Medicare for U.S. Citizens in PanamaTuesday, November 17, 2009 Panama's Government wants the proposed U.S. public health system to cover Panamanian soil. Jaime Alemán, Panamanian ambassador in the U.S., is in charge of this ambitious topic. Franchises in PanamaFriday, February 17, 2012 The history of franchises in Panama began 55 years ago, and today, after all that time and millions invested, opening franchises continues to provide good business opportunities. Tastee Freez was the first franchise opened in the country 55 years ago, followed by Dairy Queen, two years later, writes Melissa Novoa journalist for Martesfinanciero.com . Credomatic Will Impart Financial TrainingTuesday, February 2, 2010 The program is geared towards teachers from the National Institute for Professional Training of Panama, also known as Inadeh. It is composed of several modules, and includes all the required support materials, detailed Juan Carlos Mejía, CEO of Credomatic Panama. Hydrocarbon RecyclingTuesday, July 31, 2012 Treatment and recovery of oily waste is a growing activity in Panama, in a time of economic boom and environmental awareness. Sherly Díaz's article in Martesfinanciero.com reports that "Environmental conservation has been gaining ground in Panama, with the number of companies involved in recycling having increased, as has been the case with oils or lubricants. Relocating to PanamaTuesday, February 15, 2011 More and more foreigners settle in Panama, requiring a wide range of different services. According to preliminary data from 2010, more than 12.000 work permits were given to foreigners, including executives of multinational companies or those coming from other places in search of better opportunities. Credit Record to be Erased After 7 YearsTuesday, March 24, 2009 The Panamanian Credit Association will have the power to remove all credit references going back seven years or more. The Martesfinanciero.com website indicated that "it applies to debts that have been cancelled or paid in full since 2002 and those that are active even if there has not been a payment for seven years or those that have never received payments and were opened seven years ago or more." Own Brands in PanamaTuesday, March 24, 2015 Supermarkets are one of the outlets where the most own brand labels can be found, and these products are gaining ground as consumers perception over their quality improve. Currently in Panama 2% of supermarket sales correspond to own or private brand labels and 64% to cheaper brands, according to studies cited by Martesfinanciero.com. Growth in Financing for Power ProjectsWednesday, March 22, 2017 The need for Panama to renew its power generation matrix has become a source of new business for companies in the sector and also for banking. The project to build a 670 MW gas plant in the province of Colon, being run by the company Panama NG Power, is the best example of the potential for development that the Panamanian electricity market has, which has already drawn the attention of banks. Panama: Merger in Remittance SectorTuesday, December 15, 2015 Western Union Panama and the pawn and loans company Más Me Dan have joined their distribution networks in order to capitalize on the growing market for sending and receiving money. In the first half of the year alone $223 million was sent to Panama in remittances, while $395 million was sent out, to destinations such as Colombia, China and the United States, the three main recipients, followed by Nicaragua, Mexico and Costa Rica. Panama: "Leisure is Good Business"Wednesday, February 4, 2015 Increased purchasing power is attracting investment in art galleries, theater productions and bookstores. Prices of art pieces that have been sold in Panama range on average from between $3,000 and $300,000, according to data from Marion Gallery. Trade Opportunities Between Panama and ChileTuesday, August 11, 2015 Fruit, vinegar, beverages and spirits constitute 84% of Panamanian exports to the South American country, which in 2014 exported goods and services to Panama worth $179 million. Under the current trade agreement in force since 2008, currently 74% of tariff lines enjoy complete relief, which will grow to 97% in 2022. Large Chinese Construction Company Sets Up in PanamaWednesday, May 20, 2015 China Construction America, a subsidiary of China State Construction Corporation Limited Engineering, will be running projects for the fourth bridge over the Canal, and urban renewal of Colon. The Chinese company, which operates both in construction and in real estate, has thirty years of experience in these sectors, with operations currently running in New York, Washington DC, North Carolina, South Carolina, Louisiana, Florida, California, and other states in the US. Wealth ManagementWednesday, February 22, 2012 Clients of wealth management programs are those who hold capital investment worth over $250,000, requiring services to guarantee its duration and growth. In Latin America there is an increasing number of young people who have reached an economic level that has allowed them to pay for their homes, provide basic education for their children, build savings, and who want to consolidate their future in terms of higher education, gain security with health plans, and obtain additional income for their retirement plans. Tourism in Panama’s InteriorWednesday, June 8, 2011 Lack of infrastructure is limiting the development of inland areas of Panama. Some destinations such as the City of Pedasi in the Los Santos province, see tourism development limited by lack of good air links and travel costs. Colón: The Panama That Remains PoorTuesday, February 2, 2010 Behind the exports of the Free Zone and increased activity at the cruise ship port, there is poverty and insecurity. “In 2009, the Colón Free Zone billed $10.6 billion in commercial transactions, according to unofficial data from the zone's Users Association”. |
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