(prensa.com) President of the United States (U.S.), Barack Obama, seeks closer ties with Latin America during an upcoming tour to a few countries in the region, which will commence next week, informed an official. U.S. Undersecretary of State for Economic, Energy, and Business Affairs, José W. Fernández, highlighted the importance of Obama's trip in terms of exploring new … [Read more...]
The Panamanian banking center grew 11.4% in 2010
(Panama America) The International Banking Center (CBI) in Panama in 2010 grew 11.4% over the previous year, reaching the consolidated assets of $ 71.932 million, reported the Superintendent of Banks, Alberto Diamond. The CBI report was presented by Diamond to the country's banking community, diplomats, senior Panamanian officials and the press in an official ceremony in … [Read more...]
Panama’s new generation of entrepreneurs
(MartesFinanciero) The corridors of the mall and the Boulevard of El Dorado and surrounding areas have become the new Chinatown in the city of Panama. In the windows of the premises you can see images of Buddha, Feng Shui symbols and signs with Chinese characters. In a clothing store that bears the name of Fashion Inn, upon entering it is as if for a moment being transported … [Read more...]
Panama container traffic for 2010 up 32 percent
(prensa.com)In 2010, the Panamanian port system, consisting of Balboa, Cristóbal, Manzanillo International Terminal and Colón Container Terminal, handled 5.5 million containers, a 32 percent increase compared to 2009. Industry analysts say this growth in cargo movement occurred alongside the economic recovery of 2010. The ports that showed the greatest growth in traffic … [Read more...]
Panama Pacifico Launches High Tech Office Building
(PanamaInvestorBlog) Located inside the IBP, the building’s design includes six floors of 2,000 square meters each, which are divisible from 50 to 2,000 square meters. A new parking garage is also being constructed, and is located directly behind the new office building. The new garage has five levels of parking and more than 600 spaces. This newest office building … [Read more...]