(Businessweek) Panama hired Daiwa Securities Capital Markets Co. and Mitsubishi UFJ Securities Co. to sell yen-denominated bonds in Japan, according to a person familiar with the transaction. Panama Finance Minister Alberto Vallarino will be meeting with bond investors next week, said the person, who declined to be identified because terms arenāt set. The bond sale … [Read more...]
Panama car sales soar in October
(prensa.com) New car sales soared in October, increasing 46 percent as compared to the same period the year before. The majority of the increase took place at the Panama Auto Show, where 4,939 new units were purchased. The largest volume of sales was made by Hyundai, which moved into first place ahead of Toyota in terms of sales. The brand soldĀ 1,409 new cars in the … [Read more...]
Panama to use Parlacen funds to boost pensions
(prensa.com)The $3 million that Panama used to spend on the Central American Parliament (Parlacen) will be used to fund a pension increase for retirees. Vice President Juan Carlos Varela said that Panama will official exit Parlacen on Nov. 25,Ā and "there will be no turning back." That money will go toward pension increases for retirees. The move is being made to … [Read more...]
Panama’s Copa Airlines and Colombia’s Avianca-TACA to Join Star Alliance
(AirlinesandDestinations)Latin American carriers Avianca-TACA and Copa Airlines are to become member airlines of Star Alliance, following the unanimous approval by the allianceās Chief Executive Board (CEB) of both airlinesā applications. We revealed on October 27, 2009 that Star Alliance was in discussions with both Copa Airlines and Avianca-TACA over potential … [Read more...]
Convention center proposed for Las Tablas
(prensa.com) At a cost of $1.5 million, the government of Panama plans to build a convention center in the city of Las Tablas, located in the province of Los Santos. This, according to an announcement by legislator Carlos AfĆŗ, who at the start of the renowned parade of the āPolleraā (traditional colonial garb of Panama), said "we are going to build a convention center," … [Read more...]