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Procter and Gamble
For this, the company has invested $50 million. These logistics costs might include housing and children tuition, plus other benefits.
“Additionally, these 400 executives from 17 nationalities, most of them Venezuelans, are spending $15 million per year in Panama”, said Antionio Boadas, P&G foreign relations manager for Latin America. “There is so much demand for good schools for their children, that the company has landed an agreement with the International School of Panama under which the educational center will invest to enlarge its capacity in 120 students”.
Source: Prensa.com
More on this topic
February 2011
More and more foreigners settle in Panama, requiring a wide range of different services.
According to preliminary data from 2010, more than 12.000 work permits were given to foreigners, including executives of multinational companies or those coming from other places in search of better opportunities.
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