Land
for Sale
At the end of last year when the Interoceanic Region Authority
(ARI), the state body charged with selling real estate handed over
to Panama in the former U.S.-administered Canal Zone was closed down,
there were still US$4,000-million in property assets not adjudicated.
These properties remained under the administration of the Ministry
of Economy and Finances (MEF), with the name of Administrative Unit
of Reverted Properties (UABR). Last week-end, this body published
in various newspapers advertisements in which it called for participation
in a public tender for the land involved.
Carter
Torrijos
On the 25th anniversary recenty of the death of former Panama
strongman Gen. Omar Torrijos, former US president Jimmy Carter recalled
the pragmatic way in which general Omar Torrijos finally gained control
of the Canal for Panama. The former American president also emphasized
the "strong love" that Omar Torrijos felt for his country
and his objective to achieve the administration of the waterway. Carter
stated this in a letter sent to the present Panamanian president,
Martin Torrijos.
To
Clean The Bay
A Panamanian company obtained the contract to build one
of the first plants of the project to clean up the bay of Panama,
contaminated mainly by sewerage, street and industrial water. Professional
Engineering Consultants (COPISA) will construct the first phase of
a sanitary sewer system in various residential sectors of Panama City
for a total cost of US$7.1-million.
Toxic
Waste
The Panama Maritime Authority (AMP) were investiganting
workers of a company that has been attending to two tankers intending
to remove from the port of Rodman (on the west bank of the Canal)
a highly toxic cargo considered dangerous for the environment and
the health of Panamanians. The tankers belonging to the company Trans
Canal Services S.A., were detained by the AMP at Rodman, with waste
and oily material that had been sucked from a Japanese military ship
that transited through the Canal and that was intended to be dumped
in a river in the suburb near Tocumen known as 24th of December.
Prepare
for Free Commerce
The National Economic Council (CENA) authorized the Ministry
of Economy and Finances (MEF) to sign a convention for a loan from
the Inter-American Development Bank (BID) for a total of US$5.500.000.00.
The loan will support the process of reform that the government is
implementing for macroeconomic stability, to improve the climate of
investment and to prepare the country for the adaptation to free commerce,
according to a note from the MEF.
The
Digital Gap
In Panama only 3.2% of the population has Internet access,
according to the studies of Cable & Wireless which announced the
creation of a fund of US$1-million to reduce the so-calle "digital
gap" in the country.
At the
same time Cable & Wireless handed $93.9 million dollars to the
Panamanian treasury comprising $87.2 million in dividends for the
49% of shares the government holds in Cable & Wireless in the
company, and $6.5 million in taxes.
Representatives
of the workers received $3.3 million dollars in dividend payments
as owners of 2% of the company, which also announced the start of
$70 million dollar investment program.
Bank
Fusions
Since 1995 to 2005 the International Banking Center of Panama
has registered 13 banking fusions. Three Panamanian banking groups
absorbed others in nine of the fusions, while the other four were
absorbed by foreign banking groups.
Ag
Loans Up
In the first six months of the 2006, the Bank of Agricultural
Development (BDA) has made 1,123 loans to Panamanians primary producers
and has disbursed US$13,660,327. This figure represents almost double
that of the same period in
2005. The
increase is due mainly to more flexible credit policies. The bank
dropped the interest rate from 7.5% to 6 and 5%.
Gambling
Addiction
A draft law seeks to regulate the entry of people to the
casinos according to their income. In Panama 14 complete casinos are
operating, two more than in 1997.
The casino
Administrators’ Association in investigating the problem of
compulsive gambling. The Association has contracted a group of professionals
willing to identify those addicted to gambling. An executive of the
Associaiton indicated that the system would operate with the same
parameters and confidentiality as the associations of Alcoholics Anonymous.
Mega
Port
Five port operating companies participated in the delivery
of documents for the pre-qualifying bid on the mega port project planned
between Farfan and Palo Seco at the Pacific entrance to the Canal
which is an adjunct to the proposed widening plan. The companies are
from Denmark, China, the United States, Singapore and Hong Kong and
delivered their proposals to the Panama Maritime Authority (AMP).
An evaluating commission comprising six people - three from the private
sector and three from the government, will choose the best proposal.
Meanwhile,
The Supreme Court admitted an appeal against the resolution of July
4, 2006, which rejected a resource of illegality presented by Panama
Ports Company for the act of pre-qualification for the design, construction
and administration of the Mega Port. Panama Ports Company had presented
the resource of illegality to a court, to suspend the resolution of
the Panama Maritime Authority, which excluded this port company from
bidding.
With the
arrival of three more Panamax container cranes at the Balboa terminal
of Panama Ports Company (PPC), this port is advancing rapidly towards
its goal of becoming a mega port.
Mr.
Eaton on Corruption
The US ambassador, William Eaton, declared yesterday that
the does not intend to interfere in the internal matters of Panama.
According to Eaton, his recent comments in which he indicated concern
about corruption in the Panamanian judicial system "should be
interpreted as the concerns of a good friend".
Mr. Eaton,
was later invited by the president of the Supreme Court, Graciela
Dixon, to converse on the convention of mutual cooperation with American
agencies. Judge Dixon, said she considers prudent to invite figures
such as ambassador Eaton to talks, given his recently expressed concern
on the matters of the administration of justice of the country.
Captured
by Indians
Indians of Cerro Pelado in the Ngobe Buglé region,
"captured" four employees of a company that carried out
exploratoy mining work in their territory. After negotiations with
the authorities in the province of Veraguas the employees were released
and said they "were not mistreated".