españolUS Trade Mission touring regionTuesday, October 28, 2008 A trade mission from the Southern United States Trade Association (SUSTA) began a regional tour yesterday in Panama and will also visit Costa Rica, El Salvador and Guatemala. Representatives from 31 American companies interested in the regional market will meet with potential local partners in order establish commercial relations during the two-day stay in Panama. They will be in the region until the 4 of November. $246 million for hotel in PanamaThursday, November 6, 2008 Nortia Real State, Manuel Lao's real estate company and who is president of the Cirsa Group, will invest in a big hotel in Panama City. Manuel Lao spoke about the project last night at a dinner which included several important figures on economics and finance from Barcelona. He also mentioned that the project will also have the support of the second vice president of Panama, Ruben Arosemena. ‘Geisha Natural’ Coffee Dominates Online AuctionWednesday, May 25, 2011 A new variety of coffeee called Geisha Natural participated for the first time in "Best of Panama" competition, and reached the highest price in the auction. The coffee from the Don Pachi State farm was sold at $111.50 a pound. Ex-Im Bank Offers Panama FinancingWednesday, May 23, 2012 The Export Import Bank of the U.S. is interested in companies or infrastructure projects in key sectors. "We are interested in financing infrastructure projects in the logistics sector, ports, energy and roads, which are key to the commercial movement in this country", said the executive Sean Mulvaney, a member of the board of the U.S. government agency, who recently visited the canal country. New Application Presented for PUMA-ESSO MergerFriday, November 4, 2011 The Superintendency for Competition in El Salvador has agreed to hear a resubmitted economic concentration application by Puma Energy. A press release from the Superintendency for Competition (SC) states: PUMA-ESSO Merger Application Declared InadmissibleWednesday, September 21, 2011 The Superintendency of Competition in El Salvador has declared an application for economic concentration between PUMA and ESSO inadmissible, on the grounds of failure to submit complete information. A press release from the Superintendency of Competition (SC) reads: Bantrab of Guatemala will increase its international funding baseTuesday, November 4, 2008 The Master Guarantee Agreement will allow the Workers' Bank to receive $10.61 million in funds. The agreement was signed by the Central American Bank for Economic Integration (BCIE) and the Workers' Bank (Bantrab) and guaranteed by the Export-Import Bank of the United States (US Ex–Im). El Salvador: Alba Petróleos Faces Supplying ProblemsWednesday, March 31, 2010 For the past two weeks, gas stations selling goods from Alba Petróleos are facing shortages. Company representatives explained that the problem was caused by a delay in one of the ships which transport the fuels, but sector businessmen argue the situation started in a refinery in Curazao. Productos del Aire de Guatemala improves its installationsMonday, September 29, 2008 Productos de Air de Guatemala, the biggest producer of gas for medical and industrial use in Central America, has acquired an industrial plant and equipment to improve its installations. Ex-Im Bank approved a loan guarantee for US$9.9 million to Chart Inc and Cosmodyne LLC in order to facilitate the export to "Productos del Aire" de Guatemala. Petronic seeks to replace Esso in Nicaragua as chief oil importerThursday, June 12, 2008 Petróleos de Nicaragua (Petronic) has advised Congress it intends to become the main importer of crude oil through a preferential agreement with Venezuela. Petronic officials estimate "that in the second half of the year it will become the most important importer of oil in Nicaragua, surpassing Esso for the first time," said Francisco Aguirre, president of the Economic Commission of Congress. Price crisis has market solutionsMonday, May 5, 2008 The worldwide and national alert for the increase in price of many products such as grains, the basic consumer basket of goods, and services such as transportation and electricity can be overcome without government interventions, through the free market and encouragement of entrepreneurial activities. That's the opinion of American economist James Gwartney, economics professor at Florida State University and co-author of the "Global Economic Freedom" Index. Puma Accepts Conditions for ESSO PurchaseFriday, February 10, 2012 Puma Energy has agreed to the terms established by the Governing Board of the Superintendency of Competition in El Salvador, complying with the proposed requirements in order for the merger to be authorized. The Puma Energy Company has accepted and carried out the ex-ante condition established by the Board of Directors of the Superintendency of Competition (SC). Fuel Market in GuatemalaWednesday, January 18, 2012 There are eight importers who supply more than 1,250 service stations; companies compete to attract customers with better services. The purchase of Shell’s operations by Unopetrol, and Esso’s by Puma Energy, has spurred competition and is transforming the fuel sales market, with the opening of new retail outlets and additional service offers, such as car washing. Honduras: Wind Project to Deliver a Guarantee of $4.5 MillionWednesday, April 29, 2009 Mesoamérica Energy will deliver a guarantee of compliance to the government for the development of the Cerro Ula wind farm project. The guarantee would support the implementation of the first phase, which contemplates the generation of 60 MW of energy. José Morán, manager of Mesoamérica Honduras, said, "This shows that we are working and that we are going at a good speed according to what the contract with the National Electric Power Company calls for." Complaints Paralyze Jail TenderWednesday, October 25, 2017 Two of the three consortiums that submitted bids for the work worth more than $70 million were disqualified for non-compliance, and have now filed appeals which were accepted by the administration. On September 18, offers were received from Consorcio Sistema Penitenciario Colón, consisting of Inversionistas de Construcción (Iverco) and Zhejiang Southeast Space Frame, for $76.7 million, from China State Construction Engineering Corporation, for $77.4 million, and from Consorcio Centro Penitenciario Colón, made up of IBT Group and Constructora Rodsa, for $77.4 million. |
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