españolBank Profits Improve in PanamaFriday, July 20, 2018 Entities in the International Banking Center generated profits of $670 million in the first four months of the year, 11% more than in the same period in 2017. The April result for the Banking Center, which includes general and international license banks, shows growth of 10.6%. The increase in Net Income is the result of increases in non-recurring financial income, such as the purchase and sale of securities and transactions with derivative instruments, and on the other hand, a decrease in provision expenses, as a result of the entry into force of IFRS 9, which has allowed banks to make an adjustment against retained earnings, informed the Superintendency of Banks. Coffee: Still "Gold" in Central America?Friday, July 20, 2018 In the last six years the average export price of Central American coffee has been trending downwards, with the price per kilo falling from $4.51 in March 2012, to $3.10 in the same month in 2018. Figures from the information system on the Coffee Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Panama: Furniture Imports up to March 2018Thursday, July 19, 2018 In the first quarter of the year, the country reported $27 million in purchases of home and office furniture, and imports from Italy grew by 21% compared to the same period in 2017. Figures of the information system on the Market for Home and Office Furniture and Parts in Panama, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Panama: Economic Activity Slows DownThursday, July 19, 2018 After registering average increases of almost 4% in the first four months of the year, during May the IMAE reported a weak increase of 0.76% compared to the same month in 2017. From a statement issued by the General Comptroller of the Republic: Construction Materials: Prices as of June 2018Thursday, July 19, 2018 From January to June 2018 in Panama the price of a 30-foot section of steel rod grew by 16%, and that of a foot of electric cable increased by 6% compared to the same period in 2017. The annual average cumulative behavior from January to June 2018, with respect to the same period in 2017, showed increases in the Price Indexes (PI) of a 30-foot section of ½" steel rod, of 16.1%, a foot of Stranded electrical cable N ° 12 of 5.5%, a socket unit for polarized box of 4.6%, reported the Comptroller General of the Republic. Footwear: Trade in Central AmericaThursday, July 19, 2018 Between January and March 2018 the region imported $168 million worth of footwear and parts, and purchases in Vietnam and Brazil increased by 14% and 4%, respectively. Figures from the information system on the Market for Footwear and parts in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Expectations for the Agricultural SectorThursday, July 19, 2018 Plant diseases such as rust in coffee plantations, added to an oversupply of sugar worldwide, explain some of the moderate expectations that entrepreneurs have for some of the most important agricultural products in the region. Representatives of the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (Cacif) of Guatemala believe that the deceleration that has been registered in international prices of some raw materials and agro-industrial products suggest a decline in local production. Pharmaceutical Business Figures in GuatemalaWednesday, July 18, 2018 Last year the country imported $615 million worth of pharmaceutical products, and 55% came from Panama, Mexico and El Salvador. Data from the information system on the Pharmaceutical Products Market in Guatemala, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Tender for Affordable Housing for $7 millionWednesday, July 18, 2018 The Ministry of Housing in Panama is putting out to tender construction of 400 social interest housing units in the district of Barú and David, in the province of Chiriquí. Panama Government Purchase 2018-0-14-0-04-LV-013412: Communication Radios in Central America: Market FiguresWednesday, July 18, 2018 Last year, countries in the region bought $124 million worth of communication radios, and 67% were imported by companies in Costa Rica, Nicaragua and Panama. Figures from the information system on the Market for Communication Radios and Similar Devices in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Cost of Freight Transportation Becomes More ExpensiveWednesday, July 18, 2018 Guatemalan business leaders have denounced the fact that due to the crisis in Nicaragua that is now affecting the region, the cost of transporting goods by sea has increased between 30% and 40%. Representatives from the Chamber of Industry in Guatemala (CIG) and the Guatemalan Chamber of Food and Beverages (CGAB), reported that due to the Nicaraguan crisis which started in mid-April and has deepened with every week that has passed, entrepreneurs have reported increases in their transportation costs caused by the difficulty of traveling through the territory under conflict. Tender: Sanitation Units for $37 millionTuesday, July 17, 2018 The Ministry of Housing in Panama is putting out to tender construction of 10,500 basic health units in the provinces of Coclé, Chiriquí and Herrera. Panama Government Purchase 2018-0-14-0-02-LV-013415: $7 million Tender for TankersTuesday, July 17, 2018 The Panama Fire Department is putting out to tender eight tanker trucks with a capacity of 4,000 gallons of water each. Panama Government Purchase 2018-1-51-01-08-LP-001310: Alcoholic Beverages: Market Figures in 2017Tuesday, July 17, 2018 In 2017, countries in the region recorded imports of alcoholic beverages totalling $334 million, which is an increase of 3% compared to the figures reported in 2016. Figures from the information system on the Alcoholic Beverages Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Good Numbers Continue in Colon Free ZoneTuesday, July 17, 2018 During the first semester of 2018, commercial activity in the free zone generated $10.781 billion, registering an increase of 8% with respect to the amount registered in the same period in 2017. |
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Monday, July 23, 2018 - last update: 4:07 pm
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