Gasoline Consumption Up 3% in 2019Tuesday, February 4, 2020 In Panama, 1.128 million gallons of fuel were sold during 2019, and the demand for gasoline grew by 3% in relation to what was reported in 2018. The General Comptroller of the Republic reported that during 2019 gasoline consumption in the country, which includes 91 and 95 octane gasoline, reached 339 million gallons, 3% more than the 330 million gallons registered in 2018. Gas Prices in Central AmericaTuesday, May 13, 2014 Price of a gallon of regular gas: $4.88 in Costa Rica, $4.83 in Nicaragua, $4.72 in Honduras, $4.28 in Guatemala and $4.18 in El Salvador. From information published by the Ministry of Economy of El Salvador (MINEC): Fuel Company Changes HandsMonday, September 4, 2017 Puma Energy has announced the purchase of 100% of the capital stock of the Panamanian company Tropifuels, which operates Tropigas fuel service stations throughout the country. In a statement the company dedicated to the distribution of oil and gas explained that with the acquisition of Tropifuels S.A. it will "... Tender: Fuel Supply for $70 millionTuesday, February 24, 2015 The Directorate General of Public Procurement in Panama is putting out to tender fuel supplies for state entities. Panama Government Purchase 2015-1-27-0-99-LM-001040: El Salvador: Hike in Fuel TaxFriday, November 25, 2016 The government is proposing reforming the law of the Road Maintenance Fund to increase the tax levied per gallon of fuel from $0.20 to $0.37. The Technical Secretary of the Presidency, Roberto Lorenzana, presented the proposal to the Assembly, arguing that "... it responds to the fulfillment of the commitment of the government to Fomilenio II for the disbursement of $106 million, $277 million that the US will hand over to the country."
BUSINESS OPPORTUNITY
Tender for $5 Million in FuelsMonday, March 1, 2021 In the Dominican Republic different government institutions are holding public tenders to purchase fuels, for an estimated global amount of close to $5 million. Details of the tenders:
Surviving Skills ShortagesTuesday, July 19, 2011 The shortage of skilled labor has led Panamanian companies to get creative when recruiting staff. Companies with a need for skilled labor have reached agreements with other companies to share staff, provided incentives to employees to recommend others for vacant positions and have even retain staffed who have officially retired. Executive Salaries Increase in GuatemalaWednesday, August 24, 2011 According to a Price-Waterhouse Coopers survey for the second half of 2011, yearly executive salaries will grow by 8.7%. According to the survey, Salary Information Enterprise System (SEIS), conducted among a group of 102 companies, 54 national and 48 multinational operating in the country, wage increases will be 8.9% for domestic companies and 8.3% for multinationals. Walmart in Panama as well?Wednesday, July 25, 2012 The Trade Promotion Agreement signed between the U.S. and Panama provides that "any retail business may participate in the local market." An article in Laestrella.com.pa reports that the Deputy Minister of International Trade Negotiations, Diana Salazar, said: "There is a letter attached to the Trade Promotion Agreement (TPA) that discusses retail trade, where companies complying with the requirements may operate in the country. " 90% of Guatemalan Companies Would Rise Salaries in 2011Wednesday, June 2, 2010 According to the latest salary survey of PWC, 90% of the surveyed companies plan to increase salaries in 2011. Among the companies planning increases, the average pay rise will be 7.4%. The sectors where salaries will be most increased are hospitality (10%), technology (9.1%), retail l(9.0%), manufacture (8.3%), services (8.2%), agro industry (8.1%) and industry (8.0%). Fuel Prices as of November 23, 2015Tuesday, November 24, 2015 Price of a gallon of regular gasoline: Panama $ 2.41, El Salvador, $2.54, Guatemala $2.59, Nicaragua $3.23, Honduras, $3.20, Costa Rica, $3.76. From a statement issued by the Ministry of Economy of El Salvador: Central America: Fuel Prices up to June 5Monday, June 5, 2017 Price of gallon of regular gasoline: Costa Rica $3.90, Nicaragua $3.69, Honduras $3.64, Guatemala $3.13, El Salvador $3.13 and Panama $2.74. From a statement issued by the Ministry of Economy of El Salvador: Central America: Fuel Prices up to March 25Monday, March 25, 2019 Price per gallon of regular gasoline: Nicaragua $3.72, Costa Rica $3.57, Honduras $3.44, El Salvador $3.22, Guatemala $3.15 and Panama $2.79. From the statement of the Ministry of Economy of El Salvador:
MARKET STUDY
Household Appliances: Market Share of the Blender MarketWednesday, March 4, 2020 In Central America, it is estimated that Operadora de Tiendas, Corporación de Supermercados Unidos, Pricesmart de Panama and Moderna Electronics account for about 10% of total imports of blenders and their parts. A study by CentralAmericaData's Trade Intelligence Unit shows that GMG Comercial from Guatemala and Costa Rica, and Comercializadora Panamericana are other companies that have a considerable share of the Central American blender market. Central America: Fuel Prices up to September 25Monday, September 25, 2017 Price of gallon of regular gasoline: Costa Rica $3.77, Nicaragua $3.66, Honduras $3.42, Guatemala $3.15, El Salvador $3.14 and Panama $3.02. From a report by the Ministry of Economy of El Salvador: |
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