The Panama-Pacifico Special Economic Area Agency
in Central America
Tuesday, May 22, 2012
Colombian, Venezuelan, Nicaraguan, Dominican and Spanish are among the nationalities of the immigrants who are coming to Panama to work.
Economic growth in Panama and the work of a series of large projects have raised the interest of foreigners who come to work in the country.
Tuesday, April 10, 2012
The investment of $17 million is intended to meet the requirements for trained personnel in Panama Pacifico, especially for handling heavy equipment.
Work on the training center should be started in June and it is hoped that it will fulfill all the requirements for participants in training courses on the skills required by the modern labor market: English, technology, work ethics and personal finances.
Thursday, June 16, 2011
Invoking Law 41 regarding multinational headquarters, General Electric (GE), is looking at setting up a regional office in the country.
If the project is put into action, the multinational would attend to all its operations in the Caribbean from Panama, devoting more than a million dollars to expanding infrastructure and increasing the return of workers.
Tuesday, June 7, 2011
BASF and Unilever are two of the companies that have recently joined the list of businesses that are operating in the Panama Pacific Special Economic Area.
Some 80 multinationals are currently operating in the Panama Pacific Special Economic Area (AEPP) and this figure is expected to continue rising, as is the number of new jobs.
Thursday, April 28, 2011
The second of its kind to be tendered in Panama, the training centre is designed to train technical personnel in various disciplines.
Like the previous centre put out for tender, this centre aims to meet the need for trained staff required by multinationals operating in the Panama Pacific Special Economic Area.
Tuesday, March 22, 2011
To become a global logistics center, Panama needs to efficiently integrate the various components involved in this sector.
Panama is already a leading player in world logistics, and most of its assets "provide excellent results individually, but lack a collective sense."
Wednesday, February 16, 2011
The government will put in place a training center to address the lack of qualified labor in the country.
Such initiative will be executed by the National Training Institute for Human Development and the Panama Pacifico Agency (APP).
Monday, August 30, 2010
In the next five years, London & Regional, the company in charge of the master planned development (MPD) will manage $345 million worth of works.
Olmedo Alfaro, general administrator of the Panama-Pacifico Special Economic Area Agency (AEP), highlighted that, “in these five years, more than $300 million will be invested representing a switch from the planning to operational phase for Panama-Pacifico”.
Monday, August 23, 2010
Green Ivory will establish new offices in Panama Pacifico, where they plan to complement their button-making enterprise
Heirs to a rich manufacturing tradition that began during the first decade of last century, Green Ivory is a leading producer of buttons of all styles and colors.
The company followed the tradition of the original group of Germans and Italians that settled in Ecuador in the early twentieth century, and since that time, the business has expanded exponentially in experience.
Tuesday, July 6, 2010
A study by the Labor Ministry concluded that the economy will generate 21,000 new jobs in the next four years.
The two main areas will be the Panama Canal Expansion and the Howard special economic area (Panama Pacifico).
"Last week, President Ricardo Martinelli stated that Howard would generate 25,000 jobs", noted Prensa.com.
Thursday, August 6, 2009
$65 million have already been invested in the former Howard Air Base.
Henry Kardonski is the CEO of London & Regional Panamá, developer of the project.
Friday, July 24, 2009
Cable & Wireless Panama formalized its participation in the Panamá Pacífico Project.
The agreement was signed with London & Regional, developer of the project, which is located in the former U.S. Howard air base.
Monday, March 9, 2009
The British company, London & Regional, is developing the project which would imply a $705 million investment over the next 40 years.
In an article in La Estrella de Panama, some of the characteristics of the project are described, which consists of a sustainable city with business parks, logistics, tourism and residential areas.
Located near the city of Panama, the construction project began in November, 2008 and envisions the creation of 40,000 jobs and 20,000 new homes.
Monday, May 26, 2008
Panama's comptroller-general ratified a contract between Caterpillar Latin America, the Finance Ministry and the Agency for Panama-Pacific Special Economic Area.
Under the contract, US-based Caterpillar acquired two building lots in Howard for a total of US$6.75 million.
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