In Honduras, Congress extended for two more years the validity of the Law to Support Micro and Small Enterprises, which grants benefits such as exemption from payment of income tax and other taxes.
To opt for the benefits granted by the law, interested parties must process their permits, national and municipal licenses for its operation, reports a statement issued by Congress.
With the election of Alvaro Saenz Saborío as the new president of UCCAEP, the Chamber of Industries and the Chamber of Banana Growers decided to return to the largest business association in Costa Rica.
In Panama, a group of businessmen from the Colon Free Zone have expressed concern about the bank's intervention, because although it was under investigation, it was allowed to engage with several companies.
As of September 9, local authorities took over the operational and administrative control of AllBank, Corp, arguing that the group of "shareholders did not respond in a timely manner to the requirements of the corrective actions" that were instructed. In October the Superintendence informed that the institution will continue to be taken, in this case until November 8.
Gonzalo Delgado decided to resign the presidency of the UCCAEP, after several days charged with much controversy and divisions within the largest business union Costa Rica.
After the Chambers of Commerce and Industry and the banana growers' union of Costa Rica decided to leave UCCAEP, the Chamber of Construction has asked for the resignation of the president of the business leadership.
The board of directors of the Costa Rican Chamber of Construction (CCC) requested by means of a letter, which was sent on November 4, the immediate resignation of Gonzalo Delgado, president of the Costa Rican Union of Chambers and Associations of the Private Business Sector (UCCAEP).
After the Chamber of Commerce and the Chamber of Industries ceased to be part of the UCCAEP, union directors expect them to "reconsider the position, because they recognize the value of both organizations.
Directors of the Costa Rican Union of Chambers and Associations of the Private Business Sector (UCCAEP), made up of 47 chambers, believe that the differences in this type of organizations are to be expected, but the goal is to join efforts.
Guatemala was the only country in the region that improved its position in the global ranking monitoring businessmen's conditions for doing business, while the others went backwards.
The World Bank released the results of the Doing Business 2020 report, which measures the regulations that favor or restrict the development of business activity in different countries.
The National Assembly of Panama approved in first debate the proposals for changes to the Magna Carta, which include the titles from 5th to 7th referring to the Legislative, Executive and Judicial Powers.
According to the deputies, the proposal that was approved on Oct.
Businessmen in Panama are optimistic with the proposal of constitutional reforms that are the result of the consensus of different sectors, but are concerned that that inopportune changes to the purposes of expanding and modernizing the institutionality could be made.
The Assembly discusses changes to the country's Constitution, which refer mainly to issues related to the Panamanian State, nationality and foreigners, fundamental and social rights, and political rights, among others.
For the minimum wage adjustment planned for January 2020 in Costa Rica, the business sector proposes a 2.53% general increase.
The Unión Costarricense de Cámaras y Asociaciones del Sector Empresarial Privado (UCCAEP), representing the formal private business sector, submitted the salary adjustment proposal to the National Salaries Council.
For Guatemalan businessmen, in order to have solid institutions in the country, aspects of the electoral system, civil service, justice sector and public expenditure must be modernized, strengthened and regulated.
On October 10, the National Meeting of Businessmen for Development (ENADE 2019) was held, which dealt with the theme "From a Liquid State to a Solid State."
After registering year-on-year rises of 7% and 6% in July and August, respectively, in September the Confidence in Economic Activity Index in Guatemala showed a 7% variation.
An inflationary rhythm of 4.08% is forecast for September, of 4.22% for October and of 4.29% for November 2019. Regarding December 2019 and 2020, the Panel foresees an inflationary rhythm of 4.43% and 4.46%, in that order, the report of the Banco de Guatemala needs.
In August, the Index of Confidence in Economic Activity registered a 7% decrease with respect to the previous month, a drop that complements the inter-monthly drop reported in July of this year, which was 17%.
According to those consulted, factors such as the lack of political consensus, weakening of institutional credibility and the social panorama are elements that affect the business environment, reported the Central Bank of Honduras (BCH).
After motorized paramilitaries attacked a group of businessmen with firearms on September 7, the productive sector asks the government to clarify the facts "in an objective and truthful manner.”
The violent aggression was directed at the Cosep delegation and the Civic Alliance, made up of José Adán Aguerri, Michael Healy and Álvaro Vargas, who accompanied journalists Jaime Arellano and Aníbal Toruño on a visit to the city of León, reported the Superior Council of Private Enterprise (Cosep).
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