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Showing posts from January, 2018

Chinese truck maker eyes expanding LatAm market from Panama

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Chinese truck maker eyes expanding LatAm market from Panama
Leading truck manufacturer Shacman has launched operations in Panama with an eye to expanding its share of the Latin American market.
In a recent effort to pursue its aim, the company participated in the international heavy machinery fair Expo Maquina 2018, which took place in Panama City on Jan. 18-20.
"This fair is like a launching, an opening to show that Shacman trucks have arrived in Panama," the company's General Manager for Latin America, Xie Yan, told Xinhua at the city's main exposition center, Atlapa.
The company first entered the Latin American market in 2007, in Chile and Peru, and today has entered Bolivia, Brazil, Ecuador and Colombia.
The company sells about 600 trucks a year in Latin America, mainly in Peru and Chile, and hopes to increase its regional sales by some 15 percent."We want to take advantage of being in Panama to also cater to markets like Costa Rica, Guatemala, and Trinidad and T…

Bladex Announces Quarterly Dividend Payment for Fourth Quarter 2017

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Bladex Announces Quarterly Dividend Payment for Fourth Quarter 2017
Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or "the Bank") (NYSE: BLX), announced today a quarterly cash dividend of US$0.385 per share corresponding to the fourth quarter 2017.
The cash dividend was approved by the Board of Directors at its meeting held January 16, 2018, and is payable February 21, 2018 to the Bank's stockholders as of February 2, 2018 record date. As of December 31, 2017, Bladex had 39,428,834.73 shares outstanding of all classes.
Bladex, a multinational bank originally established by the central banks of Latin-American and Caribbean countries, initiated operations in 1979 to promote foreign trade finance and economic integration in the Region.
The Bank, headquartered in Panama, also counts with offices in Argentina, Brazil, Colombia, Mexico, Peru, and the United States of America, supporting the regional expansion and servicing its customer base, which includes f…

Nasdaq to Deliver Market Technology to Bolsa de Valores de Panamá

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Nasdaq to Deliver Market Technology to Bolsa de Valores de Panamá
Nasdaq Inc. (Nasdaq:NDAQ) and Bolsa de Valores de Panamá (BVP) have signed an agreement for Nasdaq to deliver matching engine technology via the Nasdaq Financial Framework architecture to Panama's national stock exchange. BVP will replace its current technology with a new platform that will allow them to meet their strategic growth plans and leverage the modular functionality of the Nasdaq Financial Framework to offer additional services to their members and clients.
"Replacing our existing trading software to Nasdaq's technology is a key component in achieving our strategic goals, our continuing efforts of the regional integration of the exchanges and position our Exchange as the hub for capital markets in the region," said Olga Cantillo, Chief Executive Officer, Bolsa de Valores de Panamá.
"Panama is one of Latin America's important growth markets and is clearly committed to creating a liquid, …

Panama Hotel votes to drop Trump — but his company won’t go

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Panama Hotel votes to drop Trump — but his company won’t go
An attempt to oust President Donald Trump's hotel business from managing a luxury hotel in Panama has turned bitter. There have been accusations of financial misconduct. Marriott, like most major international companies, has significant business and public policy interests before the Trump administration.
(Source: CNBC). Trump Hotels is contesting its firing, and its staff ran off a team of Marriott executives invited last month to visit the property during a search for a new hotel operator, according to two people familiar with the matter.
After the owners' association accused Trump Hotels of mismanagement and financial misconduct in a $15 million arbitration claim, the company owned by the president fired back with a $200 million counterclaim and refused to turn over the property's financial records. When a team from Marriott International came to the property at the invitation of the hotel's majority owner, Tr…