source: Panama Investor Blog
I have heard these kinds of rumblings before, but it appears to have gotten legs where they are starting to do some work on the San Juan River on the border of Costa Rica and Nicaragua. It is interesting to note that Vanderbilt used the San Juan river to carry gold rush prospectors back in the mid 1800's from the Caribbean to the Pacific. I have serious doubts whether this new venture will come to fruition for a number of reasons. First, if you google map the area between the lake and the Pacific you see that it is not an easy task to make a canal in that area even though it is only 20 KM. From the east side of lake Nicaragua to the Caribbean the San Juan meanders more that 175 km.It will take much more than simple dredging to make it passable for large ships. I think this is just more hyperbole from the likes of the three stooges to try and see how the U.S. will respond. This article states that the U.S. is concerned and looking into the matter.
Friday, November 19, 2010
Thursday, July 01, 2010
Panama sees 56% growth in foreign direct investment Q1
This brief was sent in by Gary and is from JP Morgan, via Prima Panama
Panama
According to preliminary estimates released by the Comptroller General’s office, foreign direct investment (FDI) totaled US$609 million (2.3% of GDP) in 1Q10, up 56.4% from US$389 million (1.6% of GDP) in 1Q09. The sharp increase in FDI inflows was driven by reinvested profits, which more than doubled to US$387 million during the three-month period led by higher investments in Colon Free Zone enterprises. On a sectoral basis, the principal beneficiaries of FDI during the first quarter were the hotels,
telecommunications, agriculture, livestock, and real estate sectors. Panama’s FDI fell 26.1%y/y to US$1.8 billion in 2009 amid the global recession, matching the 25% plunge the IMF has estimated for all emerging markets. As the global economy recovers from its recent slump and financial flows to developing
countries strengthen, the Martinelli administration expects FDI inflows to surpass US$2 billion (7.6% of GDP) in 2010. (Franco)
Panama
According to preliminary estimates released by the Comptroller General’s office, foreign direct investment (FDI) totaled US$609 million (2.3% of GDP) in 1Q10, up 56.4% from US$389 million (1.6% of GDP) in 1Q09. The sharp increase in FDI inflows was driven by reinvested profits, which more than doubled to US$387 million during the three-month period led by higher investments in Colon Free Zone enterprises. On a sectoral basis, the principal beneficiaries of FDI during the first quarter were the hotels,
telecommunications, agriculture, livestock, and real estate sectors. Panama’s FDI fell 26.1%y/y to US$1.8 billion in 2009 amid the global recession, matching the 25% plunge the IMF has estimated for all emerging markets. As the global economy recovers from its recent slump and financial flows to developing
countries strengthen, the Martinelli administration expects FDI inflows to surpass US$2 billion (7.6% of GDP) in 2010. (Franco)
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