Travelucion’s revenue has increased 318 percent for October due to America's shift in its Cuban foreign policy. MPH Ventures Corp., which owns Travelucion, has seen its revenue increase on its CAD in the last year: in 2014, its CAD revenue was $43,755 compared to $183,062 in 2015. The revenue continues to increase since tourists have a newfound interest in Cuba. Read More »

Two large industrial land projects were acquired by FIBRA Macquarie Mexico, after an agreement was met to purchase the properties in Ciudad Juarez. The two projects and associated land cover about 380,000 square feet and were purchased for $21.7 million in Mexico. FIBRA Macquarie could expect to get $1.8 million in revenue. The sale of the property is expected to close in 2016. Read More »

Urban Cultivator is now in the Central American hydroponic gardening equipment arena due to their Panama distributor. The distributor will look to increase the presence of Urban Hyrdroponics’ products, which includes gardening equipment. Twenty Urban commercial units and four residential units have been created, with a Living Produce Aisle Store scheduled to open in 2016. Read More »

Health consulting company Mercer is attempting to acquire Brazilian retirement consulting firm GAMA Consultores Associados. “Growth in the Brazilian market is part of our aim to bring innovative and market-leading solutions to clients everywhere they operate,” David Anderson, president, Growth Markets Region for Mercer, said. Both companies are set to benefit from the deal. Read More »

Aeromexico will offer four non-stop flights a week from Mexico City to Santo Domingo beginning next March. Santo Domingo will be the 16th location that the airline will offer in Latin America. The new flight will reduce the flight time between the cities as well as reduce connection times to other large American and Mexican cities. Aeromexico will use the Embraer 190 plane. Read More »

The sampling site at the La Cigarra Silver Project in the Chihuahua State of Mexico is one of many close to the NI 43-101 silver resource. Northair is sampling rocks in the area as well as mapping regions that could contain gold and silver deposits before beginning to drill. Plans call for sampling an area of 722 feet wide and 1,558 feet long for potential drilling targets. Read More »

Montreal-based Mobi724 Global Solutions’ subsidiary, Mobi724 SRL, has entered an agreement with Spanish mobile phone operator Movistar, operating across most of Latin America, for Mobi724 to create and manage Movistar’s customer discount and rewards program. Mobi724 is a digital incentive and payment technology provider in the digital incentives, couponing and payment sector. Read More »

Donaldson Co. Inc. announced Thursday that it will open two distribution centers in Colombia. “The opening of two new distribution centers in Colombia further enhances our ability to meet our customers’ needs for industrial and engine filtration solutions by enabling faster service and allowing for an even higher level of personal attention,” Guillermo Briseño said. Read More »

ChannelAdvisor and Latin American e-commerce site iguama announced Wednesday that they have reached a partnership to connect customers to U.S. brands not available in the region. The mall offers club membership that allows Latin Americans to access U.S. goods without extra costs associated with shipping and importing across national borders. Read More »

Potentially providing 35 new locations in Mexico, The Children's Place -- North America’s largest pure-play children's specialty apparel retailer -- signed a franchise agreement with El Palacio de Hierro, the company announced Thursday from Secaucus, New Jersey. "We are excited to be partnering with El Palacio de Hierro,” Jane Elfers, The Children's Place president and CEO, said. Read More »

The Latin Trade Group unveiled its annual list of leading businesswomen Thursday from Miami, commending recipients’ executive and financial leadership through ever-changing economic trends and honoring achievement in what is still a primarily male-dominated market. Based on that status, many of the honorees promote and support fellow female entrepreneurs through their work. Read More »

PriceSmart announced Thursday that it has opened a warehouse club in Managua, Nicaragua, the second warehouse club in the nation that will bring the company’s total operational locations to 38. Warehouse clubs operated by PriceSmart are clubs that offer merchandise at special prices to those who have memberships. The company operates locations in Latin America and the Caribbean. Read More »

The Organization of American States and the Pan American Development Foundation will be developing new community centers in Colombia for youth, they announced on Friday. The agreement was made following an investment of $1.7 million from Colombia. Through a partnership between PADF and Colombia’s Ministry of Foreign Affairs, there have been 22 community centers built. Read More »

The credit ratings agency Fitch Ratings contends that the improvement of the U.S. economy and low oil prices could improve credit ratings throughout Central America. In addition to more potential capital flowing in from a healthier U.S. economy, falling oil prices will benefit the region's oil importers who could take the economic torch from commodities exporters. Read More »

Calibre Mining Corp. and Canterra Gold Inc. have begun drilling at the La Luz Gold-Silver Project in northeast Nicaragua. The companies will drill approximately 4,900 feet through five holes, focused on the Cerro Aeropuerto portion of the La Luz mine, where there are an estimated 707,750 oz of gold and 3.1 oz. of silver in just over 6 million tons of graded materials. Read More »

MPH Ventures Corp. completed a deal for a 20 percent share of Travelucion. MPH bought its share from a Travelucion shareholder for just under $76,000 and 4 million shares of MPH. Travelucion dominates the online market for promoting Cuban travel, owning 432 web assets that promote more than 60 major destinations in Cuba and accounts for more than 30 million page views per year. Read More »

Pablo Strika will be the new Vice President of Sales for Central and Latin America for software designer Metaswitch. Strika has held several positions with a variety of technology and communications companies, including Mavenir Systems, Aricent, and most recently, Alcatel Lucent, where he worked as director of Services Sales. Metaswitch VP Ben Miller congratulated Strika. Read More »

JDA Software Group recently opened a 24-hour customer support center in Monterrey, Mexico. The "Center of Excellence" is the company's fourth worldwide and first in Latin America. It will provide customer support for customers in the United States, Canada and Latin America. JDA's three other Centers of Excellence are in Bangalore, India; Hyderbad, India; and Warsaw, Poland. Read More »

Arena Minerals and Teck Mining signed a joint agreement Oct. 23, giving Teck a 60 percent share in one of Arena's Atacama Copper ventures. The agreement covers the Solitario and Paciencia North prospects in Antofagasta, Chile. Teck will have a $19.5 million buy-in over six years in exchange for shares. The deal comes with options for Teck to acquire majority interest in the property. Read More »

The Economist will sponsor a summit of policymakers and business leaders from the United States and Cuba on Dec. 3 in D.C. The meeting will focus on clarifying the warming of diplomatic relations between the two countries for businesses and investors. Speakers will discuss the short- and- long-term risk outlook for investors interested in the Cuban market. Read More »