Between January and September 2016 the volume of exports of prepared or preserved palm hearts from the region declined by 6% compared to the same period in 2015.
Figures from the information system on themarket for prepared or preserved palm hearts in CentralAmerica complied by the Business Intelligence Unit atCentralAmericaData: [Figure caption = "Click to interact with graphics"]
The Panama Canal Authority expects to tender at the end of the year several logistics projects to be developed in 1,200 hectares of land in the canal zone.
The goal of the Panama Canal Authority is to generate value-added services around the extended canal, and according to the head the institution, Jorge Luis Quijano, several state companies from China have already expressed interest in participating in the development of these projects, which could be estimated at $1 billion and would be developed over a period of five to seven years.
Between January and September 2016 Central American countries exported 29 thousand tons of frozen shrimp and prawn to countries outside of the region, equivalent to $204 million.
Figures from the information system on the Market for Frozen Shrimp and Shrimp in Central America compiled by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with graphics"]
The need for Panama to renew its power generation matrix has become a source of new business for companies in the sector and also for banking.
The project to build a 670 MW gas plant in the province of Colon, being run by the company Panama NG Power, is the best example of the potential for development that the Panamanian electricity market has, which has already drawn the attention of banks.
Between January and September 2016 the Central American countries imported a monthly average of $18 million in new tires for buses and trucks.
Figures from the information system on the Market for new tires for trucks and buses in CentralAmerica complied by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with graphics"]
The Akamai report for the fourth quarter of 2016, notes that compared to the previous quarter, there was an increase of 10% on the average internet connection speed in Panama and a reduction of 1.2% in Costa Rica.
Although average internetaccess speed (IPv4) remains very low compared to otherLatin Americancountriesand other regions, the "Akamai State of the Internet IVQ 2016" report, states that both countries saw increases compared to the same quarter of 2015. Costa Rica registered an interannual increase of 15%, while in Panama the interannual increase was 47%.
Representatives from the US restaurant chain will be visiting Costa Rica in the next few days to meet with potential investors interested in developing the franchise in the country.The objective of the brand, already present in Panama, is to open at least ten premises.
Fitch Ratings, "Reputational risk events could put broad pressure on funding access and damage Panama's position as a regional financial center. "
From a report by Fitch Ratings:
Fitch Ratings-San Salvador/New York-15 March 2017: Reputational and conduct risk will remain key issues for Panamanian banks in 2017 owing to the interconnectedness of the regional financial system and ongoing high profile corruption cases that have affected multiple countries in Latin America, says Fitch Ratings. Reputational risk events could put broad pressure on funding access and damage Panama's position as a regional financial center.
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