Cold Chain Project Starts in PanamáTuesday, July 7, 2009 The project that aims to reduce post harvest losses in Panama started with the creation of the Cold Chain Secretary. In the first 100 days of the Ricardo Martinelli administration, the Secretary of the Cold Chain, who is still to be named, will have to present a proposal for the program. Australia Explores Investment in PanamaTuesday, May 8, 2012 The two countries will seek to intensify their economic cooperation and explore business opportunities. These issues were discussed at a meeting between the President of Panama, Ricardo Martinelli, and the Special Envoy for Latin America sent by the Prime Minister of Australia, Julia Gillard, Ambassador John McCarthy. New Route to Link the AmericasThursday, July 30, 2009 Panamanian president Ricardo Martinelli proposed a new alternative for a highway linking the Americas, through Kuna Yala. At the Tuxtla Summit, hosted by Costa Rica, the proposal of a highway linking Colombia with Panama was discussed again. This road would travel through the so called "Darién Gap". Canada and Panama Sign FTATuesday, August 11, 2009 Under the agreement, sea products, glass casings and pottery, among others, will enjoy free access to the Canadian market. The agreement was signed by Panamanian President Ricardo Martinelli, and Canadian Prime Minister Stephen Harper, in Panama City. South Korea Will Contribute $325 Million to CABEIThursday, July 1, 2010 The Asian country confirmed its membership in the Central American Bank for Economic Integration. The announcement was made by Panamanian President Ricardo Martinelli, at the end of the third summit of the Central American Integration System (SICA) in Panama. SICA Summit BeginsTuesday, July 20, 2010 The Summit of the Central American Integration System (SICA) has started in El Salvador; its participants will discuss regional integration and security topics. The presidents of Guatemala, Panama, Costa Rica, Honduras and El Salvador will take part in the activity. Panamanian Metro Has $1 Billion FinancingWednesday, August 19, 2009 Brazil's Development Bank will provide the government a $1 billion credit line for the construction of the Metro. President Ricardo Martinelli announced: "We requested $1 billion, but they offered us an unlimited credit line. For that we must thank the minister and President Lula". Franchises of Political ModelsThursday, November 26, 2009 Latin American businessmen are proposing franchising a 'political-corporate' development scheme to counter the prevailing 'Chavez model'. Panama's new government, headed by successful entrepreneur Ricardo Martinelli, might be an example of the political model proposed by the latest CEAL Assembly (Latin American Business Council). Spanish Companies to Increase Investment in PanamaMonday, November 15, 2010 They are interested in increasing investment in sectors such as energy, tourism and infrastructure. President Ricardo Martinelli received the Minister of Industry, Trade and Tourism of Spain, Miguel Sebastian. Inmet's Minera Panamá to Invest $25 Million in 2011Wednesday, April 6, 2011 Minera Panamá, a subsidiary of Inmet Mining Co., is to invest $25 million this year in infrastructure projects and environmental management. Ricardo Martinelli's presidential visit was the setting for the announcement of a 720 hectare "Reforestation and Ecological Recuperation Plan", which will add to the 210 hectares that have already been reforested. Panama: Change in Income CalculationMonday, May 4, 2009 Ricardo Martinelli, president-elect of Panama, announced changes to Income Tax Calculation (CAIR), which is highly questioned by the business sector. CAIR implies that the income tax of natural and legal persons is determined through a double calculation, with taxes being paid on the higher figure. Panama Reveals Oil DataFriday, October 5, 2012 The Energy Department has released to interested companies databases with information on technical studies. An article in Laestrella.com.pa reports that "So far, companies in the U.S., Colombia, Brazil, Mexico and Europe have expressed interest in participating in the surveys, according to the National Energy Secretariat." Colombian Companies Interested in Electrical InterconnectionFriday, April 5, 2013 The project has resurfaced with the interest shown by Empresa de Energia de Bogota and Celsia, two Colombian companies. "The first to express their intentions was the Empresa de Energía de Bogotá (EEB), after the president, Ricardo Martinelli, announced on March 13 that Panama would not continue with the work, which would represent an investment of 500 million dollars" , reported Prensa.com. Concessions for Oil and Gas Explorations in PanamaFriday, August 9, 2013 President Ricardo Martinelli has announced that concessions for prospecting and exploring oil and natural gas will be awarded before the end of year. Laestrella.com.pa reports that "The President addressed the issue when speaking about the interest that his administration has in getting more companies interested in investing in the production of sugar and ethanol in Panama." Controversial Bond for Liquor Sellers EliminatedTuesday, July 30, 2013 Panamanian Congress has approved the elimination of a performance bond of between $3000 and $75,000 to be paid by shops who sell alcoholic beverages. According to Jose Noriel Vega, president of the National Association of Bars, Pubs and Business Dedicated to the Sale of Liquor, they are waiting for the president, Ricardo Martinelli, to sanction the law. |
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