分类: business

  • Bouwbeurs 2026 start met blik op toerisme en groeiende vraag naar accommodatie

    Bouwbeurs 2026 start met blik op toerisme en groeiende vraag naar accommodatie

    Suriname’s President Jennifer Simons officially inaugurated the 13th edition of the Bouw-, Woon- & Huishoudbeurs, the country’s leading construction, housing and household trade fair, on Friday. This year’s event, hosted at the Live Entertainment Center, centers the rapidly growing tourism sector, aligning with national development priorities that have placed tourism at the core of Suriname’s economic expansion strategy.

    Against a backdrop of rising international attention to Suriname as a travel and investment destination, demand for high-quality visitor and residential accommodation has surged. Speaking at the opening ceremony, President Simons emphasized that the Suriname government identifies tourism as a key strategic pillar for long-term national development. To address the growing gap in quality housing and accommodation, the administration has finalized a national housing plan that will be submitted to the National Assembly for review in the near term, she confirmed.

    Event organizers note the trade fair has evolved far beyond its original scope to become a critical regional platform for industry innovation and cross-sector collaboration. Two major economic shifts have driven the rising demand for accommodation across Suriname: the emergence of the country’s new oil and gas sector, which has drawn a wave of foreign workers and investment, and the consistent growth of international tourism. In response to these trends, tourism industry organizations have been given a prominent, dedicated space on this year’s trade fair floor, a first in the event’s history.

    The five-day event brings together three key stakeholder groups: national and local government bodies, private sector construction and hospitality entrepreneurs, and consumers seeking new housing options. Attendees have access to comprehensive displays outlining the latest developments in construction technology, sustainable housing design, tourism accommodation infrastructure, and household innovation, creating opportunities for networking, partnership building, and market expansion across interconnected sectors.

  • All set for IMPACT x Mystique 2026

    All set for IMPACT x Mystique 2026

    Next spring, Kingston, Jamaica will play host to a landmark new industry gathering: the first-ever IMPACT x Mystique 2026, a flagship marketing conference curated by regional agency Mystique Integrated. Scheduled to run across April 30 and May 1 at the city’s AC Hotel Kingston, the event is crafted to center Caribbean industry expertise, addressing a long-simmering gap between the region’s outsized global cultural influence and the commercial infrastructure needed to turn that influence into lasting, scalable economic progress.

    Unlike generic industry conferences that import one-size-fits-all global strategies without accounting for regional market nuances, IMPACT x Mystique 2026 is built on a core premise: Caribbean market intelligence deserves a global spotlight, and regional brands can compete on the world stage while growing rooted in local realities. Organizers laid out this vision in an official statement released Sunday, framing the conference as far more than a one-off networking event, but a catalyst for a collective shift in how the Caribbean marketing and business ecosystem operates.

    Over two days, attendees will have access to 46 distinct sessions spanning a diverse range of formats: headline keynotes from industry trailblazers, cross-sector panel discussions, intimate fireside conversations, and hands-on interactive workshops. Three core content tracks will run simultaneously across the event— the main stage for high-level strategic conversations, the launch pad for emerging brand and startup insights, and the control room for deep-dive skill-building— allowing attendees to build personalized agendas aligned with their professional goals. To expand access to popular, limited-capacity control room workshops, organizers will repeat all sessions on the second day of the event.

    Beyond in-person access, all registered attendees will gain exclusive long-term access to IMPACT TV, Mystique Integrated’s proprietary over-the-top streaming platform. Recordings of every session will be uploaded to the platform post-event, giving participants the chance to revisit key takeaways or catch sessions they could not attend live, extending the value of the conference far beyond its two-day run.

    The conference’s programming combines global top-tier expertise with on-the-ground regional leadership, a deliberate balance designed to keep conversations rooted in real Caribbean market dynamics. Confirmed international speakers include leading marketing and data professionals from global powerhouses: Tyrona Heath of LinkedIn’s B2B Institute, Shanelle Gayle and Fanta Dicko of Google, Sasha Lucas of JPMorgan Chase, Kara Kia of Hearst UK, Brittany Johnson of Meta, and Tom Sanville of the Stagwell Group, among other leaders working at the intersection of data, creativity, and modern commerce.

    Regional industry players are equally central to the conference’s structure. A long list of leading Caribbean agencies and organizations will contribute directly to programming, including Market Me Consulting Limited, Grapevine Marketing and Associates, Garrick Communications Limited, NMD Inc, DRT Communications Limited, The LAB Limited, Leep Marketing, and Trinidad and Tobago’s Lonsdale Saatchi & Saatchi. This local integration ensures all discussions address on-the-ground challenges and opportunities that generic global frameworks often overlook.

    The event has drawn broad cross-industry support from a robust network of regional and national partners. Presenting partners include Main Event Entertainment Group, iPrint Group and M-One Productions, with key sponsorship backing from major regional institutions including Scotiabank, RJRGleaner Communications Group, The Jamaica Observer Limited, The Jamaica Tourist Board, Red Stripe, CB Foods and National Baking Company.

    For Valón Thorpe, Chief Executive Officer of Mystique Integrated, the upcoming conference marks a defining turning point for the Caribbean business ecosystem. Thorpe emphasized that the overwhelming early response to the event from partners, speakers, and industry professionals across the region signals a clear appetite for higher industry standards.

    “The response to IMPACT has been immediate and decisive. The level of support from partners, speakers and the wider industry tells us something very clearly. We are ready for a higher standard,” Thorpe said. “This is not about a single event. It is about a collective shift. The Caribbean has always had creativity and cultural influence. What we are building now is the structure, the thinking and the commercial discipline to match it.”

    “IMPACT is the beginning of a platform that brings the region together, aligns us with global standards and pushes us forward as a unified force. This is how we raise the bar, together,” Thorpe added.

  • Bus Association Threatens Nationwide Shutdown Over New Fares

    Bus Association Threatens Nationwide Shutdown Over New Fares

    Belize is bracing for a total disruption of national bus services starting as early as next week, after a bitter dispute between the government and the Belize Bus Association (BBA) boiled over into a public standoff over controversial newly announced fare adjustments.

    The confrontation was triggered by the government’s recent publication of updated bus fare rates scheduled to enter into force on Monday. In a sharply critical press statement released Thursday, the BBA rejected the new pricing structure outright, saying that bus operators across the country were never consulted on the changes, never gave their approval, and will not comply with the unilaterally implemented rates.

    The core of the industry body’s anger centers on the government’s process for setting the new fares. According to the BBA, the Ministry of Transportation developed the new pricing using an internal, closed-door calculation formula that excluded any meaningful input from private bus operators. The resulting rates, the association argues, are set at levels that place an unbearable financial burden on daily commuters who rely on buses for work, school, and essential travel.

    The association also levied direct criticism against the state-owned National Bus Company, accusing the public entity of acting solely as a mouthpiece for government policy. The BBA claims this dynamic creates an inherent, unacceptable conflict of interest that skews the entire process of setting fares, shaping regulation, and communicating with the public about the dispute.

    BBA leaders emphasized that they attempted to avoid this crisis through months of negotiation, putting forward a series of compromise proposals designed to ease cost pressures on operators without shifting the burden to passengers. Those proposals included eliminating the Goods and Services Tax (GST) on essential operating inputs and providing targeted government subsidies to help offset rising costs for operators. According to the association, all of their suggested solutions were rejected out of hand by government negotiators.

    “The government has consistently moved the goalposts throughout our ongoing talks, and now they are attempting to rewrite the narrative to paint the BBA as the cause of this crisis,” the association’s statement read.

    After what the BBA describes as months of bad faith negotiations, the association’s membership has voted unanimously to take collective action. Its demand to the government is clear: authorities must immediately implement a fuel subsidy that caps the price operators pay for diesel at $9.50 per gallon, matching the rate that was in place before the current global fuel crisis drove costs sharply upward.

    If the government fails to issue a formal commitment to meet this demand by the end of Sunday, April 26, all BBA member services will cease operation across the country starting Monday morning. The association framed the standoff as a critical make-or-break moment for the industry and for the livelihoods of both operators and commuters, calling on members of the public to stand with them in opposing the government’s imposed fare increases.

    As of Thursday evening, the government has not issued any public response to the BBA’s ultimatum, leaving commuters, businesses, and policymakers across Belize waiting to see if a last-minute deal can be reached to avoid the widespread shutdown.

  • Fourth Hike in Fuel Prices

    Fourth Hike in Fuel Prices

    Residents of Belize began their Saturday on April 25, 2026, with unwelcome news at gas stations nationwide: the fourth round of fuel price increases has taken effect, driven by escalating geopolitical instability in the Middle East that is roiling global energy markets.

    The core disruption behind these rising costs can be traced to ongoing blockades in the strategically critical Strait of Hormuz, a chokepoint through which a significant share of global oil supplies passes. These disruptions have pushed up crude and refined fuel costs on international markets, and those incremental increases have now reached consumers’ fuel tanks across Belize.

    Price adjustments vary widely across fuel grades, according to data from major operator Shell. Diesel, a critical fuel for freight, public transit, and industrial activity, recorded the sharpest jump, rising $1.41 per gallon from $14.57 to $15.98. Premium gasoline saw a modest uptick of just five cents, climbing from $14.64 to $14.69 per gallon. For everyday motorists, there was one small reprieve: the price of regular gasoline held steady at $13.84 per gallon, avoiding the increases that hit other fuel types.

    Savvy consumers can still find minor savings by comparing prices across different fuel retailers; some independent and regional stations are selling fuel at a few cents below the rates posted at major brand locations.

    The economic ripple effect of this latest price hike extends far beyond individual motorists. Starting Monday, commuters who rely on privately run independent bus services across parts of Belize will face higher ticket prices. Bus operators have announced they will adjust fares to offset the increased diesel costs they incur to keep routes running, passing a portion of the energy price increase on to working people who depend on public transit for daily travel.

  • C’bean growth slows amid global uncertainty, climate pressures — CDB Report

    C’bean growth slows amid global uncertainty, climate pressures — CDB Report

    BRIDGETOWN, Barbados – The Caribbean region delivered a muted economic performance in 2025, held back by a confluence of global instability, repeated climate disasters and long-running domestic structural obstacles, the Caribbean Development Bank (CDB) has warned in its flagship annual report, the *Caribbean Economic Review and Outlook 2025-2026*.

    The analysis tracks economic activity across the CDB’s 19 borrowing member countries (BMCs), revealing a clear slowdown across most of the bloc. When Guyana’s rapidly expanding oil sector is excluded, regional growth decelerated to 0.6% in 2025, down from 1.4% recorded in 2024. Even with Guyana’s output included, aggregate regional growth fell to 4.7% from 8.3% in 2024, confirming the South American nation remains the single largest engine of overall regional expansion.

    A range of overlapping headwinds dragged on regional activity over the year. Heightened geopolitical friction, shifting international trade and tariff rules, softening global demand for exports and increasingly severe climate-related disruptions created a challenging operating environment for most economies. Tourism, a traditional core growth driver for many small island states, still contributed to expansion, but its pace of growth slowed noticeably across a number of service-exporting economies. Commodity-producing nations saw divergent results, with some posting modest gains and others struggling to maintain output.

    Suriname stood out among commodity exporters, logging moderate growth driven by fresh investment in its offshore energy sector. By contrast, Trinidad and Tobago posted zero growth, as both its energy and non-energy segments faced persistent weakness. Jamaica and Haiti both suffered severe economic disruption from climate events, most notably Hurricane Melissa, which slashed output and curbed tourist arrivals. Haiti’s economy extended its prolonged downturn, contracting for the seventh straight year as widespread ongoing insecurity continued to choke business activity and investment.

    Against the broader slowdown, several key economic indicators showed limited bright spots. Labour market conditions held broadly steady across most of the region, with unemployment falling in a majority of reporting BMCs. That said, long-standing inequities in employment outcomes for young people and women remain unaddressed, and several sectors are now grappling with acute labour shortages. Inflationary pressures also eased across the bloc in 2025, pulled down by falling global commodity prices, though price growth still remains above pre-pandemic levels in most Caribbean economies.

    Fiscal performance across the region was uneven, the report confirmed. Excluding Guyana, the aggregate regional primary surplus narrowed from 1.6% of GDP in 2024 to 1.3% of GDP in 2025, a shift driven by slower tax revenue growth and mounting spending pressures. Sovereign debt levels also remain worryingly high across much of the region: nine BMCs now report central government debt-to-GDP ratios above the 60% threshold widely seen as a marker of fiscal vulnerability.

    The region’s financial sector, by comparison, remains on solid footing, the report noted. Adequate capital buffers, high levels of liquidity, accelerating credit growth and ongoing regulatory reforms have kept the financial system broadly stable despite broader economic headwinds.

    Looking forward to 2026, the CDB projects the region will see only a mild uptick in growth. Excluding Guyana, regional expansion is forecast to remain subdued at just 1.1%, while aggregate growth including Guyana is expected to climb to 6.2% – a rise almost entirely tied to continued rapid expansion in Guyana’s oil sector.

    Crucially, the outlook remains vulnerable to a wide range of downside risks that could derail even this modest projected growth. These include a deeper slowdown in the global economy, escalating geopolitical tensions, volatile commodity prices, more frequent and severe climate shocks, and persistent fiscal fragility in many small economies.

    “While the Caribbean continues to demonstrate resilience in the face of repeated shocks, the region’s growth prospects remain constrained by external uncertainty, climate-related shocks, and longstanding structural challenges,” said Christine Dawson, CDB’s Acting Director of Economics. “Strengthening institutions, accelerating structural reforms, and improving project execution will be critical to unlocking higher, more inclusive, and more sustainable growth across the region.”

  • BEL Heads to High Court Over Severance Dispute

    BEL Heads to High Court Over Severance Dispute

    A years-long ambiguity surrounding severance compensation at one of Belize’s most critical utility providers is set for judicial clarification, as Belize Electricity Limited (BEL) confirmed this week it will bring the dispute before the nation’s High Court. The decision comes in the wake of a landmark recent ruling from the Caribbean Court of Justice (CCJ), a ruling that has reshaped how severance claims are evaluated across the region. In an official statement released Friday, BEL emphasized that its core priority throughout the process remains upholding fair and equitable treatment for every current and former worker with outstanding severance claims. To eliminate confusion over how the CCJ’s regional ruling intersects with domestic labor legislation in Belize, the utility company is seeking formal judicial guidance from the High Court. BEL legal teams will submit a curated selection of representative existing severance cases to the court, providing context that will help justices outline a clear, consistent precedent for how the CCJ decision and local labor laws should be applied to BEL’s unique operational and contractual context. Company leadership stressed that the overarching goal of the legal action is not to avoid paying rightful compensation, but to establish full transparency, solid legal certainty, and a standardized framework that can be used to resolve both pending and future severance claims efficiently. Even as it moves forward with the judicial process, BEL reiterated that employee and former employee well-being remains its top priority, and that the company will maintain open, constructive dialogue with all relevant stakeholders through every step of the proceedings. The move to the High Court comes amid renewed public pressure from former BEL workers: earlier this week, members of the advocacy group Belize Energy Workers for Justice organized a midday picket outside BEL’s corporate headquarters, publicly demanding immediate resolution of their unpaid severance claims. This report is adapted from a transcribed evening television news broadcast published online, with original Kriol language statements transcribed per standard spelling conventions for accessibility.

  • BelCan Bridge Progress Forces Roadside Relocations

    BelCan Bridge Progress Forces Roadside Relocations

    A long-awaited infrastructure project is advancing in Belize, but its ripple effects are creating uncertainty for dozens of small business owners and transport operators whose livelihoods depend on their high-traffic roadside locations. The Ministry of Infrastructure Development and Housing (MIDH) has moved forward with pre-construction preparations for the full replacement of the aging BelCan Bridge, a key crossing that serves daily commuter and commercial traffic across Haulover Creek. To avoid total gridlock in the city during the multi-year construction period, MIDH has planned the installation of a temporary bypass bridge, a solution that requires clearing a large stretch of public highway reserve for construction access and the new bridge route.

    Chief Engineer Evondale Moody explained in an interview with local outlet News Five that the government has already finalized a construction contract with Cisco Construction Limited for the full bridge replacement project. The temporary structure will stretch from the Phillip Goldson Highway, across Haulover Creek, to Evergreen Street adjacent to the Belize Water Services (BWS) compound, utilizing vacant government-owned land behind Save U Supermarket for the northern approach. Work on both the temporary bridge and site preparation for the permanent new bridge is scheduled to kick off simultaneously on May 4, requiring the immediate relocation of all unauthorized businesses and operators parked on the public road reserve between the highway and Central American Boulevard.

    “We need to hand the construction site over cleared to the contractor to keep the project on schedule,” Moody noted. “All taxi operators parked along the Phillip Goldson Highway reserve, as well as the car dealers operating on Central American Boulevard in front of Save U Supermarket, must vacate the area to make room for pre-construction layout work for the permanent bridge.”

    The order to relocate by May 4 has split local operators, with many expressing deep concern over the threat to their income. At least five independent car dealers currently display their inventory on the targeted stretch of land, and multiple operators told reporters they have no alternative location to park their vehicles, putting their ability to attract walk-in customers at severe risk. Roadside food vendors and taxi dispatch operators who rely on the high-visibility location for daily business have also raised alarms that the move could cut off their core customer base.

    Not all affected operators are pushing back against the order, however. Nelson Zayden, a car dealer who has operated at the site since 2017 and ran a business near the Hope Center for more than a decade before that, says he accepts the relocation as a necessary part of public development. “We got informal notice many months ago, and the official two-week deadline to move by May 4 is fine with me,” Zayden explained. “To be honest, we never had formal permission to be here anyway; the city council just let us set up. We’ll move, and we’ll adapt – we can shift more of our sales to online advertising to keep customers coming.”

    One local staple, Tony’s Barbeque, will be able to keep most of its current location, but will still need to make adjustments. The popular food stand has operated near the existing overpass for years, but its overhanging storage shed currently blocks the planned pedestrian pathway that will connect users of the temporary bridge to the overpass stairs. The shed will need to be removed to clear the footpath, Moody confirmed.

    The most consequential detail for many affected operators is that the relocation is expected to be permanent. Moody confirmed that once construction of the new permanent BelCan Bridge is completed in 2028, the area will not be open for the return of informal roadside businesses. MIDH has also confirmed it will provide financial compensation to two long-established small businesses that are required to permanently relocate as part of the project, though details of those compensation packages have not been released to the public. Reporting for News Five, Paul Lopez contributed to this report.

  • Markoesaproject moet impuls geven aan nationale landbouwproductie

    Markoesaproject moet impuls geven aan nationale landbouwproductie

    On April 24, Suriname’s President Jennifer Simons launched the transformative Markoesa (Passion Fruit) Outgrowers Project in Groningen, Saramacca, kicking off a national initiative designed to strengthen domestic agricultural output and drive inclusive economic development across the South American nation.

    At the launch event, President Simons planted the first passion fruit vine to mark the project’s start, emphasizing that expanding local agricultural production remains a core pillar of Suriname’s long-term economic growth strategy. She framed the initiative as a landmark step in the country’s new national development direction, which centers on increasing meaningful participation of local Surinamese residents in domestic production sectors.

    The project, developed through a partnership between the Ministry of Agriculture, Livestock and Fisheries (LVV) and the Suriname Labour Intelligence Platform, is specifically designed to advance two key national priorities: poverty reduction and job creation. President Simons noted that sustainable poverty alleviation can only be achieved when communities are given accessible opportunities to generate their own independent incomes. By creating new formal jobs and encouraging small-scale agribusiness entrepreneurship, the passion fruit project directly advances these goals, she said.

    In her remarks, the president extended particular encouragement to young Surinamese to explore careers and business opportunities in the agricultural sector. “Food security is a permanent national need. The agricultural sector will always remain vital, and it offers real, sustainable opportunities to build a stable income,” Simons stated, according to official remarks from the Suriname Communication Service. She also expressed public appreciation for the farmers who have already joined the project, and called on more Surinamese to consider entering the agribusiness space.

    To expand access to the sector for new entrants, the Surinamese government is currently working with LVV to develop frameworks that will make unused agricultural land available to aspiring farmers who do not yet own their own plots. For current project participants, who already hold land rights, the initiative provides targeted guidance and training to help them maximize productivity on their existing parcels. President Simons also emphasized that strict oversight will be enforced to ensure productive use of all allocated land: “If allocated land is left unplanted, the contract will be terminated so that other aspiring producers can get the opportunity to use it,” she clarified.

    Beyond passion fruit cultivation, the Surinamese government plans to scale this outgrower model to other high-potential agricultural products in the coming months. President Simons linked the push for expanded local production to the country’s rapidly growing oil and gas sector, noting that as domestic demand for food rises alongside broader economic growth, it is critical that Surinamese producers capture the benefits of this increased demand. She warned that failing to scale up local output would lead to greater reliance on food imports and higher consumer prices for domestic households. At the same time, Simons highlighted untapped export opportunities for Surinamese agricultural products, particularly in regional Caribbean markets.

    The passion fruit outgrower project will eventually be expanded to other districts across Suriname, according to government plans. Beyond hands-on agricultural training, the initiative provides participating farmers with a key guarantee: a secured market outlet for their harvest, ensuring they can reliably generate income from their production.

  • BEL Heads to Court Over Severance Fight

    BEL Heads to Court Over Severance Fight

    A contentious conflict over unequal severance payout practices at Belize Electricity Limited (BEL) is set for a judicial resolution, after the state-linked utility confirmed this week it will ask the nation’s High Court to clarify binding legal standards for its severance obligations.

    In an official public statement released April 24, 2026, BEL announced it had initiated legal proceedings to seek declaratory relief from the court, alongside formal guidance on how recent unrelated labor rulings should be interpreted and applied to the company’s ongoing severance disputes. The utility emphasized that its decision to turn to the judiciary is rooted in a commitment to upholding legal compliance, transparent process, and equitable outcomes for all parties involved.

    “By obtaining clear direction from the court, we aim to build a consistent, predictable framework that will resolve current claims and guide how we address all future severance requests,” the statement read.

    The legal action caps weeks of growing tension between BEL and its former workforce, which escalated sharply last week when internal documents were leaked to the public. The released records revealed that senior company executives received substantial exit packages when they left the firm, while rank-and-file former workers were granted far smaller payouts or denied severance entirely in some cases.

    This revelation amplified long-simmering criticism from labor advocates and former employees, who have repeatedly raised alarms about unequal treatment and inconsistent application of severance policies across different employee tiers at BEL. What began as scattered individual claims has now evolved into a high-profile dispute that tests the company’s commitment to workplace fairness, and will ultimately set a legal precedent for severance practices across Belize’s utility sector.

  • World Trade Centre Georgetown says US must return to CBERA’s duty free regime

    World Trade Centre Georgetown says US must return to CBERA’s duty free regime

    As the 56th annual Global Business Forum and General Assembly of the World Trade Centers Association convenes in Philadelphia this week, trade representatives from small and developing economies are pressing for a reversal of recent US tariff policies that have disproportionately harmed export-reliant regions across the Caribbean and Africa. At the center of this advocacy is the World Trade Centre Georgetown (WTCG), which is leading a regional push to reinstate the full duty-free provisions of the Caribbean Basin Economic Recovery Act (CBERA), the longstanding trade framework that governed CARICOM-US trade relations before the current US administration introduced new import tariffs.