The approved budget for 2017 includes $5,148 million for works such as the extension to 8 lanes of the bridge-Arraiján Americas and to 6 lanes of the road San Carlos-La Chorrera. From a statement issued by the Presidency of Panama: In an extraordinary session held by the Cabinet Council on Friday, approval was given to […]
Ten years in the making, the much-awaited third lane in the Panama Canal is now open. This $5 billion project promises to reorient the landscape of the logistics industry. However, the canal’s inauguration comes at one of the most difficult financial times for the shipping industry as international trade falters, due in part to the […]
Many investors, public and private alike, are making big bets on U.S. infrastructure projects tied to expansion of the Panama Canal, which started moving supersized container ships through its wider, deeper channel and locks on June 26. The canal’s expansion was years in the making and cost a reported $5.25 billion. But that’s a fraction […]
When one of my clients came to me a few years back and suggested that he might want to put a million dollars to work by investing in Panama Real Estate, I took him as serious as a heart attack. After a year of keeping my eyes opened for the right opportunity, I found a […]
I ran across this great article written by Seth Kugel “Frugal Traveler” about his visit to Panama with his parents. The first Panamanian I met promptly handed me a baby. It was a logical move, from her perspective. She was the lone person working a bamboo-walled roadside stand halfway between Tocumen International Airport and the […]
More than half of the liquefied natural gas leaving the U.S. over the next three years is contracted by Asian buyers, signaling a potential shift in a market that has been dominated by Latin America since shale exports began in February. The U.S. is slated to bring online 42.9 million tons a year of LNG export […]
The first cargo of LNG entered the expanded Panama Canal on Monday marking the latest in the ‘new era’ of shipping being ushered in with the opening of the canal’s larger locks last month. The LNG carrier Maran Gas Apollonia entered the new Agua Clara locks on the Atlantic side of the Panama Canal Monday morning carrying […]
Maersk Line unveiled plans Thursday to deploy 11 vessels of 8,500 TEU on a rerouted service that will make use of the newly expanded Panama Canal. Maersk Line is one of the Panama Canal’s biggest customers, and with the opening of the Canal’s expansion last month the company said it was ‘likely’ to add capacity and reroute larger […]
Vanesa Vallejo reports in Pan Am Post about how high tax rates are driving companies out of Colombia. Direct foreign direct investment in Colombia has fallen 37 percent as of February. Panama will be the recipient of some of this pullback. Between 2015 and 2016, seven multinational companies have left. PayPal, Ripley and Mondelez are just […]
The Venezuelan government has announced that it will be negotiating with Panamanian companies interested in selling food and commodities that can come into the country duty free. Hopefully, they will pay the bill! The government of Venezuela has announced that it has $100 million available to buy more than one thousand tons of food products, “… including […]