españolBasic Passive Rate Falls to 4.8%Wednesday, February 26, 2020 In Costa Rica, the Basic Passive Rate dropped from 4.95% to 4.80%, a drop that was influenced by the behavior of public bank rates. The Central Bank of Costa Rica published on the afternoon of Wednesday, February 26 that after registering a considerable drop the previous week, the Basic Liable Rate fell again, in this case by 0.15% and will remain at 4.80% until next Wednesday, March 4.
MARKET STUDY
Fridges: Guatemala Boosts PurchasingWednesday, February 26, 2020 From January to September 2019, Central American companies imported $319 million in fridges and freezers, and imports from Guatemalan companies increased 27% over the same period in 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
MARKET STUDY
Plastic: More Mexican Products in Central AmericaWednesday, February 26, 2020 From January to September 2019, Central American companies imported from Mexico 125.6 metric tons of plastic and its manufactures, 14% more than reported in the same period in 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"] New Flight between Panama and LimaWednesday, February 26, 2020 The low-cost airline Wingo announced that as of April 28 it will begin operating a direct flight twice a week between the capitals of Panama and Peru. The new route, which will have tickets available on Tuesdays and Saturdays, will be operated by 737-800 NG aircraft with capacity for 186 passengers, company officials said. Insurance: Market Growth Accelerates in 2019Wednesday, February 26, 2020 Last year, total income from insurance premiums in Costa Rica accumulated $ 1,449 million, 8% more than reported in the previous year, a variation that doubles the 3.5% increase recorded between 2017 and 2018. The 8% growth recorded in 2019 doubles the variation recorded in 2018, when the upturn amounted to 4%. Activity in the Colon Free Zone Falls 10% in 2019Wednesday, February 26, 2020 Last year the commercial activity of the Panamanian Free Zone totaled $18,469 million, 10% less than what was reported in 2018. From January to December 2019 imports in the Colon Free Zone (CFZ) totaled $8,655 million, and re-exports totaled $9,814 million, decreasing by 11% and 9% compared to the same period in 2018, respectively. Honduras: Investments in Industrial ComplexWednesday, February 26, 2020 Grupo Elcatex inaugurated the first phase of the San Juan Innovation Park in Choloma, which has 107 thousand square meters of construction and required an initial investment of $240 million. In its first stage of development the industrial complex has a cotton spinning and blending plant, a textile plant and an electricity generating plant with a capacity of 57 MW. Tender for Construction of Docks in El SalvadorWednesday, February 26, 2020 The Ministry of Public Works tenders the construction of three piers, which will be located in Meanguera del Golfo, Zacatillo Island and Punta Chiquirin, La Union department. El Salvador Government Purchase LPINT 001/2020: Economy: Recovering in Sight?Wednesday, February 26, 2020 After production in Nicaragua fell 3.8% in 2018, the IMF estimates that during 2019 the GDP will contract by 5.7%, however, the agency predicts that by 2020 the variation could be only -1.2%. Real GDP is estimated to have contracted by another 5.7% in 2019 due to the deterioration in aggregate demand, fiscal consolidation and sanctions, the IMF reported after its visit to the country. Construction Materials: New factory in GuatemalaWednesday, February 26, 2020 After investing $7 million, Grupo Monterrey began operating a factory in the municipality of Amatitlan with the capacity to produce 4 million blocks per month. The industrial plant, whose facilities have an area of 4 thousand square meters, is located at kilometer 32 on the Pacific route, in the Rancho Grande industrial park. The factory has a mega blocks machine with European technology and a temperature-controlled warehouse for drying the block. The 40 MW Hydroelectric Power Plant is suspendedWednesday, February 26, 2020 Arguing that the requirements established by law to issue a license were not met, the authorities in Guatemala decided to suspend the environmental permit for the Rocja Pontila Central hydroelectric project. After the congressmen of the National Unity of Hope (Une) presented an unconstitutionality action against the hydroelectric project before the Constitutional Court (CC), arguing that Ministerial Agreement 019-2020 of the Ministry of Energy and Mines (MEM) violated 7 articles of the Constitution such as 1, 3, 12, 44, 66, 97 and 154, the Ministry of Environment and Natural Resources (MARN) decided to cancel the environmental license. International Tender: Supervision of Public WorksWednesday, February 26, 2020 The Secretariat of Security of Honduras is tendering the supervision of construction works of police headquarters in several municipalities in the country. Honduras Government Purchase PCCMB-247-SBCC-CF-12-2020: New Investment in a Multipurpose BuildingTuesday, February 25, 2020 A building that will house apartments and commercial premises is planned to be built on an 800 square metre plot of land in the village of Juan Díaz, Panama. According to the interactive platform "Construction in Central America" of the Trade Intelligence Unit of CentralAmericaData, Rancho Cedeño Bonilla, S.A. submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the project called, "P.H. Los Jazmines." Franchising: Challenges and ExpectationsTuesday, February 25, 2020 Recruiting the best staff to operate the points of sale and reducing the costs of the initial investments to set up a franchise are some of the challenges faced by franchisers, who expect better sales in 2020. Access to financing, containment of operating costs, and maintaining profitability levels are other issues of concern to franchisors in Guatemala. Restaurants: Another Closing in Costa RicaTuesday, February 25, 2020 Tony Roma's decided to close its operations in the country as of January 17, adding to the recent restaurant closures that have been reported in recent months. According to signs placed at Tony Roma's restaurant in San Rafael de Escazu, the closure is due to a remodeling, however, according to letters given to the former workers, the reason for the dismissal is because of the closure of the business in the country. |
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Friday, February 28, 2020 - last update: 3:09 pm
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