The process of data monetization, a concept that until recently was present only in conversations between technology experts, is now one of the recurring topics in strategic meetings at the management level in companies.
What is Data Monetization?
The concept of data monetization refers to the process of extracting, cleaning and analyzing the millions of data generated within a company, with the purpose of obtaining a benefit or economic value. This value can range from using the information to create performance indicators of the company's own business and use them to optimize processes and make better strategic decisions, use it as input in the creation of other products or services, market it to third parties, share it with business partners, among others.
Guatemalan exporters report that President Trump's warning about export tariffs and taxes on remittances and transfers is raising doubts among U.S. buyers.
Uncertainty prevails among most Guatemalan businessmen after President Trump reacted to the provisional protection established by the Guatemalan Constitutional Court, which limits the functions of the Executive Branch to negotiate or sign any foreign policy agreement.
Guatemala's business sector responded with concern to President Trump's warning about imposing export tariffs and levies on remittances and transfers.
The announcement made by the president of the United States comes after the Guatemalan Constitutional Court issued a ruling in which it limits its foreign policy functions to the Executive, by granting a provisional injunction that prevents the negotiation or signing of any agreement.
In the NAFTA review carried out by the Central American and U.S. authorities, it is ruled out that the U.S. government will apply trade sanctions in retaliation for the deepening of the migration problem.
After the Trump administration pressured Mexico with the threat of increased tariffs on Mexican imports, the region has generated expectations for the planned review of the NAFTA with Central America.
Through the new diplomatic headquarters in Beijing, the Salvadoran government aims to deepen relations with the Asian giant.
The opening of the Salvadoran government's embassy in China will help to further strengthen the relationship of friendship, trade and cooperation between the two nations, reported the Ministry of Foreign Affairs of El Salvador.
Encouraging investments in free trade zones, increasing the number of new headquarters of multinational companies and strengthening diplomatic relations with Asian countries, are some of the stakes of the Central American country.
Taking advantage of the competitive position in terms of connectivity and logistics is the main offer of the Panamanian economy for companies from all over the world to settle in the country.
The government of the Central American country announced that in the coming months it plans to open a Commercial Office in Jerusalem as an extension of its Embassy in Tel Aviv.
From the Presidency of Honduras statement:
President Juan Orlando Hernandez announced today at the annual conference of the United States-Israel Public Affairs Committee (AIPAC) that Honduras will immediately open a Commercial Office in Jerusalem as an extension of its Embassy in Tel Aviv.
Authorities in the Asian country reported that their intention is to sign a free trade agreement with El Salvador, while the government of Sánchez Cerén intends to sign a partial scope agreement.
Authorities in the People's Republic of China reported that as announced several weeks ago, El Salvador and the Asian country had already held their first working session in which they began to define the trade and cooperation relationship between the two nations.
Following the departure of US diplomatic staff from Nicaragua at the worst moment of the socio-political crisis, the US government has now announced that it has authorized the return of the embassy staff and their families to Managua.
The crisis in which Nicaragua has been immersed since last April has negatively affected the country in multiple ways, including the irregularity with which the US diplomatic corps works.This was evident when, in mid-May, the US Embassy reported that it would not be processing routine applications for nonimmigrant visas, and that due to unstable security conditions, it would reduce the hours of service provided to the public.See "Nicaragua: US suspends visa issuance"
The Sánchez Cerén administration is preparing to negotiate the signing of trade agreements with the Asian country, but without actively involving the private sector.
After the sudden and accelerated rupture of relations with the Republic of Taiwan and the announcement of the new relations with China, the Salvadoran government is organizing the signing of the first commercial agreements with the Asian giant, and for this the first official mission is preparing to travel next week.
Entrepreneurs in El Salvador are demanding that the government provide more details on how and what was negotiated in the process of establishing diplomatic relations with China.
The private sector is questioning the abrupt and accelerated manner in which the process of breaking off relations with the Republic of Taiwan and the announcement of new relations with China took place.
Following the path chosen by its neighbors Panama and Costa Rica, the Salvadoran government has announced the opening of diplomatic relations with China and a rupture with Taiwan.
Reactions to the announcement by President Salvador Sánchez Cerén did not take long.The US government expressed its opposition, stating that the decision will bring negative consequences for El Salvador, while opposition politicians accused the government of wanting to ease the way for China to be granted the concession to operate the port of La Unión.
With the purpose of generating new business relationships, representatives of the Honduran government have met with a group of buyers of fruits and vegetables from Dubai.
The Ministry of Foreign Affairs and International Cooperation of Honduras stated that on June 4 representatives from the institution held a meeting with the Group of Fruit and Vegetable Buyers of Dubai, composed of Arab business leaders who showed their interest in establishing commercial ties with the Central American country.
Guatemalan exporters plan to boost their exports to Asian countries through the creation of a working table that will analyze trends of products that are in demand and company profiles.
With the aim of increasing business opportunities in Asia, the exporters' association will be working on the development of new export promotion strategies with local companies and the Taiwanese embassy.
The embassy of the Asian country in Santo Domingo will focus on attracting Chinese investors and offering facilities for Dominican entrepreneurs to develop their business in China.
Fu Xinrong, Chargé d'Affaires at the Diplomatic Mission, informed Eldinero.com.do that "... the Embassy will have more functions with the integration of Political Advisers and Economic and Commercial Affairs, as well as a Military Attaché, with the consular service being the most noteworthy."
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