New Player in Automotive Market


News from Panama

This was a huge deal for Ricardo Perez. ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO; hereinafter “ITOCHU”) announced today that it has taken effective control of Ricardo Pérez S.A. (hereinafter “RPSA”), which is an exclusive distributor for the Toyota and Lexus in Panama and currently a wholly owned subsidiary of Grupo […]

April 24, 2018

This Engineering Titan Is Building Panama’s Future


News from Panama

Why you should care. Because Ilya Espino de Marotta led one of the largest engineering projects of this century. You go girl! When Ilya Espino de Marotta lifted off in a helicopter to survey her $5.2 billion project, her legs turned to jelly. That’s because this marine engineer, whose day job often has her evaluating very, very […]

April 23, 2018

Panama: Economic Activity Up 3%


News from Panama

Trade and manufacturing are the sectors that contributed the most to the year-on-year variation of 3.1% registered during the second month of the year in the economic activity index. From a report compiled by the General Comptroller of the Republic: The Monthly Index of Economic Activity (IMAE) in the Republic, for the period January-February 2018, […]

April 23, 2018

Too Many Jobs, Not Enough Workers


News from Panama

It is estimated that between 2015 and 2020, Panama will need to hire around 68,000 employees with technical specialties, and the logistics sector will be the leader in the demand. According to a labor market study carried out by the Ministry of Labor and Labor Development (Mitradel), estimates for from demand companies for technical personnel is […]

April 23, 2018

Panama Canal Predicts Fivefold Increase in LNG Cargoes


News from Panama

The Panama Canal Authority believes that it could handle up to 30 million tonnes per annum of American natural gas by 2020, a fivefold increase over last year’s numbers. In an interview with Reuters, ACP administrator Jorge Quijano said that he expected volumes to rise as more LNG plants come online on the U.S. Gulf Coast. At […]

April 23, 2018