Digicel and Claro sign contracts for Panama wireless concessionsWednesday, May 28, 2008 Ireland-based Digicel and Claro, a unit of Mexico's América Móvil, signed contracts for the provision of wireless service in Panama, where their concessions oblige them to install four radio bases. Manuel Troitiño, telecommunications director of the National Public Services Authority (ASEP), said both companies would have to apply to ASEP for frequencies or microwave links between the radio bases. New Round in Panama-Colombia FTAThursday, February 11, 2010 The second exploratory meeting for a Free Trade Agreement between Panama and Colombia is taking place in Panama City. Ministers from both countries expect to conclude the exploratory process, defining the basis for a FTA between both countries. Hotel Le Meridién Opens in PanamaThursday, September 3, 2009 After a $25 million investment, the company Bern Hotels & Resorts Panama inaugurated its first Le Meridién in the country. The hotel is located in the City of Panama, in the intersection of Uruguay Street and Balboa Avenue, and has 111 rooms, of which 25% are suites. U.S. to Accelerate FTA with Panama and ColombiaThursday, February 10, 2011 The U.S. will begin this year a process to resolve outstanding issues preventing the ratification of these treaties. This was announced by the U.S. trade representative, Ron Kirk, who added "I can tell you the president (Barack Obama) has instructed me to immediately intensify contacts with Colombia and Panama, in order to resolve this as soon as possible and submit these agreements immediately to Congress for consideration." Panama Tenders a Fourth Bridge at the CanalFriday, February 11, 2011 President Ricardo Martinelli announced he will support the construction of a fourth bridge over the Panama Canal. The president said he will soon launch a tender for the construction of the project. Panama Pacifico in ExpocomerMonday, February 22, 2010 PANAMÁ PACÍFICO has become once again, one of the major sponsors of EXPOCOMER PANAMÁ PACÍFICO has become once again, one of the major sponsors of EXPOCOMER, the largest and most important industrial and commercial showcase in Central America, which is being organized by the Panamanian Chamber of Commerce, Industries and Agriculture from March 3 through the 6th. New Delay For Metro BiddingMonday, March 15, 2010 The list of companies prequalified to bid for the project will now be announced on March 17th. The Evaluation Commission requested to push forward the date, in order to have more time to analyze the various proposals. Diamond Exchange set up in PanamaTuesday, October 21, 2008 Panama will host the first diamond exchange in Latin America which will be installed on October 24. Authorized by the World Federation of Diamond Bourses, The Panama Diamond Exchange (PDE) will become the business framework for jewelers in the region and will develop a regulated system for trading diamonds, precious stones and other jewels. America's crisis being felt on the Panama CanalWednesday, June 18, 2008 The Panama Canal Authority reports that number of ships carrying merchandise through the Panama Canal has remained static and is unlikely to improve next year, due to the economic slowdown in the United States. However, it adds, representatives of the Central American Integration Bank say that some Israeli companies have shown interest in participating in the construction of the new canal. Panama Canal bidders given more timeWednesday, May 7, 2008 The deadline for the presentation of bids for the design of new locks on the Panama Canal has been stretched by 47 days, the canal authorities said. Four consortiums have qualified to present bids for the contract. Canal authorities said the tender's new deadline still fits within the overall timetable for the expansion project. Panama Free Trade Agreement: Uncertain fateMonday, April 21, 2008 It is unclear when the U.S. Congress will vote on the Panama free trade agreement, but the country continues to boost its trade. The delay in holding a U.S. congressional vote on the Colombia free trade agreement has also delayed the Panama free trade agreement, experts say. 31% growth in Panama insurance sectorWednesday, November 12, 2008 With $545.9 million in premiums versus $416.9 million for the same period in 2007. Based on a report by Panama's Office of the Superintendent for Insurance and Reinsurance, life insurance (first year) had the largest increase -- 68.48% -- as compared to last fiscal year. Quintessentially Launches In PanamaWednesday, March 26, 2008 Quintessentially, the world’s leading private members’ club and concierge service, is set to launch in Panama City, Panama this week This end of summer celebration will be the first in a series of events inspired by luxury living around the world. The launch will be celebrated with a “White Linen Extravaganza” – an outdoor event which will be marked as the first time world known luxury brands will come together to create a night of opulence and sophistication in the midst of Panama’s, historic old city. MWH Global lands $4.4M Panama Canal contractWednesday, January 11, 2012 MWH Global has won a $4.4 million contract with the Panama Canal Authority (ACP), the Broomfield company reported Tuesday. MWH will provide preliminary and final design services for the new Gatun Lake spillway, which controls the lake’s water level. The lake provides water for Panama City and flood protection, and also is involved in operating the navigation locks of the Panama Canal. Canal Expansion Impact on U.S. PortsTuesday, June 7, 2011 The Panama Canal expansion will begin operations in 2014, resulting in exponential changes in logistics throughout the world. A new report by Jones Lang LaSalle, a financial consulting and professional services firm specializing in the real estate sector, has identified three major trends that U.S. companies should consider when evaluating their properties and the impending changes in logistics infrastructure: port terminals, railways, storage spaces, etc. |
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