The increase in the average number of days that tourists stayed in the country was not enough to offset the drop in hotel occupancy, which fell to 50% in the first quarter of this year. The difficulties that hotel sector is facing due to the lack of international promotion of the country as a tourist […]
Panama’s government says airlines are cutting prices on tickets for Cuban migrants flying to the Mexican border city of Ciudad Juarez. The president’s office says airlines have offered tickets at $575, rather than the previous price of $805. Children under 11 can fly for free. Since May 9, Copa Airlines and Mexico’s Global Air have […]
Charlie Devereux reports at Bloomberg of this unusual phenomenon that came out of the Papers. When leaked Panama Papers listed President Mauricio Macri of Argentina as the director of an offshore shell company, he found himself on the front page of the world’s newspapers for all the wrong reasons. But the documents may ultimately prove to […]
Chinese consortium Panama Colon Container Port will construct the first container terminal in Colon able to accommodate post-Panamax ships after reaching an agreement with the Panama Maritime Authority. The terminal will have an annual capacity of 2.5 million twenty-foot-equivalent units, quay length of 3,937 feet and depth of 59 feet with additional land that opens […]
It is a shame that the new canal opening is happening during an El Nino drought that will affect draft restriction for the new larger ships that pass through the canal. The Panama Canal Authority has published the initial draft restrictions for neopanamax vessels ahead of next month’s opening of the expanded Panama Canal at […]
I am getting giddy waiting for the gates to open and the huge ships cross through the new locks structure and into the New Panama Canal. Here is a great story and video with Myra Rodriguez. AT THE PANAMA CANAL – At the narrowest section of the Americas, a herculean process is underway to connect […]
An environmental impact study has been presented for the construction of an industrial park with 6 commercial premises and 82 warehouses in Tocumen, Panama province. The Environmental Impact Assessment (EIA) submitted to the Ministry of Environment in March 2016 by INMUEBLES Y CONSTRUCCIONES DEL ISTMO, S.A. indicates that the development will be called “Parque Industrial […]
Every fisherman who fishes the waters of Goflo de Chiriqui knows this view very well. By the way, the Tuna bite is so strong that people quit fishing for Tuna by 11 am and reports of 10 to 20 fish are common every day now. Here in this video, the Mad Fisherman travels to Panama […]
Although the government has not yet reached an agreement with indigenous groups who are opposed to the dam, they have announced that the reservoir will be temporarily filled in order to carry out tests. From a statement issued by the National Public Services Authority: The filling up of the reservoir is temporary and for testing […]
The construction of the energy generation plant using natural gas by AES Colon will be financed with a syndicated loan from the CABEI, Banistmo, Bancolombia and other banks. Those involved in the syndicated loan are Banistmo, Bancolombia, the Central American Economic Integration Banco General and Global Bank, reports Capital.com.pa. The plant, which will have the […]