Chinese leading truck manufacturer Shacman has launched operations in Panama with an eye to expanding its share of the Latin American market. In a recent effort to pursue its aim, the company participated in the international heavy machinery fair Expo Maquina 2018, which took place in Panama City on Jan. 18-20. “This fair is like […]
European officials have recommended that eight countries, including Panama and Tunisia be moved from the EU’s tax haven blacklist to its grey list, after they promise to reform. The Europe Council’s group of tax experts – the so-called Code of Conduct group – recommended that EU Finance Ministers move Barbados, Grenada, South Korea, Macau, […]
Jeff Horwitz reports in the Chicago Tribune of Trump Hotels contesting their firing. An attempt to oust President Donald Trump’s hotel business from managing a luxury hotel in Panama has turned bitter, with accusations of financial misconduct. Trump Hotels is contesting its firing, and its staff ran off a team of Marriott executives invited last […]
The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars. The global shipping industry has seen little innovation since the container was invented in the 1950s, and cross-border trade still leaves an enormous trail of […]
This is a great article that shows how we are very fortunate to be living in this age. What A Time To Be Alive John D. Rockefeller was the richest man the world had ever seen. But for most of his adult life he didn’t have electric lights, air conditioning, or sunglasses. And he never […]
In the first semester of 2017, Central American countries imported $376 million worth of electric cables, 59% more than in the same period in 2016. Data from the Central American Market for Wires, Cables and Other Electricity Conductors in Central America compiled by the Business Intelligence Unit at CentralAmericaData: Click to interact with graph Explore […]
As a new attempt to recover some of the activity lost in recent years, companies in the Colon Free Zone intend to approach importers in Peru. For the Colon Free Zone the South American country is attractive, since it is an importer of equipment, machinery and accessories for the production of machinery. It is also a […]
Between January and October 2017, premiums grew 4% compared to the same period in 2016, explained in part by a 9% increase in health insurance and 14% in collective life insurance. Figures published by the Comptroller General of the Republic indicate that premiums in the Individual Life insurance sector registered an increase of 4.4%, while […]
A wastewater treatment system, a cruise terminal and road works are some of the projects planned for the coming months in the country. Data from the interactive information system “Construction in Central America“, compiled by the Business Intelligence Unit at CentralAmericaData. Details of some projects: The National Aqueduct and Sewer Institute submitted an EIA to […]
In its new warning system for tourists, the US government included Panama and Costa Rica at the lowest risk level, Nicaragua at level 2 and Guatemala, El Salvador and Honduras, in the category “Reconsider Travel”. The US Department of State has announced modifications to its system of travel alerts and recommendations to citizens considering traveling […]