(Elite Traveler) In response to the nationās major tourism boom, global hotel groupsāincluding Hilton, Starwood and Trumpāhave set their sights on expansion into Panama. Thanks to an influx of desirable new properties opening in 2012, Panama is expected to reach an occupancy rate of more than 24,000 rooms. In its first investment outside North America, the Trump Hotel … [Read more...]
Panama’s growth to exceed 8.5 pct in 2011-IMF
(Reuters) - The Panama Canal's expansion is driving growth and demand in Panama, where economic growth is set to exceed 8.5 percent this year, making it one of the fastest-growing countries in the Western Hemisphere, the IMF said on Monday. "Near-term prospects are favorable, although global risks associated with economic activity and financial stability are on the rise," … [Read more...]
Panamaās agricultural industry in danger as imports mount
(Newsroom Panama) Panamaās agricultural industry is in danger asĀ new policiesĀ send supermarkets to theĀ internet to order supplies from abroad. In the past five years Ā farmers have given up growing on 35 000 hectares of land. Some crops such as corn, beans and coffee yields have fallen by 40%, and imports have increased by more than 25%. What was supposed to be one of … [Read more...]
Panama and Viet Nam share special friendship
(Asia News Network) Viet Nam News spoke to Ambassador of the Republic of Panama Eduardo Young Virzi to mark his country's National Day Thursday. How do you assess relations between our two countries over the past years? Ambassador Eduardo Young Virzi My assessment of the relations between Panama and Viet Nam is one that has been marked by the spirit of co-operation … [Read more...]
Gazprombank, Panama Consider Debt Sales
(Businessweek) The following borrowers in emerging markets are expected to sell international bonds. New information is followed by previously reported plans. OAO Gazprombank, the lending arm of Russiaās gas export monopoly, may sell from $200 million to $300 million of bonds in Swiss francs or British pounds, Interfax reported, citing an unidentified banker. The … [Read more...]