Canal Expansion: New Locks to Operate in JuneWednesday, March 23, 2016 The government has announced that the opening of the expanded waterway will take place on Sunday 26 June and confirmed that the work is 97% complete. From a statement issued by the Foreign Ministry of Panama: Draft for UN Regional Centre Project PresentedWednesday, May 25, 2011 The Panamanian Government proposes to build in its country, a UN Regional Centre for Latin America and the Caribbean. Construction of the UN regional center in Panama will cost an estimated $38 million. Panama-Colombia Electricity Interconnection Plan ReturnsFriday, March 22, 2019 After several years of carrying out studies of the work, the governments announced that they plan to begin working on the standardization of regulations to sign the agreement of the electrical interconnection project. In a press release published on March 19, Panama's Presidency stated that Panama's Energy Secretary, Victor Urrutia, informed that the Agreement required for the implementation of the electric interconnection project that will link the Andean and Central American systems will soon be signed. Panama Expocomer 2015 BeginsThursday, March 12, 2015 With the participation of over 600 companies from over 35 countries Panama's most important trade fair in Central America has been inaugurated. From a statement issued by the Chamber of Commerce, Industry and Agriculture of Panama: $124 Million Expected at Expocomer 2016Wednesday, March 9, 2016 The trade fair in Panama starts with 120 buyers in Central America and the Caribbean in the Atlapa Convention Center. In 2015, Expocomer managed transactions totalling $124 million and for the 2016 edition the organizers expect a similar or higher figure, as it has now sold out, according to statements made to Anpanama.com by Raul Delvalle, President of the Organizing Committee of Expocomer 2016. More ProtectionismTuesday, September 11, 2018 To correct alleged price distortions in the local market, the Panamanian government plans to regulate imports of beef from Nicaragua. The Ministry of Agricultural Development (MIDA)'s plan is to establish new import rules, which will aim to correct the "distortion in the price of beef paid for the local product." Canal Expansion: When The Cheap Option Turns Out to Be ExpensiveFriday, January 10, 2014 Having glossed over the Bechtel report on technical deficiencies in the very cheap proposal made by Grupo Unidos por el Canal for the Canal expansion, the project could now turn out to be very expensive for the ACP. At the time of the award of the construction works on the Panama Canal expansion to the consortium Grupo Unidos por el Canal (GUPC), the efforts made by the U.S. Expocomer to Open Its Doors in Panama TomorrowTuesday, March 3, 2009 Expocomer 2009 will be held at the ATLAPA Convention Center until March 7. Twenty-seven countries and fourteen trade missions will participate. Manuel Luna wrote in an article in Laestrella.com.pa: "This time the exhibition will focus on technology products and products related to the proposed Panama Canal expansion. The president of the Chamber of Commerce, Juan Ramón Varela, said that there is much optimism in achieving figures similar to the ones last year in terms of economic transactions." El Salvador Paves the Way Into AATuesday, September 24, 2013 The country has resolved the differences it had with Italy, allowing the Association Agreement with the European Union to enter into force as soon as possible. From a press release by the Ministry of Economy of El Salvador: Colombian Security Group GSC Eyeing Central AmericaFriday, March 26, 2010 “Grupo Seguridad Celar” (GSC) is looking to expand to Central America from its recently opened office in Panama. Juan Carlos Girardo, president of the company, explained that from Panama they are participating in government acquisitions in Dominincan Republic, Costa Rica, Honduras and Guatemala. Customs Charges Suspended at Paso CanoaThursday, July 16, 2009 In negotiations, regional transporters achieved the suspension of customs charges at Paso Canoa, Panama. Panamanian authorities committed to find a new way of transferring the costs generated by the entrance of merchandise to their owners. Expocomer 2015 Coming SoonFriday, March 6, 2015 The traditional event, in its thirty-third version, will include the speaker José Ugaz, a renowned fighter against corruption. From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP): Vacation Rental On The RiseTuesday, November 9, 2010 Tourists are renting more and more houses for leisure purposes, competing strongly with the traditional hotel industry. Vacation rental is defined as the renting of villas, houses, apartments or country estates for a few days or weeks, and is growing fast around the world. Central America is no exception to this phenomenon, which suits especially families or small groups. Scotiabank Expands Investment in El SalvadorThursday, March 15, 2012 The bank will invest between 5 and 7 million in the opening of 3 new branches this year. The CEO of Scotiabank El Salvador, Peru's Juan Carlos Garcia Vizcaino, confirmed the new investments in three new branches, the relocation of others and new channels and technology to improve customer service. Banco Popular de Costa Rica Seeks More Regional FundingFriday, July 12, 2013 Using standardized issuances, the Costa Rican entity intends to raise funds in the financial markets of Nicaragua, El Salvador and Mexico. The idea "... is to raise funds by issuing securities on the stock exchanges of these countries with the aim being that investors can obtain the funds and channel them into placing loans here," noted an article in Prensalibrecr.com. |
|