(Independent) Shiseido announced on Tuesday that starting January 2011, it will commence sales of its prestige skincare and makeup lines in Panama. It will be the first market entry of a Japanese premium cosmetics company in the Latin American country. Latin America is quickly emerging as the most attractive beauty market, beating North America, Western Europe and … [Read more...]
Visitor spending up 14 percent in Panama
(prensa.com) Spending by visitors for the first 10 months of the year was 14 percent higher than the same period of 2009. Visitors spent an estimated $1.3 billion in the first 10 months of the year, $170 million more than in the same period last year. According to calculations by the Panama Tourism Authority, the daily expenditure by visitors was estimated at $113, while … [Read more...]
Panama’s Economy to grow 7.5 percent in 2011
A promising future awaits Panama next year, according to the Economic Commission for Latin America and the Caribbean, which forecasts economic growth of 7.5%. The estimate is higher than all countries in the region and will be driven by large infrastructure projects like the Canal expansion, the Metro, the copper mine in Columbus, hotel projects and residential … [Read more...]
Panama visitors increase for 2010
(NewsroomPanama) Over a million visitors, came to Panama in the first 10 months of the year, an increase of 5 percent over the same period of 2009. Projections suggest that the year will close with 1.7 million visitors Part of the increase is due to the addition of a cruise ship sailing from Colón. The Panama Tourism Authority, reported 107,337 visitors in October, … [Read more...]
Gap between rich and poor in Panama widens
(PanamaAmerica) Panama's economy has been growing in recent years at a rate much faster than its neighbors, but this boom is not reflected in the income of the working class, warned the Panamanian economist Rubén Lachman. "We are in a country that is growing, but definitely the incomes of workers are not growing at the same rate as that of the entrepreneurs," said … [Read more...]