With its sights set on Japanese investment capital, Panama hired two banks to set up meetings with bond investors in Japan this week, Bloomberg Business Week reports. A source who preferred to remain anonymous told Bloomberg that Daiwa Securities Capital Markets Co. and Mitsubishi UFJ Morgan Stanley Securities Co. are organizing the talks. Panama’s...
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Panama dropped ten points on a World Bank and International Finance Corporation ease of doing business report, while International Living’s Retirement Index declared that the country has the best retiree program on the planet. According to the Doing Business 2011: Making a Difference for Entrepreneurs survey of 183 countries, some of the reasons for Panama’s...
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As of November 2, the Transit and Ground Transportation Authority will suspend licenses of people they find driving with overdue traffic tickets. Director of the Authority Jorge Ricardo Fabrega said that his institution takes no pleasure from these measures but that it is time for drivers to pay their fines, especially since they were...
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The Linea Uno consortium, formed by Brazilian construction company Odebrecht and the Spanish Fomento de Construcciones y Contratas, will develop Panama’s Metro system. Although its nearly $1.447 million bid surpassed the $ 1.401 million offered by its competitor, Grupo Italiano Metro de Panama, the evaluation commission gave the Brazilian-Spanish consortium a better technical score. Both...
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Wednesday afternoon, three armed men walked into the Panama Security Group office and robbed the protection outfit of $30,000. Reports indicate that the robbers entered the Bethania neighborhood-based business, gagged the staff and forced them to hand over the money. Police were able to catch one of the robbers, a Colombian, who had a...
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