Because of the rains generated in Central American countries by Hurricane Eta, authorities warn that coffee plantations could be threatened by the spread of pests or diseases.
Once the Central American economies begin to return to normal, as the restriction and quarantine measures that have been taken to prevent the spread of the covid-19 are relaxed, household consumption patterns will have changed significantly.
For example, the demand for meals out of home will decrease by about 7% from the levels reported prior to the crisis.
The Executive Branch endorsed the new law that allows companies to temporarily reduce the working hours agreed with their employees, in the context of the crisis generated by the covid-19 virus.
On the morning of March 21, the deputies gave the second debate with 47 votes and unanimous approval to file 21854, the law authorizing the reduction of working hours prior to the declaration of a national emergency, reported the Assembly.
Demonstrating solidarity with customers through reasonable prices and preventing monopolization to ensure greater market coverage are some of the strategies that experts recommend to companies in contexts such as the current one.
Ariel Banos, specialist in price management and founder of Fijaciondeprecios.com, explains three strategies generating responsible behavior in an environment of high uncertainty as the current crisis of the coronavirus.
In order to preserve jobs in the context of the covid-19 crisis, the Costa Rican Legislative Assembly approved in first debate a bill authorizing the temporary reduction of the working hours agreed upon by the parties.
On March 19, the bill authorizing the reduction of working hours in view of the declaration of a national emergency was approved in the first debate.
In order to mitigate the effects that will derive from the covid-19 crisis, businessmen of the industrial sector of Guatemala ask the government to adjust the measures in aspects such as banking, credit, labor and tax.
Economic activity will be reduced, which we are already experiencing. Therefore, it is important to take measures at both the health and economic levels to reduce the impact, explains a statement from the Chamber of Industry of Guatemala (CIG).
Within the framework of the national emergency declared by the government due to the crisis of the covid19, the decision was taken to suspend from March 19 to April 12, 2020, the entry of foreigners to the country.
In the case of flights, a decree instructs that from this Wednesday March 18 from 23:59 until 23:59 Sunday April 12, 2020 only Costa Ricans and residents may enter the country, explains a statement from the Ministry of Health.
After the first case of covid-19 was reported in the country, the private sector is asking authorities to close the borders partially or completely and to have people entering the nation examined and quarantined if necessary.
Jose Adan Aguerri, president of the Superior Council of Private Enterprise (COSEP), explained that among the measures taken by the companies for this emergency is the creation of a critical department so that the companies that the staff is working in three different places in case any of them is affected, have guns to measure the temperature of customers who come to the company and not allow them to enter with fever.
As a result of the crisis generated by the spread of the coronavirus, producers predict that the demand for tuna in Central America will grow by about 50%.
Representatives of the Spanish conglomerate Calvo Group, say that in Panama the inventory of tuna prepared for all of March was exhausted in three days, due to the health emergency that markets in the region are going through.
Faced with the threat of the spread of covid-19 in Guatemala, companies in the contact center sector agreed that in the next 48 hours 70% of their operations will be moved to work at home.
For the 30% of employees who will remain providing services, all health regulations dictated by the Public Health Ministry for the state of calamity will be strictly applied, reported Agexport.
In order to help cooperatives, cope with the emergency caused by the spread of covid-19, the National Institute for Cooperative Development agreed to reduce the interest rate on loans.
This decision was taken to support the cooperative sector, especially the agricultural sector, which has been suffering from a variety of effects. The authorities also hope to make a significant contribution to the country, in the context of the current epidemiological situation, reported the National Institute for Cooperative Development (INFOCOOP).
In Central America, it is estimated that the sectors that could expect a severe impact on sales in the coming months are Transport, Entertainment and some sub-sectors of Industry and Trade.
The "Information system for the Covid-19 Impact Analysis on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the degree of impact that the crisis will have on companies according to their sector, during the coming months.
Identifying critical business needs and setting up plans on how to maintain supplies and operations, as well as establishing communication channels with suppliers to be informed in case of any eventuality, are part of the advice for companies.
The coronavirus has already affected the world economy, and its effects do not seem to stop.
One day after the suspension of work in the private sector, authorities reported that all companies complying with the health and safety protocol will be allowed to continue operating.
On the night of March 16, public and private sector work was reportedly suspended, and shopping centers, bars, and discotheques were ordered to close, while public transportation was prohibited, in an effort to contain the spread of covid-19.
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