Take a look at why we believe that where we work is a piece of paradise!
Take a look at why we believe that where we work is a piece of paradise!
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After some conflicting and confusing comments in the national press, there now seems to be some clarification as to the details of the start of La Costanera Nicaragua a coastal road or tourist route that has been talked about since the days of President Enrique Bolaños (2002 – 2007).
Preparation work has started on a stretch from an area known as “Los Mojones” (Boundary Markers) at the Costa Rica Border up to La Naranjo and Ostional. The Ministry of Transport and Infrastructure (MTI) has announced that it has taken a “decisive step” to get the project going. The MTI are plowing ahead with the groundwork, earthmoving, drainage ditches and storm water run-off; as well as the construction of one of the two bridges needed to complete the first phase. This work is being paid for from National Treasury funds.
Confusing the issue was a statement by the Central American Bank of Economic Integration (CABEI) in relation to funding. They stated that it would take six to eight months to complete a study before the bank could advance the funds for the project and this suggested that phase one would not start until that time had passed. However, they have agreed to fund this study and have already stated that they feel positive about the likely outcome.
These mariners encountered coconuts as they traded with their Indian counterparts who sailed small, nimble dhows, coast-hugging boats made from teak or coconut-wood planking lashed together with coconut fiber (coir). The dhow was adopted by Arab merchant mariners themselves, and the boats continue to be made today, but with modern materials.
These same traders also introduced coconuts to Europeans, first along the trans-Asian Silk Roads. Among them was the Venetian adventurer Marco Polo, who encountered the tree in Egypt in the 13th century, calling its fruit “the Pharaoh’s nut.”
Beginning in the early 16th century, the coconut came to Europe through the “maritime Silk Road” following explorer-colonizers like Vasco da Gama, who pursued a direct trade route between Portugal and India, guided by maps and navigational information charted by the famed Arab navigator Ahmad ibn Majid a half century before.
From da Gama and other Portuguese traders came the coconut’s contemporary and most recognized international name: They called it coco-nut because it resembled a cocuruto, or skull, with three dots on its end like two eyes and a mouth and coconut ﬁbers that resembled hair.
The best countries for women in terms of gender equality have been announced by the World Economic Forum in the new edition of its annual Global Gender Gap report.
The 2017 report assesses 144 economies on how well they utilize the female workforce in their country based on economic, educational, health-based and political indicators. The report can be used as an objective analysis of women’s quality of life compared with male peers, and to thereby rank the world’s best countries for women in terms of gender equality.
To produce the Index, the World Economic Forum analyses more than a dozen datasets including those produced by World Economic Forum, UNESCO Institute of Statistics and the OECD.
The rankings are compiled by calculating gender-based gaps in accessing resources such as education, healthcare and inopportunities to participate in political and economic processes.
Assessing the gender gap enables the Index to compare rich and poor countries on an equal footing. It is the disparity between genders that is being measured rather than the baseline quality of living. This creates a ranking of the best countries for women according to the gap between genders.
Good diversification is a staple of financial planning advice, though the principle long pre-dates financial planners. From the aphorism “don’t put all your eggs in one basket”, to Talmudic texts from 3,000 years ago directing people to split their wealth evenly between cash, real estate, and business, the virtue of limiting exposure to risk from diversification is an “accepted truth”.
Except the reality is that, when you look to those who achieve the greatest wealth or have the greatest impact, virtually none of them ever diversify… or at least, not throughout most of their years. After all, if Bill Gates had “just” diversified into the S&P 500 after Microsoft IPO’ed, he’d have barely 1/40th of the wealth he does today. In fact, most of those on the list of the richest billionaires are people in their 60s, 70s, or 80s, who have held a concentrated interest in their businesses for nearly their entire lives. Like the redwood tree, they waited a very, very long time before branching out… and as a result, were able to grow the tallest.
Of course, that doesn’t mean that diversification is always bad. Most “trees” are actually short bushes and shrubs, that grow just a few feet tall, but are still able to broaden their shoots and leaves enough to grow healthy. In the investing context, it’s the equivalent of a person who diligently saves and invests in a portfolio for decades, and retires with “comfortable wealth”.
Still, it’s important to recognize that diversification isn’t literally always the winning strategy, and for those who are young and have a long time horizon, arguably not even a necessary one. In fact, the weakest tree is the Bradford Pear – known for growing a V-shaped trunk, effectively diversifying itself from the start… in a manner that virtually ensures the tree will eventually either collapse under its own weight, or succumb to external forces.
For those who have decided they have had “enough”, the satisfying strategy of the bush may be just fine. But for those who decidedly want to generate more wealth or have more impact, perhaps the redwood strategy is underrated after all? In fact, the highest-risk losing strategy may actually be the pear tree strategy of trying to have it both ways at once!
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Managua, Nicaragua; November 21, 2017
Nicaragua’s light manufacturing industry has been key in the country’s economic growth, representing a 13.1 percent in Nicaragua’s total exports in 2016. This growth has been driven, to a certain extent, by the country’s competitiveness in terms of low operational costs, access to key markets around the globe, generous fiscal incentives under the free zone system, and the country’s successful Model of Dialogue and Consensus, established by the Government of Nicaragua along with the private sector and free trade zones workers.
Especifically, Nicaragua’s automotive harnesses manufacturing industry -which has been pivotal for the growth of the free zones industry- experienced a growth rate of 50 percent during the 2012-2016 period. According to the report on Foreign Trade issued by the Central Bank of Nicaragua, from January through September 2017, the harness manufacturing industry exported US$444.3 million, which represents a 25 percent of the free zones total exports.
Currently, there are four auto parts manufacturing companies operating under the free zone system, which altogether have created 15 thousand direct jobs and 45 thousand indirect jobs. World leaders, Yazaki and Dräxlmaier, manufacture for international brands such as Chrysler, General Motors, BMW, and Volskwagen. Addtionally, Cega and Plastimaq, both from Mexico, mainly provide components for assembling and testing automotive harnesses.
Although Nicaragua’s auto parts manufacturing industry has mostly been driven by the production of harnesses, the country still has the capacity of producing a wide variety of automotive components, including floor mats and liners, seat covers, deflectors and products that require labor intensive processes, apart from the country’s highly exported auto wire harnesses.
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