MARKET STUDY
Furniture in Panama: Who Leads the Business?Thursday, September 26, 2019 In the importation of home and office furniture, it is estimated that Muebles Jamar S.A., Furniture City S.A. and Pricesmart S.A., account for around 10% of the market share. The platform "Company's Corporate System", complied by the Business Intelligence Unit at CentralAmericaData, provides data on the companies according to sector, main activity, volume and figures of their imports, exports and other relevant data. $111 Million Awarded for UrbanizationThursday, December 13, 2018 Ingenieria Rec, S.A. was awarded the urban renewal project "Altos de Los Lagos - Second Stage," which consists of the construction of 1,620 homes on a 23-hectare site. On December 12th, the contract for the urban renewal project of the City of Colon was published in the portal PanamaCompra, which includes a second phase located on a polygon of about 23 Hectares, in Los Lagos sector, Cristóbal neighborhood, Colón District, Province of Colón and which will be called "Altos de Los Lagos Project - Second Stage." Plan to increase Canal toll maintainedThursday, February 5, 2009 The increase from $63 to $72 in the toll for Twenty-foot Equivalent (TEU) containers is scheduled for May 2009. Prensa.com reports: "In 2007, it was agreed that the toll increase would happen in three stages and the plan still stands, said the administrator of the Panama Canal Authority (ACP), Alberto Aleman Zubieta. Panamanian coffee selected by auction the second most expensive in the worldMonday, April 21, 2008 During the twelfth edition of the event "The Best of Panama" last week, the lot of Geisha coffee from the Carlos Castillo finca was declared winner out of 16 entries, Francisco Serracín of the Association of Special Panamanian Coffees reported today. Judges scored the winning entry at 93 out of 100 possible points. Panama's Banco General receives US$160 million syndicated loanTuesday, June 3, 2008 Panama City's leading bank, Banco General, received a US$160 million syndicated loan coordinated by Unicredit and BNP Paribas. The bank said that the loan – which is divided into two tranches, one of two years, the other of three – will broaden and diversity its sources of financing. The interest rates were not revealed. The Panama Canal and Ports in USAFriday, September 16, 2011 The agreement between the Port of Corpus Christi and the Panama Canal reaffirms the importance of the extended waterway for the ports in the Eastern U.S and the Gulf. A statement from the Panama Canal Authority (ACP) reads: Marketing the Canal ExpansionWednesday, October 12, 2011 The Panamanian Canal Authority has agreed with U.S. ports to cooperate in advertising and marketing the new possibilities offered from 2014 onwards. Under the framework of a permanent strategy, the Panamanian Canal Authority (ACP) has been forming strategic alliances with Eastern and Southern ports in the U.S., such as the ports Everglades, Florida, New Orleans, Louisiana, Philadelphia, Pennsylvania and Corpus Christi and Freeport in Texas. Companies Bid for Malek Airport in PanamaWednesday, March 24, 2010 Between 10 and 12 companies are expected to submit their bids todays for designing and building the expansion of Airport Enrique Malek. The estimated cost of the project is $30 million. Local air tariffs increase in PanamaFriday, January 30, 2009 The Civil Aviation Authority (ACC) approved an increase of up to $10 for local flights that will become effective January 31, 2009. Prensa.com reports on its website: "Fly from Panama to David, Bocas del Toro and Changuinola will cost $10 more starting tomorrow, according to a resolution approved by the Civil Aviation Authority (ACC) on January 22. The air tickets for these destinations have gone from $70 dollars to $80, and increase of 14.3%." Opportunities for Coconut Water in the EUTuesday, June 5, 2012 Current consumption in the European market has reached $65 million and is still growing, estimated to reach $200 million in 5 years. A statement by PROCOMER reads: Award of $105 million Contract for Fuel SupplyTuesday, August 29, 2017 CLH Aviación has won the tender to supply fuel and lubricants at Tocumen International Airport and at regional terminals for the next 120 months. From a statement issued by Tocumen International Airport: Panama Sells "Geisha" Coffee at Record PriceWednesday, May 26, 2010 The coffee variety reached a record price of $170.2 per pound, at an online auction named “Best of Panama 2010”. Called “Esmeralda Special”, this Geisha variety from plantation “Finca La Esmeralda” was bought by Japanese company Saza Coffee. They acquired 50 pounds, paying $68,080. Panama and Dominican Republic sign open skies agreementThursday, July 3, 2008 An open skies agreement signed by Panama and the Dominican Republic will allow unlimited mutual access to existing flight routes between the two countries. The agreement was signed July 1 in Santo Domingo by the director of Panama's Civil Aviation Authority, Eustacio Fábrega, and the president of the Dominican Civil Aviation Board, José Luis Rodríguez Ariza. Government of Panama to invest $5 million in airportsTuesday, October 14, 2008 The government will invest in improving the infrastructure of four aiports in the capital and interior of the country within the next six months, an official source reported today. The airports are the Bocas del Toro airport in the province with the same name, the El Real Santamaria airport in Darien, the Puerto Obaldia airport in the Kuna Yala indigenous region and the Marcos A. Panama Increases Cruise Ship OfferThursday, November 4, 2010 A new Royal Caribbean cruise will depart on Sundays from the terminal in Colon. This is the Grandeur of the Seas, which will begin a schedule of 20 departures every day starting Sunday April 24th. |
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