Colombian companies face rising taxes as government oil revenue drops

Colombian companies face a challenging scenario as the country´s government, hit by declining oil-related revenue, is increasing taxes to try to offset lost income. Oil related revenues account for a large percentage of government income, so the decline in oil prices “left an important hole,” Natalia O'Byrne, director of Fitch Ratings Colombia, told Latin Business Daily. Read More »

UTi Worldwide opens new contract facility in Mexico

UTi Worldwide, aiming to strengthen its growth in Mexico, recently opened a new contract facility in Irapuato. The 8,200-square-foot facility has capacity for 2,800 pallets and the potential for rapid expansion. The multi-client warehouse space offers room for valued-added contract logistics including vendor-managed inventory, sub-assembly, kitting and other services. Read More »

Chilean Metals enters into acquisition agreement with Cogonov

Chilean Metals Inc. recently entered into an agreement to acquire four IOCG projects from Cogonov Inc. The projects -- Fox River, Lynn, Parrsboro and Bass River -- have been the subject of major exploration over the last several years by Cogonov and Minotaur Atlantic Exploration Ltd. The initial agreement letter will eventually be replaced with a definitive agreement. Read More »

Trevali Mining reports positive results from Santander mine

The Trevali Mining Corp. has announced the results of five drilling experiments from its 2015 exploration project that was designed to test and probe deeper levels inside the Fatima and Magistral Central Zones, both of which are in the Santander Zinc Mine in Peru. All five of these drill holes managed to intersect with findings of lead, silver and zinc mineralization. Read More »

Easy Taxi founder named Latin Trade’s Young Leader of the Year

Tallis Gomes, founder of Easy Taxi, was recently named Young Leader of the Year at the 2015 BRAVO Business Awards hosted by the Latin Trade Group. "Tallis Gomes is the first person to receive the Young Leader of the Year Award, a new category of the BRAVO Business Awards which highlights the role of Latin Americans under 40," Latin Trade CEO Rosemary Winters said. Read More »

JetBlue adds second weekly nonstop flight from New York to Havana

JetBlue and the Cuba Travel Services (CTS) announced today the addition of a second nonstop JetBlue flight connecting New York's John F. Kennedy International Airport (JFK) and Havana's José Martí International Airport (HAV). After travel restrictions were eased this year, JetBlue and CTS initiated the first Havana-bound flight from New York City on a major U.S. airline. Read More »

DishLATINO named Top Marketer to Hispanic Audiences at Portada awards

DishLatino was recognized as Top Marketer to Hispanic Audiences at the Portada Hispanic Advertising and Media Awards held this month in New York. The media awards recognize companies that have performed significant work for Hispanic marketing. DishLatino's 2014 marketing campaign presented four videos that described a central character's move from Mexico to the United States. Read More »

Manhattan Associates, Kajera team as channel partners in Brazil

Manhattan Associates last week announced that Kajera, a market-leading software company, has become a channel partner to sell and implement its solutions in Brazil. This initiative strengthens Manhattan’s growing presence in Latin America, where it is working with the region’s leading brands in retail, consumer packaged goods, logistics services and manufacturing. Read More »

Discover the World teams with RentingCarz in 13 Latin American countries

Discover the World has collaborated with RentingCarz, an online car rental platform, to work as a sales agent in 13 Latin American countries. "Working with Discover the World, we are poised to make great inroads in increasing car rental penetration," RentingCarz CEO Grace Villamayor said. Discover the World has earned a reputation as a leader in global travel distribution. Read More »

JinkoSolar to supply solar modules to plant in Mexico

JinkoSolar Holding Co., Ltd., a leader in the solar photovoltaic (PV) industry, said Monday it will supply PV solar modules to TSK Electronica y Electricidad, S.A. for the largest solar PV plant in Mexico. The solar PV plant is located in the state of Durango. Eosol Energy de Mexico, S.A.P.I. de C.V. is the developer for the Durango TAI solar plant, and TSK will be managing the project. Read More »

Sutherland Global Services opens new center in Brazil

Sutherland Global Services will open a new facility in Itajai, in the state of Santa Catarina, Brazil, and, with an area over 1.518 square-meter, the new center will initially hire 75 employees; the facility exists with the purpose of strengthening and improving the Sutherland iBPO network capacity, in addition to enabling the company to offer its clients end-to-end BPO services. Read More »

Colombian developer Juan Carlos Gonzalez to open luxury condos in South Florida

The Colombian mega-developer Juan Carlos Gonzalez is launching his first venture in the South Florida condominium market with the luxury condo development Bijou Bay Harbor that is planned for Bay Harbor Islands; Gonzalez's U.S. development company Ability by Acierto will begin pre-sales this season and break ground early next year, as the company has partnered with Conexo Inmobiliario, founded by Andres Arias Gutierrez, who will serve as the president of new developments for Ability by Acierto. Read More »

G6 Hospitality continues expansion into Latin America

G6 Hospitality will open its second Studio 6 in Puerto Vallarta, Mexico, and its first Hotel 6 property in Santa Cruz, Bolivia; Studio 6 is expected to be open in 2016 and will be located near beaches and historical sites in Puerto Vallarta, and it will offer guests 115 fully equipped suites, including an expanded working area, premium channels, laundry and various other facilities that will be provided for an accessible price. Read More »

NTT Communications to sponsor 2 key events for wholesale IP industry

NTT Communications Corp. today announced that the company is participating in two major events for the Latin American wholesale Internet protocol (IP) industry in Bogota, Colombia. The company is sponsoring the Latin American and Caribbean Internet Addresses Registry 24 – Latin American and Caribbean Network Operators Forum 2015, which takes place from through Friday. Read More »

MercadoLibre granted software development tax benefits

MercadoLibre recently received approval for income tax and payroll exemptions from the Argentine Industry Secretary under a new software development law, guaranteeing the company a reduction of the effective income tax rate for its operations and a reduction on labor costs. Among the benefits is relief of 60 percent of taxable income stemming from software development. Read More »