Economics
in Central America
Tuesday, May 22, 2012
Governments should act as good parents, thinking about the welfare of future generations, not just about the next election.
Governments should act as good parents, thinking about the welfare of future generations, not just about the next election.
In his article in Martes Financiero, Oscar Castaño Llorente discusses the rationale of the proposed creation of the Panama Savings Fund (FAP in Spanish), not only in its philosophical scope, but also in the practices of the present and future.
Tuesday, May 22, 2012
Colombian, Venezuelan, Nicaraguan, Dominican and Spanish are among the nationalities of the immigrants who are coming to Panama to work.
Economic growth in Panama and the work of a series of large projects have raised the interest of foreigners who come to work in the country.
Friday, May 18, 2012
Restructuring plans involve up to 8% of the workforce of the multinational being discharged, which could affect its operations in Costa Rica.
Hewlett Packard plans to cut its global workforce of more than 300,000 employees by 8%. Some twenty-five thousand jobs could be eliminated.
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.
Wednesday, May 16, 2012
Salvadorans living abroad sent home $1,278.3 million between January and April 2012, $104.9 million more than in the same period last year.
These figures represent an increase of 8.9%, according to Banco Central de Reserva (BCR).
According to the BCR, monthly average remittances for the period January-April this year amounted to $319.6 million, "exceeding by 26.2 million per month the 293.4 million received during the first four months of the previous year," reported Laprensagrafica.com.
Wednesday, May 16, 2012
A new monetary policy prepared by the Central Bank of Honduras affects the competitiveness of the financial sector and credit availability.
Honduran banks reduced by $1,500 million the amount available for loans to the productive sector and may raise interest rates in light of provisions by the Central Bank of Honduras.
Wednesday, May 16, 2012
The executive power has formally withdrawn the Law on Tax Breaks and Rationalization of Public Expenditure Control to Strengthen Public Finances, known as "paque-tito" in Spanish.
The initiative had been returned to the Ministry of Finance by the Legislative Budget Committee, which requested more details about which exemptions would be eliminated.
Tuesday, May 15, 2012
The Nicaraguan economy has recovered strongly supported by high export prices and a reasonable macroeconomic policy.
A statement from the International Monetary Fund (IMF) reads:
Mr. Marcello Estevao, Head of IMF Mission to Nicaragua, made the following statement:
Tuesday, May 15, 2012
Political stability is essential so as not to jeopardize economic growth, credit rating, and attracting foreign investment.
A statement from the Chamber of Commerce, Industries and Agriculture in Panama:
Political events affecting our stability
Tuesday, May 15, 2012
Interest rates are being pushed up by the yields paid by the Treasury in its colon securities.
From Aldesa's Pulso Bursátil Blog
Interest rates or income paid by the Ministry of Finance for the deposits in colones faced some upward pressure today.
Monday, May 14, 2012
The IMAE was 9.73% and 9.26% in January and February 2012, the best bimonthly performance in the last three years.
Capital.com.pa describes this rate of growth as being "driven mainly by the good performance of sectors such as transport, storage and communications, construction, hotels and restaurants, mining and quarrying, trade and financial intermediation."
Monday, May 14, 2012
Fundesa has released its monthly report on the main indicators of the national economy: inflation, oil, IMAE, external sector, exports, foreign exchange, and tax revenue.
Inflation continues to fall in April
Monday, May 14, 2012
The IMAE of March indicates an increase of 6.83% compared to the same month last year, which for now suggests a good momentum of economic activities.
According to a review of the monthly index of economic activity (IMAE) by the Central Bank, the country experienced growth in March of 6.83% compared to March 2011.
Friday, May 11, 2012
The SAT in Guatemala could temporarily suspend for 12 consecutive months companies that do not report any activity on their tax returns.
This action by the Tax Authority was approved by a resolution passed this week by the board of the entity.
"Miguel Gutierrez, superintendent of the SAT, said (...) that prior to deactivation, taxpayers will be notified and given a chance to update or change their operations and will have a period of five days in which to decide," reported Prensalibre.com.
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
español
1890