Although companies are willing to make adjustments from 2% to 4% in the three years that the new Collective Bargaining Agreement is in effect, the union wants more.
On April 23, work in the sector could be halted if companies and the union can not reach an agreement that satisfies the workers' union.
Erasmo Cerrud, deputy secretary of the National Trade Union of Workers in the Construction Industry and Allied Partmers (Suntracs) and chief negotiator for the workers, told Prensa.com "that the construction industry has investments worth 15 billion dollars, and wages earned by workers do not reflect the increase in the cost of living. "
Advantage must be taken of the opportunities offered by local markets, and of the importance of endorsing policies and regional negotiation standards.
Eduardo Rodríguez, Director General of PiPCA (Central American Integral Price Provider), in the blog "Integrated Securities Markets" in Capitales.com, analyzed the opportunity for access to local capital due to the restriction in international credit and its related benefits. At the same time, he was skeptical about the integrated functioning of the stock exchanges in Central America.”
On 16 February experts in the construction sector will be meeting to discuss issues such as sustainable building techniques for efficient water use.
The Commission for Environment and Sustainability at the Panamanian Chamber of Construction (Capac) has organized for a forum on February 16 which will include the participation of experts from the Ministry of Environment, the Panama Canal Authority, the Water Center for the Humid Tropics for Latin America and the Caribbean, the University of Panama and the Panama Green Building Council.
The feasibility study is in its initial phase, perforating wells in order to determine the temperature of the water and the potential of the source.
Fernando Quiñonez writes in Sigloxxi.com: "Taking advantage of the fact that the mining project in the village of Cerro Blanco, in Asunción Mita, Jutiapa, is very close to a geothermal source, the company Gold Corp.
In the view of entrepreneurs, insecurity is still the main factor preventing the arrival of larger flows of foreign direct investment to the region.
Despite the benefits and incentives of all kinds offered by governments to encourage the establishment of foreign companies in Central America, as long as violence and insecurity is not tackled in a more effective manner, investment flows will continue to dwindle.
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