Millicom announced that it exercised its right to terminate the Share Purchase Agreement for the acquisition of Telefonica's operating subsidiary in the Central American country.
In view of the possibility of energy rationing for the summer season in Honduras, businesspeople are calling for the tender processes for the supply of electricity to be speeded up.
For the fourth quarter of 2019, 15% of Guatemalan companies are expected to increase their payrolls, a proportion that is slightly lower than the 16% recorded in the same period of 2018, which could be explained by the lack of legal certainty and the recent general elections.
Guatemalan employers report moderate hiring plans for the fourth quarter of 2019. 15% expect to increase their workforce, 5% expect a decrease and 80% do not expect changes, resulting in a Net Employment Trend of +10%, according to the report prepared by Manpower.
The decision of the Legislative Assembly to not endorse the bill that seeks to approve the contract between the government and Minera Panamá, shows the fragility of the contracts between the Panamanian state and companies.
The obstacles to the mining project date back several years, since the legal dispute began in 2009, when the Environmental Impact Center (CIAM) filed an appeal of unconstitutionality against the contract granting a 20-year concession to exploit and commercialize the gold, copper and other mineral resources of Cerro Petaquilla.
The reforms to the State Contracting Law under discussion in Guatemala establish five criteria for the Government to terminate the contract with a company in advance.
The proposal is currently under discussion in the Public Finance and Currency Commission of the Congress of the Republic, and among its main objectives is to solve the problems arising from litigation between contractors and state entities, because of issues related to unfinished works.
In Costa Rica, the state-owned electricity company ICE is evaluating the renegotiation of prices and conditions in power purchase contracts with private generation companies.
The adjustments planned by the Costa Rican Electricity Institute (ICE) in contracts with private generators are based on the need to reduce costs and adapt prices and quantities purchased to current demand conditions and the availability of resources to generate energy.
The Tourism Authority informed CCA-Cocige, responsible for building the Convention Center in Amador, the intention to cancel the contract because of critical flaws in the design and infrastructure.
The work was originally awarded to HPC Contratas P&V, but in 2016, after work was halted for 24 months because of a liquidity problem, the project was assigned to the CCA-Cocige consortium.
In Costa Rica, a law project proposes to disable construction companies that do not comply with contracts with state entities for a period of five years.
The proposed law is analyzed by the Economic Affairs Committee of the Congress, and according to representatives of the Ministry of Public Works and Transport (MOPT), if approved, the law would allow sanctioning construction companies that do not complete the works agreed with the State.
Two years after the publication of the tender, the Varela administration and the Panama Fourth Bridge Consortium signed the contract for the design and construction of the Fourth Bridge over the Panama Canal.
From the statement of the Ministry of Public Works:
November 9th, 2018. Today, the Government of the Republic of Panama, through the Ministry of Public Works (MOP) carried out the signing of the contract with the Panama Fourth Bridge Consortium, formed by the companies CHINA COMMUNICATIONS CONSTRUCTION COMPANY LTD and CHINA HARBOUR ENGINEERING COMPANY LTD, for the design and construction of the Fourth Bridge over the Panama Canal, in accordance with the award as a result of the tender for the Best Value with Separate Evaluation No. 2016-0-09-0-99-LV-004736, for an investment amount of B/.1,420,027,324.73.
The Guatemalan government will liquidate the works contract to extend 100 km of the CA2 East highway, which connects the department of Escuintla and the border with El Salvador.
The Ministry of Communications announced that this month they plan to liquidate the contract with Sigma Constructores, which had as objective to expand from two to four lanes the stretch of road that goes from Escuintla and ends at the border Ciudad Pedro de Alvarado, Jutiapa Department.
For the fourth time in three years, the Office of the Comptroller General has found deficiencies in the hiring process being run by the UNOPS and has annulled the award of a viaduct to the construction company MECO.
Through a statement, the Comptroller General of the Republic (CGR) announced that it has finalised the appeal filed by FCC Construcción América S.A. against the act of non-objection of the contest promoted by the Unops for the construction of the work called "Social Guarantees Intersection and collector to the María Aguilar River, San José Costa Rica", ruling in favor of Constructora Meco S.A. for an amount of $17,625,113.37.
After multiple attempts to liquidate the contract and collect the bonds for the road works that were awarded to the Brazilian construction company, the Guatemalan government has finally received the money and will be able to tender the works again.
Representatives from the executive board announced that they have already received two bonds corresponding to the road works for 140 kilometers of the CA-2 highway, meaning that the path to bidding for new contracts is practically open.
Following the Brazilian construction company's abandonment of the road work contract that had been awarded, the government intends to make a claim on the advance payment and performance bails which amounts to $122 million.
The contract consisting of the extension of 140 kilometers of the CA-2 West highway was awarded to the construction company Odebrecht in 2012, however, the company abandoned the work after performing work on only 43 kilometers.
In January 2018 the Ministry of Labor registered 24,508 labor contracts, 21% more than those reported in the same month in 2017.
The economic activity that registered the highest number of contracts in January 2018 was construction with 9,848, followed by wholesale and retail trade that added 5,201, and thirdly, administrative activities and support services with 2,648.
The fall recorded in employment contracts signed between 2016 and 2017 contrasts with the increase of 5% reported between 2015 and 2016.
According to figures from the Panamanian Ministry of Labor and Labor Development, from January to December 2017, 283,358 contracts were registered at the entity's headquarters, of which 122,169 were for a fixed term, 85,573 for specific works and 75,616 for an indefinite period.
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