españolSupermarkets: New Investment in El SalvadorTuesday, December 10, 2019 After investing $3 million, the Super Selectos chain opened a new 2,000-square-meter point of sale in the El Encuentro shopping center in the municipality of San Miguel. Directors of Grupo Callejas, a business conglomerate that owns the supermarket chain, reported that the new sales point has 35,000 available products, a bakery with fresh products, meats, fruits and vegetables. Public Works: Investment Could Be DisruptedMonday, December 2, 2019 With the deadline for Congress to approve the 2020 public budget expiring, the Guatemalan government must work with the 2019 budget, so some investments in public infrastructure could come to a halt in the first months of the year. Last November 30, the deadline for the Congress of the Republic to approve the draft budget of income and expenditures of the nation for 2020, which amounted to Q91.9 billion ($11.9 billion) and was not endorsed by most deputies. Airports: $160 Million in InvestmentsThursday, December 5, 2019 Improvements to Liberia's international airport in Guanacaste, with a $95 million investment, is the most important project the Costa Rican government plans to carry out in the next four years. The Ministry of Public Works (Mopt) informed that the Daniel Oduber Quirós International Airport will receive a $95 million investment for the 2020-2024 period, in work to improve the taxiway, the reconstruction of the entire runway of almost 3 km in length, the reconstruction of the electrical system and expansions, which will involve more expropriations. This is one of the main investments, of the $160 million invested, in execution or to be allocated to local airports and aerodromes. Vertical Housing: New Investment in El SalvadorThursday, December 5, 2019 Grupo Roble began building a 15-story residential tower in the country's capital, which will house 96 apartments and is expected to be ready by the end of 2020. According to the directors of the real estate company, the building called "Altos Tower" that is located on the extension of the Alameda Juan Pablo II of San Salvador, will have a parking lot with capacity for 224 vehicles. Tourism: North American Advertising CampaignMonday, December 2, 2019 In a context of a drop in the number of tourists arriving in the Dominican Republic, the authorities announced that they are implementing a new campaign to reposition the destination, which will be focused on the U.S. market. The campaign is implemented in the midst of a contraction in the number of visitors who arrived, because according to official figures from the Central Bank of the Dominican Republic, between January and October 2018 and the same period in 2019 the number of tourists who arrived in the country reported a 1.2% drop, behavior that contrasts with the increases recorded years ago. Retail: Chain Expands TransactionsMonday, December 2, 2019 ETAfashion, dedicated to the sale of clothing, shoes and accessories, opened its second store in Costa Rica, in the Central Avenue of San Jose, in the old building of the Lehmann Bookstore. Prior to the launch of its new store, the company operated a single sales point, which is located in the Lincoln Plaza shopping center in Moravia. Pharmacies: Chain Purchase with Good ResultsTuesday, December 10, 2019 Since Farmacias Sucre acquired most of the shares of Farmacias Santa Lucía in Costa Rica, sales of the latter have increased by 70%, mainly because of investments made in inventory. Residential Construction: Figures in the RegionMonday, December 9, 2019 A 207-home condominium estimated in $11 million in Costa Rica, and several apartment building projects in Panama and Guatemala, are part of the developments planned in the coming months in Central America. The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned to be built in the coming months. More Investments in Free Trade Zones AuthorizedTuesday, December 10, 2019 In the Dominican Republic, five new companies have approved permits to operate in free trade zones, which together will make an investment of close to $16 million. Among the activities of approved companies are: manufacture of doors, windows and boxes, international call center services, and textile manufacturing, reported the National Council of Export Processing Zones (CNZFE). Radio Spectrum: Nine Blocks AwardedTuesday, December 10, 2019 At the auction held in El Salvador for the 1.7 and 2.1 GHz bands, Tigo was awarded five blocks and Claro was awarded four more. For the auction held on December 5, the 1.7 and 2.1 GHz bands of the radio spectrum were made available, which is structured in 12 blocks, however, only nine blocks were awarded. Coffee: Sales to Malaysia and China ImproveTuesday, December 10, 2019 Guatemalan producers reported that for the 2018-2019 harvest, exports to these Asian markets gained importance, as Malaysia was sold 103,000 quintals of green coffee and 80,000 to China. Figures from the National Coffee Association (Anacafe), specify that for the 2018-2019 agricultural cycle the export of coffee was 4.6 million quintals gold and generated a foreign exchange income of $663 million. Custom Industrial ConstructionWednesday, December 4, 2019 In Panama developers are being more cautious when making decisions regarding the construction of industrial projects, as they prefer to build buildings based on the needs and demands of customers. In the current situation of the country, where investment in new construction, additions and repairs, reports a 9% contraction until October 2019, developers in the industrial real estate market have chosen to migrate to the "Built to Suit" (BTS) leasing model. Honduras: Reform to the Free Zones LawWednesday, December 4, 2019 With the reform proposal to the Law of Free Zones presented to Congress, it is intended to reduce from 20 to 10 the requirements that must be met to approve a new free zone. After several months of working on the proposal to make changes to the law, the file was submitted to the legislative chamber and prepared by the Honduran Maquiladora Association (AHM), the Ministry of Finance, the Central Bank of Honduras and the Ministry of Economic Development (SDE). Political Environment Favors Business ConfidenceWednesday, December 4, 2019 The electoral triumph of Alejandro Giammattei and the appointments he is making in his cabinet to assume next January 14, are the main reasons that explain the upturn that has had business confidence since July. In November of this year, the Index of Confidence in Economic Activity reported a 28% growth with respect to the same month in 2018, a performance that reinforces the upward trend that has been registered since July 2019. SMBs: Benefit Period ExtendedTuesday, December 3, 2019 In Honduras, Congress extended for two more years the validity of the Law to Support Micro and Small Enterprises, which grants benefits such as exemption from payment of income tax and other taxes. To opt for the benefits granted by the law, interested parties must process their permits, national and municipal licenses for its operation, reports a statement issued by Congress. |
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Thursday, December 12, 2019 - last update: 5:09 pm
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