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Guatemalan Coast Guard Ships Arrived in Cuban Port
Havana, May 21 (Prensa Latina) Guatemalan coast guard ships Tecn Umn and Gucumatz, from the Guatemalan National Defense Army, arrived in the port of Havana Tuesday in an official visit. The arrival is part of an instruction trip for the cadets of the Guatemalan Naval School. After sailing for two days the captains and crew members of the two ships were received by Ship Captain JuanMaceda Garcia ...
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Former Guatemala dictator found guilty of genocide
Former Guatemalan dictator Efrain Rios Montt attends the last session of his genocide trial at the Supreme Court of Justice in Guatemala City on May 10, ...
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Guatemala strikes down ex-dictator’s conviction
Guatemala's Constitutional Court on Monday struck down the 80-year sentence given to former dictator Efrain Rios Montt as well as his conviction for genocide and war crimes.The ruling, by three votes to two, annulled all proceedings that took place after the trial was temporarily halted on April 19 due to a technicality.This overturned the May 10 conviction but left most of the trial and ...
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Fitch Assigns IDR of BB- to Banco de los Trabajadores in Guatemala
Accounting Rules May Encourage Short-Term Leases The latest lease-accounting proposals from international and U.S. standard-setters, designed to aid transparency and consistency, may encourage companies to shift to short-term leases or structure agreements as service contracts, Fitch Ratings says. This could mean that fewer leases than originally anticipated will be brought onto the balance ...
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Philip Morris to buy out Carlos Slims stake in Mexican JV
from their Mexican joint venture for about $700 million (462 million pounds).Grupo Carso will sell its 20 percent stake in Philip Morris Mexico in a deal that the U.S. company said would add marginally to its earnings per share in the fourth quarter.Philip Morris said the agreement was subject to final price adjustments based on the Mexican unit's performance over a period of time."We ...
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New construction in tourism industry – signs of recovery or misplaced optimism?
The whole of Central America has been affected by the global downturn. One of the industries effected most has been tourism, and while many construction and expansion projects were planned during the heady days of 2007 and early 2008, the region may now be facing a huge oversupply problem in terms of hotel accommodation, although there are signs of light on the horizon.
In 2006, the Tourism Ministers of various countries in the region came together at San Ramon for a conference and told Central American news providers that the tourism industry for the region as whole had grown by an average of 11%, which account for, on average, 5% of the region’s GDP for that year, in addition, there was astounding growth in the number of European tourists travelling to Central America, a 147% increase in fact. Read more
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