Competitiveness in the production of goods and services is directly dependent on the adoption of digital technologies, meaning that having connectivity is vital.
The World Bank is analyzing the impact of the internet and mobile telephony in economic development and the "digital dividend" generated by improving economies in general and the business sector in particular, and its productivity through digital technologies.
Cable & Wireless Panama’s acquires local company Sonitel, a provider also in El Salvador, Peru, and Nicaragua B2B markets.
Cable & Wireless Communications, Plc (CWC), through its subsidiary Cable & Wireless Panamá, S. A. (CWP), today announces that it has agreed to acquire Panama-based Grupo Sonitel for US$36 million plus contingent consideration of up to an additional US$5 million.
Panama is the only country in the region which has improved considerably in the use of information technology in the last year.
Investments in the field of information technology have resulted in more and better use of these IT services in Panama, which has improved its overall position in the use of technology, according to the Information Technology 2014 report, prepared by the World Economic Forum World.
Government investment in infrastructure for information and communication technology lays the foundation for growth in the sector.
A study by Oxford Business Group has analyzed the impact that public investment has had on the sector of information and communication technologies, prompting the arrival of international companies who want to exploit the potential of the sector but encounter barriers, such as a shortage of skilled labor.
The reform of Article 92 of the Constitution of Nicaragua referring to databases, and telecommunications records could affect the trade and service industry.
According to Joseph Adam Aguerri, president of the Superior Council of Private Enterprise (Cosep), reform of Article 92 of the Constitution of Nicaragua proposed by the government is "counterproductive" in relation to economic matters. " ... It should not be incorporated, because of the effort that has been made in different ways with the Government to respond to modern trends in trade, and because of the attraction of the service industry," said Joseph Adam Aguerri.
From 6th to 9th of May 2014 the Tenth International Conference on Open Source Systems will be held in Costa Rica.
According to Otto Chinchilla, one of the coordinators of the event, Costa Rica was chosen to host the Conference "because it is one of the countries that has had the greatest amount of investment and esteemed development in the software industry, having a highly competitive technology park ".
Investments by Panama are resulting in it being positioned next to Chile in the 2013 Information Technology ranking by the World Economic Forum.
The availability of free internet nationwide in 'infoplazas', the provision of computers with Internet access to schools and the implementation of e-government, has allowed Panama to advance its use of new technologies in Latin America.
Representatives of the governments of South Korea and Nicaragua are holding meetings to explore Asian investment in projects in information technology and communications.
Elnuevodiario.com.ni reports Vice President Omar Halleslevens comments on the topic, stressing that the talks so far are not focused on any particular project, but on investment opportunities in areas of technology and communications.
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