Korean Companies Interested in Central AmericaTuesday, June 29, 2010 Representatives from South Korean companies are touring Panama, evaluating different regional investment options. Several high profiles companies are represented in the trade mission: Samsung Electronics, Hyundai Motors Company, LS-Nikko Copper, Korean Air, Hanjin Shipping, Korea Federation of Textile Industries and the Export-Import Bank of Korea, among others. Panama Authorizes Chinese Bank LicenseTuesday, June 16, 2020 Panamanian authorities announced that the Industrial and Commercial Bank of China Ltd. was approved for a general license to operate in the local system. The information was confirmed by the head of the Superintendency of Banks, Amauri Castillo, who explained that the Asian banking institution will be able to operate in Panama's financial center and do business in and from the national territory. El Salvador could Issue $800 Million in Euro-bondsFriday, July 31, 2009 The objective would be to swap short term Treasury notes, which will expire soon. In May Congress approved a $1.800 million debt plan, which includes $800 million for facing the due date of short term debts, as well as $650 million for the expiration of foreign debt. Honduran Authorities Don’t Know Who Minerco Resources IsFriday, July 2, 2010 Minerco Resources Inc. (OTC: MINE) recently announced that it will develop hydro power plant “Chiligatoro”, but government sources stated they don’t know this company. In a press release published in MarketWatch.com on June 1st, it was announced that Minerco Resources had received approval from the National Energy Commission of Honduras to develop Hydro Power Plant Chiligatoro. Panama to Participate in 21 Fairs in 2012Thursday, January 5, 2012 The country will participate in 21 international fairs specializing in agricultural products, logistics, food, handicrafts and more. As of October 2011 the value of contracts signed at fairs amounted to $660 million, $34 million more than in the same period in 2010. More Cruises Arriving at AmadorTuesday, April 10, 2018 The number of tourists that arrived at the Amador marina in the first quarter of the year almost tripled compared to the figure for the same period in 2017, and the number of cruises grew by 45%. From a statement issued by the Tourism Authority of Panama: Costa Rica Prepares New International Debt IssuanceThursday, March 27, 2014 The government is working on a bond issue in the international market for $1 billion, with terms of between 10 and 30 years. The bond issue was structured by the Bank of America, Merrill Lynch and Deutsche Bank according to information provided by Jordi Prat, Deputy Minister of Investment and Public Credit. XIII Edition of Fine Coffee Tasting in PanamaTuesday, May 5, 2009 Thirty samples of the best coffee from Chiriqui will participate in the "Best of Panama 2009" fine coffee tasting, from May 7 to 9. The event was organized by the Specialty Coffee Association of Panama, with the participation of 15 international tasters from the United States, Norway, Holland and Costa Rica. Panama will be the first home port for cruise ships in Central AmericaMonday, December 8, 2008 The Colon 2000 port, Colon and Panama cities, were debuted yesterday as the home port for a big cruise ship. The new Colon terminal experienced the launch of the Enchantment of the Seas, a Royal Caribbean Ship that will sail the southern Caribbean with approximately 2600 passengers for the next six days, visiting Cartagena and Santa Marta in Colombia, Aruba, Curacao and Bonaire. Costa Rica: Telecommunications to Create 3.500 JobsWednesday, June 16, 2010 The opening of the telecommunications market in Costa Rica could create 3.500 jobs in the short term. This was one of the conclusions of a forum called “Opening of the Telecom Market: What is in store for us?”
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. 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. Coffee Cultivation and Climate ChangeWednesday, September 13, 2017 A study by the Smithsonian Institute predicts that by 2050 the areas suitable for coffee cultivation in Latin America will have been reduced by 73-88%. From a report by the Smithsonian Institute: 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: |
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