españolNew Shopping Center in San SalvadorThursday, June 13, 2019 Urbánica is building in the El Espino district, in Apopa, a three-level commercial complex that will have 55 commercial premises and parking for 360 vehicles. Representatives of the developer of the project whose investment will reach $12 million, informed that they are in the construction phase and that they expect that the new shopping center will be ready for Easter next year.
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Diaper Market: Imports Up 3% in 2018Thursday, June 13, 2019 During 2018, the value of diapers and similar items imported into the region totaled $285 million, 3% more than in 2017. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"] El Salvador: Risk Rating ConfirmedWednesday, June 12, 2019 "The 'B-' rating reflects the recent history of local currency defaults, as well as the political uncertainties influencing congressional approval of key economic reform measures." This is the second consecutive year that the agency decided not to change the country's rating, as Fitch Ratings reported a year ago that it had decided to maintain the rating of foreign currency debt at "B-", and on that occasion argued that political tensions made it difficult to reach agreements on government financing. Nicaragua: Dairy Exports Go Down 16%Thursday, June 13, 2019 For businessmen in the sector the decline in dairy sales to May this year is mostly because of the rise in tax obligations in the country, directly impacting on export competitiveness. Data from the Center for Export Procedures (Cetrex), say that between January and May 2018, and the same period in 2019, foreign sales of dairy fell from $53 million to $45 million, equivalent to a fall of 16%.
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Liquid Pumps: Less Purchases in 2018Wednesday, June 12, 2019 During 2018, imports of liquid pumps in the countries of the region totaled $210 million, 8% less than in 2017. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"] Less Taxes, More CreditsWednesday, May 22, 2019 After the abolition of the Financial Operations Tax last year in El Salvador, credit to the productive sector increased from 5% in 2018 to 9% at the beginning of 2019. The Constitutional Chamber of the Supreme Court of Justice issued a ruling, in which it was ordered to cease charging at the end of 2018 a tax that levied 0.25% on financial operations of $1,000 and above. This decision had a positive impact, according to directors of the system's banks.
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Footwear: Purchases were down 3% in 2018Tuesday, June 11, 2019 In 2018, Central American countries imported $739 million in footwear and footwear parts, and 32% of the imported value came from China, 7% from the U.S., 5% from Vietnam and 4% from Brazil. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"] Changes to the E-Commerce LawMonday, June 10, 2019 To include articles that regulate the creation of web pages and to incorporate aspects of protection of personal data are some of the recommendations that Fusades makes in El Salvador on the E-Commerce Law that is discussed in the Legislative Assembly. The Salvadoran Foundation for Economic and Social Development (Fusades) prepared a document in which it addresses the draft Electronic Commerce Law that is discussed in the Legislative Assembly, and based on its analysis makes several warnings and recommendations. El Salvador: Challenges for TourismTuesday, May 21, 2019 In order to maintain the growth rate achieved last year in the number of visitors, government and business sector face challenges in terms of security, tourism supply, quality standards, among others. Data from the Ministry of Tourism detail that generally, 2018 was a good year for tourism activity in the country. Guatemala: Slight Increase in Tourist FlowTuesday, June 11, 2019 In the first three months of the year, about 665,000 visitors were reported, a figure that is only 2% higher than that reported in the same period in 2018. In March of this year, a total of 251,392 visitors arrived, of which 67% were tourists and 33% were hikers. New Investment in RestaurantsMonday, June 10, 2019 In Guatemala, U.S. chain Denny's invested $2 million to open its second restaurant in a shopping mall in the municipality of Mixco. The restaurant chain, managed by the company of Honduran Origin Specialized Foods, began operations in the country at the end of 2017, with the opening of a store with capacity for 185 people in Zone 9 of Guatemala City.
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Petroleum Oils: A $10 Billion BusinessMonday, June 10, 2019 In 2018, companies from Central American countries imported petroleum oils for $10.066 million, 21% more than in 2017, a rise due to purchases from the United States. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="click to interact with graphic] Nicaragua Loses Trade PartnersMonday, June 10, 2019 During the first five months of the year, exports totaled $1.145 million, 10% less than in the same period in 2018, and export destinations also declined in the period concerned. According to data from the Centro de Trámites de Exportaciones (Cetrex), between January and May 2018 and the same period in 2019, foreign sales decreased by $134 million, going from $1.279 million to $1.145 million. Vertical Housing FinancingFriday, May 17, 2019 The El Salvador Social Housing Fund made available $25 million to provide loans for the purchase of new or used apartments. The new fund will focus on lending from $50,000 to $150,000, with premiums from 5% and interest rates from 7.99% over terms of up to 30 years. Insurance: Growth Potential in El SalvadorWednesday, May 15, 2019 In 2016, only 22% of the population had insurance in the event of a claim, and that proportion is now 26 %. A study on the perception and penetration of insurance in the country, carried out by the Salvadoran Association of Insurance Companies (ASES), states that 23% of people who do not have insurance are for lack of knowledge or interest in this service. |
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Sunday, June 16, 2019 - last update: 6:08 pm
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