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PriceSmart Declares 70 Cent Dividend

PriceSmart declared a US$0.70 per share dividend at the company's 2019 annual meeting of stockholders held on January 30, 2019, in San Diego. A $0.35 per share is payable on February 28, 2019, to stockholders of record as of close of business on February 15,...

Telefonica Looking To Sell Its Opertaions In Costa Rica And The Region

Spain's Telefonica, which operates in Costa Rica and Central America under the Movistar brand, is looking for a buyer. "Within the framework of its portfolio management policy based on a strategy of value creation and strategic positioning, it is in the process of negotiating the...

New Migrant Caravan Enters Mexico Undocumented Despite Humanitarian Visas

Hundreds of Central American migrants entered Mexico undocumented through an open border, in spite of the Government's offer to give a humanitarian visa to transit freely for a year in the country. Between Thursday and Friday, over a thousand Central American migrants crossed the border...

Telefonica (Movistar) close to selling Guatemala and El Salvador units

Telefonica, under its brand Movistar and the second largest in terms of users mobile operator in Costa Rica, is close to finalising the sale of its Guatemala and El Salvador units for a total of around EUR 530 million (US$600 million dollars). The Spanish business...

Dos Pinos Scaling Down In The Region, Cuts 100 Jobs

The dairy cooperative Dos Pinos centralized the support services of its regional operation in a single unit to standardize the technological processes and for better business practices, for which it will reduce around 100 jobs in the administrative and managerial area. According to Francisco Arias,...

PXMOLINA: The Flutist of Central America…

Source: Confidencial

U.S. pledges billions in aid to develop Central America, curb migration

(Reuters) - The United States is committing billions of dollars toward development in Central America and Mexico, as part of a plan to strengthen economic growth in the region and curb illegal immigration, the U.S. and Mexican governments said on Tuesday. Mexican President Andres Manuel...

Costa Rica named as a host nation for Gold Cup 2019

Costa Rica's Estadio Nacional (National Stadium) will be the site of the first two Group B matches for next summer's edition of Confederation of North, Central America and Caribbean Association Football (CONCACAF) championship. Costa Rica's first match in the 2019 Gold Cup will be played...

Thousands Evacuated as Guatemala Volcano Erupts Again

(TelesurTv) Authorities in Guatemala declared a red alert and evacuated around 4,000 people early Monday after the country's fiery Fuego volcano erupted for the fifth time this year, sending bursts of ash and lava down the mountain. The volcano last erupted in early November without...

Google launches new application ‘Mi Negocio’ in Costa Rica

Google announced the availability in Costa Rica of its 'Mi Negocio' (My Business) application, a tool for small and medium enterprises to keep their information updated. People use digital tools to navigate the world. Within the shopping experience, we know that consumers use the Internet...

Heavy rains across Central America

Torrential rain in Central America that caused floods and landslides have killed nine people in just a few days, rescue and emergency authorities across the region said on Sunday. Heavy rains that began on Thursday have battered countries from Guatemala to Costa Rica, and prompted...

Telefonica exploring sale of Mexico, Central America units – report

Telefonica, the operator of Movistar in Costa Rica and Central America, is exploring the total or partial sale of its Mexican and Central American units with a view to urgently reducing its debt pile and boosting its share price, according to unnamed sources cited...

Guatemala Independence Marked by Calls for Morales to Resign

As President Jimmy Morales gave a speech Friday night to celebrate Guatemala's 197 years of independence in the Constitution square, citizens chanted the slogan "Get Out! Get Out!" Annually on September 14, Guatemalans carry the fire of the independence in symbolic marches. This year, in...

Fleeing violence, Nicaraguans seek safety in Costa Rica

(UNHCR) The thin, bespectacled medical student acted as a paramedic in street protests in Nicaragua until gun-toting paramilitaries detained him last month. “They beat me, they put a towel on my face and poured water on me until I felt like I was drowning,” says...

Costa Rica Exports to Nicaragua plummeted 51% in June

Exports to Nicaragua plummeted 51% in June says the Promotora del Comercio Exterior de Costa Rica (Procomer) - Foreign Trade Ministry. Francisco Gamboa, executive director of the Chamber of Industries of Costa Rica (ICRC) said that "analyzing the data published on Monday by Procomer, we,...

Editorial: Daniel Ortega, the Butcher of Nicaragua

(Panam Post) One of the latest victims of the repression of the Ortega regime, was a child just over a year old. Renowned Cuban journalist and writer Carlos Alberto Montaner opined: “The murder of a 14-month-old baby was the straw that broke the camel’s...

The Central American Migrant Crisis: What is the Ultimate Solution?

  The Central American migrant crisis has sparked a nationwide debate over immigration, brought to the forefront by policies resulting in the separation of children from their mothers at the border.   The vast majority of these illegal immigrants are from three Central American countries known as...

The Volcanos Of Central America (By Country)

Among the things most loved by travelers to Central America is the volcanos. Ok, the beaches are great. The rivers, the forests, the lakes, all nice. But a volcano trumps them all. The isthmus is located along the Ring of Fire and that has meant...

Hondurans March Against US Base After Trump Termination of TPS

Hundreds of people gathered in front of the U.S. embassy in the Honduran capital Tegucigalpa Saturday to protest Washington's decision to cancel the Temporary Protected Status (TPS), which granted protection status to nearly 60,000 Honduran immigrants. The program protected nearly 56,000 Hondurans and offered respite...

Salma Hayek Calls for Male Stars to Get Pay Cut

Mexican-American actress Salma Hayek, a vocal campaigner against sexual harassment in the movie industry, said on Sunday male stars should get less pay as way to even things up with chronically underpaid women. A day after joining dozens of other female movie makers, including Jane...

The Fall of Ortega’s Central American Wall

This article published in January 2016 on Confidencial.com. ni was translated from Spanish by Havana Times. The arrival of the first Cuban migrants in the United States, although only a small fraction of the more than 6,000 Cubans still stranded in Costa Rica, symbolizes...

How to resolve the territorial conflict between Belize and Guatemala

On Sunday, April 15, Guatemala held a referendum to determine whether it’s willing to take the border conflict with Belize to the International Court of Justice. With an admittedly low turnout of just 26%, a very high percentage of 95% voted affirmatively on the proposal....

Social Security Protest March Leads To Clashes In Nicaragua (Photos)

A protest over social security changes in Nicaragua has led to clashes between opponents of the measure and government backers. Hundreds of activists, elderly people and others were demonstrating Wednesday in the capital of Managua when they were set upon by members of a pro-government...

Where Is The Border Between North and South America?

The Panamanian border with Colombia is the demarcation between North and South America. The boundaries between the continents of Earth are generally a matter of geographical convention. Several slightly different conventions are in use. The number of continents is most commonly considered seven but may...

Taiwan stresses Central America ties with navy visit

A Taiwanese navy flotilla docked in Nicaragua on Monday in a high-profile visit highlighting ties with Central America and the Caribbean that are shrinking as China presses countries in the region to drop diplomatic relations. The three vessels -- described as being on a training...

US-China Trade War May Boost Mexico, Central America Apparel Makers

Apparel makers in Mexico and Central America could benefit from the US's $50 billion of proposed tariff hikes on Chinese imports if retailers boost sourcing south of the border, industry experts say. "If Chinese imports become more expensive for American retailers they could buy more...

The world’s largest Coke bottler is shutting down operations in one of Mexico’s most violent states

The world's largest bottler of Coke, Coca-Cola Femsa, shuttered its operations in a town in southwest Mexico on Friday, saying the shutdown was prompted by constant aggression from organized-crime groups. Attacks on big companies and multinationals have been rare in Mexico in the decade since...

Costa Rica’s Election Offers Fiscal Faith Test

(Bloomberg) With its open doors to tourists, no standing army since 1948, and proud claims as Central America’s oldest democracy, Costa Rica is not the place you’d look for a religious uprising. Yet this country of 4.9 million may be poised next month to...

Four Central American cities among the most violent

San Salvador and San Pedro Sula have improved, although they remain among the most violent city in Central America: San Salvador in 17th place globally improved by ten positions compared to 2016, in the ranking by Mexico’s Citizen Council for Public Safety and Criminal...

Costa Rica Takes 4th Spot in Americans’ Home Buying Destinations Ranking

Based on our latest report, Costa Rica ranks 4th in the top 30 locations U.S. residents look up online when they think about buying a second home.   Costa Rica stands out as the 4th choice for American home buyers, falling 2 spots compared to 2015...

Costa Rica ‘Best Country’ In The Region

With high scores on travel and doing business, Costa Rica is the best country in Central America, according to US News Overall Best Countries index, made in partnership with Y&R consultants and The Wharton School. Costa Rica, in 45th position worldwide, is followed by Panama...

ICE Looking To Become Regional Telecom Player

Costa Rica's state-owned telecom operator, the Instituto Costarricense de Electricidad (ICE), is finalizing plans to become a major telecommunications player throughout Central America and a rival to market leaders Claro (Mexico's America Movil) and Movistar (Spain's Telefonica), reports La Republica. According to the telecoms director...

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