Expocomer: $130 million Foreseen in Business ProjectsThursday, March 1, 2018 The organizers estimate that commercial transactions made between participants will amount to around $130 million, and the economic benefit for Panama could be $45 million. "... 'We have an excellent Expo, with very good expectations. We will have to wait for the numbers at the end of the event, but we hope that the economic spillover for the country will be at least equal to last year's, that is to say, worth about $45 million. Business transactions between participants should be in the order of $130 million," Inocencio Galindo, president of the Chamber of Commerce and Industries of Panama (CCIAP), told La Estrella de Panamá." Beer in Central America: Imports GrowingMonday, August 13, 2018 From January to March of 2018 Central American countries bought $40 million worth of malt beer from abroad, 46% more than the same period in 2017. Figures from the Information System on the Malt Beer Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Europe Bans Ornamental Coffee Plants from Costa Rica and HondurasThursday, May 21, 2015 The phytosanitary measures implemented by the European Union have been in force since May and aim to prevent the entry of the bacterium Xylella fastidiosa. The rule applies to ornamental coffee plants (not seeds) of the coffee variety and applies to the 28 countries comprising the European Union. The Chamber of Plants, Flowers and Foliage in Costa Rica clarified that the prohibition does not apply to foliage, which can still be exported. Laptops and Tablets: Imports Increase 13%Friday, October 12, 2018 The countries of the region imported $104 million in laptops and similar devices between January and March 2018, 13% more than in the same period in 2017. Figures of the information system of the Laptops and Similar Devices Market in Central America, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"] Beer: Imports Increase 45%Thursday, November 15, 2018 Because of the purchase behavior from Mexico, during the first half of the year, beer imports in Central America totaled $83 million, 45% more than in the same period in 2017. Figures from the Information System on the Malt Beer Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"] Another Setback for the Children's HospitalThursday, September 13, 2018 Due to the fact that the company China Camc Engineering Co. Ltd. filed an appeal, suspension of the act for prequalification of the work, estimated at $281 million, has been ordered. The General Directorate of Public Procurement decided to accept the Appeal Suit submitted by the representative of the Chinese company Camc Engineering, against the evaluation report for the act for the "Prequalification for studies, construction, equipment and maintenance of the new Children's Hospital, Maternity of the Hospital Santo Tomás, and annexed areas, restoration of the gardens and remodeling of the Abeja building". The Cultural Background to the Financial CrisisFriday, August 19, 2011 Economics, like politics, echoes and reflects the culture and values prevailing in each society. There are a number of European countries facing serious financial difficulties as a result of the mismanagement of public finances. The situation is serious, and the globalization of financial markets threatens to spread these difficulties worldwide. Panama Complies with OECD RequirementsThursday, June 30, 2011 After signing today a fiscal information convention with France, Panama has completed the 12 fiscal agreements required by the Organization for Economic Cooperation and Development (OECD) in order to exclude Panama from the list of tax havens. A press release from the Ministry of Foreign Affairs of Panama states: Reasons to Decriminalize DrugsThursday, March 22, 2012 Breaking what is a taboo for any incumbent ruler, President Otto Perez Molina insists on his proposal to deny a market for drug traffickers. Insisting that applying traditional methods to tackle the scourge of drugs and drug trafficking has not been successful , Perez Molina "does not regret his bold proposal to decriminalize drugs in Central America and is excited about a discussion of this global issue." The Increase of Public Debt in El SalvadorFriday, April 13, 2012 "Excessive debt is like a silent cancer that slowly undermines the country's economic health and when it is discovered it is too late." An article by Claudio M. Rose in Laprensagrafica.com reveals one of the worst features of an increase in public debt: the symptoms of the disease are not apparent to the general public: "The Government continues to function, employees receive their wages and, albeit with delays, suppliers receive their payments. " Panama and the Czech Republic to Avoid Double TaxationFriday, July 6, 2012 Authorities of both countries have signed a Double Taxation Treaty (DTT). With this agreement, Panama now has 13 TDTs signed which will enable the country to be de-categorized as a tax haven. Panama and South Korea Sign Tax AgreementWednesday, October 20, 2010 The country completed 9 of 12 agreements required by the OECD to remove it from the tax haven gray-list. The president, Ricardo Martinelli and his counterpart Lee Myung-bak took part as honorary witnesses to the signing of the Treaty for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to income taxes between the two countries. Multi-Inversiones: 89 years of Experience in the Americas, Asia and EuropeTuesday, March 31, 2009 Interview with Dionisio Gutierrez, president of Multi-Inversiones, a six-division holding and one of whose flagship companies is Pollo Campero. "We urgently need to get the Central American community to be a single economic bloc, with the same currency and passport, so that the world will see us as a region of unified countries, which will open doors for us to investment and economic growth." This is, according to Dionisio Gutierrez, one of three key strategies that Central America should address to reach the level of development it deserves. Iberia to fly 7 days a week to PanamaThursday, March 27, 2014 As of June 2, the Spanish airline will begin operating a sixth weekly flight and one month after that a seventh will be added. The airline is to increases the number of seats available to 2000 per week on its Madrid-Panama City route. Laptops and Tablets: Imports Up 19%Wednesday, January 23, 2019 Between January and June 2018, countries in the region imported $209 million in laptops and similar devices, 19% more than in the same period in 2017. Figures from the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"] |
|