Tuesday, December 20, 2016

Eurona Wireless Telecom to provide WiFi network at Tocumen airport in Panama

Eurona Wireless Telecom to provide WiFi network at Tocumen airport in Panama

The service will be provided by the company Eurona Wireless Telecom, which currently provides this service at 46 airports worldwide. The free WiFi will have an hour of duration for the passengers.

Eurona Wireless Telecom, of Spaniard origin who is one of the main managers of Wifi in the world, was awarded the concession to manage this free network in the Tocumen International Airport, during the next five years.

The Wi-Fi network will allow travelers to connect to the Internet from any part of the airport free of charge for 60 minutes. The user will enjoy a friendly platform that multiplies ten times the bandwidth, with a simple configuration that will allow you to connect from any electronic device, according to a statement from Tocumen airport, and as it was known by Miguel Sanchiz of the Business section and Economy section of Panama ON, and editor of Panama Business News.

Tocumen announced that it will make available to its users the connection of free WiFi with a speed of 200 MB during the following weeks.

The user will enjoy a friendly platform that multiplies ten times the bandwidth, with a simple configuration that will allow you to connect from any electronic device, according to the Tocumen airport statement.

Previously, Tocumen paid for a service that was offered free of charge, through 40 antennas with a descent of 30 MB of speed. Now there will be 200 antennas that will serve 200 MB, for which the air terminal will not have to pay for this service, but the consortium must be accountable for this concession through the services it will provide in the long term, such as online advertising and roaming , The airport said in a statement.

The public tender for the award of this service was made with the endorsement of the International Civil Aviation Organization (ICAO) and was also attended by companies Telefónica Movistar, Cable Wireless, Digicel and Cable Onda / Telecarrier, Tocumen SA reported. Has been running the airport since 2003.

The execution of this project, which began with the signing of the contract on November 22, is scheduled to culminate in eight months.

Eurona, which participated in partnership with local technology solutions firm Grupo ITA, will provide services for the management of the Airport App.

Through it passengers will be able to consult information about flights, boarding doors, augmented reality services and geo location to manage their movement through the air terminal and adapt the infrastructures to their needs and preferences.

The airport will no longer have to pay for this service, but the consortium ill be held accountable for this concession through long-term services such as online advertising and roaming, the airport authority said.

On average, some 37,000 passengers make use of Tocumen International Airport every day.

Eurona is currently the WiFi manager for the 46 airports and two Spanish heliports, and in the last four years increased its turnover by 800%, to 25.8 million euros in 2015.


Eurona has a presence in Mexico, Jamaica, Panama, Costa Rica and the Dominican Republic through hotel WiFi, being the main network manager in the Caribbean with more than 15,000 rooms connected.

Thursday, December 15, 2016

(Panama Business News).Plexus Technology Group and La Casa del Médico Announce International Distributor Partnership for Mexico, Central and South America

(Panama Business News) Plexus Technology Group and La Casa del Médico Announce International Distributor Partnership for Mexico, Central and South America

Plexus Technology Group, LLC (Plexus TG), a fully KLAS-rated, market-leading, best-of-breed provider of anesthesia information management systems (AIMS), announces an international partnership with Horacio Icaza y Cía, S.A. (La Casa del Médico), a leading healthcare distributor based in the Republic of Panamá. Through this partnership, La Casa del Médico will market and implement Plexus TG’s world-class anesthesia documentation and medication management solutions, Anesthesia Touch™ and Pharmacy Touch™, throughout Mexico and Central and South America, bringing greater efficiencies to the OR anesthesia process.

Anesthesia Touch is an easy-to-use anesthesia EMR solution for both iPad iOS and Windows platforms. Anesthesia Touch integrates with other hospital systems, streamlining clinical documentation by providing anesthesia clinicians with the information they need when they need it, such as scheduling, preoperative data, patient demographics and physiological data. In addition, Pharmacy Touch, an add-on module, makes medication management simple with its intuitive, easy-to-use system that delivers to anesthesia providers and their pharmacies an integrated solution with controlled-access cabinets, barcode syringe labeling, closed-loop reconciliation and automated charging.

La Casa del Médico recently contracted with Clínica Hospital San Fernando, one of the top privately owned hospitals in Panamá, to install and support Plexus TG’s Anesthesia Touch solution. Implementation teams for both Plexus TG and La Casa del Médico are working closely together on their first joint installation to successfully deploy Anesthesia Touch by January 2017.

“As the demand for our anesthesia documentation solution increases internationally, it’s important we team up with industry partners that can deliver technical support and products to the end-user. With an 84-year proven track record in the healthcare technology industry, La Casa del Médico is a perfect distributor partner to provide sales and field level support and to increase the exposure of our software products,” said Tony Mira, CEO of Plexus Technology Group. “They are a welcomed addition to our distributor program and we look forward to working with them.”

“Partnering with Plexus Technology Group not only increases our product offerings, but it extends our commitment to bring our clients the latest technology and complete solutions. We are excited to be part of the Plexus TG distributor program and we look forward to a successful partnership,” commented Guillermo Ungo, national sales manager at La Casa del Médico.

As an iPad-based anesthesia documentation solution, Anesthesia Touch's full KLAS rating demonstrates Plexus TG’s commitment to providing complete AIMS functionality for their clients and partners. For more information, visit www.klasresearch.com.

About Horacio Icaza y Cia (La Casa del Médico)

Horacio Icaza y Cia (La Casa del Médico), a trusted medical technology vendor, has been operating in Panamá since 1932. They are proud of their enduring partnership with worldwide-leader brands, the highly valued performance of their specialized team and their continued relationship with their customers. In 1967, the first anesthesia machine was successfully installed in the same hospital where they’re installing Anesthesia Touch today. La Casa del Médico is a company of strong values that promotes and defends transparency of the government administration to help patients receive the best healthcare. They’re expanding so these same values can benefit other countries.

About Plexus Technology Group, LLC


Plexus Technology Group, a subsidiary of MiraMed Global Services, is a leading provider of anesthesia information management and medication management systems. Anesthesia Touch™ is a full-featured AIMS for both Windows and iOS platforms that supports concurrent charting and streaming physiologic data. It is easy to use, improves processes, enhances patient safety, provides comprehensive anesthesia documentation and is certified as a full EHR for meaningful use. Pharmacy Touch™, a modular add-on to Anesthesia Touch, automates controlled substance reconciliation, eliminates duplicate documentation, reduces drug errors and delivers charge capture and decision support at the point of care. 

Thursday, December 8, 2016

(Panama Business News). CIFI Moves its Headquarters to Panama to Boost the Infrastructure Financing in Latin America and the Caribbean

(Panama Business News). CIFI Moves its Headquarters to Panama to Boost the Infrastructure Financing in Latin America and the Caribbean

The corporation has financed over 160 transactions representing total investments of more than US 1,3 billion dollars

The Inter-American Corporation for Infrastructure Financing (CIFI), a leader non-bank financial institution dedicated to run projects in Latin America and the Caribbean, has decided to move its headquarters to Panama City. The objective of this measure is to leverage closer to the region to further boost its activity there.

The move to Panama coincides with the 15th anniversary of the corporation. Since the beginning of its activity in 2001, CIFI has evaluated over 600 potential transactions of which has financed over 160, representing total investments of more than US 1,3 billion dollars. All these projects have played a key role in economic development in Latin America and the Caribbean.

"Panama is a key financial center in Latin America and the Caribbean which concentrates 90 banks. Our presence here will help strengthen that role, given the importance of our shareholder: commercial banks, private investment funds and multilateral agencies", said César Cañedo, CEO of CIFI.

According to César Cañedo, one of the key elements when stepping into Panama has been the country´s role as a "logistic and strategic hub that can be accessed quickly by the main capitals of Latin America and the Caribbean."

CIFI will maintain the link with Washington DC, a city that has been vital in the successful history of the institution, given the presence of multilateral organizations there. Among them the International Finance Corporation (part of the World Bank), which is a CIFI shareholder, as it was known by Miguel Sanchiz editor of the Panama Business News.

The shareholders of CIFI are one of the added values of the institution, because in it there are multilateral companies such as the aforementioned IFC or the Central American Bank for Economic Integration (BCIE); Funds such as the Norwegian Investment Fund for Developing Countries or the Finnish Fund for Industrial Cooperation; and banks like Caixa Banco de Investimento, Banistmo, Banco Itau-Unibanco or Pichincha.


In addition to its expertise in infrastructure and deep knowledge of the region, other distinctive features of CIFI are its agility in providing alternative and structured financing solutions to its clients and the socio-environmental commitment. The track record and achievements of the company have been recognized over the years with international distinctions.

(Panama Business News). COPA AIRLINES suspected to be offering $2billion for AVIANCA according to the New York Times

(Panama Business News). COPA AIRLINES suspected to be offering $2billion for AVIANCA according to the New York Times. United offered a $500 million loan to Avianca and potentially one of its investors according to  a recent news coverage by the New York Times. Copa pursued a merger that would value Avianca at more than $2 billion, or a 150 percent premium to its share price last week. Delta offered more than $1 billion in cash, a majority of which would go to buy out most of the Synergy Group, Mr. Efromovich’s investment arm, with the rest going to Avianca. The Delta bid implied a $1.9 billion valuation.

On Tuesday, a special committee of Avianca’s board are expected to meet to decide whether to accept a bid or proceed with a new round of bids.

According to the NYT, details of these discussions are based on interviews with people who have direct knowledge of the company and negotiations but who were not authorized to speak publicly.

Despite its recent troubles, Avianca, which is based in Bogotá, Colombia, and second in the region only to the Chile-based Latam Airlines, is an attractive asset. Latin America is expected to be the largest growth market for travel in and out of the United States over the next two decades, according to a report by the Federal Aviation Administration. American Airlines is the only United States airline with a substantial presence in the region.

“These players have no footprint,” said Stephen Trent, an analyst who covers Latin American aerospace and transportation for Citigroup, in reference to the three bidders’ exposure to Avianca’s routes. The New York Times stated that Delta and United declined to comment on the deal. Copa did not respond to a request for comment.

Avianca also declined to comment. But in the company’s most recent earnings call in November, the chief executive, Hernán Rincón Lema, emphasized that Avianca’s financial situation was stronger than when it began the bidding process.

“From the very beginning, when we’ve set to find a strategic long-term partner, it has never been about money,” he added in a call with analysts. “It has been about the strategy, future, service, the world.”

Decades ago, Avianca suffered some major safety setbacks. The Medellín drug cartel blew up one plane over Bogotá in 1989, and the next year a plane crashed en route to New York. Combined, almost 200 people were killed.

That led Avianca to economic ruin, and in 2004 Mr. Efraim Efromovich spotted an opportunity to swoop in. He agreed to buy 75 percent of the company out of bankruptcy for a mere $64 million. (Today Synergy’s publicly disclosed 52 percent stake is worth about $460 million.) Five years later, Avianca agreed to merge with Grupo Taca, combining two of the oldest airlines in Latin America.


Taca had been controlled by the Kriete family since the 1960s, growing into one of the largest airlines in the region. Through civil wars and political unrest over the next few decades, the family held on to the business and founded an aircraft maintenance facility that services many of the world’s major airlines.

Tuesday, December 6, 2016

(Panama Business News).Tocumen Airport to issue Duty Free tender in January 2017

(Panama Business News).Tocumen Airport to issue Duty Free tender in January 2017. Attenza-Duty-Free-Tocumen-leadTocumen International Airport is issuing tender documents for three separate 700sq m duty free areas in the second half of January next year, almost a year earlier than anticipated.

Incumbents Motta International – with its Attenza Duty Free retail concept – and Grupo Wisa with its Riviera Duty Free brand, hold 10-year contracts at the Panamanian airport, which are due to expire in December 2017.

However, the airport says that the tender is being called early ‘because of the situation of Grupo Wisa’.

Regarding the new tender, there are three ‘blocks’ of duty free space at 700sq m each, of which a retailer can bid for a maximum of two areas.

“A company can bid for more than one space; two maximum,” the airport operator tells. “There will be two winners. One company will have one space and the other will have two.”

The airport is currently undergoing a massive expansion project with the construction of the new Terminal 2.

The length of this contract will match the previous contract’s 10 year term [starting in 2017] and will operate according to a Minimum Annual Guarantee (MAG) model. An ‘upfront amount’ will also be required, which will be deducted from the monthly payments.

Several international retailers have shown interest in the bid so far including, Dufry, DFA, DFASS and Heinemann, according to the airport operator.

“We are looking for operators with experience in multiple airports around the world,” adds Tocumen International Airport. A contract award date is yet to be released.


The airport is currently undergoing a massive expansion project with the construction of the new Terminal 2, with a projected completion time of 2017. Architect firm Foster + Partners was appointed for the project in 2011 and construction actually began in 2013.

Monday, December 5, 2016

(Panama Business News). Judges give green light to Corozal

(Panama Business News). Judges give green light to Corozal. Panama’s Supreme Court has thrown out a motion put forward by Panama Ports Company (PPC) that the tender for the Port of Corozal infringes guarantees set out in the country’s constitution.

The decision, which was taken by nine judges, clears the way for Panama Canal Authority (ACP) to continue with its tender for the construction of what will be a new container port with a 5.3m teu capacity.

Corozal port forms part of the ACP’s strategy to diversify its business portfolio and thereby maintain its competitive position, allowing it to generate additional income for the state.

The scheme, which has broad support in Panama, is especially supported by the Chamber of Commerce, Industry and Agriculture, even though PPC argues that, given the downturn in the global economy, its construction is entirely unnecessary.

In contrast and despite the fact that Panama has seen box volumes drop 12.8%, Rommel Troetsch, president of Panama’s Maritime Chamber, said that the country should invest in the development of its ports network to increase its share of the regional transhipment market.


He stated that it would also help convert Panama into a regional logistics hub for markets in Asia and Europe.

Sunday, December 4, 2016

(Panama Business News). Chinese companies interested in using Panama as Latin America entry point

(Panama Business News). Chinese companies interested in using Panama as Latin America entry point. Panama's positioning itself as a platform to distribute Chinese goods to Latin America offers a lot of potential, said Wang Weihua, permanent representative of China's Office of Commercial Development in Panama.

"Panama is already acting as a bridge, a window to transit Chinese merchandise to Latin America. I think that, given Panama's logistical development, this role will increase and will be enjoyed by more Chinese companies," he said in an interview with Xinhua on Thursday.

Wang added that Panama is a potential base for manufacturing plants, which is helped by the country's reputation as a logistical center.

According to Wang, the fact that a ship belonging to China's Cosco Shipping was the first to pass through the newly expanded Panama Canal on June 26 attracted a lot of attention to the country.

Wang said that a big Chinese business delegation arrived in Panama this week and visited the Panama Chamber of Commerce, Industries and Agriculture (CCIAP).

During a meeting with the Chinese business delegation, Nestor Gonzales, Panama's vice minister of foreign trade, said that his government is seeking to get closer to China.

Wang said the Chinese delegation was made up of around 35 Chinese entrepreneurs, led by Zhang Wei, vice president of the China Council for the Promotion of International Trade (CCPIT). The delegates mainly come from the telecommunications, banking and construction sectors and expressed a particular interest in investing in the energy and port sectors.

The Chinese delegation will stay in Panama until Friday, when it will visit the Colon Free Trade Zone to learn about its infrastructure and port capacity.

An agreement was also signed between the CCIAP and the CCPIT to jointly develop business and to seek opportunities to expand Panamanian exports to the Chinese market.

"Business between the Americas and China will continue to grow, representing a big opportunity for SMEs (small and medium enterprises)," Jorge Garcia, president of the CCIAP, told the Chinese delegation during the meeting.

Panama is one of just 22 countries to maintain formal diplomatic ties with Taiwan. China claims Taiwan as a wayward province and says it has no right to diplomatic relations with anyone.

The 35 Chinese entrepreneurs, lead by Zhang Wei, vice president of the China Council for the Promotion of International Trade, arrived in Panama this week, Xinhua said.

The delegates mainly come from the telecommunications, banking and construction sectors and "expressed a particular interest in investing in the energy and port sectors", it added.

"During a meeting with the Chinese business delegation, Nestor Gonzales, Panama's vice minister of foreign trade, said that his government is seeking to get closer to China," it said.

China views Panama as a potential base for manufacturing plants, said Wang Weihua, permanent representative of China's Office of Commercial Development in Panama, Beijing's de facto embassy there.



Friday, December 2, 2016

(Panama Business News). ABCI to Promote Latin American Bizav Expo in Panama in 2017

(Panama Business News). ABCI to Promote Latin American Bizav Expo in Panama in 2017. Aviation Business Consultants International (ABCI) has been selected to promote the second annual Aero Expo Panama Pacifico, which will be held at Panama City Pacifico International Airport on April 20 and 21, 2017. “The Latin American market has been growing by leaps and bounds,” said ABCI president Paula Williams, adding that the business aviation expo “is a proven concept and in a great location.”

Despite the lack of a coordinated marketing effort last year, the event still attracted several major industry exhibitors and sponsors, including Dassault Falcon, Embraer Executive Jets, Pilatus Aircraft, Textron Aviation, Million Air and Rockwell Collins. “That just proves the market is ready, the location is ideal and we're…planning for some impressive growth at the 2017 event,” said Williams.


This year's event included six aircraft on display, 25 exhibitors, worldwide and local FBOs, fuel providers and an MRO. Attendees included more than 500 visitors from 15 countries. Exhibitor registration for the event will be open in about two weeks, according to ABCI.

(Panama Business News). Panama approves banana production contract with Del Monte

(Panama Business News). Panama approves banana production contract with Del Monte. The Cabinet Council of Panama approved into law the contract that will allow the Banapiña de Panama SA company, a subsidiary of the Del Monte transnational fruit company, to invest more than $ 100 million dollars in banana production in the provinces of Chiriqui and Bocas del Toro.

The contract stipulates that Banapiña de Panama will invest a minimum of 100 million dollars over seven years in the districts of Baru and Alanje, in the province of Chiriqui, and in the district of Chiriqui Grande, in Bocas del Toro.

It also includes the lease of land and its preparation for planting, agricultural activities for growing bananas and / or plantains, the installation of irrigation systems, the construction of infrastructure for the packaging and export of the fruit, and any other improvements necessary for the development of the banana industry.

The contract will last for 20 years and will be automatically renewable for the same period of time under the same terms and conditions, except for tax exemptions, which must be reviewed by the State at the end of the contract's first period.

Similarly, it will include the development of activities of interest in three blocks consisting of: 1,771 plots awarded to former employees of COOSEMUPAR, totaling 1,703 hectares; the Nispero, Palo Blanco, and Majagua farms, 816 hectares; and the land owned by the Nation, comprising a total of 1,223 hectares.

The company will present the Project Development Plan of Banana Reactivation the year following the delivery of the individual's estates given in sublease to the company and the concession of those owned by the Nation.

According to forecasts, the company is expected to produce an average of 2,725 boxes of bananas per hectare a year. The project will be implemented in stages, at a rate of 800 hectares per year. In parallel, the company will execute the required investments and construct the buildings and facilities needed for its operation. This Resolution shall take effect after its promulgation.


'The Cabinet Council is happy that the company gives employment in the district of Baru. We are satisfied and content that they will offer jobs here," said the mayor of Baru, Franklin Valdes. The Municipality of Baru will receive $312,000 dollars per year and $26,000 dollars every month from the company.