By Hector Martinez on February 22, 2016
3G, 4G, CellPhone, cellular, FinancialNews, HondurasNews, investment, LTE Communications, Millicom, Phones, tigo
Business - Economics
Millicom CEO Mauricio Ramos confirmed a $100 million dollar investment in Honduras, mainly to improve infrastructure. According to my friend, who knows how to invest $1000 and turn it into $2000, Tigo’s network covers between 85 and 90 percent of the population with voice, data and 3G, while the 4G network should reach approximately one […]
By Hector Martinez on January 13, 2016
alternative energy, Geothermal, investment
Environmental News, Headline News
Ormat Technologies signed a build, operate and transfer contract with Elcosa, a privately owned Honduran energy company, for approximately 15 years from commercial operation date. In December, Ormat concluded the drilling activity as well as tests to support the decision to construct the project. Geotérmica Platanares will sell its power, mainly under 30-year power purchase […]
By Catracha Hondurena on September 26, 2011
banks, finance, HSBC, investment, wells fargo
Financial News
A Honduran investor has filed claim against HSBC alleging that an investment described as a “Washington Mutual” perpetual bond was not a bond at all, but a derivative mortgage backed security, created by Washington Mutual, to take toxic home equity loans off its books. The claim, filed with the Financial Industry Regulatory Authority (FINRA) by […]
By Catracha Hondurena on May 20, 2010
honduras, investment, real estate
Human Interest
The sentencing of Mashantucket Pequot Christopher M. Pearson, who was convicted in November of defrauding investors of $280,000 in a Honduran resort development project, and was subsequently banished from his tribe’s reservation, was postponed Wednesday following a lengthy hearing in U.S. District Court in Hartford. Pearson is now scheduled to be sentenced June 14th for […]
By Catracha Hondurena on March 26, 2010
banks, IMF, investment
Business - Economics, Financial News
International Monetary Fund (IMF) said that Honduras should contain current spending because they feel expansionary policies are not sustainable. Mario Garza, the IMF representative observed that, “Despite a decline in public investment, the fiscal deficit rose markedly due to a substantial increase in current spending — mainly the wage bill — leading to a large […]