AGP Executive Report
Last update: 6 hours agoFuel Costs: Diesel prices have more than doubled since January, rising 103% to $1.54 a liter from Oct. 30. The increase raises costs for transport, food distribution and agriculture; the government has earmarked up to $100 million for targeted fuel subsidies. Earthquake Recovery: A bill that cleared its first debate could free about $20 million in municipal funds for emergency expenses and recovery. It still needs further approval. Canal & Trade: Panama Canal bulk-carrier transits are tracking 30% below last year, despite improving water levels. Separately, Panama is seeking stronger trade links with India, including a possible direct maritime connection with Chennai for maritime and pharmaceutical trade. Investment Profile: Panama has been removed from the EU tax blacklist and will host Latin America’s first Global Bioeconomy Summit in 2028, bolstering its push to attract international business.
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