Panama invests in information technology

Information Technology (IT) investments in Panama are one of the highest in Latin America, reaching $275 million in 2007.

Friday, August 15, 2008

The information technology industry generated 12 thousand jobs last year in Panama, and is estimated to produce another 4 thousand new jobs in the next four years, according to a report from the International Data Corporation (IDC) prepared by Microsoft Panama.

More on this topic

New Data Center for $12 million

May 2013

With an investment of $12 million GBM will inaugurate its new data center in the complex Zona Pradera, Guatemala, where they hope to offer virtual services to customers throughout Latin America.

According to Ruben Rios, GMB general manager (IBM representative for Central America and the Caribbean), the intention of the Data Center is to provide a platform for cloud services and facilitate access to such technology to Small and Medium Enterprises and and the public sector.

Latin America´s ITC Predictions 2009

January 2009

Albeit at a slower pace in 2009 than in 2008, Latin America will remain one of the fastest-growing ICT markets of the world.

The global economic crisis will no doubt hit Latin America’s ITC market strongly during 2009, particularly during the first two quarters of the year.

Costa Rica: Telecoms Market Data Must be Updated

November 2015

A ruling by the Administrative Court found in favor of the state run telecoms company and obliges the regulator to update the relevant market data and level the playing field for all operators.

In the lawsuit, the Instituto Costarricense de Electricidad (ICE) argued that the failure to update data on relevant markets and operators prevented the Superintendency of Telecommunications from providing equal treatment to all telecommunications companies operating in the country. Because of this, Crhoy.com reports, "... only the ICE can be fined or receive penalties for noncompliance."

Costa Rica: $65 million from China for Technological Park

March 2009

China will finance a high technology development center which will feature a business center, shopping area and data center.

The governments of both countries are already working on the design of the complex estimated at a cost of $65 million.

According to Nacion.com, the Chinese ambassador in Costa Rica, Wang Xiaoyuan, reported: "We reached an agreement for China to give consultation on the park.

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