españolPanama: $40 Million for Business LoansTuesday, May 21, 2019 The Inter-American Development Bank approved a loan to implement a financial inclusion program that will address business initiatives in several of the country's territories. The Inter-American Development Bank (IDB) approved a $40 million loan to Panama, complemented by a local contribution of $3 million, to implement a program of financial inclusion and indigenous entrepreneurs in the country's 12 indigenous territories, according to the international organization. Panama: Slight Economic SlowdownTuesday, May 21, 2019 After a 3.7% year-on-year increase in economic activity in February, the reported growth in March was only 2.9%. The Monthly Index of Economic Activity (IMAE) grew by 3.41% for the January-March 2019 period, compared to the same period in 2018. The monthly year on year variation referred up to March 2019 was 2.96%, compared to its similar of the previous year, informed the General Comptroller of the Republic. Panama: Preferential Housing InterestsTuesday, May 21, 2019 Until May 21, 2025, the plan to grant preferential interest rates for mortgage loans in the country was extended. On May 20, Law No. 85 was published in Gaceta Oficial, which was approved by the National Assembly in April of this year and sanctioned this week by President Juan Carlos Varela.
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Wood: $206 Million in Regional SalesTuesday, May 21, 2019 In the first nine months of 2018, $206 million in wood and wood products were exported from Central America, and 52% were sold by companies in Costa Rica and Panama. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics] Telecommunications: Investments in NicaraguaTuesday, May 21, 2019 After Telefónica was acquired by Millicom, the company plans to invest $1.25 billion in the next five years to expand the network and its services to companies in the country. On May 16, Millicom reported that it closed the acquisition of Telefonía Celular de Nicaragua, S.A., the number one mobile operator in the country, in addition to TIGO Nicaragua's existing cable operation. El Salvador: Remittances Increased 4% up to April 2019Tuesday, May 21, 2019 During the first four months of the year, family remittances received by the country totaled $1.776 million, 4% more than reported in the same period of 2018. Family remittances from El Salvador totaled $1.776 million in the first four months of 2019, $66.1 million more than the income received under this concept in the same period of the previous year, informed the Central Reserve Bank. Figures of the Electric Market up to 1st QuarterMonday, May 20, 2019 Because of the behavior of the energy supply from thermal sources, between the first quarter of 2018 and the same period of 2019, the generation of electricity in Panama grew 4%. The latest report of the General Comptroller of Panama, details that in the first three months of 2019 were generated 2,719 million kwh, equivalent to a 3.9% increase over the 2,618 million offered in the same period of 2018. $6 Million in Prison ImprovementsMonday, May 20, 2019 The Ministry of Government of Panama tenders the works of demolition and construction of new fences of the penitentiaries of La Joya and La Joyita, in the village of Pacora. Panama Government Purchase 2019-0-04-0-08-LV-011178:
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Video cameras: Purchases up 7%Monday, May 20, 2019 In the first nine months of 2018, companies in the region spent $47 million to import video cameras, 7% more than in the same period in 2017, mainly explained by purchases from the United States. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics] Central America: Fuel Prices up to May 20Monday, May 20, 2019 Price per gallon of regular gasoline: Costa Rica $4.26, Nicaragua $3.89, Honduras $3.72, El Salvador $3.42, Guatemala $3.38 and Panama $3.29. From the Ministry of Economy of El Salvador statement: Construction: Next Investments in Central AmericaMonday, May 20, 2019 An apartment building in Guatemala, a vertical condominium in Costa Rica and a multipurpose tower in Guatemala are part of the projects to be developed in the coming months in the region. The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned to be built soon. Cattle Slaughtering Figures - April 2019Friday, May 17, 2019 Between the first four months of 2018 and the same period in 2019, the number of cattle slaughtered in Panama increased 4%, while the slaughter of pigs decreased 7%. The latest figures from the Office of the General Comptroller of the Republic of Panama detail that in the first four months of the year 108,750 head of cattle were slaughtered, a figure higher than the 104,174 reported in the same period of 2018. Impact of Labor FlexibilityFriday, May 17, 2019 The growing trend to work for companies that offer the flexibility to work from home or in spaces outside the office, is modifying the employee performance and even triggering changes in the real estate market. Experts on the subject say that Panama reports a growing trend, which consists of employees choosing not to work in eminently corporate environments and do so in coworking’s, cafeterias and avant-garde offices, or even work from home.
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Tires for Trucks: Purchases Keep FallingFriday, May 17, 2019 In the first nine months of 2018, countries in the region imported $158 million in tires for buses and trucks, 5% less than reported in the same period in 2017. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics] Telefonica Completes Sale of Assets in NicaraguaFriday, May 17, 2019 The company reported that it has transferred the entire share capital of Telefónica Celular de Nicaragua, S.A. to Millicom International Cellular, S.A., for a price of $437 million. On May 16, Telefónica S.A. reported that "Following the communication published on February 20, 2019 (with entry registration number 274959), Telefónica announces that once the relevant regulatory approvals have been obtained, Telefónica Centroamérica Inversiones, S.L.., a company owned, directly and indirectly, 60% by Telefónica and 40% by Corporación Multi Inversiones, has today transferred the entire share capital of Telefónica Celular de Nicaragua, S.A. to Millicom International Cellular, S.A. for a price of 437 million dollars, approximately 390 million euros at the current exchange rate". Consult Telefónica's full press release. |
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Thursday, May 23, 2019 - last update: 4:06 pm
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