españolBeef: Export Alternatives to the U.S.Monday, February 17, 2020 Because Panama lacks the certifications required by the U.S. country, authorities of that country are analyzing the possibility of exporting through certification in a laboratory in Honduras. According to the authorities of the Ministry of Agricultural Development (MIDA), the U.S. authorities agree that Panama should certify the quality of the meat through analysis by Honduran laboratories. Unclear Future for the Commercial SectorThursday, February 13, 2020 In Costa Rica, businessmen in the sector do not clearly see what the economic direction of the country will be, since the levels of unemployment and informality in small and medium enterprises are still rising. The proportion of unemployed people in the country closed 2019 upwards, as between the third and fourth quarters of 2019 the open unemployment rate rose from 11.4% to 12.4%, an increase that can be explained partly by the rise in women's unemployment. Air Cargo: New Competitor in PanamaThursday, February 13, 2020 The company of Chilean origin Latam Cargo began operations in the country and will offer its services on Tuesdays and Thursdays to cover the Miami-Panama-Bogotá route. Directors of Tocumen International Airport informed that the refueling and cargo movement service offered by Latam Cargo will be operated with a Boeing 763 aircraft. Concerns Over Power Supply ContinueMonday, February 17, 2020 In view of the possibility of energy rationing for the summer season in Honduras, businesspeople are calling for the tender processes for the supply of electricity to be speeded up. At the end of 2019, the business sector had already stated that due to the debt that the National Electric Energy Company has with the generators, it is feared that in 2020 there will be rationing in the supply of electricity. Public Purchases: Advances and Changes in the LawFriday, February 14, 2020 The restriction on hiring individuals who have been convicted in the five years preceding the public act of committing crimes is part of what is contemplated in the bill that is about to be approved in the first debate in Panama. The new Public Hiring Law is in its final phase to be approved, in first debate, in the Commerce Commission, informed the National Assembly last February 12. Retail Sales: Physical or Electronic Channel?Friday, February 7, 2020 While some companies in the sector focus their efforts on one or the other channel, others, such as some department store chains, seek a balance between the two marketing modalities. Companies dedicated to retail sales are facing a context in which consumers are less and less willing to spend their time mobilizing to make a purchase, but managers of chain stores have chosen to integrate physical sales with electronic sales. E-Commerce: The New Customs ChallengeWednesday, February 5, 2020 As a result of the exponential growth of e-commerce at the global level, the region's customs authorities will face multiple challenges in the coming years in order to carry out their functions properly. The current context, with consumers changing their preferences and increasingly valuing ease, convenience and time savings in their purchases, has forced companies to strengthen their online marketing channels, which in turn makes it necessary for Customs to optimize their processes. Economic Activity Up 3% in 2019Tuesday, February 11, 2020 At the end of 2019, economic activity in Guatemala grew 3%, behavior that was explained in part by the performance of the commercial and construction sectors. From the Bank of Guatemala report: Panama Needs to Attract Foreign TalentTuesday, February 11, 2020 Changing the model of progress by betting on more complex and higher value-added activities, without restricting the entry of qualified foreign labor, is part of what the Panamanian business sector proposes to boost long-term economic growth. In a statement, the Chamber of Commerce, Industry and Agriculture of Panama (CCIAP) reflects on the need to make significant adjustments in the country's productive matrix to achieve long-term sustainable economic development. PPP for Road Lighting and SurveillanceFriday, February 7, 2020 The international tender for lighting and video surveillance of 143 kilometers of road sections in El Salvador began, a contract that will be executed through a Public-Private Partnership. Companies interested in applying for the project will have four months to submit their technical and financial proposal. After an evaluation process, the contract of the winning company must be approved by the Legislative Assembly. Panama: Fitch Downgrades Risk OutlookFriday, February 7, 2020 The rating agency maintained BBB's long-term issuer default rating, but decided to change the risk outlook from stable to negative, arguing that the debt burden will continue to increase in 2020. KEY RATING DRIVERSThe revision of Panama's Outlook to Negative reflects a marked deterioration in fiscal deficits and a significant increase of the government's debt burden, related to accumulation of arrears by previous administration and higher fiscal deficit targets under the modified Fiscal Responsibility Law. In addition, the recent greater-than-anticipated growth deceleration creates additional challenges for fiscal consolidation. International Business Roundtable PreparedWednesday, January 22, 2020 EXPOCOMER 2020 will take place in Panama City from March 25 to 28. Businessmen from 30 countries will participate in the event, exhibiting food products, beverages, textiles, clothing and accessories, technological and electronic equipment. Jorge Garcia Icaza, president of the EXPOCOMER 2020 Organizing Committee, reported that the exhibition area of the fair to be held at the Atlapa Convention Center has sold out 90% to date and this year's edition is expected to attract the participation of some 30 countries from the Americas, the Caribbean, Europe and Asia, who will attend this event to take advantage of opportunities to present everything from food and textile lines to technology and home appliances, among others. El Salvador: $20 Million for Waste PlantMonday, February 3, 2020 The Government of Spain's Enterprise Internationalization Fund will give the mayor's office of San Salvador $20 million, most of which will be invested in the construction of a solid waste plant. The treatment plant will allow for the recycling, composting and transfer of solid waste from the city of San Salvador, where about 1,000 tons of waste are generated daily, according to an official statement. Pork: Import Investigation RequestedWednesday, January 22, 2020 Arguing that imports may be close to reaching the level of automatic activation of the special safeguard mechanism, the Panamanian government ordered an investigation into pork purchases made from companies in the United States. The General Directorate of Trade Defence has analyzed the information available through periodic reports requested from the National Customs Authority on imports of the goods described above and has submitted a report warning that such imports may be close to reaching the level of automatic activation of the special agricultural safeguard mechanism, explains the resolution of the Ministry of Trade and Industry (MICI). Tender for $8 Million in FuelFriday, January 31, 2020 The Ministry of Public Works and Communications of the Dominican Republic tenders the supply of optimal and premium diesel fuel for use by the institution. Dominican Republic Government Purchase MOPC-CCC-LPN-2020-0002: |
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Wednesday, February 19, 2020 - last update: 5:30 pm
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