Big Data to Combat Tax EvasionTuesday, May 9, 2017 In Costa Rica, the Ministry of Finance is using a predictive model designed with data mining techniques to determine the behavioral patterns of companies that might be circumventing tax payments. Analyzing and crossing checking historical information from multiple databases, the statistical model used by the Directorate General of Taxation attempts to predict which companies are more likely to evade paying taxes depending on their historical behavior measured through transactions, tax returns and other data. By linking all of the information, they identify patterns of behavior similar to those of other companies that have evaded taxes in the past. Industrial Sector Receives More Foreign InvestmentMonday, August 27, 2018 During the first semester of 2018, direct foreign investment received by Salvadoran industry grew by almost 40% over the same period last year. During the first quarter of 2018, Net Direct Foreign Investment increased by 42%, amounting to US $238.8 million. Gross entries totaled US $380.6 million, while gross outflows decreased by 34.4%, reaching US $141.9 million. Costa Rica: Construction Figures - I Semester 2015Tuesday, September 29, 2015 In the first half of the year the number of projects grew by 3.4%, but the construction area fell by 4%, compared to the same period in 2014. From a statement issued by the National Institute of Statistics and Census (INEC) Bank Deposits Down 19%Thursday, September 13, 2018 In Nicaragua, between the end of March and the beginning of September, deposits in the banking sector fell by 19%, affected by the socio-political crisis in the country. According to the most recent data from the Central Bank of Nicaragua (BCN), deposits in foreign currency up to September 6 totaled $3.31 billion, less than the $3.34 billion counted at the end of August. In the case of deposits in córdobas, they reported a slight increase in the periods in question, rising from 35,326 million to 35,595 million. Panama: The Remittance Business, Incoming and OutgoingThursday, April 11, 2013 During 2012, $500 million was registered in Panama as remittance inflows and outflows, while exports of goods only generated $80 million for the country. Amounts received in remittances already exceed $500 million, while remittances sent abroad are increasing and in 2012 they reached $321 million. Guatemala: Foreign Investment Begins the Year UpwardsFriday, July 12, 2019 Most of the reported increase in foreign investment flows to the country in the first quarter of the year was explained by investments in the electricity sector. In the first quarter of 2019, figures from the Bank of Guatemala (Banguat) report a considerable increase in foreign direct investment (FDI) compared to the same period last year, going from $293 million to $340 million. Costa Rica: Goods Exports DeclineThursday, January 23, 2020 In 2019, exports of goods are estimated to total nearly $11.526 million, barely 2% higher than reported in the previous year, and far from the 6% increase recorded in 2018. According to estimates by the Ministry of Foreign Trade, foreign sales of services registered greater dynamism last year, since between 2018 and 2019, they went from Ch$9,090 million to Ch$9,565 million, equivalent to a 5% increase. The Real Causes of 1.2% Reduction in Poverty in Costa RicaMonday, October 31, 2016 Despite what the government has publicized, in-depth analysis of data in the 2016 National Household Survey confirms that welfarism was not the reason for the decline in poverty. EDITORIAL Radiography of a Power Generation CompanyWednesday, April 17, 2013 With a generating capacity of 300 MW, Enel Fortuna is one of the leading providers of electricity in Panama, with average annual earnings of $58 million in the last five years. The recent financial statements submitted to the Panama Stock Exchange (BVP), for 2012, reveal that the company has achieved total revenues of $187.8 million, while last year the figure was $185 million. Foreign Direct Investment Up 42%Thursday, July 5, 2018 In the first quarter of the year, foreign investment flows received in El Salvador grew by 42% compared to the same period in 2017, rising from $168 million to $239 million. The Central Reserve Bank reported that from January to March of this year " ... Net FDI was concentrated in four strategic sectors: industry, electricity, communications and trade, with investment flows channeled in the form of inter-company loans and reinvestment of profits." Panama: Economic Situation Report - January 2015Tuesday, March 31, 2015 In the first month of the year, the economy grew by 5.8%, driven mainly by the sectors of fisheries, transport, storage and communications and construction. From a report issued by the Comptroller General of the Republic: Use of Technologies and Availability of Basic ServicesThursday, August 23, 2012 In Costa Rica the National Housing Census 2011 showed that 45.9% of residences had a computer, and 33.5% had internet access. A statement from the National Institute of Statistics and Censuses reads: El Salvador 2014: Economic Situation IV QuarterThursday, February 26, 2015 In 2014 the performance of most economic indicators was worse than that of 2013, with continued deterioration in public finances. From a statement by the Salvadoran Foundation for Economic and Social Development (FUSADES): Salvadoran Economy in DetailFriday, December 7, 2018 Low growth of the local economy, low generation of formal jobs, deterioration of fiscal indicators derived from the rise in the deficit and public debt, are some of the factors that have been reported during 2018. The Salvadoran Foundation for Economic and Social Development (Fusades) presented the Economic Situation Report up to November 2018, in which an analysis of the country's situation is presented. |
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