PriceSmart, Inc. (NASDAQ: PSMT) earlier this week declared an ...
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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
Low-cost carrier Spirit Airlines last week announced new international flights between New Orleans, Louisiana and San Pedro Sula, Honduras.
Guyana, Guatemala, Guadeloupe: JetBlue Extends Caribbean/LatAm Connectivity With New Flights
JetBlue (NASDAQ: JBLU) has extended connectivity between its John ...
Bogotá Colombia Attracts Record 48 Foreign Direct Investment Projects In 2019
During 2019, Invest in Bogota (IIB), the city of Bogotá's investment promotion agency, supported 48 greenfield Foreign Direct Investment projects, its highest number for a calendar year since its institution in 2006.
Colombia Wins 1,000 Job Shared Services Expansion By Swiss-Based LafargeHolcim
Switzerland based LafargeHolcim Selects Colombia for 1000 seat shared services expansion
St. Lucia Lands ItelBPO For New 300 Seat Contact Center
ItelBPO Selects St. Lucia to open 300 seat contact center facility to open in April, 2020.
US DFC Head Receives Honduran Presidential Delegation To Discuss Economic Growth
U.S. International Development Finance Corporation (DFC) Chief Executive Officer ...
US Commits $1 Billion USD To Guatemala Private Sector Development
Adam Boehler, Chief Executive Officer of U.S. International Development ...
LatAm Countries Not Well Positioned To Withstand Next Recession Says Fitch Ratings
Growth in public debt burdens and fiscal deficits in ...
Considering doing business in Latin America or the Caribbean?
Leverage the expertise & on-the-ground experience of Loren Moss ...
Belize Launches National Investment Strategy Project
The Government of Belize through the ministry responsible for ...
BP Strikes Gas 50 Miles Off Trinidad Coast
BP Trinidad & Tobago (BPTT) today announced that it ...
Medtronic Announces $50 Million USD Post-Hurricane Expansion In Puerto Rico
Medical device manufacturer Medtronic (NYSE:MDT) last week announced a ...
Cartagena Is Worth A Closer Look For Industry & Tourism, IPA Gives 6 Reasons Why
According to investment promotion agency (IPA) Invest in Cartagena, ...
US Government Deploys Elite Disaster Response Team To The Bahamas To Provide Aid In Response To Hurricane Dorian
The U.S. Agency for International Development (USAID) has deployed ...
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
The sponsorship, worth J$6 million, will support the program ...
Moody’s Investors Service Issues Periodic Review, Maintains Trinidad & Tobago’s Government at Ba1
Moody’s Investors Service reviews all of its ratings periodically ...
With New Bogotá Store, PriceSmart Continues Expansion Into The Caribbean, Central America, & Colombia
PriceSmart, Inc. (NASDAQ: PSMT) today announced that on August 21, 2019, ...
Copa Airlines Adds Flights Between Paramaribo, Suriname and Panamá
Panamá based Copa Airlines, a subsidiary of Copa Holdings, ...
Report: Caribbean Countries Leveraging Advanced Technologies To Deliver Health Care and Education
Information and Communication Technologies (ICTs) are a major tool ...