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PriceSmart Reports Double Digit May Sales Increase

Fiscal year to date, which includes the nine months ended May 31, 2021, net merchandise sales increased 7.3% to $2,594.3 million from $2,418.8 million for the nine months ended May 31, 2020.

PriceSmart Declares Dividend, Names New Directors, Reports Sales Up 5.2% For January

PriceSmart, Inc. (NASDAQ: PSMT) earlier this week declared an ...

JAMPRO Wins Top Accolades In Stevie Awards

JAMPRO won gold in the “Sales Process of the Year” category, and Diane Edwards (above), the agency’s president, also won gold as “Business Development Executive of the Year.” Edwards also won silver in the “Woman of the Year in Sales” category.

Montserrat Launches Tax-Free Remote Worker Visa For Digital Nomads Craving A COVID-Safe Caribbean

The stamp is valid for 12 months but may be renewed. Applicants taking advantage of the program will be exempt from any Montserrat Income Tax.

Mexico Introduces Legislation To Ban Outsourcing

The proposal was widely criticized by business groups when AMLO first mentioned it in late October, saying the change would further harm Mexico’s economy when it is still reeling from the effects of the COVID pandemic.

Insight Crime: Jamaica Has Highest Homicide Rate In The Americas

Breaking from an overall decrease in “serious” crimes last year, shootings across the nation rose. Gangs in Jamaica and Haiti have reportedly been engaged in a deadly trade where marijuana is exchanged for guns. Boats loaded with up to 3,000 pounds of cannabis have been heading from Jamaica to nearby Haiti, where drugs are swapped for handguns and high-powered assault weapons, according to an investigative report by the Jamaica Gleaner.

Fitch Expects A Reset For Caribbean & Latin American Relations With Biden – Harris

While attempts to counter Chinese influence could involve greater deployment of U.S. development funds and private investment, there may be tensions, for example regarding Chinese business interests and investment in the region, like in the telecoms sector.

PriceSmart Announces Positive December Results, Currency Challenges In Trinidad

PriceSmart, Inc. (NASDAQ: PSMT) Net Merchandise Sales grew 2.8%, after negative 3.1% FX impact. Comparable Net Merchandise Sales decreased 1.7%, after 2.9% negative FX impact. E-Commerce Penetration was 2.8% of Total Net Merchandise Sales

Global Personal Freedom Declines Notably According to New Human Freedom Index

The HFI captures the degree to which people are free to enjoy important rights such as freedom of speech, religion, association, and assembly, and measures freedom of movement, women’s freedoms, crime and violence, and legal discrimination against same-sex relationships. While economic freedom around the world has increased slightly since 2008, the report finds that of the 12 major categories that make up the index, all but five have seen some deterioration, with Religion, Identity and Relationships, and Rule of Law seeing the largest decreases since 2008.

PriceSmart Announces Plans to Build Two New Warehouse Clubs in Jamaica & Guatemala

Once open, these would be PriceSmart's second location in Jamaica, and its 5th location in Guatemala.

Fitch Ratings Says LatAm Electricity Sector Should Remain Resilient Through Pandemic

Fitch expects the pandemic to affect overall revenues and leverage, but electric corporates generally have sufficient leverage and liquidity to absorb shocks.

Survey Reveals Optimism for Future of Business and Investment in Central America

Biz Latin Hub conducted a survey asking for participants’ perceptions of doing business in Latin America. Notably, several Central American countries received mention from respondents as key opportunities for business development and growth in the region.

Despite Coronavirus Restrictions, PriceSmart Sales Down Less Than 2% In June

PriceSmart, Inc. (NASDAQ: PSMT) announced that for June 2020 net merchandise sales decreased 1.5% to $249.2 million USD from $253.1 million in June a year earlier in its warehouse clubs in The Caribbean & Latin America.

Over 30,000 May Die In Caribbean From COVID-19 Says University of Washington Institute

Caribbean mortality projection: 8,231 Central America mortality projection(ex-México): 22,546

Spirit Airlines Fined By US Government For Violating Passenger Rights, Unethical Behavior

Spirit was found guilty of undercompensating passengers, forcing them to sign untruthful documents, and denying their rights after overbooking flights.

Honduran President Juan Orlando Hernández In Stable Condition, Hospitalized With COVID-19

Honduras President Juan Orlando Hernandez is in stable condition after being hospitalized last week with the COVID-19 Coronavirus infection. His wife is also hospitalized.

East West Goes North South With Costa Rican Manufacturing Expansion

Atlanta, Georgia based OEM contract manufacturer East West has ...

Costa Rica Invited To Join OECD

The Organization for Economic Cooperation and Development (OECD) has announced that it has extended an invitation to Costa Rica to become the 38th member state of the organization.

Jamaica, Paraguay, Guatemala, Nicaragua Escape Negative Credit Outlook & Remain Stable, Says Fitch

For most speculative-grade sovereigns, limited financing options either constrain fiscal stimulus or heighten liquidity and macroeconomic risks where it is enacted. All are on Negative Outlook except Jamaica (B+), Paraguay (BB+), Guatemala (BB-) and Nicaragua (B-), which all have a Stable Outlook.

Barbados Upset About Being Blacklisted By European Union

The Government of Barbados considers the blacklisting of the country by the European Union over its regulatory regime to combat money laundering and terrorist financing to be both unjust and regrettable, says Attorney General and Minister of Legal Affairs, Dale Marshall

Suriname Presents Covid-19 Financial Relief Package

The government of Suriname has announced an economic stimulus and support package to mitigate the effects of the Coronavirus COVID-19 Pandemic in the South American country.

Moody’s Downgrades Belize to Caa1, Cites “Severe Economic Shock”

Moody's has downgraded the sovereign credit rating of Belize to Caa1 and expects the Central American country to defer interest payments on debt.

Guest Insight – Guyana: The New Wealthy Neighbor?

Diplomat Sergio Escobar says Guyana has a very promising future despite the many obstacles that it will have to overcome.

ICAO: Caribbean, Central American Countries Must Cooperate On Aviation Sector Recovery

The ICAO's Dr. Fang Liu encouraged regional civil aviation authorities to coordinate efforts to protect the commercial aviation industry and enhance economic recovery after the Coronavirus COVID-19 Pandemic.

Copa Airlines Seeks To Resume Flights June 1st

Copa Airlines is seeking approval to restart operations at Panama City's Tocumen International Airport on June 1 after suspending regular flights due to the Coronavirus COVID-19 Pandemic

Jürgen Stütz Named To Blue DIamond Resorts As SVP Sales, Marketing & Distribution

Blue Diamond Resorts Names Jürgen Stütz As Senior Vice President, Sales, Marketing & Distribution

Altia Smart Cities Stays Open, Protects BPO & Contact Center Workers During Pandemic

To support all of their customers, ALTIA directly requested special permission to continue operations from the Honduran government and coordinated with health officials, following their guidelines in a very strict manner.

US Firm Offers N95 Masks Available For Immediate Delivery To Domestic & International Destinations

German Trejo of G&T Consulting, has confirmed, that it has available stocks of genuine 3M and other branded N95 masks, as well as versions by other manufacturers available for rapid delivery

Copa Airlines Suspends Flight Operations After Panamá Closes Its Borders

As the government of Panamá announced the closing of its airspace to international passenger arrivals beginning Sunday, until April 21, Panamanian regional carrier Copa Airlines (NYSE: CPA) announced that it has been forced to cancel all flights so will temporarily cease operations.

Copa Airlines Contemplates Temporary Total Shutdown of Operations

With travel restrictions in place due to the Coronavirus COVID-19 pandemic, Copa Airlines issued a filing indicating that the company will reduce capacity by 80% but may shut down completely.

Despite Coronavirus Fears, Copa Airlines Traffic Remains Steady For February Compared To Last Year

For the month of February 2020, Copa Holdings' capacity (ASMs) remained flat while system-wide passenger traffic (RPMs) increased 0.4% year over year. As a result, system load factor for the month was 84.0%, 0.4 percentage points higher than February 2019.

Spirit Airlines Adds Flights Between San Pedro Sula, Honduras & Cancún, México to New Orleans, Louisiana

Bahamas: Officials Continue to Asses Hurricane Dorian Damage, Remind Travelers that Most Islands Remain Open For Business

Bahamian officials continue to assess the damage in The ...

Jamaica Bureau of Standards Sponsors Efforts To Support Exporters