
Vivian Torrijos. |
First
Lady receives award
Panama's First Lady, Vivian Torrijos, recently received
the "Mi Héroe" ("My Hero") Award, granted
by the "Aid for AIDS" Organization for her contribution
in the fight against the spread of HIV. The award was presented at
the 14th International Inclusion Congress in New York City.
Panama
at UN Security Council
One of the best news for Panama this year has been its recent
election to the UN Security Council. The election solved a long political
dispute between Venezuela and Guatemala which, not able to secure
the necessary votes to represent Latin America at the Council, proposed
Panama in their place. After the election, President Martín
Torrijos traveled to Guatemala to personally thank President Oscar
Berger for the gesture. This is the fifth time that Panama occupies
a slot at the Security Council since the UN's creation over 60 years
ago.
Companies
interested in financing Canal's expansion
More than 40 Panamanian and international investors, financial
firms and banks have expressed interest in financing the expansion
of the Panama Canal. According to the Panama Canal Authority, of the
US$5.2 billion needed for the works, US$2.3 billion are expected to
come from private sources. Analysts believe that, apart from the great
business opportunities at stake resulting from the project, interested
companies are motivated by the prestige of being involved with one
of the largest construction projects in the continent in recent years.
The list of companies interested in financing the works includes HSBC,
JP Morgan, BNP Paribas, Scotiabank and the Bank of Tokyo.
A
$5,000 reward
Alba Aldeano became the first private citizen in Panama
to be rewarded for denouncing a "Crime Against the Environment",
committed by the company, Urbanización de Caribe, a construction
firm which severely blocked the normal flow of the Matías Hernandez
River during the construction of a new residential subdivision. Fifty
per cent of the $5,000 reward was funded by the fine imposed on the
firm ($10,000). According to the General Law on the Environment, passed
in 1998, all persons or corporations who denounce Crimes Against the
Environment will be rewarded.
Unemployment
rate falls
As of August of this year, there were 121,997 unemployed
citizens in Panama, representing 8.6% of the country's total workforce,
according to the office of the General Comptroller of the Republic.
This represents 1% less than the same period last year. However, Mariano
Mena, General Secretary of Central General de Trabajadores de Panama,
a labor organization, disagrees with the figures, stating that the
government has counted those working in the informal economy (newspaper
vendors included) as "legally employed."
Number
of visitors rises
More and more visitors are coming to Panama. According to
the Panama Government Tourist Bureau (IPAT), 826,287 tourists entered
the Isthmus between January and September, a 15% increase from the
same period last year. The main port of entry continues being Tocumen
International Airport, which accounted for over 500,000 of the arrivals.
Little less a quarter-of-a-million visitors were cruise ship passengers,
who normally spend between 8-10 hours on various tours of the Panama
Canal area.
Cost
of food increases
The Basic Food Basket, the minimum budget with which a Panamanian
family of four can purchase monthly food supplies has risen by $1.21
compared to September of last year, amounting to $197.98. The increase
is due to the rising prices of cereals, such as wheat and corn. The
cost of an 18 oz loaf of bread, for example, rose three cents in a
year. Another factor affecting the Basic Food Basket is the increase
in the price of rice, the most basic staple item for the average Panamanian.
New
twist in the Social Security scandal
Angel de la Cruz, the owner of Medicom, the company responsible
of supplying Panama's Social Security Entity with medicine poisoned
with dietilene glycol, remains in hiding after blaming his suppliers
for the defective drugs that have killed dozens of Panamanians, mostly
elderly people, in recent months. He has stated that he will eventually
surrender himself to authorities –a statement that has stirred
even more emotions among the angry relatives of the deceased.
Back in
September, health authorities went public with the so-called "Acute
Renal Syndrome", causing great concern in the general public,
which feared the outbreak of an unknown, incurable epidemic. Intensive
investigations later yielded the cause of the disease, which prompted
authorities to recall the defective drugs nationwide. As of this issue,
43 patients of the "syndrome" had died and a similar number
remained in intensive care units.
Road
damaged
Panama's National Emergancy System, SINAPROC, declared a
green alert earlier this week in the province of Darién, where
a portion of the Pan-American Highway collapsed near the town of Metetí
after 12 continuous hours of torrential rain. The damaged road caused
a 11-hour traffic jam in eastern Panama.
Drug
cartel dismantled
A total of 120 people have been indicted in the case of
Colombian drug lord Pablo Rayo Montano, who was arrested in Panama
earlier this year. Over 70 vehicles and 6 vessels (including submarines)
have been confiscated in the process, as well as private companies
millions of dollars in banking accounts and investments –the
largest drug-related case in Panama in recent years.
Attack
on poverty?
Panama is one of four Latin American countries with high
possibilities of achieving the poverty-reduction goals established
in "Meta del Milenio", a regional plan that seeks to cut
poverty by half among Latins before 2015. According to government
officials, Panama's positive outlook has been possible thanks to an
increase in social spending, which will account for 20% of the budget
in 2007. Part of these funds are being used in subsidizing poor families
in the interior provinces with $35.00 a month –a policy rejected
by the country's middle class, which complains of increasing taxes
and no incentives, blaming the government of practicing "outdated"
forms of paternalism to aid the poor. Whereas 25% of Panamanians enjoy
the same lifestyle as people in Europe and North America, approximately
15% of Panama's population lives with $1.00 a day.
More
cars on the road
Despite high fuel prices, there are more cars in Panama
than last year –a 25% increase, fueled by the purchase of more
than 25,000 units in the last 12 months.
Public
transport solution?
The Land Transport Authority (ATTT) has promised a prompt
solution to the caotic, public transportation system of the greater
Panama City area. The most favored solution is the introduction of
a modern, trolley-bus system, similar to those used in Colombia and
Brazil For years, public transportation in the capital has been provided
by individual bus owners (most of whom belong to politically-strong
guilds,) who have been careless in the maintenance of their old U.S.-imported
school buses, locally known as "diablos rojos" (red devils),
which are involved in countless accidents in any given year. A recent
accident, which killed 18 passengers in late October, has prompted
a nationwide outburst of anger against the system.
Loans
In recent months, local banks have approved over $8.2 billion
in loans, an 18% increase compared to 2005 figures. The loans reflect
the growing trend of the country's economy, fueled by a strong construction
industry, a booming real estate market and new business opportunities.