The next few years will see more countries jockeying for investors, operators, and developers in free zones. Among other factors, success will depend on transparent and sustainable government policies.
Arajet Executing on Plan to Make Dominican Republic an International Low-Cost Airline Hub
Santo Domingo based low cost airline Arajet has announced 42 connections across 9 countries in Central, South America and The Caribbean, demonstrating rapid progress and growth while 2023 has already seen the collapse of two Colombian low cost carriers. Arajet ...
Jorge Sequeira Picado Retires from Costa Rica’s CINDE Investment Promotion Agency
CINDE Senior Manager Margarita Umaña has been designated as the point person to aid in the transition.
Outsourcer Glowtouch Bets Big On The Dominican Republic – Not Just For CX, But IT Talent As Well
...So our goal is to have an additional…at least two more locations in other nearshore geographies and we are continuing to evaluate other nearshore locations.
Tropical Storm Warning For Southern, Western Caribbean
Heavy rainfall is expected for the ABC Islands, Coastal Colombia & Venezuela, Nicaragua, Costa Rica, and Colombia's Caribbean Islands.
PriceSmart Announces “Stellar” Results For Quarter Ending November 30, 2021
In many markets PriceSmart is the only reliable source for high quality grocery imports from the US, such as whole turkeys or authentic bacon, ham, cheeses & condiments.
Costa Rica To Host In-Person Refriamericas Expo & Congress November 10,11
The event will be held jointly with SolarTec Americas, the expo for the integration of solar energy systems and TecnoEdificios, the expo for the Facility Management industry.
Bogotá & San José To Host TecnoEdificios, Refriamericas & CleanTec In-Person Conventions In November
This event will be held along with Refriaméricas, SolarTec, & CleanTec Show, expos for the air conditioning and refrigeration industry, and for the professional cleaning industry.
Nearshore Software Outsourcer Gorilla Logic Acquires Modernist Studio
With 700+ employees throughout Colombia, Costa Rica, and the United States, Gorilla Logic says it will partner with the team at Modernist Studio to offer a more holistic experience to their clients.
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 annual cash dividend in the total amount of $0.70 per share, with $0.35 per share payable on February 26, 2021 to stockholders of record as of February 15, 2021 and $0.35 per share payable on August 31, 2021 to stockholders of record as ...
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
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.
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
East West Goes North South With Costa Rican Manufacturing Expansion
Atlanta, Georgia based OEM contract manufacturer East West has announced an investment of more than $2 million USD for expansion of its operations in Costa Rica. Located in the BES free trade zone in Alajuela, East West says it will ...
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.
PriceSmart Sees Sales Surge Almost 20% In March, Postpones New Jamaica, Colombia, Costa Rica Stores, To Launch Online Shopping & Delivery Option
International warehouse club operator PriceSmart announced that for the month of March 2020 net merchandise sales increased 17.1% to $306.1 million USD in the midst of the Coronavirus COVID-19 Pandemic.
Even Without Infections, Fitch Says Coronavirus Threatens Caribbean & LatAm Economies
Sovereign and corporate issuers in Latin America will be adversely affected by slower Chinese demand and commodity price weakness caused by coronavirus due to high commodity export dependence and direct trade exposure to China, says Fitch Ratings.
LatAm Countries Not Well Positioned To Withstand Next Recession Says Fitch Ratings
Growth in public debt burdens and fiscal deficits in many Latin American countries over the past decade will undermine the ability of governments to respond to shocks and a sharper than expected global slowdown in 2020, says Fitch Ratings. Weakening ...
Genpact Announces New Finance & Accounting Delivery Center in Hereida, Costa Rica
Genpact (NYSE:G), a global business process outsourcing firm today announced that it will open a new finance and accounting (F&A) delivery center in Heredia, Costa Rica and a digital innovation hub in Guadalajara, Mexico focused on advanced analytics, as a result of its expanded ...
Critical Factors to Consider Before Selecting a Nearshore Location, Part 8: Governmental Agencies and Support
“There’s a marketing arms race,” says Johan Gott of AT Kearney. “Who can get their message out?”
Critical Factors to Consider Before Selecting a Nearshore Location, Part 4: Service Specialization
“When you’re not India ... then you have to really start prioritizing,” says Johan Gott of AT Kearney. “You really need to think about, ‘How is the niche that we are playing in better than anyone else’s?’”
Low Cost, Low Demand Have Created a Renter’s Paradise for Office Space in Trinidad and Tobago
“We don't how long the prices will remain this competitive, but at the moment, it's very much a tenant's market," says Jean-Paul de Meillac of Terra Caribbean.
Trinidad and Tobago’s Piarco International Airport Named Second Best Airport in the Caribbean
Piarco International Airport was also honored for having the best airport staff in the Caribbean due to the quality of service, efficiency, attitude, and friendliness shown by employees.
Ahead of the Pack: How Trinidad and Tobago Outpaces Nearshore Competitors in Key Site Selection Criteria
A country that wasn’t on the radar for most multinationals a decade ago is now moving to the front of the pack.