The Colon Free Zone appeared before the Budget Committee of the National Assembly to support the 2015 budget, which will be invested in projects for the benefit of the businesses and progress of the province of Colon and the country.
The manager of the Colon Free Zone, Surse Pierpoint, presented before this committee a requested budget for $119.3 million, representing an operating budget of 53% ($63.6 million) and investments of 47% ($55.7 million).
This budget [...]
The Directors of the Colon Free Zone inaugurated the entry and exit building to the Davis Multimodal Logistics Center, which operates at the Jose Dominador Bazan Residential Area.
There are currently 18 companies operating on 22 acres belonging to the Free Zone in this processing area with infrastructure, facilities, buildings, operating systems and services, whose activities are the production of goods and services for export.
Export Processing Zones are governed by Law No. 25 of [...]
A large amount of sediment was found lodged in the sewage line, obstructing the operation of the pumps on Santa Isabel Avenue and 16th Street in the Colon Free Zone.
The Free Zone Maintenance Department officials gave support to the Institute of Aqueducts and Sewers by checking the damage, and then proceeded to the line that kept accumulating sewage, causing malfunctions in the pumping station.
All the work in the community done by the Free [...]
Representatives of the Municipality of Asuncion, Paraguay, visited the Colón Free Zone to see how the logistics operate in the zone.
This delegation was comprised of Dr. Emilio Baez Maldonado, International Director for the Municipality and Dr. Edgardo Samaniego, a lawyer and director of Paraguayan Customs companies, who are conducting preliminary studies for the establishment of a free port in Asuncion and wanted to learn about the functioning of the Colón Free Zone.
The commission [...]
The Colon Free Zone Users´Association has just completed elections in which Luis Germán Gómez Giraldo of Even Keel Shipping Company, SA, was re-elected as President for the period 2014-2015.
Mr. Luis Germán Gómez Giraldo was accompanied on his ticket by Mr. Marco Tellez of King Cargo, SA as First Vice President and Mr. George Punjabi, of Punjabi Brothers, SA, as Second Vice President.
Elected to the Board were the following businessmen and women:
Secretario: Víctor [...]
Varela has great plans for the logistic sector
The People First Alliance government, to be installed on July 1, 2014, will have among its priorities for the next five years transforming Panama into an “air and maritime Logistical Hub of the Americas,” said President-elect, Juan Carlos Varela.
He also promised to consider converting Colón into a large free port. The possibility of converting Colón into a free port was [...]
The current conflict facing Venezuela worries the Colon Free Zone (CFZ), as this may delay the collection of debts that are still pending.
Walter Brunetti, a financial analyst, said: “The recent events in the country and the complicit silence of many trading partners, creates the fear, not only of fracturing existing businesses and those in the future, but also conveys the feeling of fear for natural uncollectibles that are already pending.