A Light at the End of the Tunnel for Textiles Factories in PanamaWednesday, March 21, 2012 After years of decline and closure of companies, the garment industry in Panama sees in the trade promotion agreement with the U.S., its passport to recovery. Panama's textile exports to the U.S. amounted to only $2.4 million in 2011. Common Mistakes of New ManagersWednesday, March 21, 2012 Keeping in the mind the easiest mistakes to make will help you start your management practice on the right foot. In the U.S., 40% of new managers fail to manage well and are dismissed. Financial Products for WomenWednesday, May 30, 2012 In Panama, banks are still not sufficiently appreciating the market potential that women represent for differentiated products. The Panamanian banking has not developed real special offers for women, except for a very few limited products. The "Cons" of the Panamanian Logistics HubWednesday, July 25, 2012 Panama has proclaimed itself the No. 1 logistical hub in America, but there are still some weak links in the chain. According to businessmen interviewed by Melissa Novoa and Oscar Brown for an analysis in Martesfinanciero.com, one of the weak links in Panama’s logistics chain is that "logistics are still not moving towards comprehensive e-commerce." A Comprehensive Logistics Law for PanamaThursday, July 26, 2012 The increased activity which comes from being a global logistics hub, expected to increase even more when the expanded canal is operating, requires an all encompassing regulatory framework. Cargo agency representatives agree that the lack of a regulatory framework leads to situations where the problem is solved at the discretion of the officer involved. Trade Growth in PanamaFriday, August 31, 2012 As a result of the economic dynamism, there is a constant arrival or creation of companies offering products and services to the Panamanian market. La Chorrera, Arraiján, San Miguelito and Panama City are the areas where announcement of start of operations are being made, the basic procedure for starting a business. Costa Rica's New Insurance MarketWednesday, September 2, 2009 Local company "Seguros del Magisterio", and two panamanian corporations, "Mundial" and "Assa", are the first new players in the market. Costa Rica's insurance market is the largest in Central America. This can be analyzed by comparing the assets of the state-owned National Insurance Institute of Costa Rica, with the other insurance companies of the region. Golden GarbageWednesday, October 6, 2010 About 3600 tons of garbage end up being buried in landfills every day in Panama, and 90% of this waste could be recycled, turning trash into cash. According to environmental experts, 90% of this waste could be recycled, turning trash into cash. And there are several Panamanian businessmen taking advantage of it. Dry Dock for Post-PanamaxFriday, October 29, 2010 The Canal expansion will need a dry dock and pier annex in order to accommodate the large Post-Panamax vessels in transit. The dam should be built at the mouth of the Canal over the Atlantic, since in their usual routes, "A large percentage of vessels arriving at this end of the Canal are empty or in ballast, and they usually already have complied with their cargo contracts. Credit for Entrepreneurs in PanamaTuesday, November 16, 2010 Credit needs for the entrepreneurial sector in the country reached $ 245 million. The figure comes from the study "Proposal of policy, strategy and action plan for implementation of micro-finance services in Panama", created by the Ministry of Economy and Finance, the Micro, Small and Medium Enterprises (Ampyme) and the United Nations Development Program (UNDP). No Future Without Common TariffsWednesday, January 26, 2011 "Only when there are real common external tariffs we will be able to take full advantage of the Agreement with the European Union." It is still important to keep this issue in mind. This was the warning given by the head of the EU mission in El Salvador, Stefano Gatto, who recalls that the full force of the Agreement with the European Union is contingent upon the existence of a common external tariff by all signatory countries. Panamanian Logistics Sector in 2011Friday, February 4, 2011 After a good 2010, Panama expects the logistics industry to continue to grow in volume and revenue during 2011. Both government and the private sector are working together to improve conditions which will strengthen the sector's growth. Present and Future of Health TourismTuesday, December 7, 2010 Globally, medical tourism spending has reached $ 60 billion and it is expected that in three years that figure should reach $ 100 billion. In Central America, Panama is just beginning to participate with less than 1% of that market, where Costa Rica is one of the largest players at 16%. New Panamanian Insurance Law In The WorksTuesday, February 23, 2010 Panama’s insurance industry grew from 17 participants two years ago to 27 today, and $850 million in insurance policies. An update to Panamanian insurance legislation has been discussed for the past 8 years. Talks are currently being held between insurers and regulators to modify Law 59 of 1996, the one currently in force in a growing, competitive insurance market. Front and Back of Panama's Tax ReformTuesday, March 2, 2010 Experts discuss the impact of a proposed 5% to 7% increase in the ITBMS tax, which is paid when transferring movable goods and providing services. Various analysts discuss the effect of this tax in the various sectors of Panama’s economy. The government is defending it by arguing it will be compensated with a decrease in the income tax. |
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