Record tourist arrivals in PanamaTuesday, January 6, 2009 There was a record of 1.5 million visitors making it one of the sectors with the most development during 2008. According to pa-digital.com.pa, "projections at the end of 2008 indicate that the figure could read 1.6 million visitors, recording a growth of 14.3% compared to 2007. Record Budget in PanamaWednesday, October 5, 2011 The National Assembly has approved a state budget for the year 2012, at $14,451 million, the highest in the country's history. The beneficiaries are ministries of the Presidency with $881 million and the Public Works with $723.4 million. The amounts allocated to the Ministry of Health are $538 million and $218 million for Education. More Cargo Transiting the Panama CanalThursday, October 11, 2012 The Panama Canal set a new record of tonnage, reaching 333.7 million Canal tons (PC / UMS) at the end of fiscal year 2012. A statement from the Panama Canal Authority reads: $782.4 million for infrastructure projects in PanamáWednesday, October 8, 2008 The "non-finance" investment make up a record 20% of the budget. The "non-finance" public investment package contemplated in the State budget for the 2009 fiscal year adds up to $946 million. "Paperless Panama” Project ImplementedThursday, January 12, 2012 In the next few weeks, more than one hundred public procedures, will be available online. Some of the procedures that will be available are: the acquisition of Paz and Salvo at the Social Security Fund, request for criminal records, quering IDAAN balances, the Digital Passport System, the program ‘100 a los 70’, and consultation and payment of traffic tickets. Panama on the way to compliance with Basel IIMonday, May 26, 2008 Panama's banking regulator is preparing the ground for application of new rules established by the Basel II agreement. As part of the initial stage of the process, banks will have to contract specialized ratings and risk analysis companies in accordance with the agreement. They have until the end of June to make the appropriate arrangements, banking superintendent Olegario Barrelier reminded them in a circular issued this week. Panama Canal Makes Over $1 billion in ProfitsThursday, December 6, 2012 For the second consecutive year contributions from the Canal to the Panamanian State exceeded one billion dollars, totaling $7.61 billion in the 13 years of local administration. Canal earnings projections for fiscal 2012 were about $951 million, and the end result exceeded those expectations, reaching $1.03 billion. Ayn Rand: Doomed CompaniesFriday, May 26, 2017 "When you see that trading is done, not by consent, but by compulsion–when you see that in order to produce, you need to obtain permission from men who produce nothing–when you see that money is flowing to those who deal, not in goods, but in favors–when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed." EDITORIAL Panama: Bids Submitted for Long-Term Energy SupplyFriday, October 28, 2011 The Electric Transmission Company (Etesa) has received 38 bids for the tender for the long-term purchase of energy for the period 2014 to 2024. A press release from ETESA states that: Panama: Comparison Law in HoldFriday, August 28, 2009 As the government negotiates with port operators, the Assembly decided to put this law, dubbed "equiparación" in Spanish, on hold. José Blandón, from the Treasury Commission, stated that "...this negotiations could imply making modifications to the original project". Record exportation of Honduran coffeeFriday, August 29, 2008 Exports of coffee from Honduras have reached a record high of at least $ 568 million. Between October 1st last year, when the 2007-2008 harvest began, and last Tuesday 4.3 million quintals (a quintal is the equivalent of 100 lbs or 60 kilograms each). Energy Demand Continues to IncreaseThursday, May 31, 2012 In Panama there was an additional demand for 10 MW in a single day, highlighting a trend driven by the rapid growth of the economy. On Tuesday 29 May, the National Dispatch Centre of the Electricity Transmission Company (Etesa) recorded an additional demand of 10 megawatts nationwide. Global Food Prices - December 2017Friday, December 8, 2017 World food prices fell slightly in November, as the decline in prices of dairy products offset a sharp increase in the prices of sugar and vegetable oils. From a statement by the World Food Organization (FAO): Increase in Arrival of Tourists to PanamaMonday, March 23, 2009 In January 2009, the arrival of tourists to Panama grew by 11.7% over the same month last year. The increase in tourists, in turn, meant an increase in foreign currency earnings of 15.9% compared to January 2008, according to the Tourism Authority of Panama. Refresh your Brain: Take a NapTuesday, October 27, 2009 In today's knowledge economy, success depends on having clear minds, so closing your eyes for a couple of minutes may be a sound business decision. The National Sleep Foundation ran the Sleep in America Survey 2008, and found that almost one third of working adults laboring over 30 hours a week tend to sleep frequently or become extremely drowsy while working. |
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