Honduras: Transfer Pricing in Foreign CompaniesMonday, June 22, 2015 The Executive Directorate of Revenue has announced that as part of the changes in the audit and tax collection it will oversee the transfer prices of companies headquartered abroad. In addition to the implementation of electronic billing and other changes that aim to improve the supervision of tax collections, the Executive Directorate of Revenue (DEI) has announced that foreign companies or Honduran companies whose headquarters are outside of the country must report in detail their transfer prices. Honduras: Tender for Hospital Project ResumedWednesday, April 15, 2015 An announcement has been made of the reactivation of the tender to build the Southern Regional Hospital, a work for which a $33 million loan was signed in 2012 with the government of South Korea. The tender includes the construction of a new building and medical equipment, and is expected to start this month with earthworks which were tendered two months ago. More Costs for Construction in HondurasThursday, June 12, 2014 If a company in the construction sector wants to sue the state for breach of contract it must deposit the equivalent of 20% of the value of the claim. The measure which comes into effect this year is set out in Article 278 of the recently enacted Public Finance Ordinance, Control of Exemptions and Evasion Measures, and indicates that the deposit must be equal to 20% of the value of the claim and must be made before the legal process is started. Honduras: 5-month Delay in Sanitation PermitsMonday, July 14, 2014 The private sector is calling on the government to implement a fast-track mechanism to expedite the issuance of sanitation permits for exports. In meeting with the Ministry of Health, the Chamber of Commerce and Industry of Tegucigalpa raised the option of expediting the delivery of sanitation permits for exports, analyzing the experiences of neighboring countries which have reduced lead times. Honduras: Agreement Over Mine in San AndrésThursday, May 12, 2016 Operations have been resumed following an agreement between representatives of government, community, and the mining company Minerales de Occidente. An article on Laprensa.hn reports that "...Until a few days ago, Minerales de Occidente had halted its operations, embroiled in resolving protests, demonstrations and strikes in the area where it operates, on the part of groups representing the community who questioned operation of the mine." Honduras: Reduction in New Car SalesThursday, April 24, 2014 In 2013 vehicles sales fell by 20% compared to 2012 due to a rise in sales of used cars. The Honduran Association of Motor Vehicle Dealers and Allies reports that in the first quarter 15% fewer cars were sold than in the same period in 2013. Regional Cocoa Forum HondurasFriday, April 8, 2016 Central American producers are invited to attend the Regional Cocoa Forum on August 17 and 18 in the Expocentre in San Pedro Sula. The Cocoa Producers Association of Honduras (APROCACAHO) invites producers in Central America to exchange experiences regarding climate change, markets and obtaining good cocoa prices, reported Latribuna.hn. Honduras - Peru Chamber of CommerceThursday, October 9, 2014 Employers have announced that January 2015 will see the opening of the Honduran -Peruvian Chamber of Commerce which will focus on facilitating business between the two countries. With the affiliation of 32 Honduran companies, this initiative will seek to exploit business opportunities in the Peruvian market for Honduran companies. Honduras: $10 Million Investment in TechnologyTuesday, November 1, 2011 The Honduran state-owned telecommunications company has announced it will invest in new technologies to be brought to market next year. Romeo Orlando Vásquez, head of the Honduran telecommunications company (Hondutel), stated that, "we have been authorized to invest $10 million in technology to be brought out next year... with a view to making the company more competitive". Honduran Government Refuses to Accept Cement Price RiseThursday, November 3, 2011 The government will not accept the increase in cement prices for 2012 announced by the construction sector. Sector representatives from the country's chamber of industry and construction (Chico in Spanish) claim that the $0.48 price rise is due to the devaluation of Honduras' currency as well as increasing energy and fuel costs. Honduran Airport Investment AnnouncedThursday, November 10, 2011 The company Aeropuertos de Honduras has announced an investment of $52 million into expanding and remodeling four international terminals. Fredy Nasser, president of Aeropuertos de Honduras, said that the works will be carried out at the airports of Toncontín in Tegucigalpa, Goloson in La Ceiba, Juan Manuel Galvez in Roatan, and San Pedro Sula. Honduras Prohibits Entry of Guatemalan PorkWednesday, November 16, 2011 The Honduran Health Service has taken action against the outbreak of classical swine fever detected in Guatemala. The border closure also applies to pork products and byproducts, except those that have had a special heat treatment. Honduras Free of Classic Swine FeverThursday, August 11, 2011 The World Organization for Animal Health (OIE) has declared the country free of classic swine fever. Since 2006 the Ministry of Agriculture and Livestock (SAG), the National Service of Agricultural Health (SENASA) and the International Regional Organization for Animal Health (OIRSA) have worked together to eradicate the disease. FedEx Confirms Investment in HonudrasThursday, December 8, 2011 With an investment of $25 million the multinational will build a logistics park in Valle de Amarateca, together with company Gutiérrez Logistics. In an area spanning 70 hectares, the logistics center will feature complete services, container parking, security systems, fiber optics, banks and even a health center. Honduras Approves 2012 Budget of $7,630 millionThursday, December 15, 2011 The budget approved by the National Congress represents an increase of 8.5% compared to 2011. The increase in the budget ($ 582 million) is destined almost exclusively to cover increases in teachers salaries. |
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