The TLA Times

December 30, 2016


 
Snap shot

Adjusted net national per capita income in Brazil

 


Figures in 2010 U.S. dollars, rounded to nearest dollar. Source: data.worldbank.org.

  
  Exchange rate
Currency
Per US Dollar
Argentine Peso
15.70
Belizean Dollar
2.01
Brazilian Real
3.28
Bolivian Boliviano
6.93
Costa Rican Colon
550.96
Chilean Peso
658.76
Colombian Peso
3,026.08
Cuban Peso
26.50
Dominican Peso
46.54
Guatemalan Quetzal
7.50
Haitian Gourde
67.38
Honduran Lempira
23.47
Mexican Peso
20.69
Nicaraguan Cordoba
29.32
Panamanian Balboa
1.00
Paraguayan Guarani
5,798.18
Peruvian Sol
3.35
Uruguayan Peso
28.95
Venezuelan Bolivar
9.95


Figures from December 28, 2016  Source:  www.xe.com

FUN IN THE SUN

Over the water bungalows in Belize
Located on a private island along the Belize Barrier Reef, Thatch Caye boasts of bungalows over the water. The resort limits the number of guests to 26 at any one time. Thatch Caye offers scuba and fishing expeditions. Details
 
   


 



THE REGION                                                                                         
Pepsi pledges to replenish watersheds  in Latin American
The Guardian reports that Pepsi promises to put water back in the watersheds in Latin American countries where it operates bottling plants. This comes as a contrast to rival Coca-Cola, which drew heated criticism after it was revealed its water restoration projects didn't restore in the exact spot where it was taken. Details

BRAZIL

Brazilian firms agree to pay record $3.5 billion in corruption case
Reuters reports via the St. Louis Post-Dispatch that construction company Odebrecht SA and affiliated petrochemical company Braskem SA will pay at least $3.5 billion to resolve charges of breaking U.S. foreign bribery laws. The agreement is part of a deal with authorities from the U.S., Switzerland and Brazil in connection with political kickbacks at Brazil's Petrobras. Some of the bribes used the U.S. banking system, giving courts here jurisdiction. Details


VENEZUELA

Military troops force shops to cut prices by as much as 80 percent
Bureaucrats who regulate prices visited retailers in shopping districts frequented by tourists before Christmas to make sure mandated price cuts were enforced, Q Costa Rica reports. Generally these mandates have been ignored. But this season the officials brought soldiers with them. Details
 

MEXICO

Auto sales in November jump 23 percent over previous year
Auto News reports that despite rising interest rates and a weak peso, light truck and auto sales in Mexico was up 23 percent. For the first 11 months, auto sales were up 19 percent. Nissan continues to hold the largest market share with 25 percent. Kia, which opened its first factory in Mexico, has only a 3.7 percent share, but its sales grew 500 percent. Details


Mexico gas prices rising by a fifth
Mexico is attempting to deregulate its oil and gas industries and the latest move was to announce a 20.1 percent hike on gasoline, the Business Times reports. Prices for diesel are going up by 16.5 percent. And there's more to come. Starting Feb. 18, the government price ceiling will be adjusted every 24 hours. In March the plan is let supply and demand dictate the price, first in Sonora and Baja California, and eventually throughout the country. "We are going to divorce the price of oil from fiscal and political considerations," Finance Minister Jose Antonio Meade said in a radio interview. Details











 





 




  

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