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Monday, February 25, 2008

Special Reports

Central America: Strong DHL Growth

DHL's business is growing throughout Central America, helped in part by CAFTA and increased business with China.

Textiles, automotive components, electronic componets, pharmaceuticals, medical equipment and banking and legal documents dominate DHL's business in Central America. (Photo: DHL)

BY CHRONICLE STAFF

DHL is seeing strong growth in Central America helped by good performances in all countries, company officials say. "We have seen good growth in all five markets," says Jaime Quintana, vice president for Central America for DHL Express International Americas. Most of our busines has fortunately done very well [and] we have maintained our position."

DHL is the market leader in Central America, according to U.S.-based consultancy InfoAmericas. Last year, DHL revenues in Central America were expected to grow by more than 20 percent and this year they will likely again grow by double-digits, Quintana says.

PANAMA AND COSTA RICA

DHL's top markets in the region are Panama and Costa Rica. DHL operates its main Latin America hub from Panama, but that market is also growing...

Full story

Keywords: CAFTA, China, Colon

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From: casey halloran

panama city, panama

I am thrilled to see two countries where I reside are making the econ news so frequently. Both outstripped the sturdy 5% regional pace of GDP growth in 07 and show no signs of slowdown. Most interesting is that although neighbors with similar landscapes, the economic topography of the two are so very different. Panamanian officials declared 11.2% GDP growth in 2007, an incredible figure, especially when compared to the estimated 11.4% growth of new economic super power China.