Honduras News – Daily News about Honduras

Tania Lobo de Quinonez, the daughter of President Porfirio Lobo Sosa, yesterday was named Director for Honduras to the Central American Bank for Economic Integration (BCIE). She will hold this position for a period of three years.

Ms. Lobo Quinonez’s career in the Central American Bank for Economic Integration (BCIE) goes back eight years, and she served as Assistant to the Director for Honduras to the BCIS during Eduardo Membreno Tosta’s appointment.

She has said that the post-crisis period has been good because it has made Honduras reflect and identify new opportunities, and “The BCIE has seen the importance of our role in the region, and we are committed to putting our best efforts into moving the country forward.”

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The Honduran government has authorized a third straight cut on oil products beginning on Monday.

According to preliminary figures, a gallon of super gasoline would drop 17 cents, regular gasoline would be reduced by 10 cents, and diesel will be costing 13 cents less.

In Tegucigalpa, service stations will be selling fuel at the price of 68.56 for super, 64.11 for regular, and 57.18 for diesel fuel.

Despite the objections to the new formula, the current administration is overriding the Decree PCM-M-37-2009, in force since December 16th of last year, which urged no changes for the consumers in the price of fuels, mainly super gasoline.
The Petroleum Technical Unit (UTP) will be maintaining the system for setting the weekly fuel structure.

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The Honduran Council of Private Enterprise (COHEP), will support the adoption of a tax amnesty for businesses and individuals to pay taxes owed to the state. The tax amnesty will only address the payment of penalties, surcharges, and interest in arrears.

Private companies are hopeful that Congress approves a tax amnesty for all those companies that have been affected by the economic crisis and could not pay their taxes.

“It would be a sensible step, an amnesty would encourage the payments, taking into account that income and tax revenues fell by more than five billion lempiras,” said the adviser of COHEP, Norman Garcia.

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The World Bank announced today that will be sending development aid to Honduras that it was stopped after the political crisis began at the end of June.

World Bank Managing Director, Juan Jose Daboub, held a news conference in Tegucigalpa and said that the bank would restore one planned loan of $270 million and add $120 million in new credit, for a total of $390 million for Honduras, following the inauguration of President Pepe Lobo.

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