Panama’s top court has initiated a process to seek the extradition of former President Ricardo Martinelli from the United States on charges related to illegal wiretaps against dozens of opponents while in office. Panama’s foreign ministry said Thursday that the Supreme Court had sent it documents requesting Martinelli’s extradition. The ministry will make sure they […]
The Spanish-led consortium working on the expansion of the Panama Canal is planning to hand over the completed project on May 31, after suffering major delays and cost overruns. But the Grupo Unidos por el Canal (GUPC) consortium, which is headed by Spanish company Sacyr, still does not now how much money it will receive […]
The Line 2 of Panama’s Metro will open up new markets in Panama and with that will come suburban growth and more affordable housing. The Salsano Group announced today it has acquired 500 hectares of land in Pacora, Panama. The equity deal is worth 125 million USD. Line 2 of the New Metro will service […]
Alex Nussbaum and Naureen Malik report in Bloomberg about the impact that the new canal will have on world trade. These are heady times for sure and this article tells a much bigger story than I even thought about. A century after transforming global markets, the Panama Canal is about to redraw world trade once […]
Click on the picture above to see some aerial photos. I worked with the owners where we discussed doing a complete renovation of their Villa in preparation for market. We did a total home paint job from floor to ceiling, repaired some cabinetry, metal work, screens, plumbing and electric. Thousands of dollars later we now […]
If properly run, this program would open up a huge natural resource like Coiba National Park to people who would not normally travel to Panama to go there. As is stands now, it is a long boat ride out to the island and mostly by local pangas that are not the most comfortable ride and […]
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 […]