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.
Treatment and recovery of oily waste is a growing activity in Panama, in a time of economic boom and environmental awareness.
Sherly Díaz's article in Martesfinanciero.com reports that "Environmental conservation has been gaining ground in Panama, with the number of companies involved in recycling having increased, as has been the case with oils or lubricants.
More and more foreigners settle in Panama, requiring a wide range of different services.
According to preliminary data from 2010, more than 12.000 work permits were given to foreigners, including executives of multinational companies or those coming from other places in search of better opportunities.
Despite feeling the crisis, investment in some sectors remains remarkably high, among them Hotels.
An article in Martesfinanciero.com indicates that "Reports from the General Comptroller of the Republic reveal that 110.487 passenger enetered the country in May, a drop of 18.0% when compared to the same month of 2008, when 134.784 people where registered".
In the last five years, 25% was growth registered in the number of people who attended the cinema, and new investments in more screen rooms are planned for 2017.
Projections for the end of the year are that over 6 million people will have visited the cinema, thanks to the opening of new rooms, explained Michael Joseph, CEO of United International Pictures (UIP), to Martesfinanciero.com.
Despite the losses caused by problems with currency repatriation, the Panamanian airline plans to keep operating its flights to Venezuela.
Pedro Heilbron, CEO ofCopa Airlines, told Martesfinanciero.com that"... for Copa Airlines, Venezuela represents a commitment to connecting travelers with both Panama and with the rest of the region, although he admits that the losses recorded by operations in that country have affected them. "
Western Union Panama and the pawn and loans company Más Me Dan have joined their distribution networks in order to capitalize on the growing market for sending and receiving money.
In the first half of the year alone $223 million was sent to Panama in remittances, while $395 million was sent out, to destinations such as Colombia, China and the United States, the three main recipients, followed by Nicaragua, Mexico and Costa Rica. To Colombia alone, $100 million was sent in the period in question.
The areas where most of the developments planned by the National Housing Promoters are located are Panama City, San Miguelito, Arraiján and La Chorrera.
The investment is around $1 billion for the construction of about 9,607 houses and apartments in different price ranges, ranging from $30,000 to $50,000. In 2014 7.721 homes were sold for a total of $827 million.
With an initial investment of $5 million the Venezuelan company La Regional de Seguros started operations in Panama under the name Estarseguros.
Martesfinanciero.com reports that "Estarseguros is the name of the first branch in the Panamanian market of the Venezuelan insurer La Regional de Seguros , which started operations from the month of November."
The litigant must bear the costs of the judicial process when they posses a monthly income over $500 or own property registered in the Public Registry.
An article by Alvaro Santana in Martesfinanciero.com reports that "In Panama, the administration of justice is free and there are no fees or taxes" with attorney's fees, making up about 80% of the costs of litigation.
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