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[…]
Panama. During this month, Banistmo subsidiary of Bancolombia Group, one of the most important banking conglomerates in the region, celebrates three years of operations in Panama and has its most significant accomplishments to date. The bank reported assets of the order of US $ 9.1 billion, representing an increase of 16.1% from the beginning of Read more about Banistmo reported growth in assets of more than 16% in three years of operation[…]
The Central Bank (BC) in Brazil revised its forecast and predicted that the national economy will have a decrease of 3.22 percent this year and not 3.19 as envisaged above. In the same way, and according to the results of the weekly Focus survey that the entity makes between financial institutions, by 2017 the expected Read more about Brazil’s central bank expects higher decrease of Brazilian economy[…]
The Asian Infrastructure Investment (EBIT) is able to decisively influence the high demand for infrastructure in the region and in the global economy, a senior US official acknowledged. Treasury Undersecretary for International Affairs, Nathan Sheets, said Tuesday the relevance of EBIT, criteria circulating today strongly in specialized media. He added that this assertion is that Read more about Asian bank able to influence global economy[…]
With the presence of government authorities, representatives of the diplomatic corps and special guests, the first International Finance Summit, whose agenda addresses issues related to global and regional issues affecting foreign investment and international business and vision of organisms opens today international and multilateral banks on the challenges of the financial system and its contribution Read more about the International Finance Summit begins today[…]
The Panama Metro Secretariat reported that the works of Line 2 show an increase of 22%. Through a statement, the institution announced that remain open 20 work fronts, working on the construction of 11 of the 16 stations will line 2. “The stations construction are: Cinquantenaire Villa Lucre, Cerro Viento, San Antonio, Pedregal, Don Bosco, Read more about Construction of Line 2 of Metro de Panama recorded 22% progress[…]