In April 2016, the Panama Canal Authority is slated to open an expanded, widened canal, doubling the capacity between the Atlantic and the Pacific. It will allow freighters carrying up to 14,000 containers to pass, triple the previous limit, and alter the routes that shipping companies use to carry goods in and out of American […]
An expansion of the Panama Canal won’t be complete for another roughly eight months, but Port Manatee officials say they are already prepared for an increase in major container vessels, and already experienced an 83-percent increase in container units shipped there last fiscal year. “We are always pursuing expansion plans with the commodity owners for […]
The Italcol group has opened a processing plant for chicken meat in the district of Capira, with capacity to slaughter up to 6000 birds per hour. That’s a lotta nuggets! The chicken processing plant Co. Caribbean. Animal Foods SA, located in Capira, required an investment of $ 6.5 million, and the plan, as explained by […]
The basis for the agreement have been established, with Panama having achieved immediate preferential access for various agricultural and fisheries products, and access through quotas for beef, pineapple, papaya and tropical fruits. After four rounds of negotiations between teams from each government, a basic document was created setting out the conditions of entry of products […]
It pays to read The Panama Perspective!! On October 6th, I reported that Cardinal Resources shipped it’s first system to Panama. Many of my readers sent me thanks for the heads up and they invested in this no brainier stock play. Well many of them made many thousand of dollars, took profits and still had […]
In El Salvador the drop in the international price, which has been aggravated because of the negative differential with which the country’s production is paid, comes on top of the problems of performance, processing and logistics costs. An analysis of the Salvadoran coffee sector, made by Patricia Garcia in an article on ElSalvador.com, shows that […]
We recently had a visit from the Minister of Security Rodolfo Aguilera who I know personally and he spoke of Panama’s continued efforts to improve security for it populous. An article on Panamaamerica.com.pa reports that “… The Government will draw on outside expertise in order to address insecurity in the country, described as the main […]
In a seventh round of negotiations, an attempt will be made to lay the groundwork for an agreement that seeks to avoid damage to both countries. If an agreement is not reached, Colombia will classify Panama as a tax haven, with a consequent increase in costs for bank transactions between the two countries, and exposing […]
I am not sure about these numbers that were published by the Ministry of Economy in El Salvador as I think our prices in Panama remain high despite the cost of crude oil. Price of a gallon of regular gasoline: Panama $ 2.41, El Salvador, $2.54, Guatemala $2.59, Nicaragua $3.23, Honduras, $3.20, Costa Rica, $3.76. […]
Much needed repairs to Panama City’s infrastructure is being addressed in these tenders. Between 2016 and 2019 the Mayor of Panama will tender construction projects totaling $220 million, of which $90 million will go towards the construction of sidewalks in the city. New offices in the cemetery of Concepción and sidewalks on via España up […]