Tuesday, January 27, 2009

Price of Diesel Drops

Since December 19th the price of a gallon of diesel fell Q1.23, according to surveys by the Ministry of Energy and Mines (MEM).

The price of diesel at the end of December was Q19.83 and yesterday Q18.03. One gas station was found selling diesel for Q17.75

In July of last year was the first time in history that diesel fuel in Guatemala cost more than gasoline. Diesel reached Q36.99.

VP of Collapsed Bank Fails to Appear

Ingo Henrich Haberland, accused of involvement in the bankruptcy of Banco del Café (Bancafé) did not appear at his hearing scheduled for today. The defendant had been summoned by the Juzgado Noveno de Instancia Penal to testify about the case.

Haberland served as vice president of the bank and is now a fugitive from justice. In November 2007, the Ministerio de Gobernación put up a reward of Q100,000 for information about those involved in the Bancafé collapse. On October 19, 2006, the Monetary Board suspended operations of Bancafé for mismanagement. Bancafe was the fourth largest bank in Guatemala with over one million accounts and Q6.7 billion in deposits.