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Monday, March 25 2019 @ 07:48 AM UTC

Conservative Wins Election in Panama

PoliticsPANAMA (Reuters) — Ricardo Martinelli, a multimillionaire supermarket chain owner, won Panama’s presidential election on Sunday, defying a trend of left-wing political victories in Latin America. Panama’s electoral authority said Mr. Martinelli, a pro-business conservative, was the clear victor over his rival, Balbina Herrera of the governing center-left Revolutionary Democratic Party, whose government has struggled with crime and high prices. Mr. Martinelli’s business experience appeared to have swayed voters worried about their livelihoods in a global recession. A self-made businessman who owns the dominant Super 99 supermarket chain, Mr. Martinelli, 57, wants to build ports, highways and a Panama City subway.
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