Latest Central America News
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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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RSSLooking at El Salvador
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El Salvadorian village getting outside help with water needs
A non-profit organization, the Minnesota State Mankato chapter of Engineers Without Borders (EWB) has set their sights on El Salvador and will be travelling to a small village in Piedras Azules to help the local community with their water access needs.
The problem is that in the village in Piedras Azules there is just one water source with unreliable water access as the water table changes depending on the time of year and the weather. This leads to long queues at the well, with some residents sometimes waking up at midnight to beat the water rush. Read more
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