españolAirports: $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. 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. 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. 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. Distance to Reach Development is Not ReducedTuesday, December 3, 2019 The latest PISA assessment confirms that Costa Rica, Panama and the Dominican Republic, the only countries in the region to appear in its ranking, are far from the average results obtained by the OECD group of nations. Although in the last ten years the average expenditure per primary and secondary student increased by about 15% in OECD countries, most of their states do not report significant progress in education. Investment in Nicaragua: Is it Possible to Restore Confidence?Thursday, November 21, 2019 Strengthening government institutions in the areas of contract enforcement, property rights protection and investor protection are part of the recommendations made by the IMF in its most recent visit to the country. According to the international organization, policies to regain the confidence of the private sector, including a frank assessment of the impact of recent measures, are essential to promote economic recovery and compensate for increased poverty. In the short term, strengthening government institutions in the areas of contract enforcement and efficiency of the legal framework for dispute resolution, protection of property rights, investor protection, property registration, and insolvency resolution could significantly improve the country's competitiveness. Shopping Tourism: Panama Targets Costa RicaTuesday, November 26, 2019 In order to attract tourism from Costa Rica, in the Panamanian province of Chiriqui, investments have been made in the construction of new shopping centers and the expansion of some existing ones. In addition to plans to modernize the border crossings between the two countries, whose works will favor the transit of tourism, businessmen estimate that in the construction and renovation of shopping centers, Chiriqui has hoarded investments in excess of $500 million. Retail: What is expected in 2020?Thursday, December 5, 2019 After recording in 2019 a decline in sales and loss of formal jobs, companies in the commercial sector of Costa Rica predict that during next year their revenues will begin to recover. The current year has been a year of economic and commercial contraction, mainly because of the loss of consumer confidence and the consequent reduction in sales, which in turn reduced the capacity for investment and employment generation by companies, explains a statement from the Costa Rican Chamber of Commerce (CCCR). Dominican Republic: $97 Million for Water and SanitationWednesday, December 4, 2019 The Latin American Development Bank approved a loan to finance the "Santo Domingo Oriental Aqueduct Expansion Project", aimed at expanding and optimizing the Santo Domingo Norte and Santo Domingo Este aqueduct systems. The funds will also be used for the preparation of studies for plans and programs in technical, operational, commercial and business aspects, informed the financial institution. Guatemala: S&P Confirms Risk RatingThursday, December 5, 2019 Arguing that continuity in economic policies is expected after the change of administration in January 2020, Standard & Poor's maintained the country's credit risk rating at BB-. From S&P report: |
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Sunday, December 8, 2019 - last update: 6:04 pm
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