To not regularize what is badly regularized you need a deregulator to regulate by deregulating what is well regulated.
The new head of the Regulatory Authority of Public Services of Costa Rica (ARESEP) took office while subject to a serious challenge over an obvious conflict of interestthat arose from his status as an active employee of the Instituto Costarricense de Electricidad (ICE), the monopolistic state entity whose rates must be fixed by the very same ARESEP. The insistence of the Solis administration eventually led to his appointment as Controller General, and after an announced pause for reflection, the new chief resigned from the ICE, promising that his actions would be solely taken with the welfare of consumer services in mind, services which are regulated by the ARESEP.
Costa Rican business leaders have expressed their dismay at the executive branch's apparent contradictions regarding the proposed agreement on fiscal issues and the strike threats made by public unions.
From a statement issued by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):
Private Sector puzzled by attitude of the Executive Branch
Using its corporate power and taking advantage of the power vacuum that is afflicting the State, a public university in Costa Rica is paying first world salaries, exacerbating the inequality that exists between Costa Ricans and severely distorting the labor market.
In exercising its responsibility as the main active force in Panamanian society, the Chamber of Commerce, Industries and Agriculture is demanding that the branches of government and its authorities correct their behavior, and serve purely national interests.
Jimmy Morales, the candidate for the National Convergence Front, won the presidential runoff beating his opponent Sandra Torres by more than a million votes.
With nearly of 70% of the votes, the next president of Guatemala will be a candidate who represents the hopes of a population that has shown itself to be fed up with traditional politicians and widespread corruption in the state.
Money laundering has positive economic effect on economies, but also impoverishes the quality of institutions leading to dramatic effects on quality of life in society.
The excellent analysis by Norma Lezcano in his article on Estrategiaynegocios.net, on the US Treasury Department´s inclusion of members of the powerful Rosenthal family in the list of the Office of Foreign Assets Control (OFAC) can be extrapolated to all Central American countries, and is a warning to the governments of the region, where drug trafficking has ingratiated itself and is creeping through state institutions, weakening them by making them serve criminal aims, and preventing them from carrying out their duties properly.
Outraged citizens are demanding the abolition of the state fuel distributor, which has a monopoly on the management and sale of all petroleum products.
Citizen demonstrations - unique because they are not specifically directed against the current government but against a state run company - are occuring at a time when news stories in Costa Rica are full of information about the privileges enjoyed by some sectors of the state bureaucracy, who earn the equivalent to twice and three times what is earned in the same roles in the private sector.
Threats made by organized criminals to transporters were carried out on monday when 7 drivers who had not joined the strike ordered by gangs were killed.
For the second consecutive day thousands of people "... were affected by a transport strike which was apparently the result of a vicious rumor mill unleashed by gangs that terrorized employers and employees in the sector, after the burning of several units and murder of motorists. "
At the one year anniversary of government of Juan Carlos Varela entrepreneurs are taking stock of his management recommending a better relationship with the private sector and the modernization of the education system.
From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP):
The Otto Perez Molina administration appears to be disintegrating in time with the successive dismantling of networks of entrenched corruption at the highest level, jeopardizing the country's basic institutions.
Although Central American countries have big problems that impair their image abroad, it is sometimes the small episodes that stand out as unacceptable when viewed from abroad by modern society.
Many politicians would have the people they lead believe that the main function of the state is welfarism, when the road to prosperity and social justice begins with the proper functioning of the judiciary and will of the state to enforce the law. If the State complies properly with these primary functions, development is protected from the fickleness of any bad leaders, and formation of a culture of justice and respect for the rules, which is essential to human progress, is assured.
In what appears to be a reaction to the scandals caused by the allegations of corruption on the part of members of the previous administration, Citibank and Banco Nacional have stopped attending to the accounts where the Democratic Party's administrators deposited money coming mainly from electoral subsidy.
Those who are elected to perform executive positions such as the Presidency of the Republic must be EXECUTIVES, not hide behind their shields by calling for assemblies when it comes to the responsibility for decision-making.
In Costa Rica energy, specifically electricity, has been for many years, a subject continuously on the agenda of business and policy makers because of the negative impact of its high cost on competitiveness. In the last election campaign, how to address this issue marked the differences between the candidates, and certainly defined the decision of many voters. It is an urgent issue that requires urgent decision making.
The only routes to success that exist, "whether they are right wing or left wing, are those requiring structural reforms to boost value, and prudence in the administration of the State".
"In Latin America, ... not all countries take advantage of the bonanza in the same way ... [the bonanza] in prices of raw materials, low interest rates, easy access to the international financial markets and in receiving FDI are abundant ...
Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Caribbean Community
Phone: (202) 331-9467
Key representative/s from the Guatemalan Exporters’ Association last 13-15 October attended the 8th TPO Network World Conference to exchange ideas and best practice around stimulating export-led economic growth and meeting the urgent challenges in the sector.
London & Regional Panama is the master developer of the former Howard air base in Panama, now called PANAMA PACIFICO.
Panama Pacifico, a mixed-use, business, residential and recreational center, will be created over 40 years by renowned developer London & Regional Panama in conjunction with the government of Panama. For those expanding business overseas, retiring in Latin America or simply visiting this beautiful locale, our sustainable, mixed-use business center and residential hub provides a balance of world-class amenities, infrastructure and services.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (507) 316-3500