The Ministry of Commerce and Industry, through the Agency for Investment Promotion and Export Panama (PROINVEX) held a business meeting with executives from Dubai, United Arab Emirates, interested in exploring investment opportunities in Panama.
Investors representatives were from TRIMETA and IBM Global Business Services, companies established in Dubai, who visited the MICI for a briefing led by promoters of PROINVEX in which they spoke about the different investment opportunities presented by the country, presenting [...]
The Danish shipping company Maersk Line announced the signing of a contract worth $1,100 million with Hyundai Heavy Industries (HHI) for building nine vessels with a capacity of 14,000 TEUs each.
This is the third purchase of an investment program of $15,000 million announced by Maersk Line in 2014, which includes new container vessels, and retrofitting, among other work.
“I am very pleased with this new order, where we decided to adopt a new approach. [...]
By Marijulia Pujol Lloyd
The logistics sector is very important for Panama’s economy. However, several leaders in this industry have said repeatedly that there is a lack of qualified bilingual personnel that could occupy the posts that are going to be created once the expanded Panama Canal starts operations in 2016.
In order to solve this problem, the Panamanian Association of Cargo Agents (APAC), together with the Logistic Cargo Training Center, the Logistic Business Council [...]
To obtain the financing needed to complete the expansion of the South Terminal, the Tocumen International Airport administration expects to reissue debentures.
The delays that have occurred in the work due to changes in the original project design, prevent the administration from beginning to raise funds for the concession of the new “duty free” area, so they have announced that they will need to issue a new bond debt to complete the financing. It is [...]
On Friday, July 17, the Panamanian Association of Business Executives (APEDE) hosted the Tourism Forum (FOTUR) in Colón to discuss strategies to drive economic development of the city and province.
Under the banner, “Tourism: engine for the transformation and development of the province of Colon”, the event enjoyed participation of well-known public and private figures, who discussed how the travel industry can drive needed economic development for Panama’s Caribbean coast.
Varela’s Urban Renewal Plan for [...]