Solid growth expected for Panama’s Economy after Canal Expansion
-March 19, 2016
Source: The Costa Rica Star
Panama’s economy will grow 6.1 percent in 2016 and as much as 7 percent in the coming years thanks to the expansion of the canal and low fuel costs, an International Monetary Fund delegation said in this capital. Panama has boasted the region’s highest average growth rates over the past decade and will be able to continue expanding at a clip of between 6 percent and 7 percent in the coming years, according to the IMF.
Panama: $131 million Traded at Expocomer
-March 16, 2016
Source: Central America Data
More than 500 exhibiting companies representing 32 countries made some 1,420 contacts in business conferences during the four days of Expocomer 2016. The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) closed the thirty-fourth edition of Expocomer. According to the Center of Economic Studies at the Chamber of Commerce of Panama (CEECAM), $131 million was transacted and around 12,701 visitors received from 32 countries during the four days that the fair was open. Similarly, more than 1,420 contacts were made at the business conference, which was held for the third consecutive year.
Panama and Suez canals show their advantages
-March 10, 2016
Source: Hellenic Shipping News
“Sources of supply are diverse and markets are all over the world, so logistics centers such as Panama and Egypt are at an ideal time to take advantage of their competitive advantages,” This was stated by Panamanian consultant Rodolfo Sabonge, as a guest speaker at the first Suez Canal Global Conference, sponsored by the Suez Canal Authority (SCA). “Logistics is the main tool that allows global suppliers to compete sustainably with diverse chains, flexible and resilient for supply,” he added.