españolChallenges in the Panamanian Logistics SectorWednesday, January 29, 2020 Investment in more sophisticated equipment, preparing human capital for knowledge generation and coordinated decision making between government and business, are some of the areas that Panama has to work on in order to continue competing globally. The country depends largely on the economic activities of the logistics sector, as it contributes about 33% of the Gross Domestic Product. However, the intense competition at a global level has forced Panama to face multiple challenges. More Control over the Energy MarketWednesday, February 12, 2020 Through the creation of four new state-owned companies, President Ortega seeks to control the exploration and exploitation of oil in Nicaragua, as well as the import, storage, distribution and marketing of gas and fuels. With the approval of the law initiatives, the government seeks to transfer the control that Alba de Nicaragua S.A. used to have in this market. (Albanisa), which was sanctioned by the U.S. because of its links with Petróleos de Venezuela, and Distribuidora Nicaragüense de Petróleo (DNP), which was also sanctioned by the same country, in this case for benefiting the Ortega family with non-competitive contracts. $18,000 Fine for Delta AirlinesFriday, June 15, 2012 The Competition Superintendence in El Salvador has fined the airline $18,425.40 for failing file required information in a timely manner. A statement from the Superintendency of Competition (SC) reads: 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. Gourmet coffee: More competition in Costa RicaWednesday, December 11, 2019 The launch in the local market of 10 different products of roasted and ground coffee and in capsules of the Starbucks brand, reflects the increase of competition in the segment of premium coffees, which already represents about 4% of total consumption in the country. The products that will be marketed initially in the chains of Walmart and Másxmenos supermarkets, are distributed by Nestlé, which bought the retail distribution of these Starbucks products globally. Caution Required on Changes to Public Procurement LawTuesday, January 14, 2020 In El Salvador, there is a demand that the updating of the Law on Public Administration Procurement and Contracting that the deputies seek to make be carried out without neglecting the principles of competition and transparency. After the Executive submitted the amendments to the draft reform of the Public Administration Procurement and Contracting Law (LACAP) to the Legislative in 2019, a sub-committee of the Assembly is examining the proposals. New Government and its BillsThursday, January 16, 2020 The initiatives of Competition, Leasing and the reforms to the General Law of Telecoms are some of the projects that the new administration of Giammattei plans to present to the Congress of Guatemala. During his inaugural speech, the new president of Guatemala gave the first guidelines in the economic field, highlighting which projects should be streamlined in the Legislative. Tax Incentives for AgricultureFriday, January 31, 2020 In order for Guatemalan producers to compete under the same conditions as neighboring countries, the government is preparing a bill that seeks to exempt agricultural inputs from VAT. The initiative, known as the "Fiscal Equity Law", is being prepared by the Ministry of Agriculture, Livestock and Food (Maga), because, according to the institution's top official, other Central American countries do not charge value-added tax (VAT) on agricultural inputs. BAC Panama and Multibank to Compete SeparatelyMonday, December 2, 2019 Although Grupo Aval S.A. de Colombia owns both financial entities, the conglomerate has decided that the two banks will compete separately in the Panamanian market. Early last month it was reported that Grupo Aval de Colombia S.A., owner of BAC Credomatic, signed an agreement to acquire Multibank Financial Group of Panama, and according to the business group, the transaction process is expected to be completed in the second quarter of 2020. Sugar Company Fined $1.1 million in El SalvadorThursday, May 17, 2012 The penalty was applied to the companies for having implemented actions that caused obstacles to the entry of competitors or expansion of existing ones. The statement of the Superintendency of Competition: Regulation Causes Rise in Drug PricesFriday, November 25, 2011 The Superintendency of Competition of El Salvador (SC) has confirmed the existence of barriers of entry and regulatory issues that are raising drug prices. During Competitiveness Week 2011, the SC held a public event at which the Board's position regarding competition in the drug sector was announced. A Salvadoran Port in Guatemala?Wednesday, January 29, 2020 The president of Guatemala offered the neighboring country to explore the possibility of El Salvador having a maritime cargo terminal in the Guatemalan Atlantic, a proposal that generates doubts among exporters. The announcement was made on January 27th, during a meeting between Alejandro Giammattei and Salvadoran President Nayib Bukele, on the occasion of the signing of the open skies agreement. Industrial Parks: New Investment AnnouncedFriday, January 24, 2020 Code Development Group announced that it plans to build a new free zone in Grecia de Alajuela, Costa Rica, which would house companies in the high technology sector. Directors of Code Development Group, who are also part of the group of partners of the Free Zone of Coyol, reported that the new business park would be named "Code" and that the project already has the endorsement of the municipality of Greece. El Salvador: Competition in the Retail SectorTuesday, December 8, 2015 A study has been carried out detailing the conditions of competition in the retail sector, specifically in the categories of basic foodstuffs, groceries, dairy products, vegetables, meat, toiletries and household cleaning and personal care and hygiene products. From a statement issued by the Superintendency of Competition in El Salvador: New Plans for Puerto CalderaWednesday, November 27, 2019 Along with the possibility of investing $350 million in the construction of new facilities in the Puerto Caldera, in Costa Rica, comes the promise of more competitive maritime service rates. The interest in developing the terminal expansion project has been expressed by SPC, the current concessionaire of the Costa Rican Pacific maritime terminal, and by DP World, the UAE state port company, companies that would invest in the construction of 800 meters of berthing area at a depth of 16 meters. |
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Monday, February 17, 2020 - last update: 4:26 pm
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