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Author Archive | Tom

aluminum

Aluminum Packaging Factory for $80 million

Plans are underway to build a 40,000 square meter aluminum container factory in the province of Panama, including an industrial building, production lines, warehouses and administrative offices. Data from the Interactive System “Central American Construction Projects”, compiled by the Business Intelligence Unit at CentralAmericaData, shows that Envases Universales Ball de Panamá, S.A. submitted an Environmental Impact Study (EIA) to the Panamanian Ministry […]

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sbp

Alert Over Asobank in Panama

The Superintendency of Banks has denounced the fact that the entity offering loans and other financial services, has no authorization to do so. From a statement issued by the Superintendency of Banks in Panama: The Superintendency of Banks considers it necessary to inform the public that an entity named “ASOBANK”, which offers to grant loans through advertisements in […]

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ship in new canal locks

Panama Canal transits up 7% in April

The Central American waterway saw 1,016 vessels pass through its locks for the month, a year-over-year increase of 7 percent from April 2016, according to data from the Panama Canal Authority. The Panama Canal in April 2017 saw vessel transits increase 7 percent to 1,016 ships compared with the same 2016 period, according to the […]

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copa-airlines-737

Pittsburgh to Panama? Airport authority in talks with Copa Airlines

After landing nonstop flights to Iceland and Frankfurt, Pittsburgh International Airport is turning its eye south to Panama. The Allegheny County Airport Authority is talking to Copa Airlines about starting service to Panama City. Christina Cassotis, the authority’s CEO, has had conversations with the airline about flights between Pittsburgh and Panama City, spokeswoman Alyson Walls […]

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noriega wheelchair

Judge extends house arrest for Panama ex-dictator Noriega

A judge on Tuesday extended the house arrest conditions for former Panamanian strongman Manuel Noriega to one year following his surgery to remove a benign brain tumor. However, Judge Katherine Pitti, who made the ruling in a western province, denied a request to allow the 83-year-old Noriega to finish his sentence under house arrest. Noriega […]

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money laundering

Panama Hosts Forum on National Strategy to Prevent Money Laundering and Financing of Terrorism

Government officials will be joined by members of the private sector and other stakeholders to discuss the progress that the Panamanian Government has made in addressing this global threat. PRNewswire/ — On Wednesday May 10th, Panamanian government officials will convene a Forum in Panama City with leading private sector stakeholders and academic experts to present the […]

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Flag-Pins-Panama-Cuba

Panama Tries to Help Cuban Refugees

Panamanian President Juan Carlos Varela is trying to help those Cubans who escape from Cuba find temporary refuge along the Panama -Cost Rica border by building temporary shelters and allowing only Cuban refugees into local hotels while on their way to the United States. Under the Cuban Adjustment Act, Cuban refugees are able to gain […]

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