Lily Le Brun discusses in International Living how almost 20 years after gaining world heritage status, the historic district of Casco Viejo is flourishing. The historic district of Panama City, Casco Viejo or “Old Town”, received few tourists a decade ago. Its buildings were decaying and the area was rife with crime. In the 1930s, […]
VivaLatinoamérica has announced that it will base its operations in the country in order to cater for flights from Central America in 2016. Viva Group, consisting of the Grupo IAMSA and Irelandia Aviation, revealed that it will base its operations center in Costa Rica for Central American flights. According to statements given to the Mexican […]
In Panama a provisional license has been awarded to Wind Energy SA for the construction and operation of a wind farm with an installed capacity of 81 MW, in the district of Santa Fe, Veraguas. From the order issued by the National Authority of Public Services (ASEP): “… Resolves: FIRST: AWARD to the company EÓLICA […]
The recent bankruptcy of RG Hotels and its impact on the market have once again put on the table the need for a legal framework to allow for orderly restructuring or settlement of failed companies. A bill providing an adequate legal framework for companies facing financial difficulties that would allow them to be reorganized without […]
Employers, unions and the government agreed to a 8.5% increase in the minimum wage in all economic activities, starting from January 2016. The approval for the general rise of 8.5% applies to all activities in the economic regions of the country, except for small businesses. The Minister of Labor and Workforce Development, Luis Ernesto Carles […]
Panama Canal expansion contractor GUPC has shifted blame for potential delays in the new waterway’s opening onto the Panama Canal Authority (ACP), Spanish news service EFE reports. Giuseppe Quarta, chief executive of GUPC, said that it could deliver the project as planned for April 2016, however this was “impossible” at ACP’s current “bureaucratic and payment rhythm.” […]
A nephew of ex-Panamanian President Ricardo Martinelli was arrested in the Caribbean resort town of Cartagena, Colombia on Tuesday under an Interpol red notice, Colombian police said, as the former politician battles corruption charges. Mayer Mizrachi Matalon is accused in Panama of irregularities in a public works contract worth millions of dollars, the national police […]
International Business Times carried this article on the canal opening date. The long-delayed expansion of the Panama Canal is now expected to be finished by May, instead of April as was previously announced, Panamanian President Juan Carlos Varela said Saturday. Varela made the announcement in an address to the Central American country. In the speech, Varela urged […]
The Panamanian ambassador to the United States, Carlos N. Brin, bottom left, with his family in 1941.Credit IHT Archive Panama has no objection to cooperating with the United States in the establishment of defenses for the Canal Zone, but asks in return strict regard for the country’s sovereign rights, Dr. Carlos N. Brin, newly appointed […]
Peter Kohli writes in NASDAQ on the earlier story about Panama topping the list of places to retire and gives his views and opinion. In the annual edition of International Living, in which they release the global retirement index, I was pleased to see that Ecuador has been supplanted at the number one spot by […]