October 2013

Panama awards coastal construction contract

With a $19.5 million offer, the RPL-CSI Panama consortium was awarded the construction of the Cuango-Santa Isabel highway in Colón.

Prensa.com reports: “The project of 26 kilometers includes the construction of two bridges over the rivers Cuango and Culebra, which will provide access to the town of Santa Isabel, especially the Punta Cocoye sector, which borders the Guna Yala region, and has over 10 miles of white sandy beaches.”

According to the Tourism Authority of […]

Week in Review – Vol. 33#12

National newsbriefs

BANK CENTER SHRINKS

Panama is no longer an international banking center. Now it has become a regional banking center. This is one of the main conclusions reached by the financial analyst Joseph Abbo, in the financial forum held by the Panamanian Association of Business Executives. It was the analyst Abbo who presented the Rapporteur of the financial forum to a group of businessmen and media. At the event, the expert warned of the […]

Panama and Portugal sign air services agreement

A press release from the Presidency of Panama has announced that, in the framework of the XXIII Ibero-American Summit, Panama and Portugal signed a new bilateral air services agreement, a product of the debates that were “held in a cordial atmosphere between delegations of the two countries”.

According to the document, it was signed by the Charge d’Affaires of the Embassy of Portugal, Manuel Samuel, and the director of the Civil Aviation Authority of Panama, […]

Chilean ports lure Argentine exports away from Panama

“I can often not believe that today Chilean investors in the province of Mendoza prefer to send cargo to the port of Buenos Aires through Panama for it to reach the ports of Peru,” said the governor of Mendoza, Argentina, Francisco Perez.

To which he added “it is an issue that defies logic and can not be understood, and from a political view either. Because politics is the necessary tool to transform and lead these […]

Traffic jams up product prices

El Puente de las Américas no puede ser utilizado por camiones

By Marijulia Pujol Lloyd

The Panama Land Cargo Transport Association (Asociación de Transportistas de Carga de Panama – ATRACAPA) is experiencing problems trying to find drivers with the right qualifications.

That, together with the high level of drivers leaving their present jobs looking for better working conditions, has had a negative effect on the industry.

Olmedo Solé from ATRACAPA told The Bulletin that outdated legislation on weight and dimensions for cargo trucks as well as […]

FTA Mexico – Panama accelerated for this year

Este tratado le permitirá la entrada a Panamá a la Alianza del Pacífico

The presidents of Mexico, Enrique Peña Nieto, and Panama, Ricardo Martinelli Berrocal, agreed to accelerate negotiations before the end of the year for signing their free trade agreement, thus preempt the programmed April 2014 date.

This step will allow Panama to join the Pacific Alliance, while Mexico will be in a position to have more exchange and open more opportunities to benefit both countries.

After their bilateral meeting at the Palacio de las Garzas in […]

Panama Canal expansion brings focus on South Florida terminals

El puerto de Miami

An optimistic perspective of The Florida Chamber Foundation has collided with skepticism from logistics experts.

The Florida Chamber Foundation, a non-profit agency based in Tallahassee and affiliated with the Chamber of Commerce of Florida, said the state could create 150,000 jobs in trade and logistics over the next five years.

Tim Feemster, director of Foremost Quality Logistics, in Dallas, Texas, said that projection was “aggressive”.

“There will not be a large change in volume due […]