españolEl Salvador Inaugurates 115 Km of Electric GridTuesday, September 29, 2009 On October 8th, Millennium Fund will inaugurate the first 115 km of the rural electricity network of the country's north. The project, being developed by AES Group El Salvador, includes the construction of over 1.300 km of electricity lines in the next three years. Contract signed for laying of electric cables in El SalvadorWednesday, December 17, 2008 With an investment of $3.1 million, electricity will be provided to sectors in 34 municipalities in five departments. According to the agreement, $2.6 million will come from the Millennium Fund, representing 85% of the cost of the project and $465 thousand, or the 15% percent, will be provided by the AES Group. El Salvador: Who Will Pay for Number Portability?Wednesday, June 30, 2010 Telecomm companies are threatening with legal action if authorities don’t modify or withdraw a bill to change the Telecommunications law, proposed by President Funes. These companies argue that letting users keep their telephone number when changing operators will increase their operation costs, making them invest less in technology. Negative Perspective on Salvadorian BanksWednesday, June 24, 2009 Fitch changed its long term perspective rating from "stable" to "negative" for the banks Agricola, HSBC, and Scotiabank in El Salvador The reason for this change is the current "negative" perspective for the sovereign rating for the Republic of El Salvador, which could affect the Issuer Default Rating for the long term for the three main banks in El Salvador in the case that the rating is reduced again in the country. El Salvador: Telecoms Companies Form ChamberTuesday, October 13, 2015 Claro, Digicel, Telefónica and Tigo have grouped in the Salvadoran Chamber of Telecommunications. An article on Elfinancierocr.com reports that "... The four major mobile and fixed phone companies in El Salvador, Claro, Digicel, Telefónica and Tigo have announced the establishment of the Salvadoran Chamber of Telecommunications, a non-profit organization that will help ensure sectorial expansion, deployment, enhancement and development of networks and the telecommunications industry in the country, according to a press release. " Salvadoran Airport Unveils Expansion PlanThursday, September 16, 2010 The enlargement of El Salvador International Airport will be conducted in two phases. By the end of the year the first phase schedule will be ready, which includes small changes in the exits and check-in area. $17 million for International Airport in El SalvadorTuesday, September 2, 2008 With an investment of $17.8 million, the Autonomous Executive Port Commission will improve the effectiveness and efficiency of the El Salvador International Airport in Comalapa. The works include the resurfacing of the runway scheduled for next year, the immediate replacement of lights and signs, and the construction of a platform for aircraft maintenance. Salvadoran Airport Earns ICAO CertificationFriday, December 18, 2009 AIES, the International Airport of El Salvador, earned the certification of the International Civil Aviation Organization (ICAO). It is the first Central American airport to receive this certification; the airports of Panama and Nicaragua are currently in the process of getting it. El Salvador: Elimination of night shift at the Airport being consideredMonday, August 11, 2008 Keeping the El Salvador International Airport operating during the night shift to receive 3 cargo flights and one passenger flight requires $438,000 in annual expenses. According to Albino Roman, President of the Autonomous Executive Port Commission (CEPA) "the commercial flight and the three cargo flights during said shift can be transferred to other shifts, which run from 6:00 am to 2:00 p. m., and from 2:00 p. m. to 10:00 p. m., and which have more traffic. El Salvador: Telecomm Companies Agree To Lower Basic FeeWednesday, February 24, 2010 They agreed to a reduced basic fee, but in turn request changes in how fees are applied when calling from landlines to mobile ones. Claro-Telecom proposed to lower the rates to their pre-1997 levels, before the privatization of the National Telecommunications Authority, or to the regional average of $7.29.
MARKET STUDY
Liquid Pumps: Imports Up in the RegionMonday, January 24, 2022 By the second quarter of 2021, the market for liquid pumps and their parts increased by 14%, reaching $115 million in Central American purchases. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"] The High Cost of ConsultanciesMonday, July 1, 2013 In the first six months of 2013 the Executive of El Salvador paid $11 million to various consultancies to perform tasks which regular staff can't do or don't know how to do. According to an article in Elmundo.com.sv "From January 1 to June 28, the government set aside the amount of $11.1 million for the hiring of a number of consultancies ranging from construction supervision, administrative support and creating 'general guidelines' for policies, 'negotiating' with transporters from the Transit System in the Metropolitan Area of San Salvador (Sitramss) among other things." Draft Law on Investment Funds Under ConsultationThursday, February 14, 2013 The Legislative Assembly of El Salvador has started to study the bill, for which it will consult with representatives of financial institutions belonging to the state and the private sector. A statement by the Legislature reads: Resistance to New Supreme Court of JusticeThursday, July 5, 2012 The National Association of Private Enterprise of El Salvador has announced the formation of a team of constitutional lawyers to appeal against any decision issued by a court which they consider illegally appointed. Already in a press release issued on July 1 the National Association of Private Enterprise (ANEP) noted that: Electronic Transfers in El SalvadorFriday, April 13, 2012 A Service for Interbank Electronic Transfers (SITE), which allows transfers of money between bank accounts, is now in operation. Operated by ACH El Salvador, the SITE will allow the interconnection of banks and financial institutions around the country to become more secure and faster. |
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Saturday, January 29, 2022 - last update: 1:07 pm
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