(Prensa.com) The Ministry of Economy and Finance reshape the investment plan, and update the revenue and expenditure projections for the coming years. "After nearly 18 months of the implementation of the investment program for 2010-2014, provides an appropriate juncture to review and update this to include the additional investments that have been raised, " the minister said … [Read more...]
Panama’s inflation hits more than 2 year high
(Reuters) Panama consumer prices rose 1.1 percent in April and pushed annual inflation to highs not seen in two years as the isthmus nation tries to control inflation while maintaining strong growth. Consumer prices in Panama rose 1.1 percent in April versus March, bringing the 12-month inflation rate to 6.3 percent, the government statistics agency said on Friday. The … [Read more...]
Panama Airline Group Copa Profits Soar
(Airwise) Copa Holdings, the parent of Panama-based Copa Airlines, said on Wednesday its first-quarter net income more than doubled to USD$94.4 million, helped by strong demand in passenger traffic. The results compared with net income of USD$42.5 million in the same quarter a year earlier. The stronger results were boosted by a robust increase in passenger traffic and … [Read more...]
Panama’s economy is booming, but institutions aren’t
(McClatchydc.com) Latin America's most strategically located country is booming, and its current prosperity is expected to accelerate in coming years thanks to a windfall of profits from the Panama Canal's expansion. And yet, there are fears about the country's future. There is widespread anxiety — including from senior U.S. diplomats, according to recently released … [Read more...]
Car sales surge 27.3% in Panama
(Newsroom Panama) Fuel prices hitting record highs have not halted a big upward swing in car sales in Panama. In the first quarter of 2010, sales were up 27.3 percent to 10,496 compared with 8,245 cars in the same period last year. Analysts do not believe that the increased price of fuel will affect sales which, they say, reflects the dynamism of the economy. … [Read more...]