fbpx
Cayo police seize drugs and ammunition
July 24, 2022
Belize Tourism Board offers scholarship for Bachelor’s Degrees in Tourism Management
July 24, 2022

Opposition member Tracy Panton questions $7 million Social Security Board loan to pharmaceutical company

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Posted: Sunday, July 24, 2022. 4:58 pm CST.

By Benjamin Flowers: The Social Security Board is proposing to lend $7 million to a pharmaceutical company called Pharmacy Express, and opposition member Tracy Taegar-Panton has questions.

Panton took to Facebook to raise concerns after SSB issued a notice that it is proposing the loan with a decade life span, as per Section 49 of its investment framework.

“As a person insured with the SSB, I would like to know who is Pharmacy Express Ltd and why is it the SSB is lending them $7 million dollars of our hard-earned contributions to the fund for refinancing and inventory purchases? The term of the loan is for a period of 10 years, can someone from the Investment Committee disclose the interest rate?” Taegar-Panton said.

The SSB noted that principal and interest payments on the loan will be made monthly on the declining balance.

 

Аdvеrtіѕе wіth thе most visited news site in Веlіzе ~ Wе оffеr fullу сuѕtоmіzаblе аnd flехіblе dіgіtаl mаrkеtіng расkаgеѕ. Yоur соntеnt іѕ dеlіvеrеd іnѕtаntlу tо thоuѕаndѕ оf uѕеrѕ іn Веlіzе аnd аbrоаd! Соntасt uѕ аt [email protected] оr саll uѕ аt 501-601-0315.

 

© 2022, BreakingBelizeNews.com. This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.

  • Galen University
  • larry waight
  • Galen University
  • Shindaiwa

1 Comment

  1. Joseph Roca says:

    Stand your ground in opposition to what looks like another case of government overreach.

Leave a Reply

Your email address will not be published.