Panama to Reorganize its Airspace


News from Panama

The Civil Aviation Authority will hire an international company to develop a new map of air routes, which will be implemented in 2019. The Civil Aviation Authority (CAA by its initials in Spanish) plans to hire an international company with experience in the field to validate a new route map that the institution plans to […]

March 21, 2017

Panama, Costa Rica and Access to Internet


News from Panama

The Akamai report for the fourth quarter of 2016, notes that compared to the previous quarter, there was an increase of 10% on the average internet connection speed in Panama and a reduction of 1.2% in Costa Rica. Although average internet access speed  (IPv4) remains very low compared to other Latin American countries and other regions, the “Akamai State of […]

March 21, 2017

Panama Canal to improve scheduling, efficiency with new platform


News from Panama

Edwin Lopez in SupplyChainDIVE reports on further improvements to the new Panama Canal. The Panama Canal will be employing a new platform by Quintiq, a Dassault Systèmes brand, to better manage vessel scheduling and maritime resources, the Panama Canal Authority announced Wednesday. The new system will help managed increased traffic to North American ports by reducing vessel […]

March 21, 2017

Costa Rica: Lack of Water is Paralyzing Investments


News from Panama

$320 million is the value of investments in hotel projects in the touristic development pole Gulf of Papagayo that have failed to start due to lack of water. Unable to present a letter of guarantee of water resources, 11 tourism development projects planned for the Gulf of Papagayo in Guanacaste, have failed to start. Lack of […]

March 21, 2017

Assets in Panama banks reach record level despite ‘Panama


News from Panama

Banks based in Panama managed a record level of assets last year — USD 121 billion — despite fallout from the “Panama Papers” scandal, an industry body in the Central American country has said. The International Banking Center, which represents Panamanian and foreign banks, yesterday said members’ assets “reached the record level of USD 121.075 […]

March 21, 2017

Panama As Seen by the IMF in March 2017


News from Panama

It is expected that economic growth will increase slightly to 5.1% in 2017, and about 5.5% in the medium term, supported by the expanded Canal and developing investment projects. From a press release issued by the IMF: Panama’s economy is expected to remain among the most dynamic in the region. The economic outlook is favorable, […]

March 21, 2017