Five additional tanks to store crude oil will be built by Petroterminal de Panamá (PTP) as part of a pipeline expansion project, which implies an investment of $480 million.
Two tanks will be erected on the Atlantic side, with a capacity of 631,000 barrels, 80.79 meters in diameter, and 20.47 meters high; and three tanks are [...]

By Eric Sabo – Nov. 13 (Bloomberg) — Panama may sell as much as $500 million of bonds to finance construction of a subway and other infrastructure projects, Finance Minister Alberto Vallarino said. “We have enough money for the budget now,” Vallarino said in an interview today in Panama City. “But if the timing is [...]

The investment portfolio of banks in the local market amounted to $2.5 billion as of the end of August this year, representing a 25 percent decline as compared with the same period in 2008.
This, according to information collected by the Superintendency of Banks.
The private equity portfolio, previously at $2.3 billion in 2008, fell by 48 [...]

By Joshua Melvin – San Mateo County Times SAN FRANCISCO — A hedge fund manager from Colma pleaded guilty Tuesday to running a scam that cost investors at least $8.3 million over nearly a decade, federal prosecutors said. Alexander Trabulse, 62, who managed San Francisco-based hedge funds known as the Fahey Hedge Fund and Fahey [...]

Abu Dhabi: Emirates Ship Investment Company (Eships) has won a contract to transport approximately one million tonnes of alumina annually to Abu Dhabi’s Emirates Aluminium (Emal). Emal is building a $5.7 billion aluminium smelter, the largest diversification project in the UAE. The three-year contract was awarded after a competitive tender involving over 15 shipping companies [...]

By Kathyria Caicedo for Telemetro Reporta – Every day one hears mention that different locations in Panama are being used for the production of television programs and to shoot film footage.
According to a report released by the Ministry of Commerce and Industry, this industry spent more than $5 million dollars in Panama in just the [...]

The government will invest $16 million over the next five years to boost the country’s production of of biodiesel and ethanol.
The investment, led by the Ministry of Agricultural Development, has been divided into two parts. A disbursement of $6 million will finance the installation of a biodiesel plant, while the other $10 million will cover the construction of an ethanol [...]

By XENIA DE LEON for La Prensa – The target for this government in terms of foreign direct investment (FDI) is to attract at least one billion dollars per year, equivalent to 5 billion in five years, reported the minister of Trade and Industry, Roberto Henriquez. Although it is estimated that foreign capital flows into [...]