Arguing that there is greater potential for sustainable and profitable expansion in Nicaragua and Guatemala, the Mexican business group dedicated to dairy production decided to close the operations of its production plant in Costa Rica.
Arguing that the decision is due to the commitment of the search of the profitability, from November 8 the Spanish company of transport by application will stop offering its services in Santo Domingo and Panama City.
As a result of a constant process of analysis of the markets in which it operates, the company has made the strategic decision to stop its service in both capitals, the company said in a statement.
Identifying critical business needs and setting up plans on how to maintain supplies and operations, as well as establishing communication channels with suppliers to be informed in case of any eventuality, are part of the advice for companies.
The coronavirus has already affected the world economy, and its effects do not seem to stop. With countries in quarantine, financial markets in the black and international trade diminished, the economic outlook is not very encouraging, explains a document from the Guatemalan exporters' union.
The Salvadoran Civil Aviation Authority has temporarily suspended its operating permit and granted it a period of 90 days to decide whether or not to stay in the aviation market.
The company must decide its future in a maximum period of three months, as established by the Civil Aviation Authority of El Salvador.Its executive director, Jorge Puquirre, told Elmundo.sv that"... 'Their argument (the CASI) is based on current aircraft not being profitable under the terms of the low cost tickets offered'. However, 'they are already in talks with other operators looking to lease other smaller aircraft'. If the company decides not to stay in the market, the Civil Aviation Authority has the legal power to 'cancel the operating permit permanently'."
The airline of Salvadoran origin will suspend its operations for three months to resolve "financial problems" and a carry out restructuring.
The airline that in late 2014 announced flights between the capitals of Central America for $199 for two people, is now facing financial problems that has forced it to close its operations for at least three months in order to restructure the company.This was confirmed to Elsalvador.com by the principal adviser to the group ofcompanies Alba and by Vuelos Económicos Centroamericanos (CASI), José Luis Merino.
The corporation has decided to suspend operations indefinitely "due to the continuing deterioration of economic and business conditions ."
From a statement issued by Kimberly-Clark:
CARACAS, Venezuela, July 9, 2016 / PRNewswire / - Kimberly-Clark Corporation (NYSE:KMB) today announced the indefinite suspension of all operations in Venezuela, with immediate effect, due to the continuing deterioration of economic and business conditions.
The airline has suspended its flights between Mexico City and Caracas indefinitely, due to the complex economic environment prevailing in the country.
From a statement issued by Aeromexico:
Mexico City, 23 June 2016.- Aeromexico, Mexico's largest airline, announced that - almost five years after starting the operation between Mexico City and Caracas - it has decided to suspend these flights indefinitely, due to the complex economic environment prevailing in the country.
As part of a fraud investigation, the temporary closure has been ordered for ten stores belonging to Panama's Grupo Wisa, which operates in the Guatemalan airport under the La Riviera brand.
The order given by the public prosecutor of Guatemala is part of an open investigation for fraud and involves the temporary closure of ten branches and a warehouse belonging to the company Tiendas Libres de Guatemala S.A., known as La Riviera.
The company founded on Costa Rican capital, Jack's Foods, has announced that within five years it will transfer 50% of its production activities to Nicaragua, El Salvador and the United States.
From a statement issued by Alimentos Jack's:
Alimentos Jack's, a company founded on 100% Costa Rican capital, has decided to continue its expansion outside of Costa Rica and is planning to transfer 50% of its operations within five years, to the United States, El Salvador and Nicaragua.
Noting high production costs, Incesa has announced the closure in Costa Rica of its sanitary ware manufacturing plant, and its installation in Guatemala and Nicaragua.
Incesa Standard, a subsidiary of the Colombian company Corona, will start closure of operations gradually over the first six months of the year. The company argues that in the production process costs for labor and energy are very high, preventing the continued operation of the plant in the country.
The Superintendency of Corporations has ordered the opening of bankruptcy proceedings on the assets of Interbolsa SA, parent company of the Grupo Interbolsa.
A statement from the Superintendence of Companies of Colombia reads:
Bogota, Jan 4 (SS).
The Superintendency of Corporations in the exercise of its statutory powers 430-000043 January 2013 has decreed the opening of bankruptcy proceedings of the assets of Interbolsa SA, the parent company of Grupo Interbolsa.
Having determined that there are no viable alternatives for the entity to continue developing its objective, it will be liquidated.
A statement from the Financial Superintendence of Colombia reads:
SUPERINTENDENT OF FINANCE ORDERS COMPULSORY LIQUIDATION OF THE BROKERAGE AGENCY INTERBOLSA SA
- Fogafin informed the financial Superindendent that there are no viable alternatives for the entity to continue developing its objective, and for that reason it will be liquidated.
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