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 – The Caribbean’s Own Low Cost Airline Has Ambitious Plans For The Region
Founder Victor Pacheco Tells Finance Americas why the time is right for a Dominican airline to connect the Caribbean & the entire hemisphere.
Wingo Launches Flights Between Santo Domingo & Medellín, Colombia
Flights between Santo Domingo & Medellín begin March 28, and start at $194 USD round trip
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.
Punta Cana Wins Twice-Weekly Flights From Medellín, Colombia Via Wingo
Saturday, Copa Airline’s low-cost subsidiary Wingo began operating flights between Medellín Colombia and the resort destination of Punta Cana, Dominican Republic, with rates starting at $199 round trip, and including one penalty-free date change.
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
Pressured By Coronavirus Pandemic, August PriceSmart Sales Flat
PriceSmart, Inc. (NASDAQ: PSMT) announced that for the month of August 2020 net merchandise sales increased 0.9% to $262.4 million USD from $260.0 million in August a year earlier. Foreign currency exchange fluctuations impacted net merchandise sales negatively by 3.9%, or $10.1 million versus the same one-month period ...
Copa Airlines Reports $386 Million USD Loss For Q2 2020
Copa has now scheduled the restart of its regular commercial flights for September 4th, 2020.
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
Copa Airlines Fined $450,000 By US Government For Violating Venezuela Sanctions
The U.S. Department of Transportation fined Copa Airlines $450,000 for unlawfully transporting passengers between the United States and Venezuela via a stopover point. Copa was ordered to cease and desist from future similar violations.
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.
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
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.
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 ...
Copa Airlines Adds Flights Between Paramaribo, Suriname and Panamá
Panamá based Copa Airlines, a subsidiary of Copa Holdings, S.A., officially began operations of its new route to the city of Paramaribo, in the Republic of Suriname, being the only airline that will connect this destination with 80 other destinations ...
Digital Transformation Advances in Colombia as Nation’s Largest Bank Plans to Invest $140 Million USD
Grupo Bancolombia plans to invest some $140 million USD in digital transformation and artificial intelligence initiatives this year.
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.