The latest risk ratings for the issuance of long-term debt of Central American economies identify Panama as the most attractive country to invest in.
On March 8, Moody's decided to raise its long-term issuer rating in foreign currency from Baa2 to Baa1, arguing that the outlook remains more favorable in the medium term.
According to businessmen of the sector, the constant growth of the vehicle fleet explains the investments that have been made in the opening of new service stations in El Salvador.
At the beginning of 2019, there were 455 service stations in operation in the Salvadoran market, according to data from the Hydrocarbons and Mines Directorate of the Ministry of Economy.
In Costa Rica, Aldesa Corporación de Inversiones applied for judicial intervention because of lack of liquidity and announced the closing of the stock exchange.
From Aldesa's press release:
March 8, 2019. The uncertainty generated by the fiscal crisis among Costa Rican investors during the last quarter of 2018 led to a severe loss of liquidity in the market, which impacted the private real estate projects managed by Aldesa.
The Guatemalan exporters' guild is proposing a plan for the creation of 981.000 formal jobs in the next four years to the government by 2020.
The plan is called "Returning on Course to Create Formal Employment," and was developed by the Guatemalan Exporters Association (Agexport). The proposal includes three cross-cutting strategic axes: investment attraction, human talent, infrastructure and business facilitation.
The Ministry of Finance issued Treasury bonds in local currency in an amount equivalent to $17.5 million for a 20-year term.
From the Ministerio de Finanzas Públicas press release (equivalent to the US Department of the Treasury):
March 5, 2019. The Ministerio de Finanzas Públicas [Roughly equivalent to the US Department of the Treasury] held the sixth issuance event of Treasury Bonds of the Republic of Guatemala for the 2019 Fiscal Year, in which a 20-year term series was opened for the first time, for the maturity date 17/05/2039, with a coupon rate of 7.6250%, observing that of the total demand 64% corresponds to such series, which results in the confidence of investors in public securities, whose results are the following:
The McDonald's chain will invest $5 million this year in launching three new restaurants, completing 70 points of sale in the country.
The company reported that one of the new restaurants is currently being built in Concepción de La Union, Cartago, but regarding the location of the other two establishments, preferred not to give details.
Volaris Costa Rica announced that in 2019 it plans to launch five new routes and by 2023 it plans to increase its fleet in the country to 22 aircraft.
Regarding the new routes that the airline will begin to operate this year, representatives of the company did not detail the destinations, as they do not yet have the permissions of the General Directorate of Civil Aviation to make them public.
During the last three months of last year, $3.324 million was traded on the stock market, far surpassing the $558 million recorded in the same period in 2017.
During the fourth quarter, the most dynamic market was the primary, where 83.9% of the total volume was traded, and the amount traded in the fourth quarter of 2018 represented a little more than 6 times the value traded during the same period in 2017, reports the Central Bank of Nicaragua (BCN).
Empresa de Transmisión Eléctrica de Panamá was authorized to make one or more issues and reopen securities in international markets for up to $750 million.
The issuance will take place in the first half of 2019, will be listed in the U.S. Securities and Exchange Commission and in the Superintendence of the Securities Market of Panama, informed Empresa Eléctrica.
The Korean company Sae-A Trading Co. Ltd., would build in Guatemala a high-tech industrial complex of chemical fiber, weaving and dyeing for the production of polyester yarns.
The Guatemalan Ministry of Economy (Mineco) reported that the project will be fully operational in three years and would be the only national supplier to sew, weave and dye within a single operation.
In the exchange of foreign currency debt that took place on February 6, the Ministry of Finance managed to negotiate $165 million of $428 million offered.
Grupo Prival reported that the debt that was swapped expired in 2019, 2020 and 2021, and now the bonds will expire in 2023 and 2026, which will give more looseness to the authorities to manage the country's public finances.
In Costa Rica, AR Retail company plans to invest $6.2 million in the next few years to start up nine stores in the Greater Metropolitan Area.
The company's plan to commercialize the brands GAP, Banana Republic and Old Navy, is to launch the first two stores in 2019, another three in 2020 and the remaining four in the following years.
In 2018, the volume traded in the Panamanian Stock Exchange totaled $6.100 million, 15% more than the data reported in 2017, mainly because of the behavior of the primary market.
The increase in the volume traded in 2018 represents a recovery in the stock market, since in 2017 the stock market activity of the Panama Stock Exchange (BVP) reported a 28% decrease compared to 2016.
The Panamanian Stock Exchange announced the implementation of its new electronic trading system, which operates with Nasdaq Matching Engine technology.
Directors of the institution informed that one of the main objectives of the transformation to its trading system is to position the Panama Stock Exchange (BVP) as the regional hub of the capital market.
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