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Showing posts from December, 2016

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

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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 TocumenInternationalAirport, 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 PanamaON, and editor of Panama Business News.
Tocumen announced that it will make avai…

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

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(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 …

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

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(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 Am…

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

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(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 toa 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 B…

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

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(Panama Business News).TocumenAirport to issue Duty Free tender in January 2017. Attenza-Duty-Free-Tocumen-leadTocumenInternationalAirport 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 t…

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

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(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 Marit…

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

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

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(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 CityPacificoInternationalAirport 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 provider…

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

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(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 renewa…