Between March and April, Walmart opened five new stores of the Palí format, located in Heredia, San José, Alajuela, Cartago and Guanacaste.
The supermarket chain informed that the company invested close to $6.7 million to open these five new stores. With these recent openings, there are now 181 points of sale of the Palí format.
Empresa de Transmision Electrica de Panama warns that Bill 342, which was approved in the first debate in the Assembly, threatens the stability of the local electric sector by delaying and making it impossible for electric projects to enter into operation due to the lack of transmission lines.
In note No. ETE-DAL-029-2021, sent to the Committee of Commerce and Economic Affairs of the National Assembly of Deputies, ETESA's manager, Carlos Mosquera Castillo, warned the parliamentarians about the inconveniences of Bill 342 - recently approved in first debate - which repeals an article of the sole text of Law 6 of 1997, regarding the procedure for the use and acquisition of easements, explains an official statement.
In El Salvador during 2021, AES announced that it plans to invest between $60 and $75 million in the development of new solar energy projects and works in the distribution network.
The company already has investments in the country.
President Laurentino Cortizo sanctioned the law that creates the National Authority for the Attraction of Investments and Promotion of Exports of Panama, an institution whose objective is to attract foreign investment to the country.
The law establishes the legal framework for the Investment Attraction and Export Promotion Agency (ProPanama) of the Ministry of Foreign Affairs to be elevated to an Authority, to give it greater sustainability and to execute, in a strategic and channeled manner, the different public-private efforts to attract investments and support the promotion of exports, informed the Presidency.
In order to increase its production capacity in El Salvador by 58%, Holcim will invest $20 million in the reactivation of the Maya Plant and in improvements to the El Ronco Plant.
The company currently has a production capacity of 1.2 million tons of cement per year, but with the reactivation of the plant located in Metapan and the improvements of the other industrial complex, they intend to increase its capacity to 1.9 million tons.
Besides betting on sales through digital channels, the Payless store chain plans to open two new stores in El Salvador.
According to company executives, in this context of new commercial reality generated by the outbreak of covid-19, the shoe store chain will bet on face-to-face and online sales.
A few weeks before the new magistrates of the Constitutional Court take office in Guatemala, the business sector is asking that the new members of the highest court advocate for a real rule of law and provide legal certainty to investments.
In recent years, Guatemala's Constitutional Court (CC) has gained prominence in the country's economic sphere, as its rulings have affected different investments that were already operating locally.
Relocating existing restaurants, strengthening the digital sales channel and identifying the areas where consumers are currently concentrated in order to choose the location of new stores are some of the strategies of the chains when executing their expansion plans.
As a result of the covid-19 outbreak, several expansion projects were affected, which must now reinvent themselves and adapt to the new commercial reality, in which consumers have different lifestyles.
Investment in the construction of new ports is essential for a country like Panama, whose economy depends heavily on the logistics sector, to continue to compete globally in the coming years.
Since nearly one third of Panama's Gross Domestic Product is created by the logistics sector, the development of this productive activity is of great importance for the country.
In Guatemala, the Embotelladora Los Volcanes, which produces and distributes Coca-Cola brand beverages, is executing expansion works at its industrial plant located in the department of Retalhuleu, a project that required an investment of $60 million and is expected to be completed in April 2021.
The project began in March 2019; however, due to the covid-19 outbreak, work was suspended and it was only in the second half of 2020 that work was reactivated.
Two years after the Law to Strengthen Entrepreneurship came into force in Guatemala, only 40 companies have been registered under the figure of Entrepreneurship Companies, a situation that is partly explained by the lack of incentives provided by the legal framework.
The Panamanian government issued a favorable concept for the establishment and operation of five free trade zones in the country, which together project an investment of $22 million.
The free trade zones, which will develop diverse economic activities such as agribusiness, scientific research centers, storage of goods, international trade, fruit processing and agricultural production, among others, will be located in the provinces of Panama, Chiriqui and Herrera, informed the Presidency of Panama.
In Nicaragua, the company New Fortress Energy announced that it has already started with the construction works of a natural gas plant, which will have an energy generation capacity of 300 MW and will be located near Puerto Sandino, department of León.
Executives of the North American company stated that the project has begun its decisive phase and according to the schedule, it is expected that between May and June the generating plant will begin operations.
By 2021 in Costa Rica, the fast food restaurant chain Burger King plans to invest in the start-up of five new stores that will be located inside and outside the Greater Metropolitan Area.
According to information provided by the directors of the company, the new service points will be located in the surroundings of La Sabana, Alajuela, eastern sector of San José, Cartago and one outside the Greater Metropolitan Area whose location is still under study.
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