Displaying items by tag: increase
In a context of weak economic recovery, Latin America and the Caribbean received US$142 million in Foreign Direct Investment (IED) in 2021, 40.7% more than in 2020, but this growth was not enough to reach pre-pandemic levels, the Economic Commission for Latin America and the Caribbean (ECLAC) reported today through a press release that reports the main conclusions of the annual report Foreign Direct Investment in Latin America and the Caribbean 2022.
According to the recent study "3rd Country Situation Report 2022" by Universidad Francisco Gavidia (UFG), there is a strong increase in the price of the basic food basket, especially in rural areas.
During the first five months of this year, more than 7,000 people managed to get a formal job in the private sector. An average of 1,400 per month, thanks to the favorable conditions and stable climate perceived in El Salvador.
The Ministry of Finance (MH) indicated that the collection of Income Tax (ISR) accumulated US$1,909.7 million in the period from january to july 2022.
Danilo Pérez, director of the Centro para la Defensa del Consumidor (CDC), informed this morning that the products to make french bread or sweet bread have increased, in the case of vegetable butter, the 50 pound box in may 2021 cost US$26 and as of july of this year it is at US$55.50, that is an increase of 113%.
Tax revenues exceeded expectations in the first semester of the year showing a growth of US$581.9 million with respect to 2021, according to the latest report from the Ministry of Finance.
The Cámara de Comercio e Industria de El Salvador (Camarasal), explained that total credits, as of may 2022, presented an increase of 8.5% compared to the same month of the previous year, and particularly those destined to the productive sector grew 49.5% for the same period.
The Mesa Nacional de Panificadores Artesanales, affirms that due to the price increases in flour prices will affect the cost and size of French bread.
The Ministerio de Agricultura y Ganadería (MAG), said that the application of the seed treater and foliar fertilizer will guarantee that around 600,000 small corn producers will have a very good harvest during the 2022-2023 productive cycle.
Due to the high increases in food prices, corn is one of the essential products of the basic food basket that is going through the hikes that inflation is generating worldwide.