分类: business

  • President  plaatst landbouw centraal: Agrarische sector sleutel stabiliteit en brede welvaart

    President plaatst landbouw centraal: Agrarische sector sleutel stabiliteit en brede welvaart

    In a significant policy address at the New Year’s reception of the Association of Economists in Suriname (VES), President Jennifer Simons declared agriculture the cornerstone of her administration’s economic strategy. Speaking before a capacity audience, Simons positioned the agricultural sector as fundamental to achieving food security, price stability, employment generation, and sustainable economic development—particularly as Suriname prepares for anticipated oil revenues.

    The president articulated a paradigm shift in how agriculture should be perceived: not as a secondary industry but as a strategic pillar within the real economy. “True prosperity originates in the real economy,” Simons emphasized, identifying agriculture as the foundation for resilient and inclusive growth. Reduced dependence on food imports, she argued, would not only boost local production and create jobs but also alleviate pressure on the exchange rate.

    Simons underscored that agricultural expansion must not come at environmental expense. Suriname pursues “smart growth” that balances production with sustainable forest management and spatial planning. This approach entails more efficient utilization of existing farmland, rehabilitation of infrastructure, and strengthening agricultural institutions to achieve higher yields and improved quality per hectare. Innovation plays a crucial role, with agro-processing and integrated models like agroforestry serving as key priorities.

    The administration’s vision explicitly links agricultural development to education and vocational training. Simons stressed that secondary and higher agricultural education is indispensable for modernizing the sector, noting that sustainable growth requires well-trained farmers, technicians, and entrepreneurs. Beyond increased investment, the focus lies on smarter investment—developing knowledge, adopting modern production methods, and complying with international standards to maintain competitiveness.

    Notably, Simons positioned agriculture ahead of oil and gas in national priorities. Oil revenues should strengthen existing sectors rather than replace them, she cautioned, referencing international examples where neglect of traditional sectors led to vulnerability when commodity prices declined. “Oil offers opportunities but not certainty for a sustainable future,” the president stated, advocating for agricultural strengthening to ensure economic stability beyond the oil era.

    The success of this agricultural framework depends on policy coherence, regulatory clarity, and institutional reliability. Simons highlighted the need for predictable policies, robust infrastructure, access to financing, and market information to build confidence among farmers, investors, and consumers.

  • Call Center Workers Steal Credit Card Info, Sell to Gangs

    Call Center Workers Steal Credit Card Info, Sell to Gangs

    A sophisticated transnational cybercrime network has been uncovered, revealing how Belize-based call center employees systematically compromise US financial data and funnel it to criminal organizations. This elaborate scheme represents a significant breach of payment security protocols with direct ties to gang activity in Belize City.

    Investigative journalists have documented a disturbing pattern where Business Process Outsourcing (BPO) sector employees circumvent Payment Card Industry Data Security Standards (PCI DSS) by smuggling mobile phones into secure facilities. These devices are used to capture and exfiltrate sensitive financial information including credit card numbers and CVV codes from American consumers.

    The stolen data has been primarily monetized through coordinated food delivery fraud targeting establishments like Chon Saan Palace restaurant. Fraudsters exploit the restaurant’s mobile application, placing orders using compromised payment credentials while avoiding detection. The establishment has suffered substantial financial losses exceeding thousands of dollars due to subsequent chargebacks when financial institutions flag fraudulent transactions.

    Evidence analysis reveals the alarming scale of this operation: 35 distinct stolen credit card numbers were utilized across 80 fraudulent transactions within a condensed timeframe. One victim, identified only by the surname True, endured $501 in unauthorized charges over just 13 days in December 2024. Similarly, another cardholder named Justice absorbed $943 in fraudulent purchases across a three-week period.

    The criminal enterprise has evolved beyond individual fraud into an organized marketplace. WhatsApp communications confirm that gang members now actively trade stolen financial data, offering complete packages including card numbers, expiration dates, CVV codes, and corresponding personal identification details. This underground economy enables secondary fraud markets where criminals purchase validated payment information for immediate misuse.

    Despite implementation of enhanced security measures including ID verification requirements, fraudsters adapted by photographing legitimate identification documents to bypass safeguards. Delivery patterns further confirm the operation’s sophistication, with orders frequently routed to known call center locations throughout Belize City.

    Law enforcement agencies including the Financial Intelligence Unit face mounting pressure to address this expanding criminal network that transcends national borders and threatens financial security for US consumers while destabilizing Belize’s growing BPO industry.

  • PM Says Consolidation Prepares BTL For Incoming Challenges

    PM Says Consolidation Prepares BTL For Incoming Challenges

    Prime Minister John Briceño has addressed mounting public apprehension regarding Belize Telemedia Limited’s proposed acquisition of SpeedNet, asserting that government oversight will safeguard consumer interests and taxpayer investments. The Prime Minister characterized the consolidation as a strategically necessary measure to fortify the national telecommunications provider against impending market challenges.

    Responding to allegations that the arrangement constitutes a corporate bailout, Briceño emphasized that such market consolidation represents standard global practice within properly regulated frameworks. “This kind of consolidation happens everywhere, all over the world,” stated Briceño. “In the United States, companies are buying up one another and everything is managed by regulation.”

    The Prime Minister highlighted the government’s substantial financial stake in the telecommunications sector, noting taxpayers have invested over $610 million for a majority share in the industry. From BTL’s operational perspective, acquiring the remaining one-third market share would generate operational efficiencies and enhance the company’s capacity to withstand future industry challenges.

    Briceño clarified that the government’s implementation of a statutory instrument serves as a regulatory pause mechanism, preventing any transaction progression until appropriate regulatory frameworks are established. The administration maintains that its primary obligation remains protecting both taxpayer funds and Social Security investments while ensuring the telecommunications company acts in its own best corporate interests.

  • Government to Introduce 12 Month Telcom Rate Freeze

    Government to Introduce 12 Month Telcom Rate Freeze

    In a decisive move addressing nationwide apprehensions over telecommunications affordability, the Belizean government has announced a comprehensive twelve-month freeze on all internet and telecommunications service rates. Prime Minister John Briceño revealed the policy on January 16, 2026, confirming the Public Utilities Commission (PUC) will implement the measure regardless of whether the proposed industry consolidation moves forward.

    The regulatory intervention comes amid public debate over potential market changes and their impact on consumer pricing. Minister Michel Chebat has directed the PUC to draft a statutory instrument (SI) formalizing the rate freeze, with signing expected imminently next week.

    Prime Minister Briceño emphasized the necessity of infrastructure investment in the rapidly evolving technology sector while affirming the government’s commitment to consumer protection. “Technology changes so it’s a lot of investment that have to take place to be able to keep up,” stated Briceño, “and that is where the Public Utilities Commission comes in.”

    The Prime Minister further indicated this action might signal a broader regulatory shift, suggesting the telecommunications sector could eventually face similar oversight mechanisms currently applied to utilities like water and energy. This development represents a significant governmental stance on market regulation amid technological advancement and corporate consolidation possibilities.

  • $2 Million Invested on Sugar Roads

    $2 Million Invested on Sugar Roads

    The Belizean sugar industry is set to commence its 2026 harvest on Monday, January 19th, following significant infrastructure investments and a crucial agreement between industry stakeholders. Prime Minister John Briceño announced the government’s allocation of approximately $2 million specifically for road improvements in sugarcane regions, addressing critical transportation challenges that have plagued previous harvest seasons.

    Despite acknowledging that additional work remains, Briceño emphasized the tangible progress made despite persistent rainfall that has complicated infrastructure projects. The commencement of this year’s harvest marks a significant milestone, coming after the Belize Sugarcane Farmers Association (BSCFA) and Belize Sugar Industries (BSI) successfully negotiated a new operating agreement.

    The Prime Minister highlighted the government’s previous investment of $3 million to combat fusarium, a destructive plant disease that severely impacted last year’s projections. These agricultural interventions appear to be yielding positive results, with early indicators suggesting improved both productivity and quality of sugarcane for the upcoming harvest season. This combination of infrastructure development, disease management, and renewed industry cooperation signals a potential revitalization for Belize’s crucial sugar sector, which has faced considerable challenges in recent years.

  • BEL Officially Launches Smart Meter Project

    BEL Officially Launches Smart Meter Project

    Belize has embarked on a transformative energy infrastructure modernization initiative with the official launch of the $68 million CDB-BEL Power Eight Project. Belize Electricity Limited (BEL), in partnership with the Caribbean Development Bank, unveiled the ambitious program that will deploy advanced metering infrastructure across the nation.

    The comprehensive project represents a strategic investment in Belize’s energy future, featuring the installation of approximately 115,000 smart meters equipped with state-of-the-art communications and analytics systems. This technological upgrade will enable real-time energy usage monitoring, remote operational control, and enhanced customer engagement capabilities.

    BEL Chief Executive Officer John Mencias emphasized the project’s significance, stating: “This forward-looking initiative is designed to empower our customers, optimize utility operations, and align BEL with modern energy solutions. It represents a foundational step toward building a more resilient and intelligent grid that contributes to national energy efficiency and sustainability.”

    Dr. Isaac Solomon, Vice-President of the Caribbean Development Bank, expressed the institution’s commitment to the partnership: “We are deeply grateful for the trust placed in us as main financier of this visionary initiative. Today marks an important milestone not just for Belize’s electricity sector, but for how this country prepares its energy system for the future.”

    The smart grid modernization project promises to deliver substantial benefits including near real-time monitoring capabilities, improved system reliability, greater operational efficiency, and enhanced resilience against service disruptions. The implementation will position Belize’s energy infrastructure among the most advanced in the Caribbean region.

  • Integrale aanpak luchtvaart en toerisme bij verbetering product SLM

    Integrale aanpak luchtvaart en toerisme bij verbetering product SLM

    In a strategic shift toward integrated aviation and tourism development, Suriname’s Presidential Task Forces for Tourism and Aviation conducted an operational visit to Frankfurt’s Hahn Airport to finalize plans for the comprehensive renewal of Surinam Airways (SLM). The move signals a fundamental policy redirection that transcends technical aviation considerations to embrace tourism development, passenger experience, and market positioning.

    According to Faizel Baarn, Presidential Advisor for Aviation and Maritime Affairs, this initiative marks a clear departure from past approaches that prioritized operational and technical aspects. The renewed strategy positions airlift to Suriname within a broader tourism framework, anticipating growing demand for a reliable, attractive, and distinctive aviation product.

    Central to the transformation is SLM’s adoption of a four-class cabin configuration—featuring First Class, Business Class, Premium Economy, and Economy—for its future aircraft. This structure aims to enhance comfort and choice for diverse traveler segments while appealing particularly to tourists and premium passengers willing to invest in superior service quality. The concept introduces the “Suriname experience” aboard flights departing from Europe.

    Beyond passenger comforts, the evaluated aircraft offers substantial cargo capabilities, combining passenger transport with a 30-ton freight capacity—including refrigerated facilities for perishable goods. This dual functionality is expected to strengthen Suriname’s logistics infrastructure and support economic diversification and export growth.

    The Hahn Airport visit follows prior negotiations with Schiphol Slot Management and other aviation partners, focusing on improving SLM’s punctuality—a critical factor in retaining and expanding slots at Amsterdam Schiphol. Concurrent efforts are underway to enhance overall service quality, essential for reclaiming market share in a competitive landscape dominated by carriers like KLM.

    Strategic planning targets two key periods for potential slot expansion: July to mid-September, coinciding with peak tourism and Heritage Month, and late November to mid-January, a traditional high season for tourism and diaspora travel. These intervals are prioritized to position Suriname more prominently and consistently in key travel markets.

    The task forces emphasize a holistic approach interlinking aviation, tourism, and product quality. Through forward planning and deliberate choices, Suriname aims to sustainably enhance its air connectivity and develop a more appealing travel proposition for future passengers.

  • BizConnect Caribbean hosts workshop on turning ideas into business

    BizConnect Caribbean hosts workshop on turning ideas into business

    Saint Lucia has become the launchpad for a transformative regional business development initiative as BizConnect Caribbean officially commences its operations. The organization inaugurated its mission with a pioneering workshop titled ‘Turning Ideas into Business,’ designed to equip entrepreneurs with practical tools for success.

    The inaugural session brought together diverse entrepreneurs seeking guidance through the challenging landscape of business ownership. Participants engaged in collaborative learning under the expert facilitation of Darlisa J. Diltz, a renowned entrepreneurship strategist and chief strategist at Foundations Entrepreneur Development Company based in Dallas-Fort Worth, Texas.

    Diltz, a long-time associate of BizConnect Founder Michelle Samuel, demonstrated the application of the Design Thinking Framework—a comprehensive methodology enabling entrepreneurs to empathize with market needs, define problems, ideate solutions, prototype concepts, and test viability before full-scale implementation.

    In an exclusive interview with St Lucia Times, Diltz emphasized her commitment to the cause: ‘The heart and passion for entrepreneurship is paramount for me. When Michelle extends an invitation, I respond affirmatively whenever possible. Sharing knowledge and educating entrepreneurs on proper business entry strategies remains a personal mission.’

    Founder Michelle Samuel articulated the program’s core objective: addressing critical gaps in entrepreneurial education and support. ‘We’re creating more than just training—we’re building actionable pathways that continue beyond initial workshops. Many entrepreneurs face closed doors or prohibitive costs when seeking support,’ Samuel explained.

    The initiative specifically addresses post-training challenges by incorporating mentorship and ongoing support structures. ‘Entrepreneurs frequently navigate unfamiliar territory without guidance. Our program eliminates door-knocking and unaffordable fees by providing essential mentorship throughout their business journey,’ Samuel added.

    The workshop received overwhelmingly positive feedback from participants, including seasoned business leaders like Gidden Augustin, BizConnect Founding Member and Chamber of Commerce Board Member. With several future initiatives planned, including a Caribbean Franchise Summit in March, BizConnect Caribbean establishes itself as a cornerstone for regional economic development.

  • This Is Not a Cable Deal. It Is a National Broadband Strategy.

    This Is Not a Cable Deal. It Is a National Broadband Strategy.

    A transformative telecommunications acquisition in Belize has sparked national debate about the country’s digital future. Dr. Andrew E. Trumbach, a finance executive and academic, argues that BTL’s proposed acquisition of Speednet Communications, Centaur Communications, and CTI/NexGen represents far more than a simple cable deal—it constitutes the foundation of a national broadband strategy.

    The transaction centers on control of last-mile broadband infrastructure, vertical integration of national connectivity, and the long-term architecture of Belize’s digital economy. While public discourse has focused on competition and monopoly concerns, the deeper significance lies in creating a scalable platform capable of delivering superior service quality at reduced unit costs, ultimately enhancing national competitiveness.

    Financial analysis suggests the reported purchase price falls within reasonable ranges for infrastructure assets using standard telecom valuation methods. Moore Belize LLP, affiliated with the global Moore Network with 37,000 professionals, provided valuation services, though details remain undisclosed.

    Globally, telecommunications has undergone profound structural shifts. Companies like Comcast, AT&T, and Verizon have transformed into broadband-first platforms, while Caribbean precedents exist through Liberty Latin America’s consolidation of Cable & Wireless and Columbus Communications. Small, fragmented markets like Belize’s cannot efficiently support multiple overlapping networks without resulting in duplicated capital spending, higher consumer costs, and inconsistent service quality.

    The real challenges are operational and regulatory rather than strategic. BTL must execute careful integration of billing systems and customer transitions while working constructively with regulators to ensure consolidation benefits consumers through improved service and continued investment. Ultimately, this transaction will determine whether Belize builds the digital infrastructure necessary to compete in the modern global economy.

  • Supreme Ventures vows to stand by staff on road to recovery

    Supreme Ventures vows to stand by staff on road to recovery

    In response to the catastrophic impact of Category 5 Hurricane Melissa that struck last October, Supreme Ventures Corporation has executed a multi-faceted relief initiative focused entirely on employee welfare and long-term recovery. The Jamaican gaming and entertainment company has deployed substantial resources to assist staff members whose homes and livelihoods were severely disrupted by the natural disaster.

    The comprehensive assistance program encompasses two completed phases of care package distributions, benefiting over 45 employees with essential supplies during their most critical time of need. Beyond immediate relief, the company established a formal Staff Disaster Relief Policy that provides structured support through three primary channels: emergency care packages, recovery grants, and low-interest loan options. This policy framework enables affected employees to address pressing expenses, undertake home restoration, and gradually regain financial stability.

    With 28 team members reporting significant property damage, Supreme Ventures has adopted a personalized approach to assistance, tailoring support according to individual circumstances. Employees sustaining severe damage receive dedicated recovery grants, while those with moderate impacts obtain calibrated assistance matching their specific requirements.

    Tanya Smith-Anderson, Chief People Officer at Supreme Ventures, emphasized the company’s human-centric philosophy: “Our business begins and ends with people. Following Hurricane Melissa, our immediate priority was ensuring team members felt visibly supported and reassured they wouldn’t face this challenge alone. These initiatives demonstrate our deep commitment to employee well-being beyond workplace parameters.”

    The company’s proactive outreach has generated appreciative responses from beneficiaries. One supported employee noted: “The hurricane created overwhelming devastation. Company assistance through care packages and relief support was profoundly appreciated, confirming genuine concern for our circumstances beyond work responsibilities.” Another recipient acknowledged: “This disaster relief enabled me to begin reconstruction efforts—I couldn’t have managed independently so rapidly. Employer understanding and intervention made a tangible difference.”

    Supreme Ventures has further reinforced its commitment by physically locating employees who became communicationally isolated post-hurricane, ensuring all staff感受到 organizational presence and protection. The corporation continues monitoring evolving needs as Jamaica’s recovery progresses, preventing employees from being overlooked during the rebuilding phase.