Following the close of the 2015 fiscal year, the Panama Canal Authority (ACP) announced today that it has set a new historical tonnage record, welcoming 340.8 million Panama Canal tons (PC/UMS) through the Canal. The spike represents a year-on-year increase of 4.3 percent and highlights the Canal’s value and significance to global maritime trade. The […]
OK, maybe they should not have changed the slogan from “Have it your way” to “Be your way”. Yeah, we be good! Burger King Costa Rica has announced the closure of 29 restaurants operating in the country, after a decision was taken by shareholders and the franchisor BKC US. Since February the franchise has closed […]
Can you spell “over built”. Floods that have caused serious damage are forcing a review of the geology of the area and its ability to support new infrastructure. While preparations are being made for a new general plan of pending and existing works, the Municipality of Panama has suspended permits for 50 residential, commercial and […]
Here from The New York Times Travel Section are things to do and places to go see. A SPACE ODYSSEY IN SWITZERLAND In Transit Travel news, deals and tips, written by the editors and reporters of the Travel section. One of the 245 rooms in the new Kameha Grand Zurich hotel, part of Marriott’s Autograph […]
Builders working on an expansion of the Panama Canal said Tuesday they planned to have the refit completed by April 2016 despite the discovery of water leakage from fissures in one of the locks. The third set of locks “has entered its countdown phase,” the Grupo Unidos Por el Canal consortium, responsible for the expansion […]
Mike Wackett at The Load Star explains how the opening of the expanded Panama Canal next year will bring uncertain employment prospects for more than 200 panamax containerships, currently deployed on services transiting the waterway. According to Alphaliner, there are 238 container vessels of 4,000-5,100 teu operating on services that utilise the Panama Canal, but […]
Thank goodness for real estate property exemptions here in Panama. If you are considering buying a property here, the issue can cause a lot of confusion and delays in closing. While not an expert, I have had one in the past that I sold with the property and I have a new one on a […]
I have never heard a farmer say, things are great and I am making a fortune. With oil prices lower and the cost of Ag chemicals lower, it is hard to imagine this happening in Panama. Farmers have denounced the fact that half of the investment needed for cultivation goes towards agrochemicals such as fertilizers, […]
Last year I thought this might be an excellent venue for investment here in Panama. I am glad I did not jump on that bandwagon. It may take time for this industry to recover. As with other forms of alternative energy, high oil prices in the past boosted investment in oil palm plantations as […]
The company Aeropuerto Internacional de Tocumen has been authorized to issue securities in the local and international market for an amount of up to $1.275 billion. A statement from the Presidency of Panama reports that “… Through Executive Decree authorization has been give to the corporation called Aeropuerto Internacional de Tocumen, S.A. (AITSA) to make […]