Empresa Tomza Guatemala S.A. reported that in Nicaragua the government of President Daniel Ortega illegally expropriated and confiscated the company's assets, which together amount to $4 million in investments.
The expropriation process took several years. Tomza executives explained that in 2015 they were granted the permits for the construction of a property located in the municipality of Tipitapa, department of Managua.
The Legislative Assembly approved in second debate a bill that aims to tax in the country the sale and self-consumption of imported or locally produced cement.
The initiative, which was approved in the first debate in the Assembly in mid-February and is still pending approval by the Executive Branch, establishes that the tax will be on imported cement produced nationally, in bags or in bulk, for sale or self-consumption, of any kind, whose destination is the consumption and marketing of the product nationally.
The lack of a competition law in Guatemala could expose the country to sanctions from the European authorities, since it is a requirement demanded in the regulations of the Association Agreement with the European Union.
Since the end of 2016, the Association Agreement (AdA) required Guatemala to have a law on the matter, since in 2019 a Central American competition authority would have to be created.
Changes in legislation restricting the use of disposable plastic containers and packaging force companies to look for other options, some of which could be up to five times more expensive.
In Costa Rica, the Legislative Assembly ratified the ban on the import, marketing and distribution of expanded polystyrene containers, better known as styrofoam.
With the approval in Second Debate of file 19.833 "Addition of an article 42 bis, a paragraph d) to article 50 and the transitory XIII, XIV and XV to the Law for the Integral Management of Waste, No.
The bill being discussed in Costa Rica basically seeks to extinguish the assets of organized crime, but there are those who claim that as proposed, it puts at risk the presumption of innocence of individuals.
The extinction of domain is a concept that in practice refers to seizing or confiscating assets linked to criminal activities, and then transferring them in favor of the State.
Limiting the fees charged in Costa Rica and establishing a law that defines market limits in Guatemala are part of the attempts being made in the region to regulate the use of credit cards.
A law proposal presented last January before the Legislative Assembly of Costa Rica, aims to regulate the percentage of the commission paid by businesses for credit or debit cards.
In the Central American region, the average unemployment rate for those aged between 15 and 24 is estimated to be around 11%, with lack of work experience being the main barrier to accessing the first job.
According to figures from the Central American Observatory of Social Development, Costa Rica and Panama are the countries in the region with the highest rates of youth unemployment, with 27% and 15%, respectively.
In Costa Rica a law iniatiative pretends to force companies to have 25% of their workforce composed by young people aged between 17 and 24 years old.
EDITORIAL
The problem of unemployment that affects thousands of young people in Costa Rica and the Central American countries will not be solved simply by forcing private companies to hire a certain proportion of young employees, regardless of their qualifications and skills, or even worse, without considering whether there is an actual need for hiring or not.
The concept protects those who work for the state or in a formal company, at the price of excluding those looking for a job and in particular young people.
OPINION Jorge Cobas González
In France, a country characterized by being one of the most advanced in protecting workers, the pendulum of history is changing the direction of its swing, meeting the demands of reality: the competitiveness of economies is based on the efficiency with which their resources are used.And in the Age of Knowledge, the human factor is the first to be taken into consideration in this matter.
The housing market, casinos, concert halls, and the livestock sector are all used to launder money in Central American countries.
Excerpted from the report "International Narcotics Control Strategy Report, Volume II, Money Laundering and Financial Crimes" by the US State Department:
Costa Rica Transnational criminal organizations continue to favor Costa Rica as a base to commit financial crimes due to its location and limited enforcement capability. Costa Rica’s government has attempted to strengthen the legal framework for supervision and enforcement; however, challenges remain in mitigating money laundering risks. Costa Rica is a transit point that is also increasingly used as an operations base for narcotics trafficking; and significant laundering of proceeds from illicit activities continues. Costa Rica should continue to close financial crimes legislative gaps and allocate resources for investigation and prosecution.
The way to prevent rising tuition fees in private educational institutes is not by regulating them but by raising the quality of public education.
EDITORIAL
It is a market issue.If the public education systems performs poorly, as is a general trend in Central America, it is obvious that private institutions, in many cases companies that have a legitimate desire for profit, will emerge in order to meet the demands of parents who want better education for their children.
In order to get the most leverage from the Canal as sea and air hub optimization of Panamanian land cargo transportation is needed.
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), through its Committee on Logistics and in order to promote the country as a regional transit hub, recently presented to the National Assembly some modifications to the Bill on Land Cargo Transportation, with a view to promoting the logistics sector and creating a more agile and efficient business relationship with Central American nations.
The Congress of Costa Rica has been inspired by the famous tango Cambalache and now those who "work day and night like an ox are the same as those who live off other people, those who kill are the same as those who cure, or those who live outside the law..."
EDITORIAL
The Costa Rican Legislative Assembly has given final approval to a bill that clears the records of crimes committed by people after they have served their sentences. Until now, criminal records have only been "cleaned" after 10 years have passed since the sentence was carried out.
From December 2016 the Asian country will prevent the entry of agricultural products containing any residues of agrochemicals.
From a statement issued by the State Phytosanitary Service in Costa Rica:
SFE authorities have communicated to exporters of unprocessed plant products destined for Korea, that this nation has established a new legislation on Maximum Residue Limits (MRLs) of pesticides.