S&P upgrades Panama banking
STANDARD and Poor's Global Ratings has given a thumbs up to Panama’s banking industry, upgrading its risk outlook to stable,...
BUSINESS
Canal Expansion consortium puts screws on ACP
THE EUROPEAN Consortium Grupo Unidos por el Canal (GUPC), that built the third set of locks for the Panama Canal...
Will Trumps Corporate Tax Cut Boost U.S. Economy?
By Mark Scheinbaum MIAMI - The White House proposal to lower USA corporate tax rates from 35% to 15% might...
$100 million banana deal means 3,000 jobs
THE NATIONAL ASSEMBLY has unanimously approved in second debate, a bill which guarantees a contract to revive banana production in...
Supermarket sales fall as new stores planned
SUPERMARKET sales in Panama have fallen 3.1%, and the industry continues to face challenges arising from the extension of the...
Fish exports plunge 70% since 2008.
PANAMA fish exports have plunged seventy percent since 2008 from $419.9 million to $28.73 million at the end of...
$100 million banana deal creating 15,000 jobs
PANAMA’S COMPTROLLER General has endorsed a contract in which Del Monte will invest $100 million over seven years, creating over...
Panama Ports start year with strong expansion
AFTER a year in which activity fell by 9.1 percent, Panamaa ports began 2017 with a strong expansion according to...
Money laundering: eyes on nonprofit groups
AN EXECUTIVE decree is being prepared to mandate greater control to increase the control of not-for-profit organizations in Panama to...
Panama economy on track for 5.8% growth
PANAMA’S ECONOMY is forecast to grow 5.8% in 2017, the envy of much of the world says the Ministry of Economy...
Panama exports fall for third year
EXPORTS fell for the third consecutive year in 2016, says a recent report by Panama’s Comptroller General. The decline has...
Slim helping finance Panama Metro 2
AFTER months of uncertainty, the financing of Panama’s Metro line 2 appears to be back on track. The consortium in...
