The Free Trade Agreement (FTA) between Panama and Honduras took effect on Friday, which will facilitate the circulation of 80 percent of the goods between both countries, the Panamanian Ministry of Commerce and Industry (Mici) said, Xinhua reported. According to Mici, the commercial agreement will allow the free circulation of goods, intensify the services sector […]
Honduran union leaders and government authorities questioned the decision of some representatives of the business sector to impugn the new minimum wage. The Minister of Labor, Mayra Mejia, criticized the determination of members of the Honduran Council of Private Enterprise (COHEP) and considered that business executives should understand the cost of the basic food basket […]
Honduras’ leftist president has raised the minimum wage in urban areas by about 60 percent, but businesses say they cannot afford to pay it. President Manuel Zelaya set the new rate after talks broke down with business leaders. The increase in monthly wages from $181 to $289 went into effect this month. Amilcar Bulnes is […]
More than 200 Caymanian and Honduran passengers have been stranded for nearly three weeks after Atlantic Airways failed to operate its scheduled flights. Honduran airline passengers stranded for weeks descended on the Legislative Assembly on Friday morning to demand help to return home. Despite assurances from Minister Charles Clifford that a contract could be signed […]
Central American presidents met in the Honduran city of San Pedro Sula and ratified their determination to seek regional integration as the way to unite against the world economic crisis and move towards a common currency. The 33rd Summit of the Central American Integration System, or SICA, ended Friday with a joint press conference, at […]