AGP Executive Report
Last update: 10 hours agoPanama Canal Operations: The Panama Canal Authority is adding capacity again, boosting Neopanamax daily transits to 10 from Oct. 15 and raising the maximum navigational draft to 14.94 m (49 ft), taking total daily transits across Neopanamax and Panamax locks to 33. Jobs & Economy: Panama reported 77,231 new jobs and cut unemployment to 8.5%, with private-sector hiring leading in commerce, agriculture, banking, services and agribusiness. Shipping & Logistics: EPS delivered the LNG-fuelled RS Atlantico to Suardiaz, strengthening automotive logistics links; meanwhile, Jeeves expanded stablecoin-native cards to include Panama among new markets. Mining & Industry: Panama’s government commission is set to recommend restarting the suspended Cobre Panama mine via a state partnership with First Quantum Minerals. Agriculture & Trade: Taiwan is breeding bananas to resist TR4 Panama disease; Guatemala’s Agratisa is preparing mangosteen exports to Europe, while Panama-linked fruit and cold-chain logistics remain a key theme. Governance & Compliance: Former Public Works Minister Federico “Pepe” Suárez was sentenced to 16 years for embezzlement tied to overpricing in major infrastructure projects.
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