There is a worrying trend beginning to emerge in the business sector and this trend is the closing down of businesses which once thrived only a few years ago in what was once a growing economy.
Since Dean Barrow announced the recession in April 2009, Belizeans have been surprised almost weekly as businesses once fixtures on the Belize's business scene have been quietly closing their doors and pulling down the shutters.
Last week the local business universe shifted on its axis when it was reported that two businesses within the Mena Group of Companies, Fresh Catch Belize Limited and The Wood Depot had been forced into receivership by First Caribbean Bank, and that the Belize Bank had appointed accountant Stanley Ermeav as their receiver for Belize Aggregates Limited.
Fresh Catch Belize has been exporting thousands of pounds of their product to Guatemala, Mexico and the United States since 2002. It is a multi-million dollar investment that employed