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Month: August 2025

Smartmatic
12
Aug
By Angelica Iriarte
Politics

Honduras’ Electoral Results Transmission System: Why Smartmatic Faces Scrutiny

The controversy surrounding the awarding of the contract for the Preliminary Electoral Results Transmission System (TREP) for the 2025 national elections has led to a surge of criticism and allegations aimed at the tech company Smartmatic. The company, accused of involvement in various international election fraud incidents, is at the heart of a discussion that could potentially destabilize the electoral procedure and erode trust in Honduras' democratic systems.Allegations of corruption and fraud tarnish electoral transparencyThe debate was sparked by a straightforward allegation from Liberal Congressman Jorge Cálix, who claimed that allowing Smartmatic to oversee the TREP system might put the…
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LIBRE
12
Aug
By Angelica Iriarte
Politics

LIBRE’s potential rise: What it means for media freedom in Honduras

In the midst of increasing political division and a situation of institutional instability, Honduras is confronting a significant challenge regarding media freedom. The country has been placed at position 142 out of 180 in the 2025 World Press Freedom Index, as assessed by Reporters Without Borders (RSF), highlighting the vulnerable state of journalism within the nation. The potential triumph of the LIBRE (Libertad y Refundación) party in upcoming elections is causing worries about the possibility of a more constrained atmosphere for media and free speech.The threat of an authoritarian contextHonduras finds itself in a situation where press freedom has been…
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Xiomara Castro
12
Aug
By Angelica Iriarte
Politics

La Prensa addresses rumors linking it to “Tierra Invest” scam

Amid a surge in online identity theft, the Honduran media outlet La Prensa has alerted the public about a counterfeit article that promotes the platform "Tierra Invest." Falsely linked to this reputable source, the article alleges that many Hondurans are making money through investments in this platform. Nevertheless, it is a scam aimed at extracting users' personal information.Digital impersonation for fraudulent purposesThe article, which has gained considerable attention on social media platforms, includes altered material pretending to be an authentic piece from La Prensa. The headline reads “Thousands of Hondurans are now making money by investing in Tierra Invest” and…
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Luis Redondo's
12
Aug
By Angelica Iriarte
Politics

The Controversy Around Luis Redondo and Family-Linked Bank Approvals

The president of the Honduran National Congress, Luis Redondo, has been accused of alleged involvement in the approval of the conversion of Compañía Financiera S.A. (Cofisa) into Banco Compañía Financiera S.A. (Bancofisa), a request submitted to the National Banking and Insurance Commission (CNBS). The complaint, which points to possible influence in the process, has generated reactions in various political and business sectors, which have expressed concern about transparency and conflicts of interest surrounding this request.Cases awaiting decision at the CNBSLa solicitud para transformar Cofisa en Bancofisa fue presentada oficialmente el 20 de junio de 2024, teniendo un capital social de…
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COFISA
12
Aug
By Angelica Iriarte
Politics

COFISA files for authorization to become a commercial bank in Honduras

The financial entity La Compañía Financiera S.A. (COFISA), a prominent player in the nation's financial sector, has officially sought approval from the National Banking and Insurance Commission (CNBS) to transition into a commercial bank. This initiative, initiated on June 20, 2024, is under review by the appropriate regulatory bodies and could represent a major shift in the financial scene of Honduras.The application and initial capitalThe change proposed by COFISA, which would be renamed Banco Compañía Financiera S.A. (Bancofisa), includes a request for initial share capital of 1 billion lempiras. The intention is to expand the range of financial services in…
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12
Aug
By Angelica Iriarte
Economy

The importance of the housing market: What you need to know

The housing market represents the supply and demand dynamics of residential properties in a specific area. It encompasses various elements, including the buying, selling, leasing, and construction of homes. The term also covers real estate transactions and the financial mechanisms that facilitate these exchanges, such as mortgages and interest rates.The housing market drastically differs across geographic locations, influenced by numerous factors such as local economy, employment rates, government policies, and cultural trends. For example, urban areas with booming industries often experience higher demand along with increased property values, while rural regions may witness slower growth or even stagnation.The Importance of…
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