españolNew Stem Cell Lab in Costa RicaMonday, November 23, 2009 Franchise "Cordón de Vida", which specializes in safeguarding stem cells, began operating in the country. María Fernanda Egloff, CEO of the company, explained they are endorsed by the American Blood Bank Association and that they are members of the Association of Family Cord Blood Banks. Scotiabank Costa Rica offers property surveillanceMonday, August 11, 2008 Scotiabank and Private Property Register (PPR) joined up to offer a new registry security service based on the daily monitoring of the information recorded at the National Registry. "The reality is that any property can be stolen; with this alliance we want to offer greater security to our clients and protect their business. This is a ground-breaking and useful service for the general public and will be available at any of the bank's 44 branches," said Fernando Viquez, Director of Marketing and Products at ScotiaBank. The Cost of Being a "High Risk" CountryMonday, February 25, 2019 The inclusion of Panama in the list of high-risk countries with strategic deficiencies in the battle against money laundering and terrorism would increase the operating costs of foreign banks in the country. A few days ago, the European Commission included the Central American country in a list of 23 nations classified as territories with lax measures and controls against money laundering and financing of terrorism. More Swiss Banks in PanamaMonday, July 15, 2013 Swiss bankers have detected interesting sectors in the country to whom they can provide services and financing. "Proof of this is that it is not only the banks USB, BSI and Merrill Lynch whose representative offices form part of the International Banking Center (CBI), but also at least another three new ones will soon implement projects in Panama," reported Capital.com.pa. $250 Million for Micro-financing InstitutionsFriday, October 2, 2009 An agreement between international organizations will provide up to $250 million in loans for Latin America's micro-financing entities. The agreement was signed by Multilateral Investment Fund (Fomin), part of Inter-american Development Bank (IDB), Inter-American Investment Corporation (CII), Andean Development Corporation (CAF), Overseas Private Investment Corporation (OPIC) and Blue Orchard Finance. New Hotel Investments in NicaraguaFriday, February 22, 2013 With an investment of $48 million, three new hotels will be built in Nicaragua, adding 500 rooms. Along with construction of the Whyndam Milagro del Mar, launched on Thursday, February 21, the 145-room Hyatt Place and a new 105 room Holiday Inn will also be built.
CONSTRUCTION PLATFORM
$13 Million in Residential ConstructionTuesday, March 15, 2022 In Costa Rica, the construction of a horizontal residence is planned for 138 residential units in a 32,000-square-meter area. CentralAmericaData's "Commercial Feasibility Studies" includes an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country. $ 55 Million for Costa Rican AirportMonday, January 17, 2011 The Board of Directors of OPIC approved resources to support the expansion of the Juan Santamaría International Airport. OPIC's loan will allow a consortium led by HAS Development Corporation (HASDC) to complete the renovation of the Juan Santamaría International Airport outside San Jose. Nicaragua: New Cassava Processing PlantFriday, May 2, 2014 $2.5 Million will be invested in a cassava processing plant with capacity to produce 1400 quintals a day of flour for export. The investment will be made by the company Almidones de Centroamérica S.A., who in order to ensure a supply of the raw material for the plant, has implemented a plan for cassava production with 300 small producers in the area of León. Analysis of Financial Sector in Central AmericaMonday, August 11, 2014 For the last four years the loan portfolio of the Salvadoran financial system has been growing at an average rate of 3.5%, below the 11% growth average in the rest of the region. A report produced by the rating agency Moody's notes that growth in El Salvador's financial sector has been stagnant since 2010, as the total loan portfolio has not achieved growth rates above 3.5% per year. Honduras: Drug Trafficking and the EconomyMonday, October 12, 2015 Money laundering has positive economic effect on economies, but also impoverishes the quality of institutions leading to dramatic effects on quality of life in society. The excellent analysis by Norma Lezcano in his article on Estrategiaynegocios.net, on the US Treasury Department´s inclusion of members of the powerful Rosenthal family in the list of the Office of Foreign Assets Control (OFAC) can be extrapolated to all Central American countries, and is a warning to the governments of the region, where drug trafficking has ingratiated itself and is creeping through state institutions, weakening them by making them serve criminal aims, and preventing them from carrying out their duties properly. Panama Encourages Registration of New VesselsTuesday, January 6, 2015 The Maritime Authority has implemented an electronic system that streamlines the process of flag registration and automates the application of economic incentives for newly registered boats. This new way of applying economic incentives for newly constructed ships simplifies the process and eliminates "... the submission of a formal discount via memorial (before flag registration), the manual calculation of the amounts payable by ship which was done by the Directorate and sets out equal application of these incentives. " U-Turn in Outsourcing of Tax CollectionFriday, February 5, 2016 In Panama a new constitutional ruling prevents outsourcing of tax collections to private natural and legal persons, repealing a presidential decree. The Supreme Court (CSJ) declared as unconstitutional paragraph 3 and subsequent paragraph of Cabinet Decree 109 of May 7, 1970 that allowed the public function of tax collections to be carried out by private individuals and corporations, which was aimed at monitoring the collection of taxes. Changes Ahead for Regulation of Trust FundsFriday, October 24, 2014 Financial authorities in Panama are analyzing establishing a fee for regulation and supervision, and modifying aspects such as requirements for licenses for businesses and minimum amounts of capital required to operate. The adjustments proposed fall into two major areas: the functions of regulation and supervision and legal adjustments for the trust business itself, including topics such as capacities and custodial powers of the Superintendency of Banks of Panama to regulate and supervise fiduciary and trust business enterprises. Liquidity Management Restricted to the BCCRTuesday, October 25, 2011 The Administrative Tribunal of Costa Rica has rejected a suit by the National Stock Exchange (BNV in Spanish). Since the Costa Rican Central Bank (BCCR) created a market for liquidity (MIL) in 2009 to negotiate short-term operations, the interbank market (MIB) operated by the National Stock Exchange for the same purpose, has been affected, as the BCCR’s intention is that all transactions be done on its system, so that there will be better control of financial system liquidity, and hence inflation. |
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Tuesday, October 3, 2023 - last update: Monday, 8:04 pm
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