Randall Castillo Ortega offers insight into how COVID-19 is changing consumer habits
The economic crisis generated by the COVID-19 pandemic has undoubtedly left countless unemployed people around the world, leading to a decline in the purchasing power of the population and directly impacting the pocket and consumption habits of various families, mainly in the months of confinement. According to the International Labor Organization (ILO), Latin America and […]
Randall Castillo Ortega offers advice on investing in the COVID-19 climate
In just a few months, the expansion of COVID-19 has put investors and entrepreneurs around the world against the ropes. In crises, however, opportunities are also generated. Today more than ever, a strategy must be put forward to invest in a step-by-step and safe manner. The current market situation in the economic crisis of the […]
Randall Castillo Ortega discusses how Panama’s commercial scene is changing in 2021
Small and medium-sized enterprises (SME) are a company with distinctive characteristics, in addition to dimensions with certain preset occupational and financial limits. They are agents with logic, culture, interests and a specific entrepreneurial spirit. There is also the term microbusiness, which is an expansion of the original term, which includes the microenterprise. The COVID-19 situation […]
Randall Castillo Ortega discusses how Costa Rica’s import/export market improved in 2020
Economic revival processes allowed Costa Rica’s exports to grow by 8% by November 2020, compared to the same month of the previous year. The uptick during November is due to the growth of the macro sectors of precision equipment and medical, food, and pharmaceutical chemist. This increase means $81 million more, from $982 million in […]
Randall Castillo Ortega discusses business innovation trends that will be seen in 2021
The world is changing and advancing at a speed never seen before. So, it’s a matter of knowing what the next big thing will be, whether we’re talking business or investment. There is going to be increased innovation in 2021 and beyond, and Randall Castillo Ortega, a business expert and founder of RACO Investment, provides […]
Randall Castillo Ortega provides insight into how entrepreneurs can seek financing for their business
To develop an enterprise, it is essential to have a novel and attractive idea for the market; but it is just as important to have the capital to develop the project. That is often the hardest part of launching the endeavor and causes plenty of sleepless nights for entrepreneurs. However, while finding investments to get […]
Randall Castillo Ortega discussing importing and exporting between Panama and the European Union
Although Panama has a relatively small market, with only 3.9 million potential consumers, its strategic geographical location and the Colon Free Zone, a customs territory whose volume of foreign trade accounts for four-fifths of Panamanian trade, make Panama a dynamic economy in which the services sector has a very significant weight. Randall Castillo Ortega, an […]
Randall Castillo Ortega provides strategies for logistics success in importing and exporting
At the international level, logistics is an important factor of every company, since this measures the competitiveness that is available. The World Bank conducts an analysis every year that measures the performance of the logistics chain of supplies within countries, which is included in the Logistics Performance Index, which evaluates aspects such as, Customs, infrastructure, […]
Randall Castillo Ortega talks about the importance of planning for SMEs
There is a significant percentage of entrepreneurs who omit considerations to take the best organizational forecasts in the face of the great challenges presumed by the start of a business, such as legal, labor, financial, operational and tax issues. All these are fundamental pillars to structure a due settlement process, in order to shape a […]
Randall Castillo Ortega provides insight into what 2021 looks like for SMEs in Panama
Due primarily to the COVID-19 pandemic that is still threatening countries around the world, small- and medium-sized enterprises (SME) are falling further behind. This is notable in countries like Panama, which had seen substantial growth in recent years, but which is now struggling in the SME segment. If you were to define what 2021 looks […]