españolPork: Research Reaches WTOThursday, May 16, 2019 Panama notified the international organization of its decision to initiate a safeguard investigation into certain cuts of fresh, chilled or frozen pork. According to Resolution No. 003 of May 3, 2019, published in the Gaceta Oficial (Official Gazette), the Panamanian government ordered "to begin an investigation for the possible imposition of safeguard measures to the product Pork meat, fresh, chilled or frozen; in carcasses or half carcasses, bone-in or boneless, fit for human consumption, requested by the Asociación Nacional de Porcinoculturoes de Panamá (ANAPOR)." $25 Million in Residential ProjectThursday, May 16, 2019 In the district of Penonomé, Panama, works are expected to begin in the coming months to develop a 74-hectare plot of land, where a residential project will be developed. Etapa Uno PDB, S.A. presented the Environmental Impact Study (EIA) to develop the project called "Paseo del Bosque", which in this stage will include, among other works, the cleaning and conditioning of the land.
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Paper and Cardboard: Business up 2%Thursday, May 16, 2019 In the first nine months of 2018, imports of paper and cardboard in Central America totaled $1.806 million, recording a 2% increase over the same period in 2017. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics] $4 Million in Video Surveillance SystemThursday, May 16, 2019 In Panama, the installation, adaptation and maintenance service of the video surveillance system for the Colon Free Zone is tendered. Panama Government Purchase 2019-2-96-0-03-LV-010126: Construction Materials: Prices - April 2019Thursday, May 16, 2019 In the fourth month of the year, the price of the polarized box socket in Panama grew 12% over April 2018, and the stranded electric cable foot decreased 6%. The accumulated average from January to April 2019, compared to the same period of 2018, showed increases in the Indexes of the current collector unit for polarized box in 12.9%, the foot of Carriola N°4 in 7.9% and the foot of Zinc N°26 corrugated galvanized in 4.6%, informed the General Comptroller of the Republic. Electric Vehicles: First Recharging StationWednesday, May 15, 2019 The company Celsia installed the first electric station in Panama, which has a capacity of 7.2 kilowatts of power and is compatible with any electric model. The company that opened the electric station in Alta Plaza Mall aims to meet the energy demand of more than 100 electric vehicles in circulation in the country, and will recharge for free until February 2020.
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Fridges: Imports go down 12%Wednesday, May 15, 2019 Between January and September 2018, companies in Central America imported $291 million in fridges and freezers, 12% less than in the same period last year. In the first nine months of 2018, Central American countries imported $291 million in fridges and freezers, and 42% was purchased by companies in Guatemala and Costa Rica. Colon Free Zone Activity Begins 2019 DownwardWednesday, May 15, 2019 In the first three months of 2019, the commercial activity of the Panamanian Free Trade Zone reached $4.446 million, 15% less than that recorded in the same period of 2018. In the first quarter of the year, imports in the Colon Free Zone (ZLC) totaled $2,151 million, and re-exports totaled $2,294 million, decreasing by 13% and 17% from January to March 2018, respectively. $60 Million in Sewer Construction AwardedTuesday, May 14, 2019 Técnicas de Desalinización de Aguas S.A. and BTD Proyectos 12 S.A. were awarded the contract for the design and construction of the sewerage network in the village of Burunga, in the province of West Panama. On May 13, the resolution of the contracting process for the works to be executed in Burunga and the district of Arraijan was published in the portal PanamaCompra. Panama: An Overview of Public FinancesTuesday, May 14, 2019 The deficit of the Central Government's Total Balance up to March 2019 is $1.267 million, 1.8% of GDP, above the 1.4% recorded at the end of the first quarter of 2018. Total revenues with fiscal documents of the Central Government up to March 2019, totaled $1,618 million, with a 7.1% decrease with respect to March 2018, explains a report of the Ministry of Economy and Finance.
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Paint and Varnish Trading Falls 9%Tuesday, May 14, 2019 In the first nine months of 2018, trade in paints and varnishes between countries in the region totaled $91 million, down 9% from the same period in 2017. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics] Frozen Fruit Export: Growth is StagnatingTuesday, May 14, 2019 The strong growth reported in past years in foreign sales of frozen fruit from Costa Rica has declined, a situation that businessmen believe is because of market saturation. According to data from the Foreign Trade Promoter (Procomer), between 2016 and 2017 foreign sales of frozen fruit grew 21%, from $65 million to $79 million, but for the period between 2017 and 2018 the increase was just 1%, going from $79 million to $80 million. Panama Has a New PresidentMonday, May 6, 2019 Laurentino Cortizo, candidate of the alliance of the Democratic Revolutionary Party and Molirena, the new president-elect of Panama, will have to assume the leadership of a country whose economy has been slowing down in recent years. The most recent results of the Electoral Tribunal detail that Laurentino Cortizo, of the Democratic Revolutionary Party (PRD), won by a narrow margin, concentrating 33.2% of the votes. He was followed by Romulo Roux of Democratic Change with 31%, independent candidate Ricardo Lombana with 19.1% and in fourth place the ruling Jose Isabel Blandon only managed to capture 10.6%. See full results. Panama: The Most Dynamic EconomyMonday, May 13, 2019 According to the IMF, the Central American country has been the most dynamic economy in Latin America in the last three decades, reaching one of the highest per capita incomes in the region. A report published by the International Monetary Fund (IMF), and signed by Alejandro Santos, Panama's mission chief, and Metodij Hadzi-Vaskov, chief economist in the Western Hemisphere Department, explains that the country's growth is important, since the economy has grown at around 6% per year for a quarter of a century, well above other countries with traditionally strong growth such as Chile, the Dominican Republic and Peru, as well as twice the growth rate of Latin America as a whole.
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Radio Communication: Purchases Up 12%Monday, May 13, 2019 In the first nine months of 2018, countries in the region imported $100 million in communications radios, 12% more than what was purchased in the same period in 2017. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics] |
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Sunday, May 19, 2019 - last update: 6:13 pm
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