Investment

Ministry of Public Works focus on high impact projects for 2016

Ministry of Public Works focus on high impact projects for 2016

The Ministry of Public Works will concentrate all its efforts on mega projects such as the Fourth Bridge over the Canal, which will give another access to the interior. The bridge will benefit more than 1.7 million people who travel to and from Panama West every day, and whose only option is to use the Bridge of the Americas or the Centenary Bridge.

Another important project is the widening of the Panama-Arraijan highway to eight [...]

RFQ for developing of the Port of Corozal

Puerto de Corozal.

The Panama Canal Authority has issued a Request for Qualifications (RFQ) for companies interesting in designing, developing, financing, constructing, operating and maintaining the Corozal Container Terminal.

This follows the expression of interested by 13 of the world’s largest port operators in developing and operating the port.

The Corozal Container Terminal will be located at the Pacific entrance to the Panama Canal, and is intended to be a common user container transshipment terminal to distribute cargo [...]

Nicaraguan companies seeking more presence

Empresas nicaragüenses buscan mayor presencia en el mercado panameño

Nicaraguan export companies visited Panama at the beginning of December aiming to increase their presence in the Panamanian market. The 14 businesses in the delegation showed their products that included processed food, handicrafts and agricultural produce, among others.

In 2014, Nicaraguan exports to the Panamanian market amounted to $39.4 million, according to a report of the Nicaraguan Ministry of Promotion, Industry and Commerce (MIFIC).

Panama occupied the fifth place as interregional partner of all the [...]

Minera Panamá advocates for responsible mining

Todd Clewelt.

Por: Juan Rafael Cortés Dean

The Panama Mining Chamber, chaired by Engineer Zorel Morales, recently organized the first International Congress on Responsible Mining,. One of the speakers was Todd Clewelt, Minera Panama S.A. General Manager.

Clewelt told the participants about the plans of his company for biodiversity conservation within the project Cobre Panama, that currently is being developed in Donoso, Colón province at an estimated cost of $6,400 million.

The program contemplates the monitoring of [...]

Education and skilled labor needed in Panama

Falta de mano de obra calificada preocupa a sectores

According to a study of global competitiveness, Panama remains the second most competitive economy in Latin America and has become the most competitive economy in Central America.

However, it continues to face the problem of education and skilled labor.

Some sectors require specialized professionals, who are scarce, so they feel the need to hire foreign labor, said Alberto Alesi, regional director for Manpower.

“We continue to look to foreign recruitment, as the great works continue [...]

Land transporters have a task remaining for 2016

Las congestiones vehiculares causan pérdidas a la industria del transporte

To turn Panama into a logistics hub, it will be necessary to overcome several obstacles, according to the Panama Freight Carriers’ Association (Atracapa). Among them, according to Atracapa is the high cost of using the corridors for land freight transport, insufficient infrastructure for transport services, negligence in the maintenance of roads and lack of land transport regulations, coupled with economic inflation in Panama’s land transport component.

The situation could change starting next year, when, between [...]

Panama will create a Master Plan for logistics

Panamá creará Plan Maestro sobre logística

Panama wants to improve its logistics corridors and, to that end, will develop a master plan in terms of logistics to set targets as the way forward to meet the objectives.

A committee of seven members from the private sector will be responsible for designing the lines of the Master Plan. The committee members were chosen, in part, by the Logistics Business Council (COEL) and partly by the Executive. This is one of the first [...]