Social Housing: A $588 Million BusinessWednesday, July 26, 2017 Since 2015 to date, contracts have been awarded in Panama for $588 million to build 30,550 social interest homes, at an average price of $19,260 per housing unit. During the years 2015, 2016 and so far in 2017, the government of Panama has awarded $588 million in contracts for the construction of 30,550 social interest homes, paying an average price per housing unit of $19,260. Investment Grade for State-owned Electric PlantTuesday, April 2, 2019 Moody's assigned to Empresa de Transmisión Eléctrica de Panamá a Baa1 issuer rating, arguing that it reflects key credit strengths and is the only electricity transmission company in the country. Gilberto Ferrari, general manager of Empresa de Transmisión Eléctrica (Etesa) explained to Panamaamerica.com.pa that "... This qualification is one of the most important milestones in the history of the company and the energy sector of our country. Moody's Maintains Guatemala's Risk RatingThursday, July 18, 2019 Arguing that the economy reports stable growth, and that a prudent management of monetary and fiscal policy has been made, the agency decided to maintain in Ba1, with a stable perspective, the country's credit rating. The low fiscal deficit caused by strict controls on public spending and reduced indexes of public indebtedness, as well as a demonstrated economic resilience to extra-economic events, are other of Moody's arguments. Moody's Downgrades NicaraguaWednesday, February 19, 2020 Arguing that economic strength has weakened as a result of social tensions and is likely to leave a lasting negative impact, the rating agency reduced the country's credit risk rating from B2 to B3. "The risk of reduced access to official external credit is creating financing challenges and restricting the authorities' ability to support economic activity," the agency's report explains. Panama: Free Trade Zone for Fuel by Year EndThursday, August 12, 2010 The free trade zone in Colón, located by the port of Manzanillo, will be operated by the European company Oiltanking. "The Panamanian company Colon Oil and Services, S.A. (Coassa) installed four tanks, pipelines and pumping infrastructure on the site with an investment worth $14 million. The site will be managed by a European company with which negotiations are underway," reports Prensa.com. Interest Rates Rise Forecasted in Costa RicaFriday, January 22, 2016 An announcement from Moody's confirms the limited room for maneuver left to the country when obtaining external financing, compromising access to credit for the private sector. Costa Rica has received a new warning over a possible lack of access to funds in the international market with which to alleviate its growing fiscal deficit. After China's decision not to buy $1 billion in bonds , the rating agency Moody's anticipates a rise in interest rates in the country and a deterioration of credit and growth. Freight Rates in Central AmericaMonday, November 19, 2018 Transporting one metric ton of goods in Central America is estimated to cost $0.17 per kilometer, while in developed countries the cost is around $0.10 per kilometer. Transporting cargo more efficiently remains the greatest challenge that the countries of the region face to improve their competitiveness. According to data estimated by the United Nations and validated by the Economic Commission for Latin America and the Caribbean, currently the costs that companies incur to transport cargo in Central America are up to 40% higher than the costs assumed in some developed markets. Computer Services TenderFriday, June 22, 2018 The Central Bank of Honduras is putting out to tender license support and product update services with the SAP manufacturer and its respective technical and functional support, for a period of two years. Government of Honduras Purchase LPública No.24-2018: Tocumen: Five Bids for Cleaning ServicesMonday, March 23, 2015 Five consortia submitted bids for janitorial services at the airport in Panama City, and most of the bids were below the reference price of $7.7 million. Participating companies were Triangle Services, which offered $7.3 million, Eulen Panama Services, with $7.4 billion Pro Clean, for $8 million, and Brillantex and Treoc Tocumen both for $6.9 million each. Modernization of Puerto Cortés StartsTuesday, March 19, 2013 Meetings have started to define the strategies and actions to be taken in order to start the modernization works at the container terminal and general cargo port in Honduras. The working groups were composed of representatives from the National Port Company (ENP), the Executive Directorate of Revenue (DEI), Banco Ficohsa Workers Union and the ENP COALIANZA. Guatemala to Tender Postal ServiceFriday, May 20, 2016 The government has announced that it will be preparing the groundwork for convening an international tender for concession of operation of the postal service. Days after the closure of El Correo de Guatemala was announced, the government is finalizing details for the company to deliver the goods stored at its warehouses and provide continuity to the service, while a new tender is being prepared. Panama's Tocumen International Aiport Invites Tenders for Fuel SupplyMonday, August 30, 2010 Airport authorities are preparing the bid documents for the supply of up to 250,000 gallons of fuel per day. To date, four companies have been invited to tender offers: Ogden (current operator), Worldwide Aviation, Service Air and Aircraft Service International Group. Panama: Monopolistic Practices in Food DenouncedFriday, February 24, 2017 Four companies are being investigated for possibly having coordinated to manipulate prices in tenders in the dairy drinks market and to have divided up the market by geographical area. The companies that are being investigated by the Authority for Consumer Protection and Defense of Competition (Acodeco) are Productos Nevada S. de R.L.; Global Products and Logistic Services, Inc .; Industrias lácteas, S.A; Food and Sociedad de Alimentos de Primera, S.A. The Cost of Being a "High Risk" CountryMonday, February 25, 2019 The inclusion of Panama in the list of high-risk countries with strategic deficiencies in the battle against money laundering and terrorism would increase the operating costs of foreign banks in the country. A few days ago, the European Commission included the Central American country in a list of 23 nations classified as territories with lax measures and controls against money laundering and financing of terrorism. Cloud Services: New Service CenterFriday, February 26, 2021 Amazon Web Services announced that it will open an office in San Jose, Costa Rica, dedicated to supporting the cloud computing adoption process for organizations of all sizes, from startups to some of the oldest and most established companies. The new office will establish a local group of account executives, solution architects, partner managers, support staff and other functions for customers to engage directly with Amazon Web Services (AWS) in their local environment and language, reported the Costa Rican Coalition of Development Initiatives (Cinde). |
|