New "Camino Real" Hotel in GuatemalaThursday, November 12, 2009 Corporation Camino Real inaugurated its "Camino Real Antigua" hotel, in the historic center of Guatemala City. With this new hotel, the corporation now has 10 hotels in the region, three in Belize and seven in Guatemala. Energy: Guatemala Gains DemandMonday, October 12, 2020 After IC Power Asia Development sued the Guatemalan State for violating its rights under the Agreement for the Promotion and Reciprocal Protection of Investments, the Permanent Court of Arbitration ruled in favor of the Guatemalan government. On February 20, 2018, the Israeli entity IC Power Asia Development LTD. (former owner of Energuate) sued the State of Guatemala as a result of an inspection carried out by the Superintendence of Tax Administration (SAT), to verify the liquidation of Income Tax (ISR), informed the Ministry of Economy (Mineco). Big Data and Real Estate MarketFriday, August 30, 2019 Identifying the best areas to invest in, knowing what type of property is in demand in each area, whether you are looking for more rentals or sales, homes or offices, or in which segments of the population there is more demand for each type of property, is part of what can now be analyzed using modern Big Data techniques. The real estate market is not alien to the new reality focused on analyzing large volumes of information and making business decisions based on data. Real Hotels & Resorts expands in Central AmericaTuesday, September 23, 2008 Real Hotels & Resorts (RHR) is planning to double in size over the next two years. The new projects, which should all be completed at the end of the next year, are spread over Central America from San Pedro Sula (Honduras), to the expansion of the Real Quality Hotel (Airport) in El Salvador, to a new project - Club Tower - annexed to the Real InterContinental Hotel in Escazu, San Jose (Costa Rica). Korean Companies Interested in Guatemala RailTuesday, May 3, 2011 The firms Hyundai Corporation and Sha Yu have shown interest in acquiring a stake in the railroad business. Guillermo Porras of The Attorney General's Office, said that in the course of this month a delegation from the Hyundai company will arrive for a fact finding mission and to learn about the state of the petition for arbitration that the Railroad Development Corporation (RDC), railways beneficiary, has brought against the Government of Guatemala. Guatemala Sells Railway to KoreansThursday, May 19, 2011 Representatives from the Korean companies Hyundai and Yoochang have announced an agreement with the current owner of the Railroad Development Corporation, and a total investment of $2,400 million. The Korean companies Hyundai and Yoochang Corporation plan to invest in restoring the functioning of the railway linking the Pacific and Atlantic coasts , to create a land alternative to the Panama Canal. Guatemala: Rail Investment DenialTuesday, May 24, 2011 There is an old saying that if something looks too good to be true, it probably is ... The U.S. company Railroad Development Corp. (RDC), which owns the railway concession in Guatemala, has denied having reached an agreement to sell. Confirmation of Award for Prison TenderThursday, November 22, 2012 The Ministry of Government in Guatemala has ratified the award of the tender for $69 million, to the company II & DC, for prison infrastructure. Ratification by the Tender Board of the Ministry of the Interior was given after the company met all the requirements of the process. Hacienda Real Steakhouse Opens in PanamaMonday, January 25, 2010 After a $3.5 million investment, the Guatemalan chain opened its first restaurant in Panama. The chain now has 5 restaurants in Guatemala, one in El Salvador, and the one recently opened in Panama. Guatemala: Awardee of Prison Contract has Little ExperienceThursday, December 6, 2012 The tender conditions required proven experience, technical expertise, trained personnel and accreditation in security operations. Elperiodico.com.gt reports that "Interamerican Investment & Development Corporation (II & DC), a company that won the tender to improve prison infrastructure in ten departments worth Q543.1 million, was created in Nevada, United States two years ago, with a capital of U.S. Foreign Investment Figures in Central AmericaMonday, August 14, 2017 In 2016 44% of foreign direct investment in the region was concentrated in Panama, and a fourth consecutive year of increases was recorded, with 16%, while Costa Rica received 27% and increased by only 1.1%. From chapter I of the report "Flows of FDI in Latin America and the Caribbean", by the ECLAC: IntComex to distribute Dell computers in Central AmericaFriday, September 19, 2008 INTCOMEX announced that launch of distribution of Dell computers for Central America and the Caribbean. "This is a great transition and reorganization by Dell in order to consolidate its market share in Latin American, and we believe that this is a great opportunity for INTCOMEX to use our infrastructure and knowledge of the market," said Yosi Kroitoro, vice-president of Business Development at INTCOMEX. Guatemala: Korean Company agrees to Purchase FerrovíasWednesday, January 11, 2012 Representatives from YooChang Construction announced an agreement to purchase 82% of the shares of the Railroad Development Corporation (RDC), owner of Ferrovías. The announcement was made by the president of YooChang Construction on a visit to Guatemala, who next week will be holding a meeting with directors of the RDC for the purpose of defining the first payment agreement. Guatemala to Review Rail ContractsFriday, September 13, 2013 After the transfer of the controlling interest to the State, the company will review existing contracts with rail customers. Prensalibre.com reports: "The lease to Compañía Bananera Guatemalteca, the pipeline easement for fuel transport with Texaco, the route for LPG transport with Zeta Gas, signed in 2002, and the easement for electric power transfer with Generadora Eléctrica del Norte and a similar one with Generadora del Sur, signed in 2001, are the contracts that the state will recover when it gains the rights for the railroad. " Guatemala Pays $14.6 Million to Retake TrainsWednesday, September 11, 2013 With the payment to be made next month, the 82% stake held by Ferrovías will become property of the Guatemalan state. This will see the fulfilment of the judgement by the International Centre for Settlement of Investment Disputes (ICSID), which ruled in favor of the company subsidized by Railroad Development Corporation (RDC) in 2012. The Finance chief, Pavel Centeno, said "we have identified the funds and the space in the budget where the money will come from". |
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