Business and Investment
in Central America
Wednesday, May 23, 2012
The Ministry of Economy in Guatemala has presented " Ventanilla Ágil Plus “ (Agile Counter Plus), which will reduce the time for registering a business.
From a press release from the Ministry of Economy of Guatemala (Mineco):
Tuesday, May 22, 2012
Most investment promotion agencies are not responding to national enquiries by investors in the key sectors of agribusiness and tourism.
From a press release from the World Bank
According to Best Practices Study of Global Investment Promotion (Global Investment Promotion Best Practices) 2012 World Bank, 80 percent of investment promotion agencies are not responding to national enquiries by investors in the key sectors of agribusiness and tourism, despite the fact that countries are competing to attract investment.
Monday, May 21, 2012
Amendments to the Law on Free Zones will define the rules of the game that employers in El Salvador need to know in order to increase their investments in the textile sector.
The newly formed cluster of synthetic fabric textile companies in El Salvador has temporarily stopped their investment plans in order to see what reforms will be made to the Law on Free Zones. In other words, they want "clear rules".
Friday, May 18, 2012
A workshop will be convened in June with South Korean entrepreneurs and tax incentives will be offered to their companies.
In June the government of Guatemala will convene a working group with representatives from South Korean firms in order to prepare business negotiations for allowing investments in the Central American country.
Friday, May 18, 2012
The country is in third place in Latin America and 18th in the list of 100 countries with the best conditions for outsourcing in the world.
San Jose, Costa Rica, is the third best city in Latin America, second only to Sao Paulo, Brazil, and Buenos Aires, Argentina, in terms of favorable conditions for the outsourcing industry.
Friday, May 18, 2012
The great Mexican electronics chain will soon open its doors in Guatemala City, putting more pressure on the competition.
Steren, one the largest chains of electronics stores in Mexico, is making its foray into Guatemala, which will be a challenge for existing chains like RadioShack or Electrónica Panamericana.
Thursday, May 17, 2012
The International Services Act, which created the environment for the arrival of foreign banks, free zones and call centers, will be modernized.
The government of El Salvador is preparing amendments to the Law on International Services, which in its time allowed a multiplication of foreign investment in the financial, telecommunications and the maquila sector among others.
Thursday, May 17, 2012
Four Taiwanese industrial companies are investigating sites to set up plants in Central America, preferably in Guatemala, Honduras and El Salvador.
"Businesses are looking at free zones to establish their operations in Central America and distribute to other countries", said Carlos Liao, director of Central American Trade Office in Taipei, Taiwan. "Companies are interested in operations in the northern triangle countries: Guatemala, Honduras and El Salvador."
Wednesday, May 16, 2012
Developer Newland International Properties announced that on May 18 it will have updates on topics of interest to bondholders.
Newland International Properties Corp., developer of Trump Ocean Club, should have made the second payment of capital on the issuance of $220 million in bonds on 15 May but did not do so.
Wednesday, May 16, 2012
An agreement between the Guatemalan Chamber of Commerce and the Guatemalan Association of Franchising aims to promote the model in order to achieve growth by opening up new markets.
Aida Rios, president of the Guatemalan Association of Franchises (AGF in Spanish), said the support of the GCC will allow companies interested in franchising to compete in other countries, improve financing options and project their image at events.
Wednesday, May 16, 2012
The franchise company QSR International is to open 15 new stores during 2012, and invest in the remodeling and reopening of three others.
QSR International, which owns the fast-food franchise KFC and Quizno's Sub in the region, will open 8 new KFC restaurants and 7 new Quizno's outlets in Costa Rica.
Monday, May 14, 2012
Unilever, which owns the Lizano line, will be selling products in these new markets, the first ones outside of Central America.
California, Texas, New York and Florida will be the first U.S. states where Lizano sauces will be sold in local stores.
Monday, May 14, 2012
Unicomer group recorded an increase in sales of 160%, with 310.000 motorcycles sold throughout the region each year.
Sales in Central America and the Dominican Republic have experienced remarkable growth, judging by the results from various distribution houses due to a combination of favorable prices and credit facilities.
Thursday, May 10, 2012
Maybe it's just paper and ink. There are allegations of corruption that should be clarified by the justice department, but the objective facts of Panamanian reality do not match the poor results from opinion polls on the Martinelli administration.
EDITORIAL
Thursday, May 10, 2012
Jose Maria Figueres, a former president with great potential to make a comeback in 2014, has proposed building a high speed light railway within the metropolitan area.
"During my government, I closed the railroad because I saw it as being 200 years old with narrow lines and it also had a tremendous deficit (as it was we used by only 3% of Costa Ricans).
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