President Obama Schedules Visits to Mexico and Costa Rica
March 28th, 2013By Narayan Ammachchi
President Obama is set to visit Mexico and Costa Rica in the first week of May to strengthen economic ties.
“This trip is an important opportunity to reinforce the deep cultural, familial, and economic ties that so many Americans share with Mexico and Central America,” states the press release from the White House.
Obama will meet his Mexican counterpart President Peña Nieto and discuss ways to deepen the economic and commercial partnerships with the two countries. In Costa Rica, the President is slated to meet with President Laura Chinchilla, as well as heads of state of the other Central American countries and the Dominican Republic.
“The trip will be an important chance to discuss our collective efforts to promote economic growth and development in Central America and our ongoing collaboration on citizen security,” stated the White House.
IBM Opens Seventh Office in Mexico, By Targeting the Yucatan
March 27th, 2013By Narayan Ammachchi
IBM has opened one more office in Mexico as the U.S. technology giant intensifies its efforts to tap into a growing demand for intelligent solutions in the Mexican corporate sector.
The new office crops up in Mérida, the largest population center in the Mexico’s Southeastern region. Banorte-Ixe, Mexico’s third largest bank, has recently signed a ten-year US$1billion contract with IBM Global Business Services.
Located in the center of Yucatán metropolitan zone, the Mérida office represents an investment of approximately US$ 4 million and becomes IBM’s seventh office in the country after those in Mexico City, Guadalajara, Monterrey, Querétaro, Toluca and Puebla.
IBM says it will use the new office for selling technology solutions in the areas of cloud computing, business analytics, mobile and social computing.
“With the opening of the Mérida office, IBM reaffirms its long-term commitment to a growing number of clients and business partners who will …
Twenty Years Later: Accounting for NAFTA’s Wins and Losses
March 25th, 2013By Timothy Wilson
The North America Free Trade Agreement (NAFTA) between Mexico, the United States and Canada, just entered its 20th year. In that time investments in information and computing technology (ICT) have certainly increased in Mexico – as they have everywhere in the world. Tracking specific investments to NAFTA is more art than science, though it is true that the shift from being a distribution economy, in which global ICT firms simply set up franchise shops, to one where real investment and development takes place, can likely be attributed to the trade deal.
Announcing the Power 50 2013: The Real Operators
March 25th, 2013
Members of the third annual Nearshore Americas Power 50 Ranking – announced here today – demonstrate the real character of this emerging, chaotic and scrappy young industry. The ranking, which is the result of a five-month nomination and review process, strives to bring to light the spark and inspiration that powers the Nearshore business community. The list is remarkable for several reasons.
Querétaro Sees Record Growth in Foreign Investment
March 18th, 2013BY STAFF REPORT
The Mexican state of Querétaro saw a record 120 percent rise in foreign direct investment (FDI) in the first eight months of 2012, according to a report from the intelligence unit of British business daily, Financial Times.
Capital spending and employment growth also improved considerably during this period, making the state one of the key engines of the Mexican economy, the report added. In addition, the number of foreign investment projects doubled to 11 from five in the first half of 2011.
Aguascalientes, a state in North-Central Mexico, also experienced significant growth in foreign investment projects, according to the report.
Mexico is not the only country that saw significant improvement in FDI, Caribbean countries like Cayman Islands, Guyana and Trinidad and Tobago recorded nearly 300 percent growth in foreign investment.
While FDI grew 200 percent in Bermuda, LATAM countries including Bolivia, Nicaragua and Paraguay recorded 50 percent growth …
Hexaware expands Operation in Mexico
March 18th, 2013By STAFF REPORT
India-headquartered outsourcing firm Hexaware Technologies has launched one more delivery center in Mexico, further expanding its footprint in the Latin American region.
The new center, located in the Northeastern city of Saltillo, is the company’s third facility in Mexico and it is focused on clients in North and Latin America.
Hexaware currently has 300 employees in Mexico, serving 30 customers, and the company says it is looking to hire 85 IT professionals for the new facility.
The new delivery center will offer outsourcing services in areas, including business intelligence, analytics (BI/BA), remote infrastructure management services (IMS), the Indian firm stated in a press release.
“The opening of the new development center is in response to the growth we are experiencing in the IT market and this will help us to further strengthen Hexaware’s presence and add value to more customers from this region,” said PR …
The Best Beers of Latin America: Imperial, Polar, Cristal, El Aguila or Something Else?
March 15th, 2013
By Marnely Rodriguez-Murray
When it comes to beers, Latin America and its surrounding regions know a thing or two about it. Whether they’re drinking the beers at home with family around a homemade meal or they’re chugging it while watching the latest soccer game, it’s one of the preferred beverages and below we’re showcasing some of the most popular beers of the region.
Argentina: Quilmes
One of South America’s most popular beers, if not THE most popular, Quilmes is brewed in Buenos Aires and is the official sponsor to Argentina’s football team, the Albicelestes (sky blue and whites). If you’ve seen a bottle of Quilmes, you’ll know the beer’s colors are sky blue and white as well. Founded in 1888 by Otto Bemberg, a German immigrant. Their …
By Narayan Ammachchi
Although it hasn’t ocurred overnight, international air carriers are beginning to get very focused on making Latin America a key part of strategic growth plans. The data continues to show strong demand for flights from the U.S. into Latin America and the Caribbean, and carriers from JetBlue to venerable American Airlines are taking note.
IBM Wins $1 Billion Contract with Mexico’s Grupo Financiero Banorte
March 13th, 2013By Luke Bujarski
Banorte-Ixe, Mexico’s third largest bank has signed a ten-year, US$1billion contract with IBM Global Business Services, encompassing a total overhaul of its customer facing and back end systems. “This is unlike any partnership that exists in Latin America’s financial services industry today,” explained Rafael Arana de la Garza, General Director of Planning and Finance of Banorte, in an interview with Nearshore Americas.
New York, NY (PRWEB) March 07, 2013
For four years in a row, the U.S. has declined in global competitiveness rankings. The decline is part of a larger problem that many U.S. business leaders are increasingly worried about: If Washington can’t work out its problems how can I as a business leader find innovative human capital and technology solutions to make my business more competitive?
This is one of the central questions being addressed at the 2013 Nearshore Nexus executive conference, where business leaders come together to assess how to improve efficiency, accelerate technical innovation and gear their businesses to be globally ready. The Nexus conference is designed to generate business-specific knowledge and dialogue about the opportunities, risks and advantages of developing strategic relationship in Latin America and the Caribbean.
Keynoting Nearshore Nexus is well-regarded New York Times columnist Joe Nocera, who will deliver …
