Panamanian Industries ¿For Sale?

Over the past 12 years, at least 10 of the country's largest industrial companies were acquired by foreign capital.

Thursday, February 10, 2011

Rafael E. Berry, in his analysis in Panama America, details how from 2000 to date some of the largest Panamanian industries were acquired by foreign groups, including the National Brewery ($ 260 million), Cervecería Baru Dairy Industries ($ 220 million), and others like the largest manufacturer of bottles and companies from the food sector.

These transactions exceeded $ 900 million and were opportunities for their owners, since the buyers were market competitors.

The article adds that "the perception that all major local industries are owned by foreigners is not real. There is still a considerable number of manufacturing companies owned by Panamanian families, as is the case of companies in poultry processing, sugar, coffee processing, soap and oil factories, among others."

More on this topic

Guatemala: Differentiated Minimum Wages Needed

March 2015

The Executive argues that foreign companies planning to invest in the country desist from doing so if they are not provided with tax incentives and the possibility of paying differentiated wages.

The Government is continuing to put pressure on Congress to approve the Investment and Employment Act which has been temporarily suspended due to several actions of unconstitutionality presented before the Court.

CINDE: Investment Promoter in Costa Rica

September 2014

In light of questions raised about a private organization receiving state funding, the CINDE wishes to demonstrate its position and the concrete results of its stewardship in attracting foreign investment.

From a statement issued by the Costa Rican Coalition for Development Initiatives (CINDE):

FDI Up 8% in Honduras

May 2010

The country received $207 million in Foreign Direct Investment (FDI) during the first four months of the year, 8% more than the same period of 2009.

“Should this trend continue, FDI for 2010 would sum between $800 and $850 million”, reported Laprensa.hn.

Data from the Honduran Central Bank shows that in 2009 the country attracted just $484 million in FDI, the worst since 1999.

FDI Down to $31.47 Million Compared to 2008

October 2009

Less FDI arrived in El Salvador, according to data from the Investment Promotion Agency (Proesa), who recorded investments by 30 companies.

The drop is 5% when compared to the same period of 2008.

Proesa's director Luis Córdoba told Laprensagrafica.com: "We see, however... recovery signs... we expect investment activity to increase...".

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