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Guacalito$250,000,000 (USD) Resort Opens Phase I in Nicaragua

Read more:  Pellas inaugura Guacalito de la Isla · El Nuevo Diario.

With a total investment of U.S. $ 250 million, Carlos Pellas, opened the luxury resort Guacalito Island, the first stage features a golf course with 18 holes, a boutique hotel and villas and cottages, in the idyllic town of Tola, Rivas near San Juan del Sur, on the Pacific Coast of Nicaragua.

Guacalito de la Isla
Beachside in Nicaragua

The first phase of the emblematic Guacalito Island, is located on the Emerald Coast of the Pacific, seeks to position Nicaragua as a premier tourist destination, opened 13 January 2013 in the presence of regional entrepreneurs invited by Carlos Pellas, who described the project as the legacy that the country intends to inherit.

With an estimated total of $ 250 million (USD), the first phase includes the boutique hotel Mukul, which has 39 rooms, 16 beach villas and 23 mountain huts, built on 1,600 acres (about 650 hectares), with an investment of U.S. $ 150 million.

My vision is that in 15, 20 years, we see this as the spark that made Nicaragua a tourist destination,” said Carlos Pellas, Pellas group leader.

Built with eco-friendly materials and the use of water catchment areas of rain, the resort is between and surrounded by more than 1,500 trees, some of which were transplanted  A 150-year guanacaste, erected at the entrance of the complex, represents the effort for the care of the environment.

 

 

GuacalitoNuevo Hotel, Cabañas, Villas y Cancha de Golf en Nicaragua

Lea más:  Pellas inaugura Guacalito de la Isla · El Nuevo Diario.

13 enero 2013

Pellas inaugura Guacalito de la Isla

Con una inversión total de US$250 millones, Carlos Pellas, líder del grupo Pellas, inauguró el resort de lujo Guacalito de la Isla, que en una primera etapa ofrece un campo de golf de 18 hoyos, un hotel boutique, así como villas y cabañas, en el paradisíaco municipio de Tola, Rivas, cerca de San Juan del Sur.

Guacalito
Guacalito

La primera fase del emblemático proyecto eco-turístico Guacalito de la Isla, ubicado en la Costa Esmeralda del Pacífico, en el municipio de Tola, Rivas, y que busca posicionar a Nicaragua como un destino turístico de primer nivel, fue inaugurado anoche en presencia de empresarios de la región invitados por Carlos Pellas, quien calificó dicho proyecto como el legado que pretende heredar al país.

Con una estimación total de US$250 millones, la primera etapa contempla el hotel-boutique Mukul, que cuenta con 39 estancias, 16 villas de playa y 23 cabañas de montaña, edificadas en 1,600 acres (casi 650 hectáreas), con una inversión de US$150 millones.

“Mi visión es que dentro de 15, 20 años, veamos esto como la chispa que despertó a Nicaragua como destino turístico”, expresó Carlos Pellas, líder del grupo Pellas.

Construido con materiales eco-amigables y con el uso de zonas de captación de agua de lluvia, el resort está entre y rodeado por más de 1,500 árboles, algunos de gran tamaño que fueron transplantados. Un guanacaste de 150 años, erigido en la entrada del complejo, representa el esfuerzo por el cuido del medio ambiente.

 

 

 

A New Beachfront Retreat is Rising on Nicaragua’s Pacific Coast

Read more:  A New Isla Mariana Beachfront Retreat is Rising on Nicaragua’s Pacific Coast.

Isla Mariana Beachfront Retreat Nicaragua Blog

Grupo Mariana owns clear title to 1.5 kilometers of beach frontage on the Pacific Coast of Nicaragua, 89 kilometers northwest of the capital city of Managua. The property is 17 acres situated on a peninsula that spans 11 kilometres in length and is bordered by the town of Salinas Grandes to the North and Puerto Sandino to the South.

Isla Mariana is now a community with one unique neighborhood while the master plan has been completely revised and now features a recreational 25-slip marina, true beachfront home sites and a 16-room boutique hotel under the Laya Boutique Hotel brand.

Laya Boutique Hotel and Bungalows is a new component under the Grupo Mariana umbrella, and is a completely unique hospitality offering within the country of Nicaragua. A relaxed, eco-conscious hideaway for those looking for a private beachfront experience, Laya will offer boutique hotel suites and beachfront bungalows stretched along the Pacific Ocean. Laya, which means “liquid” in Nicaragua’s native Miskito language, offers travelers and couples a private destination and experience.

We believe that Isla Mariana is truly positioned to become an “eco resort” that respects the environment and offers an uncompromising, relaxed lifestyle. It’s an off-the-beaten path just 30 minutes from the colonial city of Leon, Juan Venado Nature Reserve as well as the unique Salinas Grandes area where salts are pulled directly from the sea surrounds it. Because of this, Isla Mariana is dedicated to preserving and promoting Nicaragua’s natural resources and efforts are being made to classify the nearby salt fields as an eco-preserve. In essence, Isla Mariana is a wonderfully exceptional and beautiful place.

The Grip Gets Tighter, IRS Finalizes FATCA; Creates Additional Barrier to the Flow of Capital

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Published on: 2013/01/30

Foreign Account Tax Compliance Act

Edicts like FATCA serve as an indirect form of capital controls, as they effectively create significant barriers for capital to leave the US.

Read more at:

Weekly Update – The Grip Gets Tighter, IRS Finalizes FATCA – International Man.

Wording of the FATCA

Rich Taiwanese give up US Passports over FATCA (Taiwan News)

California’s 5 year RETROactive Tax (Business Insider)

New tax for Expats to fund Obamacare (Yahoo News Canada)

IRS website for FATCA

The grip continues to get tighter.

Last week the IRS finalized the widely unpopular FATCA regulations, a monstrosity of 544 pages.

 

Unpopular with everyone but the US government and the financial advisers who are set to profit from the stacks of paperwork that FATCA creates.

 

The final regulations include a step-by-step process for identifying US accounts, information reporting, and withholding by foreign financial institutions.

 

These costly regulations make the world a smaller place for Americans. Most foreign banks want nothing to do with American clients and it is no wonder why. The benefits do not outweigh the costs; any rational business owner would make the same decision.

 

Perhaps it is a desired effect.

 

Edicts like FATCA serve as an indirect form of capital controls, as they effectively create significant barriers for capital to leave the US.

 

We shouldn’t be surprised that broke governments everywhere are finding all sorts of dastardly creative ways to squeeze their citizens more and more.

 

Take California for example, which is seeking to hit businesses with an absurd retroactive tax going back 5 years.

 

 

Museo en CartagenaThe World’s Economy in 2050; Europe & USA dwarfed by Today’s Emerging Economies

Categories: Business, Colombia
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Published on: 2013/01/29
From: 
The World in 2050; Quantifying the Shift in the Global Economy a study commissioned by HSBC Bank
International Man, http://www.internationalman.com/global-perspectives/on-the-ground-in-colombia-part-1
International Man, http://www.internationalman.com/global-perspectives/on-the-ground-in-colombia-part-2

With the rapid growth of the emerging markets, the global economy is experiencing a seismic shift…. By 2050, the collective size of the economies we currently deem ‘emerging’ will have increased five-fold and will be larger than the developed world.

19 of the 30 largest economies will be from the emerging world.

At the same time, there will be a marked decline in the economic might – and potentially the political clout – of many small population, ageing, rich economies in Europe

In HSBC’s The world in 2050, a perspective on the economic outlook in 2050, Colombia is seen playing a decisive role in the global economy and predicted to become the number 26 economy in the world, as measured by GDP (up from position 33 or 34 now depending on the research). It is also part of CIVETS, a group of emerging markets seen as “the next BRICs.”

GDP growth over the last 10 years averaged to about 5%, similar to that of Brazil, but less than neighboring Panama, which was growing a little faster. Interestingly, the Colombian economy did not contract in the disaster years of 2008 and 2009, posting a modest growth of 1.45% in 2009, showing pretty good economical resiliency. Last time its economy shrank was back in 1999.

The country is rich in natural resources, with the main industries being petroleum, coal, coffee and other agricultural produce, and gold. Colombia is also known as the world’s leading source of emeralds, and over 70% of cut flowers imported by the United States originate from Colombia.

The oil sector has been a huge success in Colombia, with production ramping up rapidly in the last several years. It went from 525,000 barrels per day in 2005, to almost a million in 2011. Yearly rate of increase is comparable with that of Brazil, which has been in the news much more extensively than Colombia, who is the fourth largest oil producer in South America. Production in Brazil per year is still much higher, with about 2.7 million barrels per day (2010).

The official currency in Colombia is the Peso, and it has been rising substantially over the last few years due to increasing investment inflows from outside the country

—————–

From HSBC:

With the rapid growth of the emerging markets, the global economy is experiencing a seismic shift. But why is this change occurring? Will it continue? And how will the world look if it does? The answers to these questions are important for investors’ decisions today.
In this piece, we provide a framework for thinking about these issues. Based on our analysis of the Top 30 economies ranked by size of GDP in 2050, our conclusions are as follows:

 

  • World output will treble, as growth accelerates on the back of the emerging economies. On average, annual world growth is projected to be accelerate towards 3% compared with growth of just over 2% in the 2000s (Chart 1). Emerging-world growth will contribute twice as much as the developed world to global growth over this period.
  • By 2050, the emerging world will have increased five-fold and will be larger than the developed world (Chart 2).
  • 19 of the top 30 economies by GDP will be countries that we currently describe as ‘emerging’ (Table 3).
  • China and India will be the largest and third-largest economies in the world, respectively.
  • Substantial progress up the global league table will be made by a host of other emerging economies – most notably, Mexico, Turkey, Indonesia, Egypt, Malaysia, Thailand, Colombia and Venezuela.
  • These projections combine prospects for per capita GDP and the demographic outlook. Income per capita should grow in all the countries that we consider. But demographic patterns vary significantly across the world and have a major influence on growth prospects.
  • The US and UK, with better demographic outlooks, are relatively successful at maintaining their positions.
  • But the small-population, ageing, rich economies in Europe are the big losers.  Switzerland and the  Netherlands slip down the grid significantly, and Sweden, Belgium, Austria, Norway and Denmark drop out of our Top 30 altogether.
  • This may have implications for the ability of these economies to influence the global policy agenda.  Already Europe has been forced to concede two seats on the IMF’s executive board in order to make way for some emerging economies. This adds a whole new dimension to the current Eurozone crisis, and provides a significant incentive to euro-area countries to work through their current difficulties and remain a union.
  • Demographic change is even more dramatic outside of Europe. The working population will rise by 73% in Saudi Arabia and fall by 37% in Japan. That is reflected in these countries’ differing fortunes in our top 30 table (Chart 4).
  • By 2050, the seismic shift in the global economy will have only just begun. Despite a seven-fold increase (Chart 5), income per capita in China will still be only 32% of that in the US and scope for further growth will be substantial. This ‘base effect’ must be considered when comparing current growth in the emerging world with that of the developed world.
  • Energy availability need not hinder this path of global development so long as there is major investment in efficiency and low-carbon alternatives. Meeting food demand may prove more of a challenge, but improvements in yield and diet could fill the gap. In the final section, we discuss our preliminary thoughts on this topic.

Latin American airlines will require over 2,100 new aircraft …

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Published on: 2013/01/25

 

Nov 16, 2012

According to the recently released Airbus Global Market Forecast (GMF), Latin American airlines will require 2,120 new aircraft between today and 2031, including 1,660 single-aisle, 420 twin-aisle and 40 very large aircraft estimated at $242 billion. Globally, by 2031 some 28,200 new aircraft valued at $4 trillion will be required to satisfy future robust market demand.

 

With GDP currently growing above the world average, socio-economic indicators predict Latin America’s middle class will double between 2012 and 2031. Additionally, Latin America has become the second most urbanised region worldwide after North America, and by 2031, 10 out of the 92 mega-cities with more than 10,000 daily long-haul passengers will be in the region.

As a result of this region’s dynamic economic growth, Latin America’s air traffic will rise 5.3 percent per year over the next 20 years, well above the world average of 4.7 percent. Benefiting from this, the region’s airlines will grow their own traffic by almost 6 percent per year, the second highest growth globally, only exceeded by those airlines based in the Middle East. Additionally, Latin American airlines’ market share on long-haul routes increased by 8 percent between 2005 and 2011, to reach 21 percent today, showing that they have significant development potential for intercontinental networks.

source:  Airbus Global Market Forecast Airbus: Latin American airlines will require over 2,100 new aircraft ….

Forbes Magazine says CEO Space is “A 2013 Must Attend Business Conference”

Mar y Sol Twin Hull Boat founders, Domingo Bernardo and Theresa Biemer are graduates and active members of CEO Space International.

Theresa and Domingo at the 1212 CEO Space Expo

 

CEO Space is a combination of a conference, networking event, and trade show. This week long event’s primary goal is to help the executives, entrepreneurs, and other professionals in attendance achieve their goals faster and easier.  It is accomplished through networking opportunities, coaching sessions, team building exercises, and much more. By attending this conference you’ll make connections with key people and other leaders valuable to helping you achieve your professional and business goals.

CEO Space and Berny Dorhmann has assembled a large faculty staffed by an “all star team of Fortune management advisers.”  They come here to donate their time and knowledge and readily give advice and counsel.  Here at Trade Show Forums held 5 times each year you will rub elbows with well renowned business professionals, writers and speakers.

 

Bob Proctor at 1212 CEO Space International

One of the many featured faculty members is Bob Proctor, a well respected, highly sought out speaker in the world on the topic of getting rich.  His principles are based on the book by Napoleon Hill, Think and Grow Rich which had a dramatic change in his own life.  For over 40 years, Bob Proctor has been the leader in the power of positive thinking and self-motivation.

Whether it is renowned speaker like Bob Proctor or Les Brown, business professionals like Harry Lay, best selling writers like Dolf de Roos or entertainment personalities like Rhonda Britton, CEO space offers an amazing resource for its members!

Whether it’s networking with potential clients or learning about the latest trends, attending conferences is one of the most valuable investments you can make personally and professionally. The 2013 conference line-up is full of great options for entrepreneurs, marketing professionals, and those wanting to get a step ahead in business

Forbes is correct ~CEO Space is THE place to be for your business.

 

 

 

source: Must-Attend 2013 Conferences for Entrepreneurs – Forbes.

 

 

 

 

 

Banco Popular of Costa Rica earned $74M in 2012

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Published on: 2013/01/22

from:  Banco Popular disminuyó sus utilidades en un 4% – El Financiero.

Banco Popular of Costa Rica earned $74M in 2012; nationwide, commercial banks nationwide earned 30% more in 2012 than in 2011.

Popular Bank authorities announced this morning a drop in profits of 4% from ¢38,600 million ($77M) in 2011 to ¢37,093 million ($74M) in 2012.

Gerardo Porras, corporate general manager of the company, said the bank continues along the path of growth to contribute to economic and social development of workers.

At the system level, commercial banks increased their profits by 30% last year. The National Bank was the one who earned the bulk of the banking profits, while the HSBC Bank (now Davivienda) had the highest growth of the year (186%).

Returning to Popular, this year the rating agency, Fitch Ratings, issued the Bank a AA rating for its long-term issues and F1 for short term.

For 2013 the bank has projected a placement of ¢410,000 million ($820M) in the areas of consumer credit and development.

 

Costa Rica Currency Continues Rise vs Dollar

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Published on: 2013/01/22

 

January 2013

The Costa Rican Economy is experiencing an unprecedented entry of US Dollars as world wide investors seek productive returns.  The influx of dollars has become a problem for Costa Rica’s long standing monetary policy, which is to “loosely peg” with the dollar, so that the exchange rate stays near 540 Colones per USD — the Colón is currently trading at the “established floor” of 500.

¿Dólares ó Colones?

Dollars flood the Costa Rican economy for two major reasons:

  1. Foreign investment into the Costa Rican economy — Walmart, IBM and many other firms have invested hundreds of millions in the past two years
  2. Foreign Exchange (FOREX) traders — speculators will purchase Colones,  currently yielding near 9%, and give up dollars which are currently yielding near 0.5%.

The question of the increasing value of the Colón vs the continually decreasing value of the dollar has many groups in Costa Rica in a fierce debate.  The continual increase affects business, mostly the tourism and the export trades.

Exporters receive payment in foreign coin, but then must pay for services in local currency.  Tourism suffers because tourists can purchase less vacation for their money.  However, the increasing value of the currency leads to a more stable environment and an increase in worldwide investment and which eventually means more wealth for the citizens of the country.

Costa Rica can leave this situation alone, causing their exports and tourism to suffer, slowing the economy.  An alternative is to artificially lower interest rates to better match the USD, further accelerating the economy and possibly causing large inflation.  They can also print more Colones which causes inflation and modestly accelerates the economy.   Another choice is to release the Colón from the US Dollar, allowing the Colón to float in the international currency market.  There are even cries to abandon the local currency and simply accept the dollar as the new currency.

Any decision will need to be done quickly, since Costa Rica is a relatively small nation with a small economy.

Read more at:

http://www.elfinancierocr.com/finanzas/dolar-capitales-sector_productivo-Uccaep_0_229177090.html

http://www.nacion.com/2013-01-14/Economia/ingreso-de-dolares-pone-en-aprietos-estabilidad-economica.aspx

http://www.crhoy.com/si-bccr-libera-bandas-cambiarias-miles-de-empresas-moriran-advierte-cadexco/

http://www.elfinancierocr.com/finanzas/Gobierno-consulta-capitales-extranjeros-productivo_0_225577457.html

http://www.elfinancierocr.com/finanzas/Hacienda-dinero-eurobonos-disminuir-interes_0_229177092.html

http://www.elfinancierocr.com/finanzas/Tasa-Basica-Pasiva-reacciona-mercado_0_228577144.html

http://www.elfinancierocr.com/blogs/por_la_libre/solucion-sigue-dolarizar_7_227447256.html

 

Crisis europea: oportunidad para Centroamérica

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Published on: 2013/01/22

Leer más:  Prepara UE ofensiva empresarial en AL y Caribe | Info7 | Economía.

Prepara UE ofensiva empresarial en AL y Caribe

La Unión Europea (UE) tratará de expandir la presencia de sus empresas en América Latina y el Caribe durante una cumbre que celebrará con los países de esas regiones en Santiago (Chile), los días 26 y 27 de este mes
Notimex – La cita anual tiene por objetivo pasar revista a los últimos acontecimientos políticos y económicos en ambos lados del Atlántico y discutir cómo proseguir en la cooperación bilateral.

Pero, en paralelo, una delegación de representantes de 40 compañías y asociaciones industriales de diez países europeos buscará abrir camino en los mercados latinoamericanos, con el auspicio del comisario europeo de Industria, Antonio Tajani.

“El viaje hace parte de una serie de misiones para ayudar al crecimiento de las empresas europeas, en particular las pequeñas y medianas (Pyme), a sacar mejor provecho de los mercados internacionales que están en rápido crecimiento”, explicó la Comisión Europea.

Tajani tratará de promover la creación de redes de negocios con los países de América Latina y el Caribe para impulsar la internacionalización de las empresas europeas.

La idea es sacar partido del “fuerte desempeño económico” que la región ha experimentado en los últimos tres años, cuando el producto interior bruto (PIB) de sus países creció un 4.5 por ciento de media.

Además, el alto funcionario se reunirá con diferentes ministros chilenos para profundizar la implementación de acuerdos políticos firmados en junio de 2011 en los ámbitos del desarrollo de las Pyme, de cooperación industrial, de turismo y de política espacial.

El comisario de Comercio, Karel De Gucht, también participará de la ofensiva europea, presionando a Colombia, Perú y los países de Centroamérica a obrar para la pronta entrada en vigor de los acuerdos comerciales que firmaron con la UE el pasado año.

En paralelo, los presidentes del Consejo y de la Comisión Europea, Herman Van Rompuy y José Manuel Durao Barroso, exigirán a sus homólogos latinoamericanos más garantías a las inversiones europeas, para poner fin al clima de desconfianza generado con las expropiaciones realizadas el pasado año por Bolivia y Argentia.

Ofrecer seguridad legal a los inversores es esencial para promover inversiones de alta calidad, con responsabilidad social, señaló Bruselas.

Pedirán, igualmente, que preserven la apertura comercial y eviten tomar medidas proteccionistas en sus países, argumentando que ello es esencial para asegurar un crecimiento y desarrollo continuado.

European Crisis is Opportunity for Caribbean & Latin America

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Published on: 2013/01/22

from:  Prepara UE ofensiva empresarial en AL y Caribe | Info7 | Economía.

The European Union (EU) will seek to expand their business presence in Latin America and the Caribbean during a summit meeting with the countries of these regions in Santiago (Chile), 26 and 27 this month

20 January 2013

AP – The annual event aims to review recent economic and political developments on both sides of the Atlantic and discuss how to further bilateral cooperation.

But, in parallel, a delegation of representatives from 40 companies and industry associations in ten European countries seek to break new ground in Latin American markets, with support from the European Commissioner for Industry, Antonio Tajani.

“The trip is part of a series of missions to help the growth of European companies, especially small and medium enterprises (SMEs), to take better advantage of international markets that are growing rapidly,” said the European Commission.

Tajani seeks to promote business networking with the countries of Latin America and the Caribbean to promote the internationalization of European firms.

The idea is to take advantage of “strong economic performance” that the region has experienced in the last three years, when the gross domestic product (GDP) of countries grew by 4.5 percent on average.

In addition, the senior official will meet with various Chilean ministers to deepen the implementation of political agreements signed in June 2011 in the areas of SME development, industrial cooperation, tourism and space policy.

Trade Commissioner, Karel De Gucht, will also participate in the European offensive, pressuring Colombia, Peru and Central America to work for early entry into the trade agreements signed with the EU last year.

The Presidents of the Council and the European Commission, Herman Van Rompuy and Jose Manuel Barroso, will require their American counterparts more European investment guarantees, to end the climate of mistrust generated with the expropriations carried out last year by Bolivia and Argentina.

Providing legal certainty to investors is essential to promote high quality investments with social responsibility, said Brussels.

They will also urge that openness be preserved and protectionist measures be avoided in their countries, arguing that it is essential to ensure continued growth and development.

Nyesa S.A. Announces $330,000,000 Real Estate Development in Costa Rica

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Published on: 2013/01/22

Read more:  Nyesa Announces Real Estate Development in Costa Rica – CentralAmericaData :: The Regional Business Portal.

Nyesa Announces Real Estate Development in Costa Rica

Nyesa Valores Corporación has announced the signing of a $330 million agreement with a North American investment fund to finance the construction project.

The complex will be constructed in the Costa Rican Pacific port town of Puntarenas and will feature a world class golf course designed by champion golfer Greg Norman, beach club, sports center and 1,400 residential units including villas, condos and vacant lots.

Sources inside Nyesa Valores Corporación have stated that the total cost of the project is expected to be more than $1,600 with approximate profits of $485 million.

The project will be carried out in several phases, the first being general infrastructure development including the first SETAI branded hotel. This phase is predicted to cost $632 million, of which $330 million will be provided by the investment fund with a 10 year repayment term.

Leer más en:  www.nyesavalorescorporacion.com

 

New SuperWalmart (8th one) opens near San José, Costa Rica

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Published on: 2013/01/21

from:  Nuevo Walmart de Tibás abrirá en unos días – El Financiero.

In the coming weeks the eighth Super Walmart will be ready, this time in Tibás.

The work is in its final stage and although the company did not disclose the exact date,  the inauguration is estimated to be in the coming weeks. Even the building and has its facade almost ready.

This was announced by Walmart spokeswoman, Yolanda Fernández Ochoa, manager of Corporate Affairs Costa Rica, to queries sent by this periodical.

Fernandez said that from the point of view of infrastructure, the work is almost ready. They are currently in the process of installing equipment and shelves for placement of product.

Tibás Walmart will join the six hyper supermarkets already in operation: San Sebastian, Escazu, Escazu, Cartago, Heredia, Alajuela and Guadalupe.

When asked by the amount of investment, Fernandez just merely commented that it will be several million dollars. “However, by company policy we refrain from giving the figure in detail.”

However, last February, the company had estimated it would be about $ 19 million, as published by El Financiero.

This weekly learned that the chain also has a number of investments under way, the opening of a Maxi Pali in North Mercedes (Heredia), currently under construction.  Also in Lima de Cartago, Atenas, Esparza, and San Antonio, among others.

Recently opened, the Maxi Palí of Santa Cruz in Guanacaste where the company invested $ 4.3 million for a store of 1,800 square meters ( 19,600 square feet) and created 44 jobs.

About the new plans, the spokeswoman gave no details but admitted that she has multiple project openings in different stages of completion, some only in state permits, others already under construction, such as the one standing adjacent to the Northern Cemetery in Mercedes (Heredia)

“Being a public company listed on the Stock Exchange of Mexico, we can not pass judgment on the new projects, while our 2013 plans are not officially shared with shareholders and stock analysts in the coming weeks,” said Fernandez.

Walmart is not the only chain that is growing. Gessa Group, owner of Perimercados, Jumbo, Saretto, Supercompro and Turribásicos has requested permits and already under construction is a Jumbo supermarket in Heredia, a few meters from the National University.

AutoMercado, in addition, has an aggressive growth plan with its new stores Vindi, and expect to have seven shops by March .

AMPM and Fresh Market also continue its march of expansion, as has unveiled its president, Armando Gonzalez.  They now have more than 40 outlets.

 

Costa Rica tops Latin American ranking of outsourcing services

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Published on: 2013/01/21

 

“San José is one of the most impressive services destinations in the continent,” study says.

The “Top 100 Outsourcing Destinations Report 2013” places Costa Rica as the best country in Latin America for outsourcing operations and 13th worldwide.

The private study released by global consulting and investment firm Tholons indicates that Costa Rica climbed five positions from the 2012 index and is “a key player in the corporate services industry and information technology in Latin America and the world.”

“San José, Costa Rica, remains one of the most impressive destinations in the region. It surpassed bigger cities like São Paulo and Buenos Aires, consolidating the city as one of the big winners in the 2013 list,” the report cited.

Foreign Trade Minister Anabel González said Wednesday in a statement that this prominent position is a direct result of the work done to develop and consolidate the services sector in Costa Rica.

Gabriela Llobet, executive director of the Costa Rican Investment Promotion Agency, added that the Tholons ranking also reflects that the country now competes not only with continental leaders but also directly with global giants such as India, Poland, Ireland and Malaysia.

The only two countries in Central America that made the list besides Costa Rica were Nicaragua and Guatemala, appearing at the bottom of the ranking at 95 and 96, respectively.

source: Costa Rica tops Latin American ranking of outsourcing services / News Briefs / Current Edition / Costa Rica Newspaper, The Tico Times.

Twin Vee 35 Hydrofoil: Added Lift, Better Efficiency

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Published on: 2013/01/21

 

Twin Vee 35 Hydrofoil: Added Lift, Better Efficiency

Features, Boat Reviews and Boat Tests  from Boats.com

This new powercat from Twin Vee was designed specifically to carry hydrofoils, fore and aft, in its tunnel.

Twin Vee Powercats build some unique boats, and the latest to enter their line-up of one-of-a-kind cats is the 35 Hydrofoil. This boat was designed and built for foils, and with a pair of 300-hp Suzuki outboards on the transom, cruises in excess of 40-mph.

 

Twinvee boats

“The fuel and efficiency difference with the hydrofoils is incredible,” Twin Vee CEO Roger Dunshee told me, when the boat was introduced at the Miami Boat Show. “We had to design the boat specifically for them and it was quite an investment, but I just can’t believe how well it runs,” he said.

The foils generate both lift and trim stabilization, and in some cases can reduce a boat’s lift/drag ratio from 4.0:1 to 20:1. That additional lift and reduced drag mean you can use smaller powerplants to get the same speeds out of a boat, and one of the first owners claimed that his 35 gets better than three MPG at cruise.

If foils are so darn good, why doesn’t every cat builder use them? Design costs are a major reason, but results seem to vary from one model to another, too, with smaller boats seeing reduced benefits. When I tested a pair of 29’ cats a few years ago, one with and one without foils, the efficiency gain we measured was under 10-percent.

hydro foil hydrofoils

Foils aside, the 35 is built to be a serious fishboat, and includes a leaning post with rocket launchers, a tackle station, and a livewell; a walk-in console head compartment; fore and aft seating; and gunwale rodholders. The helm has plenty of space for those big, beautiful LCD screens we anglers love, and coaming bolsters line the gunwales.

Twin Vee 35 Hydrofoil: Added Lift, Better Efficiency – Features, Boat Reviews and Boat Tests – Boats.com.

Living large in Costa Rica – CNN.com

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Published on: 2013/01/21

 

Enjoy the view over the Papagayo Peninsula from your private pool at the Four Seasons.

(CNN) — Not so long ago, Costa Rica was a backpacker’s game.

Other than a few business-class hotels in the capital of San José and a handful of isolated luxury properties scattered about the scenic hinterlands, travelers could expect little in the way of genuine comfort while exploring one of the most beautiful and eco-conscious countries on the planet.

Over the past decade, however, Costa Rica’s fastest-growing crop has been a collection of opulent hotels and resort communities, complemented by marinas, golf courses, gourmet restaurants, hot springs and other world-class facilities.

The tag attached to most deluxe properties is usually something like “ecolodge” or “ecoresort,” which may conjure visions of dreadlocks, granola and recycled hemp-fiber sheets.

Don’t be fooled.

Yes, most of the country’s destinations are green; Costa Rica’s Sustainable Tourism Program rewards environmentally friendly properties with one to five “leaves” and copious free publicity.

But Costa Rica’s new upscale properties are as elegant and comfortable as any in Latin America.

Here are the best regions and stays for putting a little service and Chardonnay into your sand and scenery.

Click the link to see all the wonderful places:

 Living large in Costa Rica – CNN.com.

Colombia Promoting Nautical Tourism to Create 15,000 Jobs

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Published on: 2013/01/21

Read more:  Colombia impulsará turismo náutico para crear 15 mil nuevos empleos – Noticia

Colombia impulsará turismo náutico para crear 15 mil nuevos empleos - Noticias de turismo - arecoa.com

The Ministry of Commerce, Industry and Tourism of Colombia has set among its priorities to contribute to the creation of 15,000 new jobs in the Colombian Caribbean coast, by promoting nautical tourism; (population of the entire country is roughly 20,000,000)

In order to achieve this goal, the ministry launched the Guía Náutica Turística de Colombia (Colombian Nautical Tourism Guide), the pages collect navigational charts for nautical activities for both sailboats and motor vessels, as well as complete information of services and sites tourists can visit in each of the docking ports, according to the Colombian press.

With the Guide the ministry seeks to promote the country as a destination for all types of vessels, taking advantage of 2.900 kilometers (4,700 miles) of coastline: 1.600 kilometers (2,600 miles) in the Caribbean Sea and 1.300 kilometers (2,100 miles) in the Pacific Ocean, which is Colombia.

The second step will be the creation of marinas and the regulation of the sale of services on them, another project which the Government intends to promote.

The participants to the publication are Tourism Promotion Fund, the Tourism Corporation of Cartagena de Indias, and the Maritime Directorate; 4,200 million pesos ($2.4 million USD) was invested. For the initial distribution 8,000 copies were printed; 6,000 in English and 2,000 in Spanish.

 

Colombia impulsa turismo náutico para crear 15 mil nuevos empleos

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Read more:  Colombia impulsará turismo náutico para crear 15 mil nuevos empleos – Noticias de turismo – arecoa.com.

2012-06 Cartagena (62)

El Ministerio de Comercio, Industria y Turismo de Colombia se ha propuesto dentro de sus prioridades contribuir a la creación de 15 mil nuevos empleos en el litoral Caribe colombiano, mediante el impulso al turismo náutico.

Con el objetivo de alcanzar esta meta, la entidad lanzó la Guía Náutica Turística de Colombia, ya que sus páginas recogen las cartas de navegación para el ejercicio de la actividad de veleros y yates, así como una completa información de los servicios, y los sitios turísticos a visitar en cada uno de los puertos de atraque, según la prensa colombiana.

Con la guía se busca promover al país como un destino para embarcaciones y veleros, aprovechando los 2.900 kilómetros de costa: 1.600 kilómetros en el Mar Caribe y 1.300 kilómetros en el Océano Pacífico, que tiene Colombia.

El segundo paso será la creación de marinas, así como la reglamentación de la venta de servicios en las mismas, proyecto que el Gobierno pretende impulsar.

En la publicación en la que participaron el Fondo de Promoción Turística, la Corporación de Turismo Cartagena de Indias, y la Dirección Marítima, se invirtieron $4.200 millones. Para su difusión fueron impresos 8.000 ejemplares; 6000 en ingles y 2.000 en español.

Aerolínea JetBlue ofrecerá vuelo directo entre Florida y San José a partir de junio – El Financiero

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Published on: 2013/01/21

Lea más:  Aerolínea JetBlue ofrecerá vuelo directo entre Florida y San José a partir de junio – El Financiero.

La aerolínea estadounidense JetBlue iniciará un vuelo directo entre  Fort Lauderdale, Florida y el Aeropuerto Internacional Juan Santa María, Costa Rica.

El servicio comenzará a partir del 27 de junio del 2013 y estará sujeto a la aprobación gubernamental.

La línea aérea opera en el país desde marzo del 2009 cuando inauguró un vuelo diario entre Orlando y San José. Para el 2012, JetBlue abrió otro servicio entre John F. Kennedy de Nueva York y el Aeropuerto Daniel Oduber en Liberia.

El vuelo operará aviones Airbus A-320 que tienen una capacidad para 150 pasajeros. 

El servicio saldrá de Florida a las 9:45 am y llegará al Aeropuerto Juan Santamaría  a las 10:39 am. Por otra parte, saldrá de Costa Rica a la 1:00 pm y se estima que llegue a Florida a las 6:09 pm.

JetBlue Airlines Starting Non-Stop Flights to San José

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Published on: 2013/01/21

Read more:  Aerolínea JetBlue ofrecerá vuelo directo entre Florida y San José a partir de junio – El Financiero.

 

The U.S. airline JetBlue will begin direct flights between Fort Lauderdale, Florida and the Juan Santamaria International Airport (San José), Costa Rica.

The service will start from June 27, 2013 and subject to government approval

The airline operates in the country since March 2009 when it inaugurated a daily flight between Orlando and San Jose. For 2012, JetBlue opened another service between John F. New York Kennedy Airport and Daniel Oduber in Liberia.

The flight will operate Airbus A-320 aircraft with a capacity for 150 passengers.

The service will leave Florida at 9:45 am and arrive at Juan Santamaría Airport at 10:39 am.  The return trip will leave Costa Rica at 1:00 pm and is estimated to reach Florida at 6:09 pm; times will vary depending on Daylight Savings in the USA.

Boat sales jump 10% this year; Rise expected to continue

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Published on: 2013/01/18

Boat sales jump 10% this year – Business – MiamiHerald.com.

Read more at:  http://www.miamiherald.com/2012/12/17/3142256/boat-sales-jump-10-this-year.html

Fort Lauderdale International Boat Show 2012

 

Sales of new recreational powerboats are estimated to be up by 10 percent in 2012, according to the National Marine Manufacturers Association.

“We are pleased to see the industry growing,” NMMA president Thom Dammrich said. “Our projection is the industry will grow in 2013 by another 5 to 10 percent.”

Dammrich said the level of growth depends on conditions like consumer confidence and the housing market — and sustained increases in Americans’ participation in outdoor recreation.

The 2012 projections represent the first signs of steady growth across the powerboat market since the economy hit bottom in 2008-09 and new boat production dropped 80 percent. Even now, Dammrich, said production and retail sales are only about half of what they were during the peak in 2007.

Fueling the growth in new boat sales are purchases in the 15- to 26-foot range, which make up 96 percent of the 12.4 million boats registered in the U.S., according to the NMMA. While the numbers are up in almost every segment of the industry, the toppers are pontoon boats.

Read more here: http://www.miamiherald.com/2012/12/17/3142256/boat-sales-jump-10-this-year.html#storylink=cpy

 

Tourism Opportunities to Central America Increases

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Published on: 2013/01/11

Despite the downturn in the major economies, more and more tourists traveling the globe are looking for the kind of experiences that Central America has to offer.

 

The opportunities are there. Demand for tourist destinations such as the ones Central America can offer is firm and is increasing every year.

What is essential is that the quality of tourism services on offer be increased, particularly ensuring that tourists are not affected by the criminal violence that pervades the region.

A statement from the World Tourism Organization (UNWTO) reads:

Tourism grows in the world despite the international crisis
International tourist arrivals grew by 4% a year worldwide between January and August of 2012 and is nearing for the first time the 1,000 million mark for December, said the World Tourism Organization (UNWTO).

According to the UN agency, tourism figures climbed 5% in emerging economies, compared with 4% in developed countries.

The WTO, which predicts an overall growth of no more than 4% for the year, said Chinese spending on travel abroad grew significantly.

Source: CentralAmericaData.COM

 

 

 

 

Source:  http://www.centralamericadata.com/en/article/home/Opportunities_in_Tourism

NBC Sportfishing Highlights Nicaragua in January

TREASURES OF RIO SAN JUAN, NICARAGUA

Air Date: 1/20/13

Guest host John Frazier takes a trip into the wilds of central Nicaragua in search of the giant tarpon that live in the Rio San Juan, which flows southeast out of Lake Nicaragua toward the Caribbean Sea. Tag along with Frazier as he and guide Allan Tisseaux hunt these monster fish in a beautiful and untamed part of the world.

 

HERE IS A PREVIEW:

 

2013/01/11

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Published on: 2013/01/11

NBC Sportfishing in Costa Rica January 13 9:30 AM

NBS Sports

Sport Fishing Television

Watch New Episodes of Sport Fishing Television on NBC Sports Starting This Sunday

Airing Sunday, January 13 at 9:30am EST on NBC Sports Network

John Brownlee and the SFTV crew travel south to the famed Osa Peninsula, to fish the Pacific Ocean out of the famous Crocodile Bay Resort in Puerto Jimenez

 

 

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