Temporary Ban on Lobster FishingTuesday, January 31, 2012 A measure has been announced in Guatemala affecting the activity of catching the Caribbean spiny lobster from March 1st to June 30th , 2012. The Ministry of Agriculture, Livestock and Food (MAGA), has imposed a temporary ban on fishing in the Caribbean for spiny lobster (Panulirus argus), a measure that aims to enable the reproduction of the lobster population of the species in question. CEMEX Launches Hidratium in PanamaTuesday, January 31, 2012 The company will begin production of a new brand of concrete that offers better quality and resistance, and that is currently being sold in international markets. CEMEX will soon start producing a new brand of concrete, Hidratium, a technology using internal curing of the concrete which is already available in France, Ireland, Mexico, Poland and Guatemala. El Salvador: Credit to MSMEsMonday, February 6, 2012 The start of 2012 will see the launch of the new Development Banking System, which has $200 million in credit to support micro, small and medium enterprises. Bandesal has, to start off with, $200 million for small and medium enterprises."However, we are aiming later on to provide funding for large enterprises, preferably those that require large investments such as construction and agricultural industries, said the technical secretary of the Presidency, Alexander Segovia," in an article by from Daniel Gonzalez Choto a ElFinancierocr.com correspondent in Costa Rica. Protests in Panama Responsible for "millions lost"Tuesday, February 7, 2012 The local economy is beginning to be affected by the negative impact of the road closures by indigenous people in the province of Chiriqui. The dairy industry, as well as horticulture, fuel transportation and goods such as drinks and beer are facing extra costs associated with recent events. Smuggling Undermines Nicaraguan Sugar ProducersWednesday, February 8, 2012 Sugar producers are denouncing the illegal activity that could be on the rise in the coming months. Notable differences in sugar prices between Nicaragua and neighboring countries are encouraging the smuggling of the product, assert producers from the Central Azucarera in Nicaragua. El Salvador: $42 million for Energy SubsidiesWednesday, February 8, 2012 The Executive Hydroelectric Commission of the Lempa River (CEL) will transfer this amount to finance subsidies for electric energy consumers using up to 200 kW. The committee informed the Legislative Assembly of this in a letter sent recently. The disbursement will be made in the first three months of the year. G & T Continental Increases its Capital by $10 millionWednesday, February 8, 2012 The bank, notable for its A + rating awarded by Fitch Ratings, focuses on loans for the corporate sector and hopes to expand its credit portfolio thanks to the injection of funds. The G & T Continental Bank, of Guatemalan capital, said that it is to receive a capital injection of about $10 million, which would increase its loan portfolio in El Salvador. Fitch Raises Panama's Debt RatingFriday, June 3, 2011 The rating agency Fitch Ratings has raised its grade to BBB and the perspective changed from positive to stable. The way the government has structured its debt and the economic boom the country is experiencing are some of the elements that justify the improvement in the rating given by Fitch Ratings. Salvadoran Paper and Cardboard Exports Up 24%Monday, July 11, 2011 In the first five months of the year, exports of paper, cardboard and even graphic arts products have increased by 23.81% compared to the same period in 2010. Technology Companies Demand Opening of Telecommunications MarketTuesday, July 13, 2010 Costa Rica’s Chamber of Information and Communication Technologies has urged the government to speed up the opening of the market. According to Román Fallas, president of the Chamber, the market has not been properly opened and the process demonstrates “a lack of political coordination” between the Environment Ministry, the regulator (SUTEL) and the current state-owned electricity and telecommunications provider (ICE). Moody’s Raises Guatemala Credit RatingTuesday, June 1, 2010 The rating agency raised its foreign currency government bond rating on Guatemala to Ba1 from Ba2. In a statement, Moody’s said that the outlook on the ratings is stable. The Ba1 rating moves Guatemala one step away from investment grade. Supply and Demand of Corn in GuatemalaThursday, March 17, 2011 While it is reported that official numbers on domestic consumption of corn are not consistent, it has been evident that supply in markets is beginning decrease. Agriculture Minister, Juan Alfonso, calculated at 25 million bushels of corn the yearly consumption of Guatemalans, another report from its own ministry indicates that consumption of the main ingredient in tortillas reaches nearly 32 million bushels per year. New Investment Bank in Costa RicaMonday, March 30, 2009 Volio Capital and CFS Investment Advisors have created an investment bank, the E3 Corp, which will serve Central America. Elfinancierocr.com reported that within the association, Volio Capital will focus on investment banking and CFS in advising investors, and they will take advantage of the experience that Volio has in the region and in some Caribbean islands to "expand its area of influence." Costa Rica and Cross-Border InsuranceWednesday, June 3, 2009 The Costa Rican Superintendent of Insurance issued a technical note to set limits on the marketing of insurance by foreign companies. Following the adoption of DR-CAFTA, foreign insurers can market insurance for shipping, commercial aviation and goods in transit in Costa Rica, without being formally established in the country. It is enough to register with the Superintendent of Insurance (SUGESE) and obtain approval for each product marketed. Nicaragua – Chile FTA Comes Into ForceFriday, September 21, 2012 Following the exchange of notes of ratification, the Free Trade Agreement between the two nations will become effective on 19 October 2012. A press release from the Foreign Ministry of Nicaragua reads: |
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