Guatemala's vice president aims to think big in Asia

Guatemalan Vice-President Rafael Espada flew out on a visit to Taiwan and Korea, promising to "think big" and shake off Guatemala's inferiority complex.

Monday, May 19, 2008

Espada said he would portray Guatemala as "a modern, democratic country with a social democratic government that has a vision of growth combined with social responsibility." He added that he would seek to woo potential investors.
During the trip, Espada will attend the inauguration of Taiwan's new president, Ying-jeou Ma.

More on this topic

Guatemala's Espada talks investment with business leaders in Seoul

May 2008

Guatemala's Vice-President Rafael Espada held meetings in Seoul with South Korean business leaders in an attempt to persuade them to invest in his country.

In particular, Espada is hoping for the installation of a South Korean vehicle assembly plant in Guatemala. As well as Korea, Espada's Asian tour is slated to take in Taiwan.

Ortega to boost investment in free-trade zones, business sources say

May 2008

President Daniel Ortega's government told free-trade zone companies that it will promote investment in the sector, according to business sources.

"President Ortega has promised to give us more incentives," said Alvaro Baltodano, president of the Nacional Corporation of Free Trade zones. Baltodano said Ortega had told business leaders that more investment was needed to create jobs.

Golf tees off as big Costa Rican tourist draw

May 2008

Golf in becoming a key element in Costa Rica's tourist industry. The sport generates US$86.7 million a year in hotel accommodation, food, recreation and purchases of equipment.

Some 34,000 tourists a year – 2 percent of the total – visit Costa Rica for golf, and at least six real-estate developments under construction include courses.

Telecarrier reports 40 percent hike in 2007 sales

April 2008

Panamanian telecoms company Telecarrier reported a 40 percent increase in 2007 sales, in line with its aim of consolidating its lead in providing service to corporate clients, Miguel Vásquez, the company's vice-president of finance, said.

Vásquez said Telecarrier's cash flow had been sufficient to half its debts while investing more than US$3 million last year in the provision of more and updated services.

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