Boosting Marine Business in PanamaTuesday, November 4, 2014 With the organization of the second edition of the International Boat Show in May 2015, the aim is to strengthen the sector's development and turn the country into a "hub" for yachts in the region. Efrem Zimbalist, CEO of Show Management, the firm organizing the event, told Panamaamerica.com.pa that "...The target market for the 2015 show are customers in Panama, Costa Rica, Ecuador, Colombia and Venezuela. Food Certification Company Opens in Costa RicaMonday, April 12, 2010 NSF International, a food security training and certification company, will open in Costa Rica on April 15. Its offices will be located in San José, the capital city. From there, NSF Costa Rica will assist companies in complying with new global requirements in food safety standards, regulations and sustainability issues. Guatemala Suspends Airport InvestmentsThursday, March 15, 2012 A drop to half the number of passengers in international air terminals is the reason for the decision to suspend expansion works and improvements. From the 2.5 million people who used the international airport in previous years, less than half, about 1.2 million people now go through it, said Alejandro Sinibaldi, Minister of Communications. Manzanillo Port Modernization for $300 millionWednesday, June 13, 2012 The capacity of the canal terminal’s load will be expanded from 2.2 to 4 million TEUs and cranes and modern equipment will be installed. Juan Carlos Croston, vice president of marketing for the Manzanillo International Terminal (MIT) stated that the modernization of the Canal terminal represents an investment of $300 million, and will increase the capacity from 2.2 to 4 million TEUs and will include the installation of cranes for post panamax boats. Costa Rica: TIGO Brand to Replace AmnetTuesday, July 17, 2012 As of July 23 the Amnet brand will give way to TIGO, owned by Millicom International Cellular S.A. Under the name Tigo, the operator will handle Internet services, cable television and home telephone lines, the company announced in a news release. Panamanian Ports Reject Comparison LawWednesday, July 29, 2009 The ports argue that the new law, dubbed "equiparación" in Spanish, will make the port system less competitive. According to spokespersons from the ports of Balboa, Manzanillo International Terminal, Colón Container Terminal and Cristóbal, further dialogue is needed for a solution that benefits both sides. Contract Signed for Supervision of Canal ProjectWednesday, July 14, 2010 The Panama Canal Authority (ACP) has awarded Hill International the contract to supervise the canal widening project. The widening of the Panama Canal is forecast to cost $5.25 billion and is expected to be completed by the third quarter of 2014. The project will double the size of the ships able to use the canal. Restaurant Group to Invest $7 Million in PanamaWednesday, July 21, 2010 International Meal Company Holdings S.A. will invest $7 million to expand its operations to Panama. The group is one of the Latin American leaders in fast and casual food. Its expansion plans are centered in Panama and the Caribbean. Through private transactions, they have raised some $100 million to fund these plans. Heineken will Set Up Base in PanamaThursday, August 27, 2009 The subsidiary of Heineken International B.V. decided to establish its regional headquarters in Panama. Roberto Henríquez, Commerce and Industry Minister, stated that the brewer was attracted "not only by fiscal incentives, but also for geographical and logistical advantages offered by Panama for coordinating operations from their global headquarters in the Netherlands". Bids Presented for Dredging the Panama CanalTuesday, September 8, 2009 On Thursday the Panama Canal Authority will receive economic and technical bids for dredging the Atlantic side of the Canal. The bidding process started on February, and comprises underwater dredging of 15 million m3 of seabed, 800.000 m3 of dry excavation and deepening to 15.5 meters the Atlantic entrance of the canal. Costa Rica attracts Millicom and DigicelThursday, September 18, 2008 At the end of 2013 mobile phone services in Costa Rica will have reached at least $1,1 billion, according to calculations by market analyst, Signal Consulting. The forecast is based on the potential created by the opening of the sector after the creation of the Telecommunications Superintendence (SUTEL), which will paved the way for the entrance of new competitors in the local market. Consumption of Wine in Guatemala Up 68%Monday, October 11, 2010 In the past ten years the demand increased from 117,500 9-liter cases in 2000 to 197,750 in 2010. Data from Wine and Spirit Report (IWSR), an International market research firm, reports that 74% of wine consumption will be red wine, followed by a 24% of white wine and 2% of pink wine. Works Begin on Food Court at Tocumen AirportFriday, October 29, 2010 On November 15th the company will start works on the IMC dining area of the airport in Panama. The executive director of International Meal Company (IMC) for Central America, Jose Algarin, stated that with the $ 4.5 million investment will enable an area of 1,400 m2, where 10 restaurants will operate. Colombian Investments in Central AmericaThursday, January 20, 2011 EPM Group bought to Ashmore Energy International electricity distribution company ENSA of Panama and DELSUR of El Salvador for $ 200 million. The Corporate Group EPM (Empresas Públicas de Medellín) is dedicated to providing public services related to electricity, water, sanitation and telecommunications, through 12 subsidiaries. It is owned by the Municipality of Medellín, governed by Colombian commercial law. Nicaragua: AEI Acquires 47.5% of Amayo Wind FarmsMonday, May 17, 2010 Energy multinational AEI acquired 47.5% of wind farms Amayo I and II, which output 63MW of clean energy. AEI bought a 47.5% stake in both the Amayo I and Amayo II wind farms from Texas-based Arctas Capital Group, AEI said in a written statement. It then bought an additional 47.5% interest in Amayo II from Guatemalan firm Centrans Energy Services. |
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