Announcements have been made citing more impetus for the development of the Caribbean Coast based around modern port infrastructure which meets international market requirements.
"In the Caribbean region there are few roads, low levels of population concentration, low levels of skilled labor and therefore the project will be carried out as a mega project to develop the Caribbean coast," said Hugo Lopez Sanchez, Deputy Director General of the Directorate General of Water Transport (DGTA by its initials in Spanish), at the Ministry of Transport and Infrastructure (MTI).
Through a new division, DIPO Pharmaceutics (Dipo Farmacéutica), the distribution company will serve the pharmaceutics industry.
DIPO has warehouses in Guanacaste, San Carlos, Pérez Zeledón, Pococí and San José. It currently serves 11.000 businesses and plans to serve 1.000 more with the new division.
From Elfinancierocr.com: “Dipo will enter the highly competitive market of medicine distribution. The largest participants are now Cofasa, Grupo Farmanova and Cefa. The latter recently decided to focus in Costa Rica by selling its operations in Honduras and El Salvador”.
The implementation process for digital signatures still has a long path of activities and processes to complete.
The article by Carlos Cordero Pérez on the financierocr.com points to multiple steps to complete and obstacles to remove, including "the purchase of smart card with the digital signature", "authorization of bank branches to distribute them."
The growth of Panama's economy has increased sales in the insurance sector and improved the business climate, executives say.
The Panamanian insurance market grew by 14.6% in premiums in 2012, the highest in Central America, and this result is linked to the strong 10.5% growth of the economy and the positive business climate, industry leaders said .
Three businesses will enter the cell phone market as competitors to the already established public entity of the Costa Rican Electricity Institute (ICE).
The vice minister of telecommunications, Hannia Vega, said that the government has decided that the opening of the telecommunications market would be immediate, for which the terms and conditions for the new operators are now being determined.
Otto Perez Molina: "This is the third attempt to modernize the port and it must not fail, it must go ahead. I am determined for this to succeed and ask you to allow modernization "
Tthe forum ‘Myths and Realities of Puerto Quetzal’ was convened by the President in order to explain the reasons for the Port of Quetzal Company (EPQ in Spanish) has leased an area of 348, 171.81 square meters for 25 years, renewable, to the company, Terminal de Contenedores Quetzal (TCQ), a subsidiary of the Spanish company Terminal de Contenedores de Barcelona (TCB).
In the view of the private sector the decision taken by President Perez Molina to remain in his position contributes to the further deterioration of the country's image, at a time when the economy is showing signs of stability.
Just as the decision by the Public Ministry and the International Commission Against Impunity (CICIG) to conduct an investigation was applauded by the Guatemalan business sector, the president's decision to remain in office has not been well received and has caused deep concern, mainly because of the negative impact it has on the country as a destination for foreign investment.
Otto Perez, president elect of Guatemala, has appointed Sergio de la Torre as the future Minister of the Economy.
The president-elect said of the decision: "In the past 8 years Sergio de la Torre has been a member of the Monetary Board, he is a business manager and a businessman. He has always been involved in the country’s economic development."
The Ministry of Labor has announced that as of January 1, 2015 a 5% increase in minimum wages in the productive sectors will come into force.
From a statement issued by the Government of Guatemala:
The Minister of Labour and Social Welfare (MTPS), Carlos Contreras, reported that the minimum wages for 2015, corresponding to agricultural, farm, maquila and non-agriculture sectors will increase by 5%, which is the third consecutive increase recorded during the administration of President Otto Perez Molina.
With the aim of making progress toward a free trade agreement (FTA), the region's Ministers for Trade are meeting with their Peruvian counterpart in the Panamanian capital.
Present at the meeting will be Honduras' Héctor Escalante, Costa Rica's Fernando Ocampo and El Salvador's Carlos Moreno, representing their respective countries, which have all expressed an interest in participating in the FTA negotiations with Peru.
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