June 2015

This time our report focuses on Panama - probably the most cosmopolitan capital in Central America. Numerous nationalities come to work on the canal and many stay, with the metropolitan area now home to a third of the country’s 3.8 million population.

BT 6_2015_angMore than a century after the opening of its world-famous canal, Panama is preparing for its expansion, and further global trade. While the banking business is largely regional, there are opportunities to be had for investors worldwide, particularly in sectors related to logistics, energy and real estate. Mercedes Eleta de Brenes, president of Stratego Communications, says: “It’s one of the best places to invest in Latin America thanks to a dollarised economy, dollar denominated banking system, transport links, the presence of many multinational companies, and security.” Dell, HP, Sab Miller, GE, BMW and Procter and Gamble all have bases in and around the city, while manufacturing giant Caterpillar opened a hub for its Latin American customers early last year.

I encourage you to read and perhaps even visit this unique city that is developing so dynamically.

 

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