GE Moves Regional Office to PanamaMonday, August 3, 2009 General Electric will move its regional headquarters for Central America and the Caribbean from Costa Rica to Panama. Ricaurte Vásquez, GE's regional director, informed they are evaluating where to install the new Panama offices. General Electric Rules Out Panama for LaboratoryWednesday, January 20, 2010 The company explained the country lacks the number of English-speaking IT specialists required for the project. GE needed to hire between 1.000 and 1.500 IT technicians and engineers for this initiative, and will move it to Chile instead. Lincoln Electric considers investing in PanamaThursday, January 22, 2009 The multinational company, a global leader in welding equipment, is considering expanding to the region via Panama. Prensa.com reports: "No decision has been made yet, but the company could set up a sales office or regional training center in Panama, or even an industrial plant. Company Profile Organization that operates in Costa Rica.
General Electric Opens New Site in PanamaWednesday, December 5, 2012 With an investment of close to a million dollars the multinational will attend to operations in Central America and the Caribbean from its new offices in Panama. Located in Punta Pacifica the new site also has a training and education center, GE Healthcare, for the use of its health related product. GE to Increase Investment in PanamaThursday, June 16, 2011 Invoking Law 41 regarding multinational headquarters, General Electric (GE), is looking at setting up a regional office in the country. If the project is put into action, the multinational would attend to all its operations in the Caribbean from Panama, devoting more than a million dollars to expanding infrastructure and increasing the return of workers. Spain Warns Against a Forex Company in PanamaWednesday, March 11, 2009 The Spanish securities regulator warned of an unauthorized investment firm based in Panama. According to the communiqué from the Spanish National Stock Exchange, the company with the commercial name Dextraplus (System World Investment Corp), based in Panama, is offering investment services without meeting the necessary requirements. Costa Rica: HAS Group is the new operator of Juan Santamaria airportWednesday, October 8, 2008 The Houston Airport System consortium will become the new airport administrator in December, replacing Alterra Partners. Yesterday, the Office of the Comptroller General authorized the transfer of the management contract that was held by Alterra since 2001. Company Profile Organization that operates in El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Panama Attracting Multinational CorporationsMonday, August 3, 2009 The special program established in 2007, aiming to bring big corporations to the country, is working out. Panamanian Industry and Commerce minister, Roberto Henríquez, stated that the country aims to receive $1 billion in foreign investment for every year of the current government. Luring Migration PolicyFriday, August 21, 2009 Panama's migratory flexible regulation is a key factor for attracting multinational companies. For General Electric (GE), the main motivation for moving its regional corporate headquarters from Costa Rica to Panama was not fiscal incentives, but flexibility in migration regulations. BAC-Credomatic Denies Sale by GEWednesday, June 9, 2010 Juan Carlos Sansón, general manager of BAC-Credomatic, stated that GE’s sale of BAC-Credomatic shares is “nothing but a rumor”. He told newspaper La Prensa that they don’t have any official information confirming that General Electric intends to sell Bac-Credomatic. He did acknowledge, however, that GE intends to reduce its participation in the financial market. Guatemala: Korean Interest in Energy InvestmentThursday, November 8, 2012 The 2013 tender for the construction of an 800 km electricity transmission line has drawn the attention of korean energy businessmen. The Korean ambassador, Choo Yeon-Gon, said the company Korean Electric Power Corporation (Kepco) one of the largest Korean generators, and seven of its subsidiaries, are interested in participating in the country's electricity market, as providers of transmission towers amongst other things. Banco de Bogotá Interested in BAC-CredomaticThursday, June 10, 2010 The Colombian Bank has made an offer to purchase 100% of BAC-Credomatic’s shares. The value of the offer was kept private, but it was known that it expires on the afternoon of June 10. Juan Santamaría's Commercial StrategyMonday, August 24, 2009 The new operator of International Airport Juan Santamaría wants to convert it into a connections center. As a strategy for luring more passengers into the air terminal, its operator, Houston Airport Systems Development Corporation (HASDC), plans to transform it into the connections center (hub) of a regional airline. |
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