Telecarrier reports 40 percent hike in 2007 sales

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.

Wednesday, April 23, 2008

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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Nicaragua: Gold, Energy, Wood, BPO

April 2012

The mining company Hemco is diversifying its activities and investing $138 million in hydropower, forestry and call centers in Bonanza on the Nicaraguan Atlantic.

Hemco Nicaragua SA is a good example of how private initiatives can contribute to the social and economic development of a country with its increase in investment following a strategy of diversification.

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.

Guatemala's vice president aims to think big in Asia

May 2008

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.

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.

Grupo Gesfor opens its first office in Panama

April 2008

Grupo Gescor, a Spanish multinational specializing in consulting and information technologies has opened its first office in Panama. It wants to increase its client base in the country and to work more closely with its established clients there.

A company statement says the new office will be coordinated by José Luis Chong.

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