The canal’s tolls are too expensive for the trade when the vessels do not have anything to load, say foreign ship owners.
Read the article in the Panama Star
Archive for the ‘Panama’ Category
Panama Canal too expensive?
In Economy, Foreign Trade, Panama, Ports on February 22, 2009 at 11:17 pmPanama regulators seize local Stanford bank
In Banking, Panama on February 19, 2009 at 8:58 pmPANAMA CITY/CARACAS, Feb 17 (Reuters) – Panamanian bank regulators said on Tuesday they had taken over the local affiliate of Stanford Financial Group after U.S. authorities charged the group and its founder with perpetrating a “massive” fraud.
Read the news feature at Reuters
US-Panama trade deal closer
In Foreign Trade, Panama on February 12, 2009 at 6:24 pmWASHINGTON, Feb 10 (Reuters) – Chances for congressional approval of a trade deal with Panama and a more controversial pact with Colombia have brightened after lawmakers reached a deal to expand aid for workers who have lost their jobs because of trade, lobbyists said on Tuesday.
Read the full story at Reuters
Cape Verde 34th in Economist Democracy Index
In Angola, Cape Verde, Elections, Panama, Politics, South Africa, Surinam on January 3, 2009 at 11:49 pmCape Verde has come in 34th place in the 2008 edition of the Democracy Index, elaborated by the Economist Intelligence Unit, a research institute connected to British magazine The Economist. Read the story at A Semana
Read the full report at the EIU. South Africa comes 31st, Brazil 41st, Panama 43rd and Surinam 59th. Angola disappoints at 131st place.
Oil for Panama pipeline
In Infrastructure, Oil, Panama on December 17, 2008 at 7:20 pmNEW YORK, Dec 16 (Reuters) – Crude oil refiner Tesoro Corp (TSO.N: Quote, Profile, Research, Stock Buzz) said on Tuesday it has signed an agreement with Petroterminal de Panama (PTP), allowing it to transport crude oil from Europe, Africa and the Atlantic region through Panama to its Pacific refineries.
Read the story at Reuters
Panama pains
In Economy, Panama on December 9, 2008 at 9:16 pmPanama, with its dollarised economy, sophisticated financial sector and years of solid economic growth, is not used to dealing with the macroeconomic instability and inflationary woes typical of other Latin American countries in the past. But inflation in Panama, as in the rest of the region, has picked up sharply since 2007 and is now at a 28-year high—and this is having both social and political repercussions.
Read the whole article in The Economist
Panama gold mine to start production soon
In Mining, Panama on December 9, 2008 at 1:52 pmPANAMA CITY, Dec 5 (Reuters) – Vancouver-based mining firm Petaquilla Minerals Ltd (PTQ.TO: Quote, Profile, Research, Stock Buzz) will begin producing gold at its Molejon project in Panama within weeks, the company.
Read the news story at Reuters
Doing business in Panama
In Facts and figures, Panama on December 6, 2008 at 3:33 pmRead the Worldbank report
Panama banks liquid
In Banking, Panama on December 5, 2008 at 9:16 pmPANAMA CITY, Oct 13 (Reuters) – Panama’s banks are flush with liquidity and well placed to weather the widening international credit crisis, the country’s banking superintendent told Reuters.
Read the news feature at Reuters
Panama Sept economic activity up
In Economy, Panama on December 5, 2008 at 9:15 pmPANAMA CITY, Nov 24 (Reuters) – Panama’s economic activity increased by 8.24 percent in September compared with the same month a year earlier, the government said.
Read the news feature at Reuters
A slowdown for Panama?
In Economy, Panama on December 3, 2008 at 1:52 pmPanama has been capitalising on its prime location between the Americas to attract foreign companies, and has been ramping up its infrastructure to support growth. So how will it be affected by the global slowdown? Writer John Rumsey.
