Panama has signed a deal with Japan to secure $2.6 billion in financing for the construction of a third metro line in the Central American nation’s capital. The line will run from central Panama City west across the Panama Canal to link the capital with western suburbs. Construction is expected to begin next year with […]
Reuters reports that Panama will adopt international reporting standards as part of its desire to remain transparent. Panama will adopt international tax reporting standards and participate in the automatic exchange of tax information by 2018, President Juan Carlos Varela told Japanese media on Tuesday, as his country came under a harsh spotlight in the wake […]
The Tourism Authority of Panama will directly hire an advertising agency to develop two years of international promotion campaigns. The head of the entity, Gustavo Him, told Prensa.com that “… the call began last week and they expect to receive six proposals in the month of May.” The decision not to invite tenders and make […]
Julia Harte reports for Reuters that the ICIJ will not work with the US Department of Justice. The media group that coordinated the Panama Papers investigation into offshore companies said on Thursday it would not participate in a criminal probe by the U.S. Department of Justice. Preet Bharara, the U.S. Attorney for Manhattan, wrote to […]
The Panama Canal is taking reservations for ships to transit its new locks starting June 27, the day after the inauguration of a $5.25 billion project to double the waterway’s capacity, authorities said Monday. The Panama Canal Authority said it processed 25 slots in the first hours since reservations opened. Four per day are reserved […]
Eric Farnsworth writes this great article for Americas Society / Council of the Americas. For over a century the Panama Canal has served effectively as a windpipe of the global economy, but it has also been seen as a tangible testament to U.S. technological and organizational prowess, the ability to mobilize capital, and a symbol […]
I was reading in Spaceflight Now that the shuttle tank is at the locks and awaiting crossing. The tugboat and barge transporting the last space shuttle external tank to its display venue in California have reached the inlet to the Panama Canal, now just days away from sailing into the Pacific. It is the fifth […]
Public Private Investment Opportunity Announcement The Municipality of La Chorrera will be hearing offers from private companies interested in operating a meat processing plant in the municipality through a joint venture. In order to prevent the closure of the plant, municipal authorities are assessing creating a joint venture with a private company interested in operating […]
In an area measuring 200 hectares the airport administration will develop a free zone for logistics companies, investing $30 million in the first stage. The airport administrators said that “… the plans focus on adapting the 200 hectares that are part of the land area of the cargo terminal, transforming them mainly so that they […]
Russian law enforcement raided the offices of a billionaire tycoon whose newspaper published the “Panama Papers,” a series of leaked financial documents detailing the offshore assets and illegal activities of international leaders and members of President Vladimir Putin’s inner circle. Russia has a history of hitting back at tycoons who challenge the Kremlin. In Thursday’s […]