Panama has to hurry to take advantage of the “window” it has left to boost its logistics development, ahead of the automation that will make the multimodal system more competitive in the United States, experts said today. In a conversation of the Panamanian Association of Supply Chain Executives (APECA), the consultant of the Coordination of Read more about Panama still has a window to boost its logistical development[…]

President Juan Carlos Varela pledged to release next Monday the report prepared by a committee of independent experts that reviewed the practices of the financial industry. He said that this Friday, November 18, will receive from the commission the document. “I will receive it tomorrow [Friday] and I will see it over the weekend and Read more about President Varela will release on Monday an expert report on financial practices[…]

The dollar index, which measures the performance of the US currency against a basket of six major currencies, rose more than 2 percent this week, its best weekly performance since November 2015. The dollar rose to its nine-month high against a basket of major currencies on Friday and posted its best week in a year Read more about Dollar sees best week in a year ahead of inflation expectations[…]

Local loans from the Panamanian banking system totaled US $ 47,726 in August 2016, up 9.9% on the previous year, according to the banking sector report of the Superintendency of Banks of Panama (SBP). According to the SBP, the sector that expanded the most according to the destination of the credit was that of companies Read more about Positive performance of the Panamanian banking system[…]

Today, November 1, the extension that ordered Colombia to mixed sobrearancel applied to imports of footwear and textiles, but in the Panamanian private sector is unknown whether the South American country will apply a new extension of the measure, which materialize would be the third in a year. This, apart from the World Trade Organization Read more about Uncertainty over surtax[…]