Consumer Confidence Up in PanamaWednesday, October 6, 2010 In September, Consumer Confidence Index was 112 points, eight points higher than results in the previous month (104). The measurements were made by consultants The Marketing Group for the Chamber of Commerce of Panama, it shows that consumers are confident that home situation in the future will improve, since the indicator remains 20 points above critical point. The Private Armies of Latin AmericaWednesday, July 6, 2011 On average, in Latin America every private security agent has 10 times more weapons than those in Europe. According to The Small Arms Survey 2011: States of Security, created by The Graduate Institute of Genoa, the private security industry recorded a significant development, with about 20 million employees reported worldwide, a figure doubling that of the police. Medical Tourism Conference in OctoberTuesday, June 23, 2009 On October 6th and 7th, Costa Rican Medical Care will hold a medical tourism conference in San José, Costa Rica. Costa Rican Medical Care, a division of the HSA Clearing Corp., works with three private hospitals in Costa Rica in offering their services to North American clients. Dreams of Dry CanalsMonday, July 4, 2011 Every now and then they reappear. Today its in Colombia, tomorrow in El Salvador, yesterday Honduras, and the day before yesterday in Guatemala. So far, they have only ever been dreams ... Whether by rail and inter-oceanic road, every so often the ‘corridor projects’ between the Pacific and Atlantic reoccur, attempting to compete with the Panama Canal. Some speak of complementary services, rather than outright competition. Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Textile Manufacturer to Suspend 3,000 Workers in El SalvadorThursday, March 26, 2009 The Fruit of the Loom textile company halted operations at one of its 7 plants, temporarily suspending 25% of its personnel. The chairman of the Salvadoran Chamber of Textiles and Apparel reported to La Prensa Grafica that the decline in operations is due to "Fruit of the Loom clients being overstocked with product and adjusting inventories.” New luxury hotel project announced in PanamaThursday, July 10, 2008 Orient-Express Hotels and The Related Group have formed an alliance to develop projects in Panama. The hotel chain Orient Express Hotels Ltd. owns and administers 55 luxury hotels in 25 countries, and The Related Group is an important real estate developer in the United States. They will jointly develop hotels and residential projects in Panama, Colombia and Miami. Nicaragua to Promote Sustainable TourismFriday, February 13, 2009 The agreement of cooperation signed by Rainforest Alliance will permit small and medium businesses to be qualified in "good management practices in sustainable tourism." Mipunto.com publishes: "´Among the actions derived by the agreement are the creation of new routes and tourist products, such as lodging services at agribusiness farms or certified forests, hotel sales, and arts and crafts made from wood certified in correspondence with forest conservation policies,´ indicates the report." Drugs Trafficking and US "aid"Friday, September 17, 2010 Central American Nations should say "NO, THANKS", if results from said "aid" are going to be similar to what's going on in Mexico. The inclusion of Costa Rica in the U.S. Government's list of the countries most affected by illegal drug trafficking confirmed what Costa Ricans already knew: Drug Trafficking has become a very serious issue. Economy: Slight Improvement in Central AmericaWednesday, October 16, 2019 After the economies of the region grew by 2.6% in 2018 as a whole, the IMF estimates that 2019 would close with a rise of 2.7% and could reach 3.4% by 2020. The document "World Economic Outlook", prepared by the International Monetary Fund (IMF), states that for Panama the projected growth of the Gross Domestic Product (GDP) for 2019 was reduced from 5% to 4.3%. Honduran Authorities Don’t Know Who Minerco Resources IsFriday, July 2, 2010 Minerco Resources Inc. (OTC: MINE) recently announced that it will develop hydro power plant “Chiligatoro”, but government sources stated they don’t know this company. In a press release published in MarketWatch.com on June 1st, it was announced that Minerco Resources had received approval from the National Energy Commission of Honduras to develop Hydro Power Plant Chiligatoro. Guatemala's IMAE: Contradictory FiguresMonday, August 24, 2009 Modifications done by Banguat to the Monthly Index of Economic Activity (IMAE) cast doubt on economic performance. Using last year's methodology, the IMAE would imply a recession in Guatemala. But after the calculation was modified, the official figure reports a growth of 1%. Guatemala: Taiwanese Coffee Producers ArriveWednesday, February 27, 2013 The Taiwanese trade mission composed of coffee buyers were particularly interested in the consequences of the plague of rust on the grain supply. From a press release issued by the Taiwanese Embassy in Guatemala: The Tax Burden on the Economy of GuatemalaFriday, September 12, 2014 The World Bank cites weak economic growth, low tax collection and low public investment as the factors affecting productivity and preventing greater economic development from being achieved. Less taxes and consequently poor tax collection, coupled with limited public spending, are preventing Guatemala from achieving a better level of socioeconomic development, despite having achieved timid growth rates of GDP in recent years. Increased Hotel Supply in PanamaWednesday, March 7, 2018 An urban resort style five-star hotel called The Santa Maria has opened in Panama City, following an investment of around $50 million. Representatives from the urban resort The Santa Maria stated that the hotel offers 182 luxury rooms, which have an area that ranges between 40 m2 and 300 m2. The infrastructure, which required a global investment of $50 million, has two restaurants and next April they plan to open a third. |
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