The government has authorized Consorcio Industrial de las Américas to build a free zone in Pacora, in which 250 manufacturing companies, logistics services, high technology companies, assemblers, and companies from other sectors will set up. The company Consorcio Industrial de las Américas, S.A. (COINLA) plans an investment of $230 million, starting with $50 million for […]

Del Monte will invest $100 million to produce bananas in Chiriqui and Bocas del Toro, and it is estimated that average productivity will reach 2,725 boxes of fruit per hectare per year. From a statement issued by the Presidency of Panama: The revival of the banana-growing areas in the provinces of Chiriqui and Bocas del […]

The beginning of operations of several regional airlines in the moderately priced sector is auspicious for trade, and in particular tourism. EDITORIAL The launch in San Jose this week of the ultra low cost airline Volaris Costa Rica, with a presence in Mexico, the United States and Central America, who will begin operating next month […]

Mexico business magnate and President of Grupo Carso, Carlos Slim, said he sees good opportunities for revitalizing Mexico’s economy in President-elect Donald Trump’s campaign promises. The businessman made the comments during his appearance at a Bloomberg forum focused on Mexico in 2017, during which he said, “Mexico must turn to look toward Mexico. It’s necessary to […]

It appears that officials in Panama has announced that they will not confirm the increase approved for permits for projects whose values exceed $1 million, until there is dialogue with the construction sector. Regarding the controversy over the recent decision to increase municipal taxes for building permits, and about which the Panamanian Chamber of Construction […]

Port of Corpus Christi commissioners are poised to forge a pact with the Panama Canal Authority. The nation’s fifth largest port has long had a relationship with the Central American canal and the people who run it. Now, the port’s seven-member commission is expected make things formal with a memorandum of understanding between the two authorities. […]

The Asian country believes that the improvement in the country’s logistical conditions as a result of the Canal expansion, represents an opportunity to set up a distribution platform geared towards Latin America. “… ‘Panama already serves as a bridge, or as a window for the transit of Chinese goods into Latin America, and I think […]

A study by the ASEP analyzes the experiences in creating natural gas markets in South America and suggests various schemes for structuring the Panamanian market. The report “Development Strategy for the natural gas market in Panama and a tight regulatory framework for this strategy for the activities of transmission and distribution of pipelines” analyzes the cases of […]

  The Inter-American Corporation for Infrastructure Financing (CIFI), a leader non-bank financial institution dedicated to run projects in Latin America and the Caribbean, has decided to move its headquarters to Panama City. The objective of this measure is to leverage closer to the region to further boost its activity there. The move to Panama coincides […]

Uncertainty in Panama dailies La Estrella y El Siglo (GESA) which fear United States extraterritorial sanctions, find solidarity today from local sectors who make the government of both countries responsible of the situation.   In a legal analysis, lawyer Juan Carlos Arauz assured in a a recent article that the Civil Code was violated due […]