Faced with declining demand in high cost projects, the sector is becoming involved in housing projects for the middle class.
An economic recovery program for the sector is necessary.
Tagnia Shocrón, in her article in The Star, published the comments of the Director of Economic Affairs and Foreign Trade of the Chamber of Commerce, Manuel Ferreira: "The private sector proposed amendments to the Preferential Interest Rate Law to include projects of up to $100,000 within this benefit. It suggested the reduction of tariffs for some products used in building housing projects and promoting public housing projects through the investment budget for the years 2010 and 2011."
The Panamanian Banking Association will hold the XVIII Banking Convention on March 18 and 19, a "mandatory" event for member banks.
Tagnia Shocrón wrote in Laestrella.com.pa: "The ABP will learn about the practical, rather than the theoretical, plans of the presidential candidates for banking because Ricardo Martinelli, from Cambio Democratico (Democratic Change,) and Balbina Herrera, from the PRD (Revolutionary Democratic Party), will open the event. Carlos Madeiros from the International Monetary Fund will also be invited.
By the middle of the year, the company Fersa is planning to start the construction of the Toabré Wind Farm, located in the Cocle Province.
Tagnia Shocrón wrote in an article on Laestrella.com.pa: "A multinational under the name Enrilews, SA, is involved.
The Toabré Wind Farm will generate up to 225 megawatts (MW) when work is completed, supplying 9% of local demand.
A new government, pressures from the U.S. for fiscal transparency and the opinion of the business sector make it predictable that the law which regulates them will change.
Lawyers, who would possibly see their intense advising and foreign capital representation activity decreased, oppose any changes to law 32, which would involve greater transparency in company incorporation (Sociedad Anonima) information and it would perhaps detract from the current attractiveness of the regulations to foreigners.
Live at the beach in the exclusive Punta Leona Resort, a dream with shaded white sand beach, pools, restaurants, wild life. New affordable, energy efficient home. The house - possibly the only energy efficient green...
Panamá Pacífico with thousands of interested visitors to its stand in Expocomer 2010, not only offered the Key Note speech of thursday, but launched the residential phase of this great development on the banks of the Panama Canal
AES Panama is the largest electricity generation company in Panama, in terms of installed capacity as well as delivered energy.
AES Panama is a subsidiary of AES Corporation, with headquarters in Arlington, Virgina, United States, and holds the 49% of shares in the operations of this generating company.
Since late 2007, AES Panama owns four hydroelectric plants with an installed capacity of 482 Megawatts: Bayano (260 MW), Estí (120 MW), La Estrella (47.2 MW), and Los Valles (54.8 MW).
Our main clients are the three energy distribution companies in Panama: Elektra Noreste, S.A., Empresa de Distribución Eléctrica Metro-Oeste, S.A., and Empresa de Distribución Eléctrica Chiriquí, S.A., which represent the 95% of the company’s energy sales. The remaining 5% corresponds to energy sales to Great Costumers, which are businesses with monthly energy consumption greater than 100 kilowatts.
Operates in Panama
Phone: (507) 206-2652