Costa Rica, a country devoid of strategic raw materials, with a limited territorial endowment and whose main wealth, biodiversity can only be used on the condition that it is not destroyed. This situation places greater relevance on the need to stimulate innovative ventures in order to increase the productivity of its economy and improve the [...]
Making investments can be a very enriching experience; they can make it easier for us to grow our savings and help meet our financial goals. However, we all have a friend or neighbor who had a bad experience with an investment and sometimes we feel that we do not have enough information and that it [...]
Black Friday 2020 has been an opportunity to increase consumption in Panama, which is necessary for companies to strengthen their sales through eCommerce. It also gives them an opportunity to prepare the foundations for deeper digitization, which responds to user expectations in terms of shopping experience and security. COVID-19 may have caused the SME ecosystem [...]
Continued economic growth is expected for Latin America and this has led small and medium-sized enterprises (SME) to see changes largely in their favor. According to Brother International Corporation's fourth annual "Vision SMEs" survey, the first economic expectations of the 801 executives surveyed between Costa Rica, Panama, Colombia and Ecuador, were mostly positive. 74% of [...]
Panama has established itself as an ideal country to do business for a number of reasons. It has been one of the stronger Central American countries during the COVID-19 pandemic, and there are always plenty of options for those looking for investment targets. Randall Ortega Castillo of RACO Investment, a lending company focused on small- [...]
As one of the freest and most vibrant economies in the world, Panama is a country rich in opportunities for local and international entrepreneurs. Fueled by foreign direct investment and its import and export market, it is the best choice for companies wishing to expand their presence in Latin America, and international companies looking for [...]
Around the world, there are geographically-centric foods and comestibles that eventually make their way onto the global market. However, restrictions on what can be imported and how make the process cumbersome. Panama is no different, but existing regulations help facilitate the process and allow entrepreneurs to get started once they understand the rules. Randall Castillo [...]
Finding investments for your business or startup is a complicated task. You can try financing through banking institutions or angel investors, but each method has its own peculiarities. One alternative, increasingly sought by entrepreneurs, is venture capitalist, an investor capable of injecting venture capital into a company. Randall Castillo Ortega, a financial expert and founder [...]
When talking about the essential qualities of the entrepreneur, two are often cited – passion and persistence. However, there is much more behind these two attributes to developing a successful startup. Often, entrepreneurs in developing countries, such as Costa Rica, have a more difficult time finding the support they need to realize their business dreams, [...]
Randall Castillo Ortega offers insight into how COVID-19 is changing logistics, and how the pandemic might improve the activity Talking about logistics in this "new normal" implies doing it from the perspective of a different consumer, because not only have their thoughts changed, but also their buying and living habits. The current situation has made [...]
