A work slowdown by pilots who guide ships through the Panama Canal is causing unprecedented delays and creating a costly bottleneck for shipping companies, canal employees and shippers say.
Some 250 Panama Canal pilots, who take charge of all vessels while they travel between the Pacific and Atlantic oceans, want a pay raise and formal work contracts, and are protesting by giving only limited help to clear gridlocks in the busy trade route.
In January 2017 work will begin on expanding internal roads and building new roads within the project, the planned invested amount for which is $100 million over the next 10 years.
Although fewer companies set up there in 2016 than in previous years, London & RegionalPanama is preparing infrastructure investments for the next ten years, including a $90 million mixed use development, for which an Environmental Impact Assessment (EIA ) has already been submitted.
In Costa Rica protests are being made against a decision by the Ministry of Public Works to segment road maintenance works into only three contracts, limiting the participation of more companies.
After a meeting with representatives of the sectors who are concerned about the measure, the National Highway Council (CONAVI) announced that it will review the specifications of the tender with the aim of expanding the division of work. However, they clarified that "... They can not be exceeded due to the economic limitations of the entity to make the contracts. "
Genpact Limited announced the acquisition of GE Money call center, a General Electric subsidiary, at an initial investment of $11.6 million and that it will provide work for some 700 young people.
Via telephone from Mexico, Patricia Maese, Genpact's director of corporate relations, commented that the acquisition will serve as the foundation for expanding their services through the Latin American region.
Preparations are being made for the opening of a training center to improve the quality of services provided in the main tourist city of Nicaragua.
The Tourism School will focus on training for businesses in the city of Granada, with an academic program focused on "... providing accommodation, reception techniques, food handling, tour guides and techniques for guides, among other things. "
This form of funding appears to be the most feasible for large public infrastructure works.
The limitations of the state budget to address infrastructure projects require the assistance of private capital, and the securitization trust model is being adopted by Costa Rican public institutions to finance these works.
There are 11 projects in various stages of the formation process of securitization trusts in various sectors such as energy, telecommunications, health, and education.
In the Legislative Assembly of Costa Rica a bill is being discussed which would impose compulsory licensing for IT and computing professionals.
The bill that seeks reform of Law No. 7,537, Organic Law of the Association of Professionals in Information Technology and Computing has been ruled on positively in the Commission which is studying it. The bill states that "any person who works as a computer technician or computer operator must be incorporated into the School of Information Technology and Computing Professionals (CPIC)."
While in the rest of the world the standard is close connections between the private sector and academia, the region is still holding on to old ideological myths, which negatively affect development.
On inaugurating in El Salvador the II National Congress of Higher Education entitled "Linking Higher Education to the Workplace", the Minister of Education, Franzi Hato Hasbun, noted the need to "carry out a process of connection between company and university , encouraging three fundamental aspects: research, innovation and overcoming social projections. "
CEOs and senior executives have pledged to expand trade and investment in view of the global economic slowdown.
Central America and the Caribbean together represent a market of approximately 56 million people. According to the Secretary General Albert Ramdin, it is time to exploit all business opportunities and implement specific initiatives to expand trade and investment between both regions. "To accomplish this, the governments of both parties must be willing to review the existing trade environment and reduce the barriers. At the same time, the private sector must be ready to establish creative relationships with their counterparts," said Ambassador Ramdin.
Ortiz Construcciones y Proyectos, Constructora Meco, consorcio MCM Global, Conalvías Construcciones and Asociación Accidental C&C Construye submitted bids in the range of $23 million to improve Via Argentina.
In the tender process to improve the urban public space on Via Argentina, the reference price was $24 million, and five companies submitted bids of around $23 million, with differences of just one or two cents.
There are seven deadly sins being committed in agricultural production in Latin America, preventing possible productivity and perpetuating poverty and underdevelopment.
In his article in Laprensa.com.ni, Juan Vega Gonzales summarizes the concepts developed by Polan Lacki, a
Brazilian specialist with 50 years experience in rural development, regarding the reasons for Latin America’s agricultural underdevelopment.
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