Now under construction, the 21st century version of the Panama Canal will bear little resemblance to the one that was completed in 1914. Considered a modern marvel in its day, the original Canal will soon be an anachronism. In its place will be a behemoth of a passageway, the current expansion of which is estimated to cost Panama US$5.25 billion. When complete, the Canal’s two new levels of triple locks will double its existing capacity to accommodate mammoth container ships nearly 100 feet tall and as long as aircraft carriers.
Tag Archives: relocation company
Chinese New Year, also known in China as Spring Festival, begins on February 10 and marks the transition from the Year of the Dragon to the Year of the Snake. Amongst the 12 symbols of the Chinese zodiac, the snake represents prosperity, gracious morality and great wisdom.
Of all the traditional Chinese festivals celebrated around the world, Chinese New Year is the most elaborate, colorful and important amongst the Chinese community. Cartus employees in Asia will be ushering the Year of the Snake in a range of activities with their family and loved ones.
1 10 13 Intra Country v2As companies seek to find the most robust and competitive global assignment programs, they often spend time searching for synergies in the hope of finding a “one size fits all” approach to their intra-country programs. Although many organizations already have solid intra-country mobility programs in the US, UK, and Canada, it is not always possible to take this approach into other countries in order to find a “Global Domestic Policy.” As companies continually strive for global consistency and efficiencies, the formula for intra-country relocations will likely look very different from one country to another. This [...] Read More
As a member of the Consulting Services team, I am often asked for the latest in domestic relocation policy trends. Many revolve around home sale but there is an emerging policy benefit that is new and different. It answers a specific issue some companies are facing when they relocate employees often.
Incent-to-rent programs (ITR) are designed to encourage employees who are homeowners to rent in the new location instead of using their new home closing cost benefits.
Consulting Services examined this new trend and addressed questions we have been receiving from clients.
• Incent-to-rent programs can be effective when structured appropriately and [...] Read More
The Law of Regularization and Control of Home Leases has brought dramatic changes to the Venezuelan rental market since its inception in 2011. Designed to provide more housing for the general population, the government’s regulations are having the effect of tightening the supply of rental properties in Venezuela, a situation to which assignees and their companies will have to adjust.
This is a major issue for a number of companies, particularly when 27% of respondents in the Cartus 2012 Trends in Global Relocation: Biggest Challenges survey noted that Central and South America are the regions most critical to their company’s future [...] Read More