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News

Idaan inundated with complaints over crawling online services

  Inclement weather and glitches within the computer network at Idaan, the country's water and sewage service, are being blamed for bottlenecks within the online customer service system,  delaying the receipt of payments, requests for change of address and service problem reports. Though the system is still functioning, long delays have prevented Idaan offices across the country from responding to clients in a timely manner. “The system is slow," said Benildo Martínez, of the Department ......


News

Lowest bidder for Canal expansion sees rise in share prices

Share prices for Sacyr Vallehermoso shot up 12 percent on the trading floor at Madrid's stock exchange yesterday following the announcement that the consortium to which the company belings is a front runner for the contract pending for the design and the construction of the Canal's third set of locks. Meanwhile, shares of Impregilo, an Italian partner company, experienced a drop of more than 2 percent. That phenomenon was repeated ...

News

Audits ordered for toll road operators

The Martinelli administration may still entertain the possibility of nationalizing the toll roads within the capital, but the cost of that process has yet to be calculated.  Economy and Finance Minister Alberto Vallarino has set aside $750,000 to conduct the first audit into the Corredor Norte and Corredor Sur so as to determine the actual revenue brought in by collection of tolls over the last decade. Public Works Minister ...

Economy

Panama yields to pressure concerning its lax banking laws

Panama said it would make certain adjustments to its banking system recommended by the Organization for the Cooperation and the Economic Development (OECD) and the G-20 Summit leaders, which have often criticized the country for being a fiscal paradise. Though in a formal statement the country said it acknowledged that "times have changed" and that it will no longer be able to remain "isolated within the world," Vice Minister of ...

 

 

 


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