The industrial sector has announced a request to amend Regulation of the Billing Act to raise from $16 thousand to $228 thousand the minimum annual basis required by companies to use the electronic system.
The National Association of Industrialists (ANDI) has also requested an extension of at least eight months, in the implementation of the new billing system.
Raising electricity rates is one of the measures the government is planning in order to improve public finances in the context of a negotiation for a new agreement with the IMF.
The National Association of Industrialists (ANDI) expressed concern about the effect that a possible increase in electricity rates could have on the competitiveness of the sector and called for the need to address the impact of the crisis in the National Electricity Company (ENEE) on state finances in a different way.
Modifications made to the law after its approval in early 2013 could discourage investments for this year.
The conditions that the industry expected this year are different to those of 2013, as international prices of precious metals have dropped and the changes made to the law passed in early 2013 could discourage foreign investment planned for this year.
Continued economic deterioration during the government of Porfirio Lobo has led businessmen to prefer the leftist opposition candidate over the ruling party man.
An article in Elnuevoherald.com reports that Adolfo Facussé, president of the National Association of Manufacturers, said that the current government "... is an economic disaster, giving out money in political campaigns, increasing public administration and making unnecessary tenders which are not very transparent".
A law in Honduras allows the government to use state resources to raise funds to pay domestic debt.
"The attitude of Congress is irresponsible in dealing with these issues without beforehand consulting taxpayers who pay for these commitments with their taxes , nor conversing with civil society organizations," said Fernando Garcia, director of the National Association of Manufacturers (Andi).
Mexican investors who are to visit Honduras in June, will be looking for business in the agribusiness, education and furniture sectors.
The volume of potential investments would not be less than $20 million.
This was confirmed by Daniel Aguilar, regional president in San Pedro Sula at the National Association of Industrialists (ANDI), who explained that the visit is being managed through the newly created Mexican Honduran Chamber of Commerce.
Harassment and a business climate of animosity in the country has forced 25 Honduran companies migrate to Mexico and Nicaragua.
Latribuna.hn reports that "15 of them moved to Nicaragua and the rest to Mexico to the Yucatan area, because they have found better conditions to invest and grow, therefore, the National Association of Industrialists (ANDI), is anlaysing setting up branches in these places in order to continue serving its members. "
Political instability is making both domestic and foreign investors very nervous.
An article in Laprensa.hn looks at how recent political developments related to legal certainty, are worrying Honduran businessmen, as they complicate the promotion of the country as a recipient of foreign investment.
Honduras' industry is asking government to contain spending, in order to curb the depreciation of the currency and rising interest rates.
In late July 2011, the Central Bank of Honduras (BCH in Spanish) reactivated the exchange rate band system, a scheme under which the dollar fluctuates between two bands, established by the entity that has the power to buy dollars if the exchange change goes towards the lower band, and sell if it is located in the upper limit, in order to increase supply and push the exchange rate lower.
They point to the mining potential as a decisive factor for the country’s development, having the capacity to attract investments of $14 billion.
An article in Tiempo.hn reports that "The National Association of Industrialists (ANDI) is urging the National Congress to approve the new Mining Act in order to attract foreign investment in the order of 280 billion lempiras, about $14 billion.
Amid complaints of government harassment of private enterprise, its noted that in Nicaragua the costs are lower and "there are not too many obstacles."
Given some recent actions and tax proposals by the government of Honduras that have note been well received by employers due to their potential impact on business competitiveness, the president of the National Association of Industrialists (ANDI), Adolfo Facussé, is advising entrepreneurs to invest in neighboring countries, pointing in particular to Nicaragua.
The president of the National Association of Manufacturers, Adolfo Facussé, reportedly stated that the owner of the tobacco company informed him that they will move their operations to Nicaragua.
According to Wendy Mejia in her article in Elheraldo.hn, the cigar factory, located in the department of El Paraíso, is one of the largest in the country, currently employing 1,500 people, who would become unemployed if this move goes ahead.
The deal has almost been sealed between legislators and employers on the changes to be incorporated into the Law on Population Safety.
According to an article in Elheraldo.hn, representatives from the two sectors, "have fine tuned the latest proposal by economic activity, allowing them to project the amount of resources to be collected from the application of fees and charges"
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