Is the world prepared for the coming wave of debt crisis?
Written by Evelyn AlasAccording to an analysis conducted by the World Bank, between higher inflation, slower growth, tighter financial conditions, there is a fourth element, however, that could make the situation explosive and that is the high debt of emerging markets and developing economies.
US$1,668,448,574.20 have been traded so far this year at the El Salvador Stock Exchange
Written by Coralia CuellarIn spite of the inflation generated by the conflict between Ukraine and Russia, the increase in prices of several products, and the rise in interest rates, negotiations at the El Salvador Stock Exchange (BVES) continue to be dynamic in a higher proportion in the second quarter of 2022.
Favorable opinion for tax amnesty that could raise US$40 million in taxes
Written by Evelyn AlasApproximately US$40 million in taxes could be collected by the Ministry of Finance through the proposed Special Transitory Law for the Voluntary Compliance of Tax and Customs Obligations, in which the deputies of the Treasury and Special Budget Committee issued a favorable opinion.
Ministry of Finance hands over remodeled offices of the Centro de Atención Exprés, in Soyapango
Written by Evelyn AlasThe Minister of Finance, Alejandro Zelaya, delivered this morning the remodeled offices of the Centro de Atención Exprés, in Soyapango. The facilities provide a safe environment and optimal conditions for an excellent attention to users.
Commercial insurance prices in Latin America moderate, with increases of 5%.
Written by Evelyn AlasGlobal commercial insurance prices increased 9% and in second quarter2022 (versus an 11% increase in Q1 2022), according to the Global Insurance Market Index, continuing a trend of moderating rate increases that began in first quarter 2021.
Huawei to continue leading the network base station market in 2022
Written by Evelyn AlasChinese technology giant Huawei, remains the leading global provider of cellular base stations, with a 29.0% share during 2022, according to the latest data released by market researcher TrendForce.
Garments, textiles and plastics are the most exported from january to july 2022
Written by Evelyn AlasThe President of the Banco Central de Reserva (BCR), Douglas Rodriguez, informed this morning that the accumulated exports from january to july 2022 grew 17% compared to the same period last year.
Current and savings deposits up, but time accounts down
Written by Evelyn AlasEconomic expert and consultant, Otto Boris, informed through his Twitter account that deposits for current and savings accounts have increased at a lower rate, but term deposits have stagnated.
To strengthen financial liquidity of Central Banks in the region, CABEI increases credit line to US$500 million
Written by Evelyn AlasIn order to support the liquidity management of the Central Banks of the founding and non-founding regional member countries of the Central American Bank for Economic Integration (CABEI), the multilateral development institution approved the expansion of the Credit Program from US$200 million to US$500 million for each eligible country.