Cold
front
A powerful cold front from the North Pole, which brought
near-freezing temperatures in some parts of Central America in late
November, also cooled down much of Panama for a 72-hour period, but
was accompanied by strong winds and torrential rains causing floods
in the provinces of Colón, Coclé and the western section
of Panama. As of this issue, eight persons died due to weather-related
accidents during the front, which also caused two medium-sized vessels
anchored off Colón to run aground. In addition to this, 218
homes and 926 people were affected. Communication with three of the
San Blas islands (home of the Kuna Native American nation) were broken
as their landing strips and maritime facilites were damaged. SINAPROC,
the country's main security agency, declared a Yellow Alert in flooded
areas, which continued to be affected by a stationary front that broke
off from the main cold front, which moved towards the Caribbean later
that week. This is the third November in a row in which a major cold
front has swept through Central America, producing a substantial decrease
in temperature in this tropical region.
Thieves
captured
A band of four thieves was arrested after trying to steal
US$4 million in the airport of the otherwise-tranquil city of Chitré,
province of Herrera. The money was being transported to Panama City
by the security company Brinks when Gilmar Jackson, Juan José
Adames, Maximo Mosquera and Abdiel Cabuyales attacked at gunpoint
the plane in which the money was to be transported. Three employees
of Banco Nacional de Panama sustained minor injuries, but one of Brinks
guards died in the incident.
Social
Security scandal
Angel de la Cruz, the owner of Medicom, a company investigated
for apparently importing medicine contaminated with industrial glycol,
was captured after spending weeks in hiding. De la Cruz was added
to Panama's "most wanted" list after 44 Panamanians, mainly
elderly citizens, died after taking the drugs –causing a major
scandal that is also involving important elements of the country's
Social Security Entity.
Transport
system
As of this issue, Panamanian lawmakers were working hard
to pass a law that would raise legal penalties for bus drivers who
kill pedestrians or passengers in accidents, in addition to other
measures. Although Panama's economy is growing, prompting rapid development
in many areas, the public transport system in its major cities is
chaotic –a reality caused by politically-strong guilds of independent
bus owners who have been careless in the maintenance of their old,
U.S. Imported buses. Although colorful, Panama City’s "Diablos
Rojos" (red devils) are considered a menace to public health.
Their young drivers are often involved in accidents and traffic infractions.
Suburbs
against cell phone antennae
Residents of the suburbs of Betania, Las Acacias and San
Miguelito recently protested against the installation of cell phone
antennae in their communities. The reason: the release of studies
suggesting that cell phone radiation could cause the development of
cancer cells and other health problems.
Panamanian
golfers in South Africa
A team of amateur Panamanian golfers is getting ready to
travel to South Africa for the "BMW Golf Cup International Final
2006". The participants are winners of a regional BMW tournament
held last October at Summit Golf & Resort.
Road
collapses
A segment of the western highway leading to the Centennial
Bridge collapsed recently due to strong underground currents last
month. Authorities of the Ministry of Public Works have stated that
the road will be completely repaired in 45 days.
Panamanian
exports grow
Panamanian exports represen-ted US$798.2 million in the
third quarter of 2006, 5.5% more than the same period last year, according
to the office of the General Comptroller of the Republic. However,
the country has failed to reach the US$1 billion goal it had for this
year.
New
Call Center
Hewlett-Packard is considering the installation of a "Call
Center" in Panama. The company already operates two call centers
in Costa Rica, where they employ around 3,000 people.
Slower
buses?
Among the safety requirements that the Traffic and Land
Transport Authority (ATTT) will impose on bus operators are speed
limits for urban areas of 60 km/hour, for residential areas 40 km/hour
and on the North and South Corridor freeways 80 km/hour.
Spain
eyes Panama Boom
The First Vice-President and Foreign Minister of Panama,
Samuel Lewis Navarro, traveled to Spain to meet with the Spanish Minister
of Exterior Affairs, Miguel Angel Moratinos for talks on "bilaterial
matters and on the Spanish investments in Panama", in view of
the interest that has been awakened in Europe by the boom in the Panamanian
economy.
Diplomatic
Warning
Venezuela and Guatemala agreed to withdraw their candidacies
for a seat on the UN Security Council and to present Panama as the
candidate of consensus: Meanwhile, José Raúl Mulino,
former Panamanian Foreign Minister and Guillermo Ford, the former
Panamanian ambassador to Washington, warned Panamanian diplomatis
not to be influenced by the Venezuelan government when establishing
the Panamanian agenda before the Security Council. In recent statements
reported by the Bolivarian News Agency (ABN), the ambassador of Venezuela
to the UN, Francisco Cardenas Arias, said that his country would contribute
to the representation of Panama before the Security Council to be
"aligned with the interest of Latin America".
Meanwhile
a group of executives and technicians of the company Petróleos
de Venezuela, S.A., (PDVSA) arrived in Panama to meet with the Minister
of Commerce and Industries, Alejandro Ferrer and the Vice-minister
of Domestic Trade, Manuel José Paredes, to make various deals.
One of which is for Venezuelan bunker fuel and asphalt.
New
Tocumen
Adapting, enlarging and restructuring Tocumen International
Airport has cost US$90-million so far. This includes new equipment
and operation systems.
Colombia
Trade Again
Colombia lifted the restrictive measures that it has maintained
since 2005 against exports and reexports from Panama and the Colon
Free Zone, the economic effect of which is calculated at more than
US$400-million. After a long process of negotiation and a procedure
carried out by Panama at the World Trade Organization, both countries
reached a bilateral pact and signed an Agreement on Cooperation and
Customs Information Exchange.
The commercial
transactions of the Colon Free Zone (ZLC) this year reached more than
US$12,000 billion, said Nilda Quijano, general manager of the ZLC
when she appeared at the Budget Commission of the National Assembly.
She maintained that the transactions could reach US$13,000 billion
following the lifting of the Colombian restrictions. Quijano indicated
that with those figures the commercial movement registers a 13 percent
growth in comparison with the previous year.
North
Corridor Extension
The second phase of the construction of the Northern Corridor
from Tinajitas to the Panama Golf Club should be resumed in January,
stated the Minister of Public Works, Benjamín Colamarco.
Casinos
Doing Well
Some US$30-million will enter the Treasury this year from
the casinos that operate in the country. Figures of the Comptroller’s
Office reveal that up to August, Panamanians spent nearly US$61.5-million
in the casinos.
Open
Skies
Panama has begun a process of negotiating "open skies"
with Canada, Colombia and Costa Rica, reported the director of the
Civil Aeronautics Authority, Eustacio Fábrega. A policy of
"open skies" with these nations will permit the country
to increase air traffic, as well as guaranteeing tourist activity.
Canal
Expansion
The work on expansion of the Panama Canal will begin in
2008, since initial work involves relocation of the highways giving
access across the Canal basin. The administrator of the Panama Canal
Authority (ACP), Alberto Aleman Zubieta, said that among the relocations
would be the connections to the Centennial Bridge and the transfer
of high-tension cables that cross the Panama Canal.
In three
months the board of directors of the Panama Canal Authority will define
the toll increases for ships to transit the waterway. These increases
will take place step by step, at a rhythm of 3.5% annually until 2025.
Non
Operational
At present 60% of the operating rooms in social security
hospitals are not functioning for lack of specialists, Domingo Moreno,
president of the Association of Medical Specialists of the Social
Security Fund (CSS), revealed to The Panama America newspaper.
Against
Skyscrapers
The Ministry of Housing (MIVI) will not authorize changes
of zoning in the area of Coco del Mar, a small section of the Panama
City suburb of San Francisco, for the construction of new skyscrapers.
This was brought to light by the director of Urban Development of
the MIVI, José Batista, who said that for the tranquility of
the neighbors he would not authorize changes in zoning in view of
the possible construction of new buildings in the area of Viña
del Mar.
Arrests
in Poison Case
Three agents of the Sensitive Unit of the Technical Judicial
Police (PTJ) were yesterday accused of responsibility in the poisoning
death of the head of that specialized group, Franklin Brewster, as
part of a conspiracy by international drug traffickers for which they
were alleged to have been paid US$500,000. The auxiliary public prosecutor,
Luis Martínez, reported that two
of the
defendants were detained under arrest warrants and the third was ordered
not to leave the country.
Luxury
Yachts
Luxury yachts with a value of between US$500,000 and US$10-million
are being sold in Panama like "hot bread", a newspaper reports.
Just one company, Evermarine, reported that up until now it has sold
13 yachts since it began operation in July of last year.
Export
Perspective
With the objective of promoting Panamanian exports to the
markets with which the country has free trade agreements, the "First
Exportable Encounter" was held recently. Carmen Gisela Vergara,
Vice-minister of Foreign Trade, said the event was organised so that
Panamanian exporters and producers could show their products in the
international markets.
The president
of the Panama Exporters’ Association, Roy Rivera, declared that
the country is expecting to export by the end of the year some 10,000
containers of agricultural products such as melon, watermelon, pumpkin
and bananas. The exports in 2005 amounted to US$460-million. The recovery
of the exports has also favored the construction sector, since, according
to Rivera, "we are being successful in the export of aluminum
windows, designer doors and furniture in markets such as that of the
United States".
Panamanian
exports totalled US$798.2 million in the third quarter of 2006, 5.5%
more than the same period last year, according to the office of the
General Comptroller of the Republic. However, the country has failed
to reach the US$1 billion goal it had for this year.
Banistmo
Sold
The Public Stock Offer between the Grupo Banistmo and the
Hong Kong and Shanghai Banking Corporation (HSBC) was closed yesterday.
It is estimated that within five days the payment for the operation
should be concluded. It amounts to more than US$1,770-million and
HSBC assumes control of Banistmo. The purchase is the largest financial
transaction in the history of the country and will generate taxes
to the order of US$88-million.