Business & Economy
New U.S. Policy May Affect Money Sent to Belize
New United States regulations impose a 1% federal excise tax on certain remittances sent from the U.S., effective January 1, 2026, targeting transfers made through Western Union, MoneyGram, cash, money orders, and cashier’s checks. The measure is part of President Donald Trump’s “One Big Beautiful Bill Act,” which was signed into law in July 2025.
Business & Economy
Electricity Rates Rise, BEL Says Maintaining Service Will Be Challenging
Now in 2026, Belize Electricity Limited (BEL) began rolling out new electricity tariffs on January 1st, following approval from the Public Utilities Commission (PUC). The PUC approved a three-cent-per-kilowatt-hour increase over 30 months. BEL had requested an increase of nearly five cents over 24 months.
Business & Economy
PUC Approves Amendment to BEL’s ARP 2025 Final Decision
On December 11, 2025, the Public Utilities Commission (PUC) issued its Initial Decision on amendments to Belize Electricity Limited’s (BEL) 2025 Annual Review Proceeding (ARP) Final Decision.
Business & Economy
BEL Cites Rising Costs in Bid for Higher Electricity Rates
Belize Electricity Limited (BEL) has applied to the Public Utilities Commission (PUC) for a 5.55-cent increase in the Mean Electricity Rate (MER), equivalent to a 13.9 percent rise, to take effect on January 1, 2026. The request comes at a time when Belizeans are already grappling with a rising cost of living, higher food and fuel prices, and ongoing concerns about the stability of the national power supply.
Business & Economy
Prices Edge Up, Confidence Slips as Belizeans Feel the Squeeze
On November 26th, the Statistical Institute of Belize (SIB) released its October 2025 Consumer Price Index (CPI) and Consumer Confidence Index (CCI), showing modest inflation alongside slightly weaker household sentiment nationwide. The all-items CPI reached 120.7, up from 119.7 a year earlier, while the CCI stood at 45.2, below the neutral 50 mark and down from 45.7 in September. The data cover all six districts, including San Pedro, which saw a 2.1% inflation rate, and provide a snapshot of how Belizean households are experiencing current economic conditions.
Business & Economy
Public Consultation on Turtle Island and Private Island Project Held in San Pedro
A public consultation on a proposed mixed-use real estate development southwest of San Pedro Town was held on November 27th at the Angel Nuñez Auditorium. The area, identified as Turtle Island–Private Island, lies near established tourism and residential zones such as Cayo Espanto and Brahma Blue. The presentations focused on the Environmental Impact Assessment (EIA) for Castle Capital Development Ltd., the company behind the proposed project. While conservation aspects were highlighted, the small group of stakeholders and tour guide students in attendance left with more questions than answers, expressing uncertainty about the project’s long-term environmental impacts.
Business & Economy
GST-Free Weekends Return for 2025 Christmas Shopping
Belizeans are set to benefit from two GST-free weekends this Christmas season, announced by the Belize Tax Service. The tax relief will take place on December 6–7 and December 20–21, allowing shoppers nationwide to purchase standard-rated goods without paying the usual 12.5% General Sales Tax (GST).
Business & Economy
Belize Postal Service Outlines New Rules for Shipping to the U.S.
On November 6th, the Belize Postal Service held an informational session at the House of Culture in San Pedro, unveiling significant changes to the process of shipping goods to the United States. The session, led by Postmaster General Dr. Marsha Price and key postal team members, directly engaged residents and business owners on the new regulations and steps required before mail and packages can be accepted for U.S.-bound shipment.
Business & Economy
San Pedro Tops National Rankings for Cost-of-Living Increases in September 2025
San Pedro Town has recorded the highest increase in consumer prices in Belize, according to the Statistical Institute of Belize’s (SIB) latest report on the Consumer Price Index (CPI) for September 2025. The island registered an inflation rate of 2.2 percent compared to September 2024, more than triple the national average of 0.6 percent, making it the municipality most affected by rising costs of goods and services.
Business & Economy
Ministry of Agriculture clarifies potential sugar price changes
A late October Cabinet release sparked concern among consumers and industry stakeholders after it indicated the government would remove price controls on retail-packaged sugar. In response, the Ministry of Agriculture and Food Security has clarified that while the price of packaged sugar may fluctuate, the wholesale industrial price will remain regulated.
Business & Economy
Prime Minister’s Office Launches Digital Skills Training Program
On October 29, 2025, the Office of the Prime Minister announced the opening of applications for a new national digital skills training initiative. The program will equip Belizeans with advanced competencies for the global digital services sector, including cloud engineering, cybersecurity, data analytics, artificial intelligence, web development, IT support and CRM, digital marketing, and agile project management.
