Projections are that for the five year period between 2015-2020 there will be a shortfall of 70,000 workers in the sectors of construction, logistics, tourism and agriculture.
According to the National Competitiveness Center, in the specified period there will be a shortage of workers especially in the logistics sector, where they will need at least 35,000 technicians, ie 49.5%, while in the construction area demand will be for around 28,000 people, representing 40.3%. In the case of the tourism sector it is estimated that it will require approximately 4,113 technicians, ie 5.7% and in agriculture about 3,203, the remaining 4.5%.
Panama exemplifies the relevance of air, sea and telecommunications connectivity for the competitiveness and economic growth of a country.
Having sea and air connectivity with the rest of the economic world is one of the main factors that has enabled the Panamanian economy to achieve higher growth rates, which are on average 7% per year.
On February 13, representatives from the education and business sector will meet to discuss challenges and achievements in teaching English.
From a press release issued by the Chamber of Commerce, Industries and Agriculture of Panama:
For the first time, representatives from the Panamanian education and business sectors will gather together to discuss challenges and achievements in the field of teaching English at the First National Bilingualism Forum entitled "Building Competitiveness".
In order to facilitate access to inventory credit for SMEs plans are underway to reform the Law flexibilizing on chattel mortgages.
From a press release by the Ministry of Economic Affairs and Competitiveness:
"The Cabinet Council has approved a bill that promotes access to credit and modernizes the system of mortgage deposits and has authorized the Minister of Trade and Industry, by Resolution of Cabinet, to present the initiative before the National Assembly.
Panama is looking to incorporate into the formal sector 185,000 micro businesses who have annual sales of less than $150,000 .
From a report by the Cabinet of the Presidency of Panama:
The Cabinet gave approval to a bill that creates Limited Liability Microenterprises ('Microempresa de Responsabilidad Limitada' or MRL) and providing incentives for the inclusion of the informal sector in the formalized economy and authorizing the Minister of Trade and Industry, through Cabinet Resolution to submit the rule to the National Assembly.
Panama shines in 10 indicators of competitiveness considered to be of first world quality, but in another 10 is among the most backward nations.
According to an article in Capital.com, in the Global Competitiveness Index of the World Economic Forum, the country fails in "Independence of the Judiciary, Female participation in the work force, Costs of crime and violence for companies, Quality of math and science education, Wages and productivity, HIV prevalence, Rate of enrollment in secondary education and Inflation, among other things. "
On the Pacific coast connectivity gaps have been identified between the load terminals and logistics centers and production.
This situation occurs in both the Port of Balboa, operated by the Panama Ports Company, as well as the Rodman port which is operated by the Port of Singapore Authority (PSA).
International experts say that Panama needs more logistics parks on the Pacific coast in order to fully exploit all the country's advantages.
Given its excellent maritime infrastructure, Panama could get more growth in the logistics industry if it had logistics parks near ports in the Pacific, said Casey Chroust, senior vice president of operations for the Retail Industry Leaders Association (RILA), an association of the major U.S. retailers.
The National Competitiveness Center will hold for the sixth consecutive year, the National Competitiveness Forum, on Thursday 27th and Friday 28th October at the Hotel Inter Continental Playa Bonita.
In the opening ceremony, on October 27th , the keynote speech will be given by Luis Alberto Moreno, chief executive of Inter-American Development Bank (IDB).
Organized by the National Competitiveness Center the forum will take place on the 18th and 19th October.
The forum is a tool to create a scenario of convergence for public and private sectors in order to build partnerships and promote actions to increase competitiveness.
European negotiators of the Commercial Agreement of Association confirmed that banana exports from the region to Europe will receive preferential treatment.
Nicola Ardito, a member of the EU negotiating team, said in a statement to a group of Central American reporters that "there will be preferential treatment for banana.
The VI International Forum on Management, Marketing y Business analyzed the need to take advantage of the benefits offered by the Panama Canal.
The former president of Panama Nicolás Ardito Barletta spoke of the importance of the Panama Canal for "hemispheric logistics" and its potential to "improve the competitiveness" of the countries in the region during his presentation on a panel called "Geopolitics and Investments."
Leaders of Panama's private sector and the government are to hold their third annual National Forum on how to make the nation's industries more competitive.
The forum will be held in October, and in recent weeks the targets from last year's forum have been analyzed with a view to identifying those that have been achieved and those that have not.
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