españolNicaragua Selected to Host CATHIE in 2009Tuesday, August 26, 2008 It was announced that the Central America Tourism & Hotel Investment Exchange will be held March 24-26, 2009, in Managua, Nicaragua. Hosted by BHN, CATHIE focuses on the hotel and tourism investment opportunities in the rapidly growing Central America region. The Foreign Investment Advisory Service (FIAS) of The World Bank Group is supporting the event, and all seven Central American countries (Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama) have been invited to become patrons of CATHIE. Last year’s inaugural event in Guatemala City, Guatemala, welcomed nearly 250 hotel and tourism industry leaders eager to network and learn about hotel investment opportunities in Central America. El Salvador Raised $542 million in FDI in 2011Wednesday, January 25, 2012 Up to September 2011, the country received a net income of $541.7 million on account of Foreign Direct Investment (FDI), $95 million more than in the same period in 2010. A press release from the Central Reserve Bank of El Salvador reads: Costa Rica Long-Term Ratings Lowered To 'BB-'Friday, February 26, 2016 Noting the political system's inability to agree on fiscal issues, Standard & Poor's has downgraded, from BB to BB-, the rating for the country's long-term debt, giving it a negative outlook. Costa Rica Long-Term Ratings Lowered To 'BB-' On Continued Fiscal Deterioration; Outlook Is Negative Guatemala: Investment Coordination EntityWednesday, August 12, 2009 The objective is to provide unified direction to the different public and private efforts in trade and investment promotion. The new entity could be named Guatemala Trade and Investment (GTI), and would coordinate the activities of Invest in Guatemala, the national competitiveness program (PRONACOM), and the Commercial Attachés (PACIT), through an executive committee composed by members of the public and private sector. Honduras: The Dry Land Panama Canal?Thursday, August 14, 2008 Honduras lies just about 1,000 miles southwest of Miami. A great location for commerce with the U.S. Antonio Young is the Executive Vice President of FIDE, Honduras’ Foundation for Investment and Export Development. He says Honduras’ strategic location provides an invaluable access to Latin American markets. And, with the continued development of Honduras’ north-south highway, called the Logistic Corridor, Antonio says Honduras could be the dry land version of the Panama Canal. In April Costa Rica Investment WorldWednesday, February 10, 2010 On April 14 and 15, a hundred foreign investors and 74 companies will participate in the first Costa Rican Costa Rica Investment World. Electronics, services, industrial goods such as metalworking, green technologies and research are some of the sectors that will participate in the event. Results of Guatemalan Investment Summit 2013Wednesday, July 31, 2013 It has been two months since the Investment Summit 2013 was held in Guatemala and two investment projects have materialized totaling $109 million. These are the construction of a hydroelectric plant in Rio Hondo, Zacapa, capable of generating 32 MW and a mushroom production plant in Salcajá, Quetzaltenango. What is more, during the next three years it is expected that another $225 million will be generated in new projects, making a total of $334 million. The Truth About Foreign Account Compliance ActTuesday, January 8, 2013 Government to government agreements simplify compliance with the rule that seeks transparency in the finances of U.S. citizens abroad. Elfinancierocr.com reports that "the Foreign Account Compliance Act (FATCA) is a reality and the truth is that to date, there are very few financial institutions in our region who are prepared to meet the requirements of this U.S. Honduras and Nicaragua Plan Trade Mission to Florida StateThursday, June 11, 2009 From the 15th to the 17th of June, Central American entrepreneurs will have meetings with entrepreneurs from Florida in the cities of Miami and Hollywood. The event, which was organized by the Florida Foreign Trade Association in conjunction with the city of Hollywood (Florida) and the Broward Alliance, also expects the participation of entrepreneurs from Argentina and Peru. Guatemala: New Office for Promotion and InvestmentTuesday, July 27, 2010 The couuntry and its products will be promoted abroad through an agency called 'Guatemala Trade and Invest' (GTI). The new agency replaces the "Invest in Guatemala" office. Corozal to Have Same Exemptions As Other PortsWednesday, May 4, 2016 The Varela administration will be submitting a bill so that the company that wins the concession for the construction and operation of the port in Corozal can enjoy the same tax benefits as other port companies in Panama. An article on Panamaamerica.com.pa reports that "... According to the administrator of the Panama Canal, Jorge Quijano, the National Assembly could be presented with the proposal in July, in an effort to provide the same incentives that ports enjoy today, to the company which wins the tender to build the port of Corozal. " Criminal Violence and Corruption Curbs BusinessMonday, June 3, 2013 The phenomenon affects much of Latin America, whose countries spend on average 8% of their GDP on security costs. That was the conclusion reached during the forum "Connecting businesses as partners for prosperity with security in the Americas", organized by the Organization of American States (OAS) and the private sector, under the framework of the Guatemala Investment Summit. Businessmen Criticize Mining MoratoriumThursday, July 11, 2013 The industrial and commercial sector of Guatemala believes the measure sends a mixed message and is unfriendly to investment. According to the president of the Union of Extractive Industries, Mario Marroquin, "it sends a mixed message, because a few days ago the Investment Summit 2013 was held, which presented Guatemala as having potential for investment in many sectors, including mining, and now they are saying that licenses will not be granted, what then happens to those interested in the country? ". The Hotel Investment OutlookMonday, August 17, 2009 The latest comments about the world outlook for the Hospitality Industry as presented by ALIS Summer Update As Jeff Higley (Editor-in Chief of Hotel and Motel Management Magazine) said in his “Twitter” page on June 2, the IREFAC (Industry Real Estate Financing Advisory Council) guys are the pulse of the industry. But, as he also noted, “…the IREFAC panel says the only way to get a phone call from your lender these days is to not make a payment. Chinese Constructor Leaves Costa RicaFriday, July 2, 2010 Chinafecc Central America S.A., a subsidiary of the Chinese state-owned company building the National Stadium, will leave the country in the midst of controversy due to a series of visas issued to its workers. Nacion.com reported that company representatives had allegedly presented gifts to Costa Rican diplomats in China, while the visas of 40 Chinese workers were being processed. |
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