State dividends from private parnerhsips climbing

(PanamaNewsRoom) Panama's government received higher-than-expected dividends from its stakes in private companies during 2010.

The  government got returns totaling $153.3 million, in 19010   That was $6.3 million more than estimates. The state received $144 million in 2009.

Jorge Dawson, the director of state Concessions and Investments predicted  further increase because of  strong economic growth in the country.

The largest contributor  was Cable & Wireless, with a payment of $65.6 million. Electric companies AES Panama and Enel Fortuna each paid around $27 million.

The government received higher-than-expected dividends from its stakes in private companies during 2010.

Panama’ government got returns totaling $153.3 million, in 19010 from its stakes in private companies. That was $6.3 million more than estimates. The state received $144 million in 2009.
Jorge Dawson, the director of state Concessions and Investments predicted further increase because of strong economic growth in the country.

The largest contributor to the the government was Cable & Wireless, with a payment of $65.6 million. Electric companies AES Panama and Enel Fortuna each paid around $27 million.

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Original Source: PanamaNewsRoom

Date Retrieved: February 10, 2011