Five out of ten Guatemalan entrepreneurs believe that the current legal landscape of the country "could have repercussions" for the business sector.
From a statement issued by the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations, CACIF:
Industrial and financial sectors are forecasting the best results, while construction and tourism show lags in different variables that are analyzed in the diagnosis of Perception of Business Activities.
In the next two years the banking group will issue $20 million on the Nicaraguan Stock Exchange in terms of less than one year and $40 million in terms of three to five years.
The issuance registered on the Nicaraguan stock market will be issued with terms of 24 months, in commercial paper and standardized bonds.The program consists of two series: Series A , with a term of up to 360 days (revolving) and Serie B, with terms of three to five years.
Tocumen is preparing a plan to tender several expansion works and equipment at the airfields of Panama Pacific, David, Colon and Rio Hato.
One of the regional airports where Tocumen plans to invest in order to improve its functionality is Panama Pacific, which is projected to double capacity of the terminal in order to handle five flights simultaneously instead of two, increasing the number of airline counters from 3 to 7 and improving the waiting area for departing passengers and the migration area.
Before the end of the year a government agreement could be ready which would unify the various departments for promoting investment as well as the creation of the Guatemala Trade and Investment entity.
Prensalibre.com reports that "...Rubén Morales, economy minister, said the goal is to manage this body through an executive committee made up of representatives from the public and private sectors, and which would be chaired by the Minister of Economy."
The US Congress passed a law which puts conditions on Daniel Ortega's government for obtaining loans from international institutions.
The purpose of the law known as the Nica Act, is for loans negotiated between Nicaragua and international financial organizations to be rejected by the United States, unless the Ortega government takes"... measures for the restoration of democracy and the holding of free, fair and transparent elections."
The new regulation under public consultation states that all issues of securities registered with the Superintendency of Securities Market must have a risk rating.
The aim of the new regulations proposed by the Superintendency of Securities (SMV) is to provide more information on the emissions market for investors, so that they can"... make investments according to their risk profile, "said Marelissa Quintero, chief of the SMV to Prensa.com.
The passive base rate in colones fell from 4.80% to a record low of 4.70%, while the effective tax rate in dollars dropped from 1.98% to 1.91%.
The Central Bank of Costa Rica (BCCR) released late on Wednesday September 21, news that the passive base rate will stand at 4.70%, until Wednesday September 28. This is its lowest value so far this year.
Unions are opposed to the legal reform which aims to extend the scope of the supervision of the Superintendent of Financial System over savings and loans cooperatives.
In the view of Julio Cesar Portillo, secretary of the board of the National Commission for credit unions in El Salvador and CEO of Co-Andes de R.L. ,"... the reform presented to the Legislature, seeks to impose on savings and loans cooperatives a framework of regulation and supervision which is exclusively for private financial companies and for-profit institutions such as banks. "
Between January and June registrations of securities issues amounted to $4.2 billion, up from the $2.944 billion recorded in 2015.
If the number of new issues registered with the Panamanian Stock Exchange continues to grow as it did in the first half of the year, the figure at the end of 2016 will be the highest in historical terms, surpassing the record of 2013, when $3.579 billion was recorded.
After a failed attempt at restructuring, the process that began in September 2014 with the cessation of payments by the financial company La Generosa today ended with a judicial declaration of financial bankruptcy.
Prensa.com explains that"...The measure involves the seizure of all assets belonging to the company, the appointment of a executor and José Luis Ford being banned from leaving his home where the bankruptcy was finalised, which is effectively an impediment to him leaving the country. "
Local and international companies will be meeting on August 23 to explore business and investment opportunities in the Caribbean.
The event"Invest in Limon 2016"will be held at the Costa Rica Marriott hotel in Belen, Heredia, from 8 am. Taking part in the event will be entrepreneurs, developers and local and international investors who are interested investing in the province of Limón.