The Mexican businessman has highlighted the harmony between government and businesses, confidence and existing physical and legal security in the country.
From a statement issued by the Superior Council of Private Enterprise:
Carlos Slim outlines conditions for investments in Nicaragua
The Mexican businessman Carlos Slim participated on Thursday September 10 in a conversation with Nicaraguan businessmen united under in the Superior Council of Private Enterprise (COSEP).
With an investment of $1.1 billion it will connect to Brazil, Colombia, the United States, Guatemala, Mexico, Puerto Rico and the Dominican Republic.
The company announced that it has completed the installation of a submarine fiber optic cable which guarantee services. This project will connect Brazil, Colombia, the USA, Guatemala, Mexico, Puerto Rico and the Dominican Republic.
The Center for Settlement of Investment Disputes has started arbitration proceedings in which Panama could end up paying up to $2.5 billion.
Months ago the U.S. company Transglobal Green Energy (TGGE), called on the Panamanian government to reach an agreement on the cancellation of an award for a hydroelectricity plant which was subsequently awarded to Grupo Ideal owned by Carlos Slim, however, lack of action by the authorities led the company to take further action.
In agreement with America Movil, AT&T will operate in 15 countries including all of Central America.
Expectations are that AT&T will today announce that it will "... extend its reach in Latin America for business customers through a cooperation with the firm America Movil, belonging to the Mexican billionaire Carlos Slim".
The company will do business in 15 countries including Argentina, Chile and Colombia through connections with America Movil networks. Other nations that AT&T services will be extended to are Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru and Uruguay.
The Mexican businessman is studying possible investments in exploration and exploitation of oil and natural gas, and the construction of a rail line between Mexico and Guatemala.
From a press release from the Presidency of Guatemala:
President Otto Perez Molina met on Wednesday with the Mexican tycoon Carlos Slim, head of a leading corporation in the telecommunications sector, who evaluated potential investments and job creation in Guatemala.
Transglobal Green Energy has summoned the Panamanian government to make an agreement over a hydroelectricity concession which was annulled and then granted to a company belonging to Carlos Slim.
June 24 is the deadline that Transglobal company lawyers have given the Government to settle in an amicable way the case regarding the concession of a hydroelectic station in the Rio Chiriqui Viejo, before going to an arbitration process.
Businesses are showing contempt for the regulation which requires Government approval of the appointment of senior management at telephone and Internet companies.
The measure was issued by Telcor, the entity which regulates telecommunications in Nicaragua, informing intercommunications companies that "as of March 22 they had 30 days to send updated information about their managerial, executive, security and computing staff and information about new contracts to be approved by the institution. "
The project in question is reaching 97% completion but it is still unclear how the dispute over its ownership between the original and new concession holder (Mexican born Carlos Slim) will be resolved.
According to Wilfredo Jordán writing for Prensa.com, "after almost five years the company Ideal Panama, owned by Carlos Slim, has finally completed the "Bajo de la Mina" (literally "under the mine") hydroelectric project.
The company is looking to introduce its brand via offering satellite TV and later cell phone services.
Ricardo Taylor, general manager for Claro in Costa Rica, told La Nación that the company had already asked the government for a frequency through which to transmit the satellite signal it uses to provide customers with its service.
"América Móvil wants to begin to position its Claro brand, present in 18 North and South American countries, in order to sell products such as cell phones, internet and television, often as part of a single package," the director was reported as saying in Sdpnoticias.com.
International investors, including Carlos Slim, are to meet in an economic forum to evaluate more than 100 development projects in various sectors.
The event will take place on 4 and 5 November in San Pedro Sula, the economic capital of Honduras, to relaunch the promotion of the country as a destination for investment.
According to Yesille C. Ponce in Laprensa.hn, Mario Canahuati, Minister for Foreign Affairs says that among the actions being taken by the Porfirio Lobo government to reverse the worrying economic trend are proposed bills to encourage employment generating investment.
Most of the concessions to build hydroelectric power plants in the rivers of Chiriquí were granted without paying fees, for 50 years.
Sometime later, Mexican tycoon Carlos Slim entered the hydroelectricity market in Panama, offering almost $32 million for two of these concessions. This triggered a “hydroelectric fever”, with the creation of a secondary market between concessionaries and interested businessmen.
The hydroelectric sector in Panama is a boiling pot where scores of projects are cooked, garnished with failures and speculation.
Eighty-nine concession requests are pending, 43 projects have had permissions denied or canceled by the developers and another 31 projects are in different phases of design or construction. Of the $2.3 billion that all these tentative projects represent, it is most likely that only half will be eventually realized.
Candidate Mauricio Funes met with Mexican magnates Carlos Slim and Ricardo Salinas promising to respect their investments in case he wins the elections.
Funes, former news anchor for CNN, is the favorite to win the elections to select a successor to president Elias Antonio Saca from the right. If he wins, it would be the first time that the ex-guerrilla Farabundo Marti Front for National Liberation (FMLN in Spanish) is in power.
They produce 28 percent of the GDP in the area. Their performance sets the pace for economic activity and industry trends.
Mexican America Movil and Arkansas giant Wal-Mart are, without a doubt, the two biggest stars in the ranking, evidencing the significant activity in telecommunications and retail sales in the region.
With a growth of 42%, the Carlos Slim company was ranked first place among Big Companies, and reach US$3.4 billion in 2007, leaving behind....
An unpublished study by Interbrand y AméricaEconomía calculates the financial value of the names of the most important corporations in Latin America.
For a decade now in Latin America, the value of intangible assets is now being recognized by companies. Hence the region is going through a process of architecture to give value to their brands.
This is demonstrated by the first ranking of the Most Valuable Brands in Latin America done by Interbrand consultants that was presented in the printed edition of AméricaEconomía. The study is based on a financial assessment methodology that was made famous by Interbrand's global ranking. The methodology basically analyzes how much of the future cash flow expected by a company is due to the intangible assets known as the brand.
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