There is growing use of the 'Vale Panamá' electronic cards as a means of compensation and bonuses payments to employees.
The main advantage of this mechanism is that the compensation paid by the company is exempt from labor costs, and can be used by employees in shops to buy food, medicine and other items.
Ana Lorena Broce, general manager of Vale Panama, reported that a lot of companies have migrated from the paper system to the electronic cards that are accepted at more than one thousand outlets.
US food companies dealing with energy, security, automotive, medical and pharmaceutical products will be meeting with Central American companies in Guatemala City on June 22nd.
The group arriving in Guatemala City on June 22 is composed of representatives of 25 companies from different productive sectors, who will participate in talks with diplomatic authorities and meet with companies from Guatemala and the region who are in interested in exploring business opportunities.
If Central America does not strengthen the institutions that ensure a stable legal framework and full respect for contracts, foreign investment will not come and national investment will go to other countries, no matter how many incentives and tax exemptions are offered.
EDITORIAL
The frequent displays of discontent for the Salvadoran Executive Branch in respect to rulings issued by the Constitutional Court and the inaction of the Panamanian government over blockades by a group of people are holding not only over the hydroelectric project Barro Blanco, but also the main access roads, are appalling signals sent from the region to the world, casting doubt on those companies who consider the region to be a potential investment destination.
Dual education is a system which corrects the permanent discrepancy that exists between centralized education and labor supply, reducing youth unemployment and increasing the productivity of economies.
EDITORIAL
The use of professional training is the foundation for the success of Germany's productivity, and has been adopted in most European countries, with particular strength in Austria and Switzerland.
When businesses reach key moments that will determine whether they succeed or fail, those who are going to intervene must have the necessary skills.
As Alexander Aguilar exemplifies in his article on Elfinancierocr.com, every company should have clearly identified from among its colleagues who will take the "penalty shot" in order to score a goal in decisive moments.
The world today is Volatility, Uncertainty, Complexity and Ambiguity: job security and long-term retention concepts are doomed to extinction.
EDITORIAL
Volatility, Uncertainty, Complexity and Ambiguity (VUCA) is a concept originally used by the military which defines "those situations where strategy, planning and decision-making take on extraordinary levels of difficulty, because the decision maker lacks minimum parameters required to guide their judgment. "
The Ortega administration will be creating a vice-minister who will be exclusively devoted to serving the needs of large and medium enterprises in the country.
The deputy minister will come under the Ministry of Development, Industry and Trade (MIFIC) and, as stated by the president himself Daniel Ortega, the purpose of this entity will be to serve only the needs of these businesses, separating them from the attention of small and micro companies.
"The box inside which we are locked assumes that all we are doing everything well and that the environment which we are interacting with will not change."
Every day there are more examples of businesses that refute what seems to be real and incontrovertible, in order to generate new ways of doing things to make money.
Alvaro Cedeno's article in Nacion.com is an excellent analysis of using disruptive change as a key to innovation and entrepreneurship:
The best way to generate entrepreneurship and innovation is not bringing people together in boring classrooms led by public officials who will never be entrepreneurs or innovative themselves, but by leaving space in the market for those who do have the courage and skills to be so.
Analysis of the overall growth of Uber, an international company that connects its customers to a transport network using software for mobile phones, is the basis for the development of a concept which states that the greater the freedom of competition is, the better products and services will be for consumers, and the greater economic development.
"It is we ourselves who are still looking ourselves as independent countries, when in fact we must work even harder on this unification."
In his article published in the magazine industry, the executive director of the Chamber of Industry of Guatemala Javier Zepeda, describes the situation which as yet has not be able to be changed: the plan for regional integration only exists on paper.
Low productivity in Central American economies is the barrier which needs to be overcome if we want to grow in a sustainable way.
A study prepared by the Nicaraguan Foundation for Economic and Social Development (Funides) analyzes the evolution of productivity in different production factors in Nicaragua, Costa Rica, El Salvador, Guatemala and Honduras.
Trade unionists who promote it, the officials who estimate it, the rulers who decree it, are not part of the legion of unemployed who surely would work for less than the official minimum wage.
EDITORIAL
The unemployed have no voice, in principle because they do not pay a sindical fee, and if they did have one, they would not raise it, because it feels devoid of the dignity necessary to do so, because they are used to adopting a very humble position in job interviews. Nothing further impoverishes the human spirit that lack of gainful income of one form or another.
An adequate legal framework is needed for the healthy and steady development of institutions engaged in microfinance.
The Association for Research and Social Studies (ASIES) has published a study on the essential institutional strengthening of microfinance in Guatemala, with its own data and references it reports from the Secretariat for Economic Integration (SIECA) on "The Importance of the Micro Financial Sector in Central America ".
The traditional event, in its thirty-third version, will include the speaker José Ugaz, a renowned fighter against corruption.
From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP):
The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) has ensured the success of the thirty-third version (XXXIII) of Expocomer and at the same time announced that the inauguration of the most important trade show in Latin America, will have as its keynote speaker Jose Carlos Ugaz, a Peruvian lawyer fighting corruption and promoting transparency in Latin America and in the rest of the world. In addition, the President of the Republic, Juan Carlos Varela will also be attending.
"Organizations that implement ethical practices improve their productivity, drastically reducing the risks of bribery, blackmail, conflicts of interest and fines."
An article by Felipe Coronel, partner at Latin Lex Consulting, which was published in the Journal Enlace Empresarial of the Chamber of Commerce of Panama, highlighted the responsibility of the business sector in the fight against corruption, concepts which can be extrapolated to the entire region, beyond each country's position in international corruption indices.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...