Shoes: Top Players in Panama


News from Panama

In the footwear import business, it is estimated that Payless, Shoesource and Sportline America represent around 10% of the market share. Data from the “Corporate System of Companies” platform, from the Trade Intelligence unit of CentralAmericaData provides details on the companies according to sector, main activity, volume and value of their imports, exports and other […]

May 14, 2019

John Bolton and the Monroe Doctrine


News from Panama

ONALD TRUMP’S administration is not famed for its adherence to highfalutin’ political principle, so John Bolton, the United States national security adviser, struck an unusual note when he claimed in a speech in Miami last month that the “Monroe doctrine is alive and well”. The reference to the 19th-century principle under which the United States […]

May 14, 2019

Panama Canal Reports Increased Revenues in First Quarter of 2019


News from Panama

The Panama Canal’s revenues increased by 56.7 million dollars in the first trimester of this year, compared to the same period in 2018, according to preliminary statistics.   The National Statistics and Census Institute (INEC) informed that 1.274,3 billion dollars were raised during the above-mentioned period by concept of toll payments from 7,392 ships that […]

May 14, 2019

Panama president-elect sends warning to judiciary


News from Panama

Panama’s president-elect Laurentino Cortizo sent a message to prosecutors, judges, and magistrates to not respond to political pressures or economic sectors, but to their conscience. Cortizo’s remarks were made on Thursday. May 9 n the speech he gave after receiving the credentials as president-elect of from the president of the National Scrutiny Board, Nivia Rossana […]

May 14, 2019

Too many challenges for new president of Panama, Nito?


News from Panama

At 66 years old, Cortizo’s election represents a continued consolidation of democracy in a country which celebrated its sixth presidential elections after the US invasion of 1986. Laurentino Cortizo is the new president of Panama. Known as Nito, this businessman and livestock trader won by a narrow margin of 2%, and will take up the […]

May 14, 2019

Latin America: Panama Richest, Argentina Declines


News from Panama

Panama remains the richest country in Latin America, according to a Latinvex ranking based on new data from the International Monetary Fund (IMF). Meanwhile, Venezuela and Argentinaare declining on the ranking, which looks at gross domestic product based on purchasing-power-parity (PPP) per capita GDP to measure wealth. While GDP per capita statistics remain controversial, the PPP measure is considered the most accurate […]

May 14, 2019