Because of its financial and competitive strength, the rating agency Fitch Ratings confirmed that the risk rating as an issuer of long-term debt is "A", with a stable outlook.
The ratings reflect an underlying asset that is critical not only for Panama, but also for international trade, as evidenced by its stable volume performance, solid competitive position and well-diversified cargo mix, the ratings company explained.
In El Salvador, it was announced that in early 2020 work will begin on the expansion of the electricity transmission network in Tamanique, in La Libertad department.
Executives of the Transmission Company of El Salvador (Etesal) specified that the project contemplates the construction of a substation in the municipality of Tamanique, which will have a capacity of 50 megavoltamperium (MVA), which will be connected to the substation of Talnique, also in La Libertad, through a transmission line of 115 kilovolts (kV).
The Ministry of Finance Awarded Treasury Bonds in local currency for $12 million, at a cut-off rate of 6.45% and maturing in November 2039.
The global amount awarded of Treasury Bonds of the Republic of Guatemala up to date, including those made through public biddings and auctions ascended to Q.18,179.65 million ($2.360 million), corresponding to Fiscal Year 2019, of which Q.19.01 million ($2.46 million correspond to the awards of Treasury Bonds for small investors), informed an official source.
Panama and Honduras were the only two Central American countries to report increases in foreign direct investment in 2018 over the previous year, with year-on-year changes of 36% and 3%, respectively.
The growth of investments directed to Panama, which concentrated 51% of the sub-regional total, explained the increase that was reached in 2018 in Central America (9.4%), since except Panama and Honduras, the Central American countries received less Foreign Direct Investment (FDI) than in 2017, explains the report "Foreign Direct Investment in Latin America and the Caribbean 2019", produced by the Economic Commission for Latin America and the Caribbean (ECLAC).
The government announced that in the next few days it plans to make outstanding payments of $14 million to producers of basic grains and Grade C milk, and also that some $25 million will be invested in sector programs.
In rice, $9.7 million will be disbursed to 143 producers, in grade C milk more than 2,000 producers will receive $1.2 million, in corn some 194 producers will receive $1.8 million, and in soft loans 2.6 million balboas will be paid to 136 producers of corn, beans, palm, fishing, watermelon, melon and rice, informed the Ministry of Agricultural Development.
Although the goal for this year was to issue $100 million in debt bonds, during the first quarter the Nicaraguan government only awarded $1.1 million, doubting the level of investor confidence.
The Ministry of Finance of Guatemala awarded Treasury Bonds in local currency for the equivalent amount of $19 million, at a cut-off rate of 6.46% and maturing in November 2039.
The global amount awarded of Treasury Bonds of the Republic of Guatemala up to date, including the awards made through public tenders and auctions ascended to Q.18,083.29 million ($2.348 million), corresponding to Fiscal Year 2019, informed the government.
The business group composed of La Auxiliadora and Capillas Memoriales, plans to invest in the next few years close to $5 million in the construction of a funeral complex in the country's capital.
With the investment to be made by the business group, it is projected that in the next five years may have more than 200,000 columbariums or niches to contain the cinerary urns. Currently they have the capacity to house about 4,000 columbariums.
The Colombian company Patprimo invested in the opening of two stores located in Curridabat and Escazú, with an estimated investment of around $800 thousand.
The South American company reported that the investment in the operation of the premises in Multiplaza Curridabat and Multiplaza Escazú totaled $800,000, and will sell clothing such as dresses, shoes, accessories, jeans, blouses, casual clothing and underwear, among other items.
The proportion of public debt to GDP is about to reach 60%, the maximum limit allowed by law, which will force the government to restrict capital spending in the coming years, in order to avoid further deterioration of public finances.
The Treasury authorities indicated that at the end of 2019 the country's public debt will represent 59% of production, adverse scenario for investment, because according to the fiscal rule, when the proportion reaches 60% will affect capital spending, since the government must begin to contain expenditures.
After the country issued $1.097 million in Eurobonds for a 30-year term, Moody's gave them a "B3" rating, while Fitch Ratings assigned them a "B".
Fitch Ratings has assigned a 'B-' rating to El Salvador's $1.097 million notes due January 2050. The notes have a coupon of 7.1246%, the agency said.
The Fitch statement dated July 31 adds that "... The proceeds from the issue will be used in accordance with local laws for general budgetary purposes, including the redemption of bonds maturing this year. The rating of the bonds is aligned with El Salvador's long-term foreign currency issuer default rating (IDR) of 'B-' with a stable outlook."
Standard & Poor's explained that continuity in economic and investment policy next year, and overall political stability, support the decision to keep the rating at BB- with a stable outlook.
We could raise the ratings next year if a faster and more effective implementation of the expected energy reform strengthens Honduras' economic growth and fiscal flexibility above our expectations, the risk qualifier explained.
The issue was announced at an initial rate of 7.5% and a 30-year term, and $1.097 million was issued, with total demand five times greater than the amount of the issue.
The issue was for a 30-year term, maturing in 2050 and with a 7.1246% coupon, informed the Central Reserve Bank (BCR).
Authorities from both countries agreed to work on the unification of their stock markets, starting with the issuance of a quota of Guatemalan subsidized debt directed to Salvadoran investors.
Representatives of the Guatemalan Ministry of Finance and the Ministry of Finance of El Salvador informed that before the end of this fiscal year, the Guatemalan subsidized debt will be approximately $13 million.
The Tiendas Universal chain announced that it plans to open seven sales points dedicated to the commercialization of visual health items, which would begin operating before the end of 2019.
The first point, located in Lincoln Square, was opened to the public on July 24. The other two, which will start operating in the next few days, will be on Central Avenue and Multiplaza in Curridabat.
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,...
Ocean views, waterfalls, 12 titled building sites, end of the road privacy but close to everything. An hour to shopping, medical services, beaches, airport, 30,000 new coffee plants! One of a Kind Properties - Has Everything!
Ocean views,...
Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand. The OHNE brand has 8 product lines: square bread, sweet...
español
3775