hailed as a billionaire cryptocurrency mogul and founder of FTX and Alameda Research, saw his empire crumble when it was revealed he had misused billions in customer funds to cover losses, finance political donations, and support personal and corporate spending. In March 2024, he was sentenced to 25 years in prison, three years of supervised release, and ordered to forfeit $11 billion after being convicted on seven charges, including wire fraud, securities fraud, and money laundering. Prosecutors described his actions as one of the largest financial frauds in US history, with Judge Kaplan condemning his “exceptional greed and disregard for the truth.” Meanwhile, reports suggest Bankman-Fried’s inner circle has lobbied former President Donald Trump for a pardon, though it remains unclear whether Trump is considering the request.

  • US appeal court upholds US$131m Piarco airport judgment

    US appeal court upholds US$131m Piarco airport judgment

    The Florida Third District Court of Appeal has reaffirmed a $131 million judgment against businessman Steve Ferguson, marking the conclusion of a 19-year legal saga. Ferguson was accused of orchestrating a multimillion-dollar fraud scheme tied to the construction of Trinidad and Tobago’s Piarco International Airport. In a November 5 ruling, judges Thomas Logue, Monica Gordo, and Fleur Lobree upheld a Miami-Dade County jury’s verdict, which found Ferguson guilty of civil fraud, conspiracy to commit fraud, and violations of Florida’s Civil Remedies for Criminal Practices Act and the Racketeer Influenced and Corrupt Organizations Act (RICO). The court dismissed Ferguson’s argument that the Republic of Trinidad and Tobago failed to prove a ‘domestic injury,’ a critical requirement under federal RICO law. The judges highlighted evidence of bribes, bid manipulation, and money transfers through Miami-based companies and bank accounts, establishing Florida as a central hub for the fraudulent activities. The court also noted the use of Florida corporations to inflate bids, funnel kickbacks through Bahamian shell accounts, and purchase Miami properties for government officials involved in the conspiracy. The ruling emphasized Florida’s role as a global financial and business hub, underscoring the state’s interest in addressing criminal enterprises operating within its jurisdiction. The case, which began in 2004, saw most defendants settle or be dismissed before trial. In 2023, Ferguson and two co-defendants were found jointly liable for $32 million in damages, later tripled under Florida’s RICO provisions and increased to $131.3 million with prejudgment interest.