Analysis

More skilled workers are needed in Panama
OBG
plus

The overall unemployment rate in Panama increased from 4.1% in 2013 to 4.8% in 2014. This included 3.5% (or 61,616 people) who were openly unemployed and an additional 1.4% (or 24,289 people) assessed as being in the “hidden unemployed”, according to figures published by the National Statistics Agency. Nearly two-thirds of the absolute increase in the number of jobless people in 2014 was accounted…

Analysis

Panama Canal expansion in its final stages
OBG
plus

At a cost of $5.25bn, the Panama Canal expansion programme is the largest single investment in the country’s history. Approved by national referendum in October 2006, the project will see the addition of a third lane of traffic to the existing two-lane canal. Since it began in September 2007, the expansion programme has created more than 30,000 new jobs, according to the Panama Canal Authority (…

Analysis

New toll structure for Panama Canal set to come into effect in 2016
OBG
plus

In preparation for the opening of the third lane of the Panama Canal, a new toll structure was approved in April 2015 by the Cabinet Council. This followed more than a year of informal consultations with industry stakeholders, an open call for comments and a public hearing, with interested parties given an opportunity to provide feedback. Jorge Luis Quijano, the CEO of the Panama Canal Authority (Autoridad…

Analysis

A range of initiatives aim to improve regulation of Panama's banking sector
OBG
plus

A number of initiatives currently under way in Panama are expected to strengthen what is already a strong banking sector. Although the World Economic Forum’s Global Competitiveness ranking indicates that Panama’s financial system is at or near the top decile globally in most respects (see overview), the sector is hampered by its continued inclusion –as of early June 2015 – on the grey list…

Analysis

Share analysis: EGI – diversified conglomerate
OBG
plus

The Company Empresa General de Inversiones (EGI) is a holding company listed on the Panama Stock Exchange (Bolsa de Valores de Panamá, BVP) under the ticker symbol EGIN. The holding company has investments in three operating companies: Empresa General de Capital (EGC), BG Financial Group and Empresa General de Petróleos (EGP), with each focusing on a different sector. EGC primarily invests in the…

Analysis

Share analysis: GB Group – financial Services
OBG
plus

The Company GB Group is a publicly traded holding company, listed on the Panama Stock Exchange (Bolsa de Valores de Panamá, BVP) under the ticker symbol GBGR. The company owns a 100% stake in Global Bank Corporation – which is the second-largest non-government-owned Panamanian bank in the country. Founded in 1994 as a universal model bank, Global Bank Corporation’s assets reached the billion-dollar…

Analysis

Share analysis: Grupo ASSA – financial Services
OBG
plus

The Company Grupo ASSA is a holding company listed on the Panama Stock Exchange (Bolsa de Valores de Panamá, BVP) under the ticker symbol ASSA. The group has operations across Central America in three main sectors: banking and financing activities, insurance and reinsurance, and other strategic investments, which account for 45.9%, 42.1% and 11.1% of the group’s revenues, respectively. The company’s…

Analysis

Share analysis: Grupo Melo – agribusiness
OBG
plus

The Company Grupo Melo is an industry leader in a variety of agro-industrial activities across Panama, with a historical focus on poultry products. The company is publicly traded, listed on the Panama Stock Exchange (Bolsa de Valores de Panamá, BVP) under the ticker symbol MELO. Grupo Melo has expanded to have a national presence through its 196 points of sale, operating through an internal structure…

Analysis

Share analysis: Panama Power Holdings – renewable energy
OBG
plus

The Company Panama Power Holdings is a holding company that is traded on the Panama Stock Exchange (Bolsa de Valores de Panamá, BVP) under ticker symbol PPHO. Through its subsidiaries, the company operates and develops renewable energy generation projects. Its primary focus is run-of-the-river hydroelectric power stations. Panama Power Holdings operates four hydroelectric power plants; Hydro Caisán,…