June 27th – July 1st Belize News Round-up

June 27th: Details of Belize Telemedia Nationalization Case

Last week a court of appeals ruled the government’s acquisition of BTL was unlawful and this week more details of the case are coming out.

Full story Channel 5 Belize | Full story 7 News Belize | Prime Minister Dean Barrow Comments | Police Storm Telemedia | Prime Minister comments on new shareholders | Attorney says GOB illegally occupying BTL | PM states that handing over BTL would be chaotic

June 27th: Belize Electricity Limited says C.E.O. paid out millions in benefits

B.E.L. says former C.E.O paid out $2.7 million in benefits to employees who recently left.

Full story Channel 5 Belize | Full story 7 News Belize Former CEO of BEL comments

June 28th: Government says it will renationalize BTL despite court order

Despite Prime Minister Dean Barrow’s comments about respecting the recent appeals court decision that the nationalization of BTL was unlawful, the PM now says the government will “do what it takes to retain control.”

Full story Channel 5 Belize | Full story 7 News Belize | Belize Bank Comments | Chamber of Commerce Comments | PUP comments | GOB Can’t Offer Compensation | Dean Boyce Continues to Operate Parallel Office

June 28th: Major Drug bust in the South

No official information was initially released – a drug bus t bust was made in Independence village on Saturday

Full story 7 News Belize | Full story Channel 5 Belize

June 28th: Raul’s Rose Garden Burns Down

The famous brothel, Raul’s Rose Garden, burns to the ground.  No lives were lost.

Full story Channel 5 Belize

June 29th: Experts come together to discuss Belize biodiversity

Top marine scientists met in Belize City to review the status of Belize’s marine biodiversity and potential impacts of oil drilling.

Full story 7 News Belize | Full story Channel 5 Belize

June 29th: Re-acquisition of Belize Telemedia continues

As the week continues more developments are coming together on the messy B.T.L situation.

Attorneys Busy Re-drafting Legislation | PM meets with Telemedia staff | Former U.D.P. Minister calls GOB actions “criminal” | Taxpayers will Pay Attorney Fees on Telemedia Case | Attorney Arthur Saldiver Comments | Heading to Court

June 29th: Global Investment and Banking Security Firm, Nomura, Predicts a Dark Future for Belize

After the trouble with B.E.L. surfaced culminating in a GOB takeover of the company, the strength of Belize’s economy is in question.

Full story Channel 5 Belize

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