With Big Data management techniques, companies can optimize their strategic business planning, by taking advantage of market and companies' data.
Big data has emerged as a powerful tool that organizations can use to leverage data-driven decision making for better strategic planning, determine which market niches of their products, are growing or shrinking, obtain traffic data of their stores or website, determining where they come from, what kind of devices they use, dwell time, and foot traffic patterns to help analyze which promotions and efforts are successfully driving their business.
More and more companies are turning to predictive analytics to optimize their processes, achieve better business results and increase their market share.
Organizations use internal predictive analytics to forecast trends, understand and predict customer behavior, improve performance and drive strategic decision making.
Global Bank Corporation has announced the acquisition in Panama of 100% of the equity interest of the Pension Fund Administrator Progreso.
From a statement from the Superintendent of the Panama Stock Exchange (SMV):
Global Bank Corporation - Signs promise of sale of shares contract with Banco Panameño de la Vivienda, S.A. ("Banvivienda").
A Subsidiary of Global Bank Corporation Bank Corporation (GBGR) signed on September 25, 2014 a promise to sell shares contract with Banco Panameño de la Vivienda, S.A. ("Banvivienda") to purchase 100% of the common shares issued and in circulation belonging to Progreso-Administradora Nacional de Inversiones, Fondos de jubilaciones y Cesantía, S.A. in the amount of $27,000,000.00.
Hydro Caisán requested permission for its second corporate bond issue which it aims to use to restructure liabilities.
After having completely placed a $130 million bond issue in 2012, the company Hydro Caisán, SA has asked the Superintendency of Securities (VPS) for approval for a new issue of up to $90 million, with the aim of paying off in advance the existing bonds of Generadora Pedregalito, S.A. and Generadora Alto Valle, S.A
The Spanish company Sacyr had already counted as actual income amounts the cost overruns that the Panama Canal Authority has refused to pay.
An article in Elpais.com reports that "Sacyr has counted its chickens before they've hatched. The consortium led by Spanish construction group has been recording in their accounts the additional costs incurred in the execution of the works to expand the Panama Canal as income, even though such items are not recognized by the Authority of the Panama Canal (ACP). Sacyr has confirmed the use of this accounting method, validated by the auditor, in response to a request from the National Securities Market Commission (CNMV) regarding their accounts. Although the construction group submitted its response to the supervisor last week, it conveyed an image of normalcy that gave no indication that they were about to suspend the most important work that is currently being executed."
Panamanian Congress has finally approved the law which imposes a safekeeping regime on bearer shares.
From a press release issued by the National Assembly of Panama:
Draft Law No. 568, which regulates shares by allowing their immobilization was approved by the plenary of the National Assembly on its third reading.
The standard, presented by the Minister of Economy and Finance (MEF), Frank De Lima, adopts a custody regime applicable to bearer shares and puts Panama one step closer to immobilizing them.
During the first six months of 2013 companies issued $637 million in corporate debt, a slower pace than 2012, as $3.07 billion was issued in the entirety of last year.
However it is expected that in the second half of 2013 emissions will increase to $1.694 billion, which would still represent a decline of 45% compared to 2012. "The current amount of issued debt is expected to increase with $500 million by Global Bank Corporation plus $150 million in corporate bonds by Credicorp Bank and $100 million in mortgage bonds by the Banco Panameño de la Vivienda S.A." reports Prensa.com.
An alternative solution to the perennial conflict of interest is paying for audits through a third party.
"Auditors are paid by the companies they audit, in the same way that rating agencies are paid by the companies they rate. That gives auditors an economic incentive to lie on behalf of their clients, even if it threatens their reputation. As the saying goes: Those who give the orders, pay", published Online.wsj.com.
With a generating capacity of 300 MW, Enel Fortuna is one of the leading providers of electricity in Panama, with average annual earnings of $58 million in the last five years.
The recent financial statements submitted to the Panama Stock Exchange (BVP), for 2012, reveal that the company has achieved total revenues of $187.8 million, while last year the figure was $185 million.
Together the 11 clusters listed in the Panama Stock Exchange posted profits of $254 million during the last quarter of 2012, 16% more than in the same period in 2011.
During the last quarter of 2011, profits made by these conglomerates amounted to $218.8 million.
"... the conglomerate's profits were led by Empresa General de Inversiones, with a profit of $69.5 million, an increase of 7.28% from the year 2011, noted an article in Capital.com.pa.
With a secondary market with little dynamism, competition for customers is increasing, with operators opting for different strategies.
Jorge Velez, manager of Interbolsa Panama, Santiago Fernandez, president of SFC Investment Company, and Arthur Mirando, vice president of Thales Securites, analyze the last year’s results of their respective companies, the stock market behavior, and strategies that they have adopted in order to grow.
The management of intangible assets such as reputation and brand, are a key part of good corporate governance.
The practice of good corporate governance should be a common rule for all types of enterprises, including family businesses, because it allows an increase in the availability and terms of securing financial resources and better agreements with other stakeholders.
The most perverse thing about the credit risk rating system is that it has weakened (deliberately?) the indispensable analytical skills of investors.
The resignation of Standard & Poor's chief executive of following the agency’s downgrading of the U.S.’s credit rating, reveals the fragility of the whole risk rating system.
Rating agencies are in the pillory, especially after episodes like the mortgage crisis of 2008 - or before that- the shameful Enron episode. It is not helping that it was the president of S & P who was the fuse that went off when the system became overheated by the sacrosanct downgrading of the United States’ rating.
The Network Co., a Central and South American investment bank, has completed $ 20 million in transactions since November 2010.
The founders expect to close transactions for over $150 million in corporate purchases, financing and funds marketing over the next 3 months.
"Network Co. involves a network of professional contacts which operate in each Central American country as wells as Mexico, Venezuela, Colombia and Peru, but also aims at entering the US market," said Daniel Choto of Elsalvador.com.