Honduran builders estimate that in 2019 the sector could lose about 20,000 jobs, a decline that would be explained by the cut in economic growth projections.
According to reports from the Central Bank of Honduras, production slowed at the end of the first half of 2019, as economic activity in the country grew by 2.5% in June, a year-on-year variation that was lower than the 2.7% recorded in May.
From January to June 2019, the country received $536 million in foreign direct investment, 2% less than in the same period of 2018.
According to data from the Bank of Guatemala, between the first semester of 2018 and the same period of 2019, foreign direct investment (FDI) that arrived in the country decreased by $10 million, going from $546 million to $536 million.
Road maintenance for $258 million, construction of an overpass for $58 million and the development of an energy park for $19 million, are some of the investments included in the 2020 National General Budget project.
Regarding the general amount of public investment included in the Fodes de las Alcaldías, the project discussed in the Assembly contemplates that by 2020 it would reach $1.243 million, an amount that would be 23% higher than that approved for 2019.
In Guatemala, Corporación Multi Inversiones will invest over the next few months in the expansion and remodeling of three shopping centers and the construction of two more.
Managers of Corporación Multi Inversiones (CMI) said that the shopping centers of Pradera Chimaltenango and Pradera Xela, will be expanded, while that of Pradera Escuintla will be remodeled. Then they will continue with the opening of Pradera Petapa and Pradera Zacapa.
Excel Automotriz opened a new service center of 2 thousand square meters, at kilometer 126.5 of the highway to the Atlantic in Rio Hondo, Zacapa.
Company executives informed that in the new service center there will be maintenance and repair of vehicles, and also sell different types of spare parts.
In Costa Rica, Inversiones AM PM announced that it plans to open four new convenience stores before the end of 2019.
Representatives of Inversiones AM PM, owner of the AM PM and Fresh Market stores, explained that the store that is closest to being inaugurated is the one that will be located in Guayabos, Curridabat.
For the last quarter of 2019, Opticas Visión plans to open five stores to sell visual health products, which will be added to four others already opened by the company this year.
Not giving details of the locations of the new sales outlets that will start operating at the end of the year, company executives explained that they currently have 144 branches throughout the country.
In the Dominican Republic, approvals were granted for the development and operation of four new industrial parks, as well as the respective permits to install 12 new companies in free trade zones.
In the case of the new parks, these will be located in Boca Chica, Valverde, San Cristobal and Santiago, reported the National Council of Export Processing Zones (CNZFE).
The clothing and sporting goods brand Rebook opened in the Multiplaza Pacific shopping center a store focused on the female market.
Lauriane Pedri, Reebok Brand Manager, told Elcapitalfinanciero.com that "... Panama was chosen as the pilot country to have the first Reebok Women Store in the world, because we bet that it will be the best showcase for the region for its excellent geographical location, for being the hub of the Americas and for the presence of the Adidas Group headquarters in Latin America."
The Legislative Assembly approved a $35 million loan from the Inter-American Development Bank to "support the country in the implementation of its fiscal reform program.”
At the beginning of July, in the midst of the controversy generated by the recent implementation of fiscal reform in Costa Rica, the approval of a credit to strengthen fiscal sustainability was announced.
At the eighth month of the year, the balance of the country's public external debt totaled $6,116 million, 3% higher than that reported at the end of 2018.
Of the total public external debt, 70% corresponds to debt with multilateral creditors and 29% to bilateral creditors, reported the Central Bank of Nicaragua on September 27.
Nayib Bukele returned to the Legislative Assembly the reform to the law of Free Zones that granted tax benefits for an additional period of 10 years to companies in the country to increase their investment in 100% with respect to the initially made.
On August 29, 2019, the Assembly informed that the Legislative Plenum endorsed the reform to the Law of Industrial and Commercial Free Zones, establishing that the users of these zones would have a term of 10 additional years (before there were five) to continue enjoying total exemption from taxes, which would be applicable once the period established for the regular enjoyment of this benefit expired.
Costa Rican authorities informed that Citi Global Markets and HSBC Global Banking will be the placement banks and financial advisors that will accompany the country in the process of issuance of securities and management of liabilities in the international market.
The issue that will be made at the international level is the one that was approved on July 16 through Bill No. 21.201, which authorizes the Executive to administer, issue and manage financing operations in the international market for up to $1.5 billion (one thousand five hundred million U.S. dollars).
In Guatemala, Cofiño Stahl opened a new service center in Alta Verapaz, at kilometer 214 of the road from Cobán to San Pedro Carchá.
The new enclosure will have the services of alignment, balancing and 4 bays for the support of the maintenance of the automobiles, one of express service, in which the service will be provided by means of appointment programming.
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