Panama extended through 2021 the 100% reimbursement of Canal dues for cruise lines that homeport in the country. Executive Decree #274 was signed by President Laurentino Cortizo Cohen and Minister of Commerce and Industries Ramón Martínez. Amount of reimbursement depends on the year The reimbursement of the fees set by the Panama Canal Authority will involve […]
RIU Hotels and Resorts has reopened its Riu Playa Blanca in Panama, Caribbean Journal has learned. The reopening of the 573-room resort, which is set in Panama’s “Arco Seco” region, means the company has now reopened all of its hotel properties on the Pacific Ocean, Riu said in a statement. That includes 10 hotels across Costa Rica, […]
The covid crisis forced companies to accelerate the digital transformation process they had been experiencing, forcing the implementation of new business strategies that, far from disappearing when the pandemic passes, will remain and be reinforced. Crib economy, geolocalization, digital shopping… are terms that have always existed in the language spoken by marketing, sales and business strategy experts, […]
This just in from Sovereign Man, Simon Black. If the idea of packing up and leaving has crossed your mind lately, you certainly aren’t alone. With so many people across the globe staring at a new wave of COVID lockdowns, higher taxes, more chaos in their cities, etc., heading out for greener pastures is a […]
This article explained my feeling during this holiday season. I know, Thanksgiving is not until next week!! By William Vanderbloemen I’ll start by making a confession: until the day after Thanksgiving, I give the Grinch a run for his money. We have a pretty hard and fast rule that there are no lights, no decorations and […]
The Panama Canal has amended a tender for the engineering, design and construction of an optimized water management system after receiving more than 250 potential bidder inquiries following the opening of the prequalification period in September. The Canal has been grappling with unprecedented drought constrained water levels, and the tender is the first component of a program […]
Italy’s Enel SpA (BIT:ENEL) has commenced construction of a 26.24-MW solar park in Panama’s province of Chiriqui. The company, through Enel Green Power Panama (EGPP), said today that the Esperanza photovoltaic (PV) solar plant is expected to be up and running in the first half of 2021. Esperanza is part of EGPP’s USD-50-million (EUR 42.5m) […]
Fitch Ratings-New York/London-09 November 2020: Panama’s latest changes to its fiscal rule reflect the negative impact of the coronavirus, but the revised rule still envisages gradual deficit reduction over the next five years, Fitch Ratings says. The economic and fiscal impact of the pandemic, along with the development of credible consolidation plans, will be key […]
Between 2018 and 2020, it is estimated that the demand for data services in the fixed and mobile network grew 2.5 times, a rise that can be partly explained by the need to work at a distance and receive educational services online. Because of the spread of covid-19 and the imposition of restrictions on mobility, […]
While Panama was not in the path of Hurricane Eta, the strom effects caused significant damage and loos of life in Wester Chiriqui with 17 deaths and 68 people missing Approximately 600 U.S. military personnel are supporting rescue efforts in Honduras and Panama after Hurricane Eta devastated Central America on Thursday. SOUTCHOM’s Joint Task Force-Bravo mobilized […]