The value of building permits that were processed five years ago in the districts of La Chorrera and Arraiján amounted to $208 million, while the figure at the end of 2016 is estimated at $313 million.
Growth in real estate development in Panama West could be further enhanced once Line 3 of the Metro starts to operate, and the fourth bridge over the Canal has been built.
Between January and October of this year 56,976 new vehicles were registered in the country, 3.5% more than in the same period in 2015.
The growth rate in the first ten months of the year contrasts with the growth rate registered in September, which was 8%.
Of the total number of registered vehicles during the first 10 months of the year, 42% were regular cars, 3.7% luxury cars, 29% SUVs, 1.7% minivans, 2% vans, 14% pick ups, 2.3% buses, 3.4% trucks, and 0.40% were others, according to figures from the Office of the Comptroller General of Colombia.
The movement of bulk cargo in the port system of Panama in the first half of the year fell by 21% compared to the same period in 2015.
Between January and June the transport of containerized cargo fell by 15% compared to the same period in 2015, according to figures from the Office of the Comptroller General of Colombia.In the case of general cargo, there was an increase of 13% compared to the same period in 2015.
In the 2015/16 cycle 2,261,000 hundredweight of dry grain was harvested, 27% less than in the 2014/15 harvest and the lowest figure since 2011.
Lack of access to financing and the El Nino weather phenomenon are the two main reasons behind the decline in the grain harvest, according to Valentin Dominguez, president of the Corn Growers Association in the Province of Los Santos.
Suffering from an attack of Burocratitis, perhaps passed on by its neighbor Costa Rica, Panama has added almost 10,000 people to the list of civil servants on the government payroll in the last year, which is an increase of 8% in state spending on wages.
The nominal increase in spending on wages of state employees was $17.8 million between April 2015 and April 2016, according to data from the Comptroller General of the Republic.In terms of the number of officials, the growth rate in April 2016 compared to the same month in 2015 was 9,925 people or 4.8%.
The boom in housing construction does not compensate for the lack of new large projects that require stone, sand and cement produced from non-metallic mining.
An article on Panamaamerica.com.pa reports that "...The reduction in sales of the building materials they produce (stone, sand and cement) is remarkable, as pointed out by some members of the sector, a fact which is heavily affecting their income, to the point that some are thinking of giving up the activity. "
In the first two months, economic activity grew by 4.2% compared to the same period in 2015, driven by the activities of transport, storage and communications and mining and quarrying.
From the Index of Monthly Economic Activity report by the Comptroller:
The Monthly Economic Activity Index (IMAE by its initials in Spanich) in the Republic for January-February 2016, measured in terms of the original series at 1996 prices, grew by 4.21 percent compared to the same period in 2015.
Solutions are being sought to the lack of promotion of the country and unfair competition from illegal hotels, so that the occupancy rate, which went from 70% in 2011 to 52% in 2015, can be improved.
According to the Office of the Comptroller General of the Republic, the occupancy rate in Panama fell once again last year, going from 56.1% in 2014 to 52.3% in 2015. The average daily number rooms occupied during the last year was 5,466 compared to 5,816 registered the previous year, representing a 6% drop in this indicator.
The contract for the work has not yet been sent to the Comptroller to be endorsed, despite the fact that it has been nearly two months since the award of the design of the hospital to the consortium DHN.
Bureaucracy in the Panamanian state apparatus has prevented a contract between the Ministry of Health (MoH) and the consortium Diseño Hospital del Niño (made up of the companies Pinearq, S.L.P.
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