S&P Affirms Sovereign Rating for El SalvadorFriday, January 29, 2010 Standard & Poors maintained its sovereign debt ratings for El Salvador: “BB” for long-term and “B” for short-term. The rating company also announced that the outlook remains stable. Tender for Water Meters for $8 millionTuesday, July 3, 2012 The Institute of Aqueducts and Sewage Systems in Panama is putting out to tender the supply of water meters to be used in the Panama Metro. The requirement is for the supply and installation of Multi Jet Velocity Thermoplastic Meters measuring 5/8 "in diameter and, high-strength polyethylene meters 5/8 and ¾ containment boxes. Panama to Create Sovereign FundThursday, July 1, 2010 This fund would consolidate all the shares owned by the State of Panama in several companies. The government of Panama has requested proposals on how to organize this fund to three investment banks: Merrill Lynch, J.P. Morgan and Macquarie Capital. S&P lowers outlook for GuatemalaWednesday, November 19, 2008 S&P revised its outlook from positive to stable, but it maintained its country risk rating for foreign currency at BB/B. "The revision from positive to stable reflects the slowdown of record growth, both for tax collection as well as for the growth of the GDP during the last two years," explained Roberto Sifon Arevalo, S&P analyst. Costa Rica: Labor Market Figures - June 2017Friday, August 4, 2017 At the end of the second quarter the employed population increased by 125 thousand people, but the number of unemployed people remained unchanged compared to the same period in 2016. From the Continuous Employment Survey, II quarter, by the INEC: Costa Rica: Insurance Market up to October 2016Friday, December 16, 2016 Income from insurance premiums grew by 16% compared to the same month in 2015, reaching $1.021 billion, in a market with great growth potential. From the Monthly Bulletin by the Superintendent of Insurance: Company Profile Organization that operates in Costa Rica and Panama.
Costa Rica: Insurance Market - June 2017Tuesday, August 15, 2017 During the first half of the year insurance sales grew by 17% compared to the same period in 2016, explained by a general increase in all types of policies. From the Monthly Bulletin by the Superintendent of Insurance: Panama: Cold Chain Contract CanceledTuesday, February 14, 2017 HPC Contratas P & V will not finish the construction of public markets and supply stores in La Chorrera, and the bond company will have to hire another company or pay the performance bond. After three years of cessation of work by the contractor due to liquidity problems in the consortium HPC Contratas P & V, the state run Mercado Nacional de la Cadena de Frío decided to terminate the contract. Hydroelectric Construction Contract Uses “BOT”Thursday, August 11, 2011 "Build-Operate-Transfer" is the format under which the company P.H. Chucás will manage the hydropower project for the Instituto Costarricense de Electricidad (ICE). The contract countersigned by the Controller General of the Republic (CGR) states that the ICE will buy "hydroelectric energy in blocks of up to 50 MW (megawatts)" for a period of 20 years, therefore paying a total $495 million to P.H. Chucás . Virtual Winner for Convention CenterTuesday, September 25, 2012 The consortium HPC-Contrata-P&V obtained a technical score of 66 points, compared to 46 and 41 of ICA and Odebrecht, offering to build the Convention Center in Panama for $194 million. The long awaited opening of envelopes containing the financial proposals of the bidders in the tender for the construction of the Convention Center on the Amador Causeway, in the capital of Panama, has finally taken place. Costa Rica: Insurance Market up to April 2017Friday, June 30, 2017 The increase in the mandatory insurance segment is responsible for most of the 20% growth recorded in premiums in the first quarter of the year compared to the same period in 2016. From a report by the Superintendency of Insurance: Costa Rica: Unemployment Rate Goes Up to 11.9%Thursday, August 1, 2019 From April to June of this year, the unemployment rate stood at 11.9%, higher than the 11.3% reported in the first quarter of 2019. For the second quarter of 2019, there was a significant increase in the net labor participation rate of 63%, with a 2.1 pp. increase over the same period of the previous year. The national labor force was 2.48 million people, significantly increased by 114 thousand people compared to the second quarter of 2018, this product of an equally significant decrease in the population outside the labor force (60 thousand people), reported the National Institute of Statistics and Censuses (INEC). Costa Rica: Negative Figures for the Construction SectorTuesday, January 9, 2018 The construction industry registered a decrease of 10%, due, according to data from the Central Bank, to less bank financing and to an excess of bureaucratic procedures. The trend cycle series of the quarterly indicator of meters built decreased 10.3% in the fourth quarter of 2017, which is due to less construction of non-residential and residential buildings (-5.1%, -15.1%, in the same order). Poverty in Costa Rica Does Not Fall BackThursday, October 17, 2019 During 2019, the proportion of households living in poverty in the country remained at 21%, which is identical to the percentage reported in 2018. According to the National Household Survey 2019, prepared by the National Institute of Statistics and Censuses, per area of residence, urban poverty reaches 19.8% of households, while rural poverty reaches 24.2%, both values without significant changes with respect to 2018. |
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