Trading volume last year reached $1.526 billion, 30% more than what was traded in 2015.
The repo market accounted for most of the volume traded in the stock market in 2016, with an increase over 2015 of 33%.The volume traded in these instruments was 382 million, while in 2015 $289 million was traded.
Suzuki S.A., Canella S.A. and Agencia y fábrica Honda S.A. are the three companies with highest number of commercial establishments dedicated to the sale of motorcycles, cars, and spare parts in the country.
In Guatemala 5,500 commercial establishments are registered in the automotive sector dedicated to selling vehicles, parts and replacements, 75% of which are concentrated in the department of Guatemala.
Issuances registered between January and September 2016 exceed 60% of the total issuances registered throughout 2015, and projections are that the year will close with $7 billion traded in the local market.
The scandal generated from the leaked information about the firm Mossack Fonseca, "Panama Papers", and the questions about the lack of financial transparency that arose afterwards, do not seem to have affected the attractiveness of the stock market for providing finance to companies through the issuance of securities.
The existence of 26 active brokerage companies confirms the confidence that this marketing channel continues to earn in the insurance market.
Since the opening up of the Costa Rican insurance market in 2010, momentum has gained in the activity of insurance brokers, going from one single company to 26 companies. Added to this are two entities with conditional authorization given by the Superintendent of Insurance (SUG): Innova Sociedad Corredora de Seguros and Akros Corredores de Seguros, while another two have recently filed applications, and are in the stage of reviewing regulatory documents, according Elfinancierocr.com.
While pressure grows in Guatemala for the contract with APM Terminals to be annulled, the US company American Ports has expressed interest in operating the port.
Following opposition on the part of Congress to the possibility of approving a bill put forward by the executive branch proposing the granting of a direct concession to APM Terminals, now the Comptroller General of Accounts (CGC) has recommended declaring the contract void and starting a new process.
In a transaction whose amount was not disclosed, Globeleq Mesoamerica Energy and Actis sold 100% of the equity of the 125 MW wind farm Cerro Hula to Corporacion Multi Inversiones.
From a press release by Actis Energy:
Actis, a leading growth markets investor, and Mesoamerica, a Latin american investment management firm, today announced the sale of their stake in Globeleq Mesoamerica Energy (GME) to Corporacion Multi Inversiones (CMI) a corporation of Central American origin with activities across 13 countries. CMI is acquiring a combined 100% stake from Actis and Mesoamerica.
Due to liquidity problems, in Costa Rica the chain store Casa Blanca has started a legal process in order to reach an agreement regarding payments to its creditors.
Increasing competition in the market of home appliances and white goods could be one of the reasons behind the difficulties facing the White House chain, and that led to its request to organize a payment agreement with its creditors.
Businessmen in the hotel, agricultural and textile sectors form part of the delegation which will be meeting with representatives from the government and Honduran companies between January 7th and 26th.
The delegation will be made up of business people, government representatives and technicians from China, who will carry out the certification processes for melon and meat as part of the requirements to start exporting these products.
With the backing of Congress the National Electricity Company aims to raise money on the international market in order to improve its debt profile.
Converting short-term debt which has high rates to debt with longer maturities and with lower interest rates, is what the National Electricity Company (ENEE) is aiming for in the external market.Congressional authorization allows the ENEE to issue up to $858 million in debt.
About 30 to 40 electric energy producers will be participating in September in a public tender process to earn a space in the market.
Victor Gonzalez, manager of Mercado Electrico de la Empresa de Transmision Electrica (ETESA, a power company) explained that in the next few months there should be 120 megawatts more of power that will be generated, thereby guaranteeing that this years demand for energy will be met.
“Endomarketing” is no longer disconnected from general public marketing. It is now part of a unit in which an employee is considered an additional consumer.
Juan Isaza, Master in Marketing from RMIT University (Australia), analyzed how companies can benefit from the recent phenomena of clients placing more trust in employees than in the official voice of companies.
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