The dollar index, which measures the performance of the US currency against a basket of six major currencies, rose more than 2 percent this week, its best weekly performance since November 2015. The dollar rose to its nine-month high against a basket of major currencies on Friday and posted its best week in a year […]
Local loans from the Panamanian banking system totaled US $ 47,726 in August 2016, up 9.9% on the previous year, according to the banking sector report of the Superintendency of Banks of Panama (SBP). According to the SBP, the sector that expanded the most according to the destination of the credit was that of companies […]
Today, November 1, the extension that ordered Colombia to mixed sobrearancel applied to imports of footwear and textiles, but in the Panamanian private sector is unknown whether the South American country will apply a new extension of the measure, which materialize would be the third in a year. This, apart from the World Trade […]
Panama. During this month, Banistmo subsidiary of Bancolombia Group, one of the most important banking conglomerates in the region, celebrates three years of operations in Panama and has its most significant accomplishments to date. The bank reported assets of the order of US $ 9.1 billion, representing an increase of 16.1% from the beginning of […]
The Central Bank (BC) in Brazil revised its forecast and predicted that the national economy will have a decrease of 3.22 percent this year and not 3.19 as envisaged above. In the same way, and according to the results of the weekly Focus survey that the entity makes between financial institutions, by 2017 the expected […]
The Asian Infrastructure Investment (EBIT) is able to decisively influence the high demand for infrastructure in the region and in the global economy, a senior US official acknowledged. Treasury Undersecretary for International Affairs, Nathan Sheets, said Tuesday the relevance of EBIT, criteria circulating today strongly in specialized media. He added that this assertion is […]
With the presence of government authorities, representatives of the diplomatic corps and special guests, the first International Finance Summit, whose agenda addresses issues related to global and regional issues affecting foreign investment and international business and vision of organisms opens today international and multilateral banks on the challenges of the financial system and its […]
‘The position of the Republic of Panama is that the commission report be made public, as has already released the first report, «said Minister of Economy and Finance. Panama will publish the findings of the commission convened by the Government to review the practices of the financial industry, to recommend actions to promote transparency of […]
In the last two years there has been a contraction in regional growth ALERT After enjoying for nearly a decade of growth averaging 4% in the last two years (2015 and 2016) have recorded a regional contraction, in which the average growth in Latin America (AL) will end -0.6% of this year. According to the […]
Although the canal country will lead growth in the region of the Isthmus, Dominican Republic recorded a better gross domestic product (GDP), according to data released by the International Monetary Fund (IMF). Panama will close the year with growth of 5.2%, however, it will be higher in 2017 because it would be 5.8%, estimated […]