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Economy

Panama one of few countries in region to record economic growth

  Panama and Peru are the only Latin American countries to avoid a decrease in their respective Gross Domestic Products (GDP) this year, according to a World Bank report presented yesterday at the Second Summit of Finance Ministers of the region being held in Chile. "In 2009, few countries will escape a drop in GDP, while growth next year is again likely to be slow, 1 or 2 percent, and non-uniform," the report stated. The World Bank is forecasting that the economies of Latin America and the Caribbean will have an average decline of 2.5 percent, which represents a ......


Economy

Bar association rules on billboard issue

The National Bar Association has ruled that the Panama City Mayor's Office erred in allowing businesses to erect billboards in public easements along roads. The association said that decrees issued by the office are "not above the law," and that the municipality can not allow billboards to be placed in areas that have been deemed off limits by the Ministry of Public Works. The issue surfaced during the campaign, when a number of billboards appeared ...

Economy

Taiwan leader visits Free Zone

Taiwan President Ma Ying-jeou, who was one of the leaders who attended the inauguration of Panamanian President Ricardo Martinelli, visited the province of Colón Thursday. He was met at the Panama Canal Railroad station by a number of people, including members of the Panama-Taiwan Alliance, the mayor of the District of Colón and the province's governor. During his visit, he toured the Colón Free Zone and port facilities. He said that he made the visit because of the ...

 

 

 


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