Although historically the Panama Canal has been the top revenue earner, the contribution of canal revenues as a percentage in the transport and logistics sector has been gradually declining. In 2008 income from the canal represented 46.6% of sector GDP, while in 2013 it amounted to 37%. This shows that other transport modalities, mainly land-based cargo, have increased...
In terms of premiums, the country’s insurance sector has been growing consistently since 2009. However, by some measures, profitability has been falling. According to Panama’s insurance trade association, Asociación Panameña de Aseguradores (APADEA), technical profits (i.e., the earnings from underwriting of risks) totalled $13.5m in 2013, while in the first nine months...
The capital markets in Panama are highly internationalised, both in terms of capital flows and the institutions involved, with the financial stability of a dollarised economy helping attract global firms looking to expand their Latin American footprint. The country has already established itself as a regional banking hub, with 76 local and international banks operating...
THE COMPANY: Panama Power Holdings is a holding company that is traded on the Panama Stock Exchange (Bolsa de Valores de Panamá, BVP) under ticker symbol PPHO. Through its subsidiaries, the company operates and develops renewable energy generation projects. Its primary focus is run-of-the-river hydroelectric power stations.
Most companies in Panama’s insurance sector, which is open to regional and global multinational firms, are composite insurers (i.e., active in both life, health and general insurance). Collectively, they provide a wide variety of products. Total written premiums have been growing at high single-digit rates, while insurance penetration (i.e., premiums as a percentage of...
THE COMPANY: Rey Holdings is a publicly traded holding company, listed on the Panama Stock Exchange (Bolsa de Valores de Panamá, BVP) under the ticker symbol REYH. The company owns 100% of Empresas Rey, which in turn owns 100% of Immobiliaria Don Antonio, Agroindustrial Rey and Setrey. Although the company was officially founded in...
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