Not considering the costs of the collection process, nor market conditions, are some of the failures that banks identify in the bill being discussed in the Legislative Assembly of Costa Rica.
The carrot strategy is to implement the right incentives for everyone to be committed to the same goal: the culture of profitability.
Ariel Baños, price management specialist and founder of Fijciondeprecios.com, explains how through the "carrot strategy", companies can move from the "culture of volume" to the "culture of profitability."
The carrot strategy is to implement the right incentives for everyone to be committed to the same goal: the "culture of profitability". It is not an easy path, since it can mean to say "no" to certain businesses contributing volume, but end up deteriorating the final results.
In Costa Rica, the Central Bank and the Commission to Promote Competition are proposed to set a single percentage in the commissions paid by businesses for accepting credit or debit cards.
Law 21.177, which aims to empower the government to regulate the commissions charged by financial institutions to businesses, was presented to the Legislative Assembly by several deputies.
Government and representatives of the sector have announced the creation of a work commission that will focus on defining new strategies to boost the coffee activity in the country.
Representatives from the Central Bank of Nicaragua (BCN) and coffee producers held a session in which they agreed to work together on various issues that impact on the activity of the sector, among which, are the effects caused by pests.
The government has proposed the creation of an integrated national commission made up of producers, exporters and the financial sector in order to develop and revive the sector.
The purpose is to develop a medium-term plan to reactivate the coffee growing sector after the devastation caused by the rust fungus, which affected 28% of the 2013/14 harvest.
It is expected that the Law of Pension Savings System will soon be reformed, reducing the commissions earned by AFPs from 2.7% to 2.2%.
A majority of members of the Finance Committee of the Salvadoran Legislative Assembly have endorsed amendments to the Law on the Pension Savings System. The main changes include a reduction of the commissions earned by Pension Fund Administrators (AFP in Spanish) from 2.7% to 2.2%, and allowing up to 45% of pension savings to be invested in Pension Investment Certificates (IPC in Spanish) issued by the state to pay for pensions under the previous system.
The government of El Salvador is promoting a reform to lower the percentage of commission given to the AFP from contributions, from 2.7% to 2.2% and that seeks to improve yields for contributors.
The government of El Salvador has listed a series of reforms to the pension law. One is to reduce the commission received by the AFP from 2.7% to 2.2% for each contribution in order to increase the returns to workers.
If desired, the artists in Panama City's carnival can be contracted directly, bypassing the usual brokerage done by promotion agencies.
"They negotiate with the artists, I'm not going to inflate my budget," were the words of the manager of the Panama Tourism Authority, Solomon Shamah, referring to the $ 140,000 which is earmarked for direct payment of artists performing at the city´s carnival."
The commission is composed by representatives of the private sector, civil society, academy and Government, and will oversee the construction of public infrastructure.
The finance ministry (Minfin), informed the creation of this commision, which is part of a World Bank sponsored initiative, called Cost.
"Cost intends to control public purchases, material quality and project construction", reported Prensalibre.com.
Any services for which banks charge commissions will have to pay the ITBMS tax, also known as goods and services transference tax.
It will come into effect on January 1st, 2010, according to the last tax reform.
Prensa.com reports: "Article 29 of the Law 49, September 2009, charges ITBMS to 'commissions charged for transferring securities, commissions generated in banking or financial services provided by legally authorized institutions, as well as commissions charged by entities engaging in brokerage activities'".