Posted: Monday, October 20, 2025. 10:19 am CST.
By Aaron Humes: The Cabinet has approved the extension of tax exemptions for Belize Sugar Industries Limited (BSI) and Belize Cogeneration Energy Limited (BELCOGEN). This renewal, granted under the Sugar Industry and Cogeneration Project Act of 2012, aims to bolster the growth and sustainability of both companies, which play crucial roles in Belize’s economy.
The tax exemptions are designed to facilitate investment in infrastructure and technology, ultimately enhancing production capacities and efficiency. Officials highlighted that this extension aligns with the government’s commitment to supporting local industries and promoting sustainable practices, particularly in the sugar and renewable energy sectors.
BSI, a leading player in Belize’s sugar production, has been pivotal in advancing agricultural practices and boosting local employment. Similarly, BELCOGEN, which focuses on generating renewable energy through cogeneration, supports the country’s goals for energy independence and sustainability.
The decision comes after a poor season for Northern sugar, blighted by pests such as froghopper and fusarium wilt which destroyed about a third of the crop and contributed to lower yields. BSI and American Sugar Refining (ASR) will be negotiating a new commercial agreement with leading cane farmers’ association the Belize Sugar Cane Farmers Association (BSCFA) in advance of the new season starting in December.
Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Belize ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at mаrkеtіng@brеаkіngbеlіzеnеwѕ.соm or call us at 501-612-0315.
© 2025, BreakingBelizeNews.com. Content is copyrighted and requires written permission for reprinting in online or print media. Theft of content without permission/payment is punishable by law.
The post Cabinet extends tax exemptions for Belize Sugar Industries and BELCOGEN appeared first on Belize News and Opinion on www.breakingbelizenews.com.
Posted: Monday, October 20, 2025. 10:19 am CST. By Aaron Humes: The Cabinet has approved the extension of tax exemptions for Belize Sugar Industries Limited (BSI)
The post Cabinet extends tax exemptions for Belize Sugar Industries and BELCOGEN appeared first on Belize News and Opinion on www.breakingbelizenews.com.
