Federico Humbert
in Central America
Monday, September 12, 2011
"It is unacceptable and irresponsible to blame the private sector for corruption cases that occur within the government."
The latest edition of the Global Competitiveness Ranking by the World Economic Forum ranked Panama within the top 50, a higher position than in recent years, which is further marred by bad ratings received in the perceived corruption concepts and poor quality of education.
Tuesday, April 27, 2010
Panamanian banks were prudent and dodged the crisis successfully; they are now full of cash, and eager to lend money.
With close to $13 billion in liquid assets, banks in Panama are getting ready to finance the Government’s large infrastructure projects, which require $2.4 billion in 2010 and $3.2 billion in 2011. In the 5 years of Martinelli’s government, the State is expected to invest around $15.6 billion.
Tuesday, May 26, 2009
Profitability drops as asset liquidity increases, but liquidity is what ensures the life of the banking business and their customers' money.
Panamanian banks have not used the extra funds that the financial incentive program (PEF) made available to them in order to stimulate lending. In addition, it must be considered that said funds are very expensive, and they have simply not been needed.
Monday, April 13, 2009
The Panamanian corporation recorded a net profit of $120 million in 2008, an increase of 6% compared to 2007.
Empresa General de Inversiones (EGI), which is traded on the Panamanian Stock Market, owns 100% of Empresa General de Petróleos S.A., 100% of Empresa General de Capital S.A. and 61% of Grupo Financiero BG S.A. (Banco General).
Tuesday, December 2, 2008
Panama is waiting for the United States to ratify the FTA that both countries negotiated and which has already been approved by the Panama National Assembly.
We continue to work and lobby Congress and more specifically the Democratic Congressmen because they are the ones who are most opposed to the agreement, the Panamanian ambassador in Washington, Frederico Humbert, reported.
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