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|San Pedro Daily||Saturday, March 19,
ISLAND SUPERMARKET"Best Prices - Best Quality - Best Service"
Phone: 501-226-2972 or 501-226-2973
FREE DELIVERY IN TOWN
San Pedro Lion’s Club spearheads the fundraising efforts to assist Japan Victims
Lions Club International Fund (LCIF), the day following the Japan disaster, issued a 1.2 million dollars grant equivalent to M100 Japanese yen. In a statement issued by Lion’s International President, Lions’ motto “We serve” was highlighted.
Lions International was among the first to respond to the disaster relieve efforts in Japan. Further correspondence stated that the LCIF remains committed to the immediate relief effort and long term reconstruction effort for as long as possible.
In that regards, all clubs are being called upon to start fundraising efforts for the Japan Appeal Fund. The San Pedro Lions Club on Monday morning launched their Japan appeal fund efforts. The Club’s aim is to raise a minimum of Bze$5,000.00. All four clubs within the country of Belize are tasked with the same goal, Bze$5,000.00.
Donations to the Japan relief fund can be made at the Atlantic Bank Account #:100030618 in the name of Japan Appeal Fund.
In addition to this account, on Sunday March 20, the San Pedro Lions will be holding an all day fundraiser at the San Pedro Lions Den. The general public is invited to this mega fundraising event. Every penny counts. No donation is too small or too large. Belize was a recipient of LCIF’s funds, as last year we received US$10,000.00 in the aftermath of Hurricane Richard, which provided much needed financial assistance to citizens affected.
P.M.: BANK RATES TOO HIGH!
“It is not enough. And no one can help noticing the increase in commercial bank spreads. Quite clearly the correlation between deposit rates and lending rates is going in the wrong direction”
Prime Minister Dean Barrow was addressing the House of Representatives during his budget speech when he delivered this note of caution to the banks.
He went on to warn:
“Now, legislative intervention of a Central Bank rate setting dictates may still be too blunt a public policy instrument for the moment. But time is running out, and this should be the last year in which we are seeing rates in the basement internationally but in the stratosphere locally.”
The Prime Minister returned to this subject later in his budget speech, speaking more bluntly this time.
“In another move to further reduce the cost of funds for commercial banks and to provide more latitude for lowering of interest rates, the Central Bank decreased the minimum interest rate on saving deposits from 4.5 percent to 3.4 percent on November 1, 2010.
“It is expected that there may be a lag before the effect of this action is felt through the banking system, but that there will be a gradual decline in the weighted average lending rate in the months ahead.
“If that doesn’t happen, I say again, that this massaging of the system would have to be replaced by more direct action.”
On the question of oil exploration anywhere on the land or on the sea, the Prime Minister repeated his resolve to do what seems best for the people and the economy of Belize.
“There are unending complaints about our petroleum industry from those that would straitjacket it. But the receipts therefrom are now a mainstay of government revenue and help greatly with salaries, pensions, operating expenses and the delivery of goods and services to the people.
“So we must indeed be careful to ring-fence what is still a nascent enterprise.
“Appropriate environmental, cultural and social safeguards are obligatory. But government will also not be deterred from pressing on with the new exploration that can unlock the plentiful reserves that the data suggests is very much present as part of our Belizean bounty.”
On GDP growth:
“The Statistical Institute of Belize reports that the (GDP) growth was underpinned by expansion in services, utilities, sugarcane, non-traditional crops and livestock.
“There was a sizable increase in domestic capacity for electricity generation as the hydroelectric facility at Vaca Dam and the bagasse co-generation (Belcogen) plant were brought fully online.
“An upswing in tourism due to respective increase in stay-over and cruise ship visitors of 1.4 percent and 8.4 percent boosted activities in hotels and restaurants, transport and communications and wholesale and retail trade.
“Growth in the latter was also facilitated by an increase in cross-border trade at the Commercial Free Zone.”
the question of the
national debt, there was some bad news and some good news.
San Pedro Police are investigating a rape report that took place in San Pedro Town. A 38-year old European National reported that on Wednesday the 16th of March 2011 she went to Wet Willy’s Night Club situated on Beach Front, San Pedro Town and met Jamie whom she then socialized with at the Club. At about 1:00am on Thursday the 17th of March 2011 both of them left the Club and walked along the Beach and stopped at the San Pedro High School situated on Beach Front. She further reported that while on the bleachers she and Jamie kissed. Jamie then asked her to have sex with him but she said no.
then got upset and choked her around the neck from behind causing her to become unconscious. She stated that when she woke up, she was naked from the waist down and was badly bruised and Jamie was nowhere to be found. The lady was medically examined where a doctor certified her injuries as Grievous Harm. Police have detained two persons pending investigations.
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