A consortium consisting of Van Oord and BAM International, has been awarded the contract for the design and construction of Phase 2A of the new container terminal for APM Terminals in Moín, Costa Rica. The total contract value amounts to USD 460 million which is split between Van Oord and BAM International on an almost equal basis. It will take the consortium approximately three years to complete the project. Continue reading “Van Oord, BAM International to build new APM container terminal in Costa Rica”
Foreign direct investment (FDI) to Latin America displayed moderate growth in the first half of this year, compared with the year-earlier period in 2012, according to the Economic Commission for Latin America and the Caribbean (ECLAC). The 13 countries of the region that provided data received 102.951 billion dollars, which was 6% higher than the first six months of the previous year.
The main recipient was Brazil, which received 39.014 billion dollars between January and August 2013, which was 10% lower than the sum received in the year-earlier period. This fall was concentrated in the iron and steel, food and beverage and financial services sectors (which had undergone major business acquisitions in 2012). Continue reading “Foreign Direct Investment Flows to Latin America Rose by 6% in the First Half of 2013”
Latam forecasts go from rates at or below 1 percent for Jamaica and Venezuela, to Asian-style growth rates of 5.5 and 8 percent for the two best performers in the region in the past decade, Peru and Panama, respectively. Reassuringly, a good number of mid-sized Latam countries (such as Argentina, Chile, Colombia, Costa Rica, Ecuador, Guatemala, and Uruguay) are beating the regional average, with growth rates in the 3-4 percent range. Regrettably, the region’s giants, Brazil and Mexico, are growing below the average, with Mexico’s growth falling below 2 percent despite the ongoing wave of reforms fueling investor optimism. Continue reading “Peru, Panama are Latin America’s fastest growing economies”
The October 4th Edition of Brazil Weekly is ready for you, with Marina Silva’s party barred from elections, Google, FB and Twitter facing high Brazil cost, foreign diploma’s accepted, Shell producing oil at new location, TAM saves on airco use, the Soan Highway, Odebrecht bets on Mexico, trade surplus increasing, Moody’s sees lower economic outlook, Curitiba stadium works halted and of course much more…
The OECD set out a clear path for Colombia’s accession to the Organisation, reinforcing its commitment to further extend its global membership to include more emerging economies. The 34 OECD Members approved on 19 September a Roadmap to accession for Colombia establishing the process and setting out the terms for Colombia’s future membership. This follows the political decision taken at the OECD Ministerial Meeting in Paris in May. Continue reading “OECD sets out roadmap for Colombia membership”
In the first week of August the Mexican Navy (Secretaria de Marina) and Damen Shipyards Group signed a contract for a fourth Damen Stan Patrol 4207. The Dutch ship design and shipbuilding company will supply the Mexican Navy with the design and material package with which ASTIMAR 1 (the Mexican Navy yard in Tampico) will build the patrol vessel. In addition, Damen will assist ASTIMAR 1 with technical support in order to optimize the delivery time and quality of the vessel.
The Damen Stan Patrol 4207 is designed to perform patrol duties in coastal areas and the economic exclusive zone. Other clients who Continue reading “Fourth Damen Stan Patrol for Mexican Navy”
OMA’s New York office has been selected in an international design competition to masterplan 680 acres of mixed use development in Bogotá consisting of government offices, residences, educational facilities, cultural venues and retail. The design was led by partner-in-charge Shohei Shigematsu.
The Bogotá Centro Administrativo Nacional (CAN) is positioned as a new civic center, located at the midpoint of Calle 26 Avenue, the city’s main axis that has symbolically charted its growth from the historic downtown to the airport and the international gateway of Colombia. With a footprint as large as the National Mall in Washington DC, this new city center will serve as the city’s government headquarters, with additional mixed use programs of residential, educational, retail and cultural developments.
Shohei Shigematsu, director of OMA New York, commented, “Our proposal enables CAN to be a lively node, providing a Continue reading “OMA appointed to masterplan the Bogotá Centro Administrativo Nacional (CAN), Colombia”
By Arnout Nuijt
Late Thursday night news broke that Dutch telecoms firm KPN had activated its firewall against a hostile takeover by Mexican magnate Carlos Slim. A foundation, led by a handful of venerable representatives from Dutch business circles, exercised its right to emit emergency shares that would give it nearly 50% of voting rights on KPN’s board. Such foundations are commonplace among Dutch larger companies, as the country’s economic establishment abhors takeovers that have not been the result of lengthy negotiations with shareholders, management and employees.
Mr Slim could and should have known. Was he misinformed or did he believe that he could pull this off, just as he had pulled off other takeovers? Was this miscalculation the result of a magnate’s autocratic management style or just plain hubris of the world’s richest man? The thing is when Dutchmen or other Europeans intend to invest in Mexico, Brazil or other places, they are told to get themselves acquainted with local business styles, to get a local partner who knows the specific particularities of the market and who has an excellent network. The potential investor is also told that he will be in for the long run and he should take his time. Do Latin American investors receive similar advice about investing in the Netherlands? If not, they should. Continue reading “Why Carlos Slim will fail to win KPN”