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INTERACTIVE INFORMATION SYSTEM
Post-Quarantine Consumption PatternsWednesday, March 25, 2020 Once the Central American economies begin to return to normal, as the restriction and quarantine measures that have been taken to prevent the spread of the covid-19 are relaxed, household consumption patterns will have changed significantly. For example, the demand for meals out of home will decrease by about 7% from the levels reported prior to the crisis. Opportunities During the CrisisTuesday, March 24, 2020 Because of the restrictions on movement decreed in Central American countries, orders in applications dedicated to home delivery have increased considerably. The services of electronic delivery platforms such as Hugo and Uber Eats, among others, are among the few sectors that will be able to circulate in El Salvador after Nayib Bukele announced on March 21 the home quarantine, which will last 30 days. Pricing Strategy in Times of CrisisFriday, March 20, 2020 Demonstrating solidarity with customers through reasonable prices and preventing monopolization to ensure greater market coverage are some of the strategies that experts recommend to companies in contexts such as the current one. Ariel Banos, specialist in price management and founder of Fijaciondeprecios.com, explains three strategies generating responsible behavior in an environment of high uncertainty as the current crisis of the coronavirus. Business Resilience in Times of CrisisWednesday, March 18, 2020 Identifying critical business needs and setting up plans on how to maintain supplies and operations, as well as establishing communication channels with suppliers to be informed in case of any eventuality, are part of the advice for companies. The coronavirus has already affected the world economy, and its effects do not seem to stop. Coronavirus: Employer's Dues Payments DeferredTuesday, March 24, 2020 As a result of the crisis generated by the spread of the covid-19, during the following three months companies in Guatemala will be able to defer payments to Social Security, Irtra and Intecap. The boards of directors of the Guatemalan Social Security Institute, the Workers' Recreation Institute (Irtra) and the Technical Institute for Training and Productivity (Intecap), reported that the payments of employer's contributions for March, April and May were suspended, to be deferred in the second half of the year.
INTERACTIVE INFORMATION SYSTEM
Rent a Car and Covid-19: Business PerspectivesThursday, March 26, 2020 If the quarantine and mobility restriction measures are extended by two months, it is predicted that by the end of the year the annualized demand for car rental services in Central America will have fallen by 30%. The "Information System for the Impact Analysis of Covid-19 on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the impact that the crisis will have on companies according to their sector or economic activity, considering different scenarios for the coming months. Private Hospitals Request Covid-19 TestsThursday, March 26, 2020 The business sector in Nicaragua reported that private hospitals asked to be authorized to perform the tests that can determine if a person is a virus carrier, but so far they have not received a response. Representatives of the Consejo Superior de la Empresa Privada (COSEP) explained that the Ministry of Health (Minsa) tests are done manually and private laboratories perform them automatically. Tourism in Danger by Covid-19Thursday, March 26, 2020 One of the most relevant sectors for the Costa Rican economy is declared in "Total Emergency and State of Calamity", as it is the first time in the "zero" season that total income ceases. The Board of Directors of the Costa Rican Tourism Institute (ICT) stated that all State institutions, Powers of the Republic, Autonomous and Semi-Autonomous Institutions, as well as Municipalities throughout the country, are required to collaborate in the broadest and most expeditious manner within the framework that the serious reality demands, in order to alleviate the situation of the Private Tourism Sector. Payment of Taxes: Flexible Deadlines in PanamaThursday, March 26, 2020 Extension of deadlines for the payment of taxes and flexibility in the submission of income tax returns by natural and legal persons are some of the measures that the authorities will implement in the context of the Covid-19 crisis. With no details on the new deadlines that will be required of taxpayers, the Ministry of Economy and Finance (MEF) reported that the measures are contained in Executive Decree 252 of March 24. Costa Rica: Dollar Price Rises to ₡581.8Thursday, March 26, 2020 In the last 15 days, the price per dollar in the wholesale market has risen ₡16, which can be explained by economic uncertainty and people's preference for buying dollars. According to data from the Central Bank of Costa Rica (BCCR), a rising trend has been reported in recent weeks. Between March 11 and 26, the price has risen from ₡565.69 to ₡581.77, equivalent to a 3% variation. See full figures (in Spanish). Guatemala: New Reduction in Prime RateThursday, March 26, 2020 As part of the health emergency generated by the spread of covid-19, the Bank of Guatemala decided to reduce the prime interest rate again, from 2.25% to 2%. The Monetary Board considered that, in the last few days, the perspectives of world economic growth for 2020 have deteriorated considerably, due to the persistent propagation of the coronavirus, which has increased the volatility and uncertainty at a global level, informed the Bank of Guatemala.
INTERACTIVE INFORMATION SYSTEM
Coronavirus and its Impact on BusinessWednesday, March 18, 2020 In Central America, it is estimated that the sectors that could expect a severe impact on sales in the coming months are Transport, Entertainment and some sub-sectors of Industry, while Trade would be one of the least affected. The "Information system for the Covid-19 Impact Analysis on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the degree of impact that the crisis will have on companies according to their sector, during the coming months. Electricity Rates Decreased in PanamaWednesday, March 25, 2020 As part of the measures to mitigate the effects of the covid-19 crisis, the government decreed a 30% reduction in the tariff for customers consuming between 301 kWh and 1000 kWh. The measure will grant a 50% reduction in electricity rates to customers consuming from 0 to 300 kWh, which represents about 70%, reported the National Public Services Authority (Asep). Tax Duties Deferred in GuatemalaWednesday, March 25, 2020 The Superintendence of Tax Administration declared the days between March 24 and April 14 as non-working days for the purposes of calculating the periods established in the tax legislation. On March 24, Resolution of the Superintendence of Tax Administration Number SAT-DSI-280-2020 was published in the Official Journal, in which the days of March 24, 25, 26, 27, 30 and 31, 2020, and April 1, 2, 3, 6, 7, 8, 13 and 14, 2020, inclusive, were declared non-working days for purposes of deferring the computation of the terms established in the tax legislation and the internal administrative procedures of this entity. Nicaragua: Outlook for the Textile SectorWednesday, March 25, 2020 According to businessmen in the country's textile sector, as a result of the covid-19 pandemic, a reduction in work orders is expected during the second half of the year. Representatives of the Nicaraguan Association of the Textile and Clothing Industry (Anitec), predict that with the closure of the stores of several of their clients, sales will be reduced considerably and inventory levels will increase. |
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Saturday, March 28, 2020 - last update: 5:24 pm
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