Monday, April 23, 2018

ECLAC: "In 2018, Panama will be the economy that will record the highest rate of expansion"


ECLAC: "In 2018, Panama will be the economy that will record the highest rate of expansion"

The Economic Commission for Latin America and the Caribbean (ECLAC) updated its regional economic projections for the year 2018 in April, noting that "Panama will be the economy that will record the highest rate of expansion."


In its report, released on April 11, ECLAC highlighted that considering the Latin American countries, Panama is ahead of the Dominican Republic (5.0%) and Nicaragua (5.0%). He did not go into detail about the prospects projected for each country.

What he did say was that the projections of activity for Latin America and the Caribbean take place in an international context "more favorable than in recent years".
Despite this, he continued, "important uncertainties persist regarding protectionist tendencies, financial dynamics and geopolitical risks".
In fact, "in several countries that have been growing at moderate rates, there will be an acceleration in economic activity: Chile (3.3%), Colombia (2.6%) and Peru (3.5%), according to the updated forecasts".

From Capital Financiero
Regional projections

As for the regional average "expansion" for this 2018, ECLAC projected 2.2%, after growing 1.2% last year, the UN agency reported.
Meanwhile, the economies of South America would grow 2.0% (compared to 0.8% in 2017), mainly as a result of the greater dynamism that Brazil will present (2.2%), ECLAC said in a statement.

For the Central American economies, the forecast for a growth rate of 3.6% is also maintained, above the 3.4% recorded in 2017, said ECLAC.

Thursday, April 12, 2018

The construction of the Amador Convention Center (CCA) is up by 68% to date.


The construction of the Amador Convention Center (CCA) is up by 68% to date

Recently the Tourism Authority of Panama (ATP) made a tour of the works of this project with representatives of the Chamber of Tourism of Panama (Camtur), the Panamanian Association of Hotels and the American Chamber of Commerce and Industry of Panama.

During the day, held on April 4, it was reported that structural work is currently being completed and is in the final stages of the building's roof or roof.

In addition, the glass windows have been installed 50% and the installation of some exterior structures begins.

Escalators and much of the fire-fighting system of the banquet and exhibition buildings have also been installed.

The same applies to the installation of elevators and the ducts of air conditioners.

From Capital Financiero


Monday, April 9, 2018

The arrival of cruise passengers to the Amador marina grows


The arrival of cruise passengers to the Amador marina grows

During the first quarter of this year, the Amador marina received a total of 35 cruises, of which 16,349 passengers disembarked, which represents an increase of more than 50% taking into account that for the same period of 2017 24 cruise ships arrived and 6,122 passengers disembarked. This was indicated by Ana Sánchez, marketing manager of Fuerte Amador.

Cruise travelers arriving at the Amador causeway make a city tour and visit the Casco Antiguo, the Panama Canal and the Biomuseo, explained Stephany Castro, cruise coordinator of Ancon Expeditions of Panama.
Tours
Cruises usually travel through the Caribbean visiting Guna Yala and Bocas del Toro; others go to Coiba and Darién, as well as Barro Colorado and Punta Culebra.

The ATP details that cruise passengers on the Pacific side spend a daily average of $ 150 between the hours they remain in the country, in transportation and purchases.

From Capital Financiero


New cruise port

Currently, a new cruise terminal in the area of Isla Perico is being built in Amador.
The project was awarded last year by the Panama Maritime Authority (AMP) through public tender, to the Cruceros del Pacífico consortium, made up of the Belgian company Jan De Nul and the China Harbor Engineering Company (CHEC).

This new port, which is expected to be ready in 2019, will have two docks in which two cruise ships with a capacity of up to five thousand passengers each will be able to dock simultaneously.

Monday, April 2, 2018

The Tocumen International Airport, the best in Central America, according to World Airport Awards 2018


The Tocumen International Airport, the best in Central America, according to World Airport Awards 2018

The Tocumen International Airport was awarded the "Best Airport in Central America and the Caribbean" at the World Airport Awards, held at the Expo passenger terminal in Stockholm, Sweden on March 21, 2018.

By Capital Financiero


In addition, the Tocumen International Airport received the "Best Staff and Passenger Service" award.

Skytrax executive director Edward Plaisted said these awards are proof of how much the airport improves to optimize customer service standards to be recognized as the "Best Airport in Central America and the Caribbean region."

The awards are widely considered the benchmark of quality for the global airport industry, evaluating customer services and facilities at 550 airports, detailed in a press release.

The awards are based on 13.7 million airport questionnaires that were completed by more than 100 nationalities of airport clients during the survey period.

It was carried out between August 2017 and February 2018, evaluating the experiences of travelers in different airport services and key indicators of product performance, from billing, arrivals, transfers, purchases, security and immigration to the exit door in the airport. Boarding gate.

Skytrax at the World Airport Awards, awarded the prize for the best airport in the world to Shanghai Chagi Airports.

Wednesday, March 28, 2018

Panama, among the best destinations



Panama, among the best destinations

Panama is among the 14 best destinations in the world to travel in the spring season 2018, according to National Geographic Travel.


The review on Panama assures that it is a cheaper, culturally diverse and less populated paradise of exuberant jungles, volcanoes and clear water beaches.

Similarly, National Geographic Travel suggests to travelers that you can book a luxury cabin on the islands of Las Perlas or stay at an ecotourist hotel in Santa Catalina, on the Panamanian Pacific coast.

Of this last place, he points out that horses are still a means of transport, the observation of the stars is "exquisite", local fishermen sell a dish that contains fresh seafood and bananas for an approximate cost of $ 6.

In the selection of the best destinations in Latin America, besides Panama, they include Peru, Colombia and the United States of America.


Monday, March 26, 2018

MEF projects that the economy in Panama grow by 5.6% in 2018


MEF projects that the economy in Panama grow by 5.6% in 2018



The Ministry of Economy and Finance (MEF) projects that the economy in Panama grow by 5.6% in 2018.

These estimates coincide with those of the International Monetary Fund and the World Bank.

Meanwhile, the Economic Commission for Latin America and the Caribbean (ECLAC) forecasts that Panama's economic growth this year will be 5.5%.

This Friday, March 16, the MEF presented the results of the growth of the Panamanian economy in 2017, which grew by 5.4%. The perspectives for 2018 were also presented.



Precisely President Juan Carlos Varela, said on March 15 during the first extended meeting of the Business Council of Latin America (Ceal), which takes place in the capital, that Panama maintains a strong economy with sustainable growth, which allows investment and with it, create new sources of employment.

He added that the country has a diversified financial system, as well as a logistics hub in development, which has allowed the generation of job positions.

The entity also explained that in the last five-year period, from 2013 to 2017, the transport, storage and communications sector contributed, on average, 13% of the Gross Domestic Product (GDP), at constant prices, with a growth rate of 3.9 % annual in the same period.

Monday, March 19, 2018

Panama is the Brazilian grain bridge to Asian markets


Panama is the Brazilian grain bridge to Asian markets


The agreement allows the coordination of joint market activities, exchange of market studies and information on commercial flows, as well as modernization and improvement programs.


The Panama Canal signed a memorandum of understanding in the city of Cuiabá, Brazil with the Mato Grosso Association of Soybean and Maize Producers (Aprosoja) to promote the use of the interoceanic highway for the transit of grains (soybeans and corn) from the north of Brazil to markets in Asia.

The agreement allows the coordination of joint marketing activities, exchange of market studies and information on commercial flows, as well as modernization and improvement programs.
 
By Panama America
"The increase in capacity provided by the expansion of the Canal has allowed us to access new markets, which could include freight from ports in northern Brazil," said the administrator of the Panama Canal, Jorge Luis Quijano.
With the signing of this agreement is to promote the use of the Panama Canal, specifically the panamax locks for transit of grains, mainly soybeans and corn from northern Brazil to markets in Asia that are carried on ships Panamax; given the similarity in the draft of the ports of the Amazon River and these locks.
Quijano added that "we continually look for innovative ways to meet the ever-changing needs of world trade and the agreement signed with the Association of Soybean and Corn Mato Grosso further strengthens the common goal of promoting trade growth in the region."

 The agreement was signed by the president of Aprosoja, Antônio Galvan and the administrator of the Panama Canal, Jorge Luis Quijano.

 Founded in February 2005, Aprosoja is a nonprofit organization established by rural producers linked to soybean and corn of Mato Grosso developing actions and projects aimed at sustainable growth of the productive chain of these grains.

The Panama Canal has signed memoranda of understanding with 36 commercial associations, ports and maritime organizations mainly from the United States. Brazil's would be the first of them with a Latin American country.