Conditions Improve for Panamanian ExportersWednesday, July 1, 2009 The Free Trade Agreement with Guatemala added to those with Taiwan, Singapore, Chile, Costa Rica, and Honduras. The group of countries that allow a wide variety of tariff-free Panamanian products through free trade agreements will be expanded with the ratification of the agreement with Nicaragua, creating a larger network of favorable markets. This can offset the decline in revenues caused by the global crisis. Panamanian CoffeeWednesday, May 16, 2012 Lower production and higher input costs have caused the price of coffee in Panama to rise by nearly 40%. A pack of 425 grams of ground coffee that cost $08.04 in March 2010, now costs $6.59, according to the Basic Food Basket. Você fala Português?Friday, June 29, 2012 If you are part of the business community in Panama, you should consider the rapid growth of Brazil's influence in the economy of the canal country. Until recently, if you thought it necessary to speak a third language for doing business in Panama, apart from the then the indispensible English, a quick response would have been "Mandarin". "Tudo vai da certo!"Tuesday, July 10, 2012 Everything will be fine! This is the Brazilians life philosophy, and a phrase being heard more and more in Panama, Brazil's new found partner in Central America, in its era as the world's sixth largest economy. An analysis of the issue by Oscar Castaño Llorente in Martesfinanciero.com review comments like those of Jose Antonio De Obaldia, director of operations for FedEx Express, to demonstrate the beneficial synergy between the giant Brazil and the Central American logistics hub, "The economies of Brazil and Panama play an important role in the economic development of Latin America and the Caribbean, being the fastest growing and most stable in the region. " Economics of Corporate ReputationWednesday, July 18, 2012 Corporate reputation is the perception that stakeholders have of how a company meets their respective expectations. At its core, reputation is an emotional impulse that emerges as feelings of admiration, respect, trust and a good impression of the company. It is not to be confused with corporate responsibility, as it sometimes is. Insurance and the US FATCA LawWednesday, August 8, 2012 How insurers are affected by the new regime requiring reports to the U.S. government from foreign financial institutions. An article in Martesfinanciero.com reports that in Panama, "those involved in the sector are awaiting the outcome of an agreement between Panama and the U.S., so as to 'adhere to a regulation that has not been signed yet", says Dino Mon, vice president of Mapfre Panama. " Panamanian Hotel Investment Goes On Despite CrisisWednesday, July 22, 2009 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". Mobile Internet Is the Way ForwardWednesday, July 7, 2010 Telecoms companies should cut their package prices to enable mass Internet access. "While Latin America is one of the regions with most cell phones (three for every PC), the reality is that the telcoms companies are still conspiring to limit the inevitable growth in using them for web-access." Coronado: Panama's Fort LauderdaleTuesday, August 18, 2009 83 km southwest from Panama City, the crisis is barely noticeable. Villas, luxury residences, resorts, sport complexes and buildings keep on growing. Two shopping centers are being constructed to serve the population, to reach 52.000 by 2010. Named The Village and Coronado Mall, $30 million are being invested in them. International Artists: Good BusinessTuesday, November 17, 2009 Audiences are willing to pay from $25 to $350 to watch the performance of renowned artists. Organizing musical events with international artists is a rising business in Panama. While performers might charge from $70.000 to $500.000, depending on their prestige, organizers of the activity make a profit of between 20% and 40%. 10 Thousand Jobs in HotelsTuesday, November 24, 2009 In the next two years, Panama will inaugurate 6.000 new hotel rooms, 80% of them located in the capital city. An article by Kerem Perez in Martesfinanciero.com remarks that "Currently there are 5.765 hotel rooms in Panama City alone, and around 2.000 will be opened in the next months (630 belong to Riu Hotel and 1.400 to Hotel Megápolis), in addition to a number of hotels announced previously, including 4 from the Hilton chain". Panama: Less Requisites for "low impact" ConstructionsTuesday, September 14, 2010 Any projects in Category 1 will no longer require environmental impact studies (EISA for its Spanish acronym), those studies will be substituted by the use of "Good practices guides". For the approval and execution of constructions in Categories 2 and 3, the environmental impact studies will stay. Cooperatives On the Rise in PanamaTuesday, November 23, 2010 The cooperative legal structure is becoming increasingly important in the country, especially in the multi-service and credit unions format. According to statistics from the Panamanian Autonomous Cooperative Institute (IPACOOP), the country has 521 cooperatives, which manage a total of $ 1.4 billion. 80% provide multiple services or credit and savings products. Brazilian Coffee Harvest Down 13%Tuesday, January 11, 2011 The Brazilian Ministry of Agriculture predicted coffee production will fall this year by 13% as trees fall into the lower half of the biennial performance cycle. As outlined in the article in Martesfinanciero.com, "Farmers will harvest between 41.9 million and 44.7 million bags this year, compared to 48.1 million bags harvested last year, stated Conab on its website, a department from the Ministry of Agriculture specializing in crop forecasting ." Auto Sales Picking Up Steam in PanamaTuesday, June 15, 2010 Consumers are hurrying to apply for car loans, as a new selective consumption tax comes into force on July 1st. This new tribute will increase the cost of a vehicle in up to 2%. |
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