Panama Ports Company (PPC) recently completed a collective bargaining agreement with its employees, who are 99.9% Panamanians, which it says is an unprecedented wage increase agreement to nearly 4,000 employees, “positioning them as the highest paid in the port industry.”
“The labor agreement, which entered into force in 2015, includes not only the equalization of wages for employees with the same functions, but also productivity bonuses for all employees who show a responsible, attentive and [...]
By Marijulia Pujol Lloyd
One of the shared goals of the countries participating in the Business Summit of the Americas, held recently in Panama City, concerned Central America and Panama wanting to become the logistics hub of the region. However, great amounts of money need to be invested by the private and public sectors for that dream to become a reality.
Topics such as public-private investments in mega ports, roads and other infrastructure were analyzed [...]
By Marijulia Pujol Lloyd
Nestor Gonzalez, the Vice-minister of Foreign Commerce, has stated that the Government together with the private sector is in the process of creating a legal framework for the country´s logistic platform to make it more efficient.
“The Logistic Secretariat that is attached to the Presidency is collaborating with the Interamerican Development Bank (BID) and other international organizations to see how we can improve certain activities and develop new ones,” he said.
The Minister of Public Works, Ramón Arosemena Crespo, explained that through the Interagency High Commission for the fourth bridge over the Panama Canal, it was decided to build it on the north side of the Bridge of the Americas and its design will be a bracing structure similar to the Centennial Bridge.
The Minister announced that a call has been made for international companies interested in building the bridge.
“The more companies there are, the [...]
By: Danny A. Quiroz, Valuation and Advisory Director – Colliers International Panama
At the close of 2014, the industrial property market in Panama City showed great dynamism. A rapid and steady growth of supply and demand created recovery, mainly in the area of the East Periphery, which turned this area into the epicenter of industrial real estate development.
Economic stability and an end to the uncertainty generated by the change of government, has reactivated local [...]
Panama Maritime Vision XII
The 2015 version of the series of conferences and exhibitions at PanamaMaritime, organized every two years by the Panama Chamber of Shipping (CMP) and the Panamanian Maritime Law Association (APADEMAR), with the support of the Panama Canal Authority (ACP) and the Panama Maritime Authority (AMP), exceeded expectations in both national and international participation.
The obvious interest of the industry was the opportunities that will be opened by the expanded Panama Canal.
By Rodolfo Sabonge Rector, University of the Caribbean
The next Annual Conference of Business Executives (CADE), to be held between April 23 and 25 at the Sheraton Hotel, will focus on “Logistics: Motor of development for Panama and the region.”
Obviously, for Panama, logistics has a very different meaning than for the region. For Panama, its geographical position, the Canal, railway, ports, Tocumen airport, the Free Zone, etc., make logistics an economic activity of singular [...]