The amendments made to the law against money laundering exclude the media from the list of subjects required to report transactions.
With this amendment passed in the Legislative Assembly of El Salvador's, the Law Against Money and Asset Laundering will be only oblige financial institutions to report to the Finance Unit of the Attorney General cash transactions of $10 thousand or more and other formats when they are over $25,000.
The Government is proposing amending the Press Law to tax the income of the companies that own printed newspapers, keeping tax exemptions on paper and ink.
Establishing a concept of fairness and justice between taxing employers and not censorship is, according to Finance Minister Carlos Cáceres, the purpose of the proposed new tax for the companies that own printed newspapers, which until now have been exempt from income tax (ISR).
The recent announcement of the construction of a Disney theme park in Costa Rica has been denied by the Disney Corporation itself.
The announcement by the mayor of the city of Liberia on a morning variety program was quickly replicated by various media outlets for a few hours after being denied not only by the Disney Corporation and by the supposed developer of the project, but even by the aforementioned mayor, who was not able to confirm the information.
Of all the proposals only two did not meet the requirements, resulting in their rejection. Corporación Medcom Panamá S.A. bid $35,143 for the frequency 90.9 MHz (FM)-Bocas del Toro, and $18,116 for the frequency 100.7 MHz (FM)-Darien.
The government has presented to the Legislative Assembly a draft for the Media Act on state property.
The government of President Mauricio Funes presented today to the Legislative Assembly a draft Law on Public Media which seeks to turn Televisión de El Salvador (Channel 10) and Radio Nacional de El Salvador (96.9 FM) into public media, starting from the establishment of legal and institutional framework necessary for its fully independent operation.
The National Telecommunications Commission has awarded another 5 regional digital television channels completing the concessionary awards of 18 frequencies and raising a total of $5 million.
Channel 47 in zone 1 and with coverage in Francisco Morazán, was acquired by Publicaciones y Noticias S.A. (Publynsa) who offered $294,000. The auction for channel 46 was declared invalid and for 49 there were no bidders. These two also had coverage of Francisco Morazán and the price tag was $294,000.
On August 28 the Superintendency of Telecommunications will auction three broadcasting frequencies with departmental coverage areas for Izabal, Retalhuleu and San Marcos.
This is the second phase of a series of auctions held by the entity, during the first phase of the Superintendency of Telecommunications (SIT) auctioned 13 broadcasting frequencies with national coverage, eight of which were awarded to the group Emisoras Unidas and six other bidders, and the point to point frequencies were awarded to Banco Industrial.
Starting from very low levels, pay TV is growing in Central America, with 4.4 million subscribers foreseen by 2018.
"... In just four years between 2008 and 2012, all of the six Central American countries saw increases in the average subscription rates of pay TV from between 21.4% to 31.3% of households with televisions. Measured in nominal terms, it amounted to a net addition of nearly 1.15 million new subscribers during the period, going from 1.5 million customers at the end of 2008 to over 2.6 million by the end of 2012 .... this upward trend will continue in the medium term. Towards 2018, it is expected that over 40% of households with televisions in the region (4.4 million) will subscribe to a pay TV service, which still generates significant room for future growth. "
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