Panama: $70 million for University Building


News from Panama

The Faculty of Medicine will be built on a plot of 5.5 hectares and the Ministry of Health will oversee the tender of the architectural design drawings, construction, and equipment. $70 million has been approved to build and equip the new Faculty of Medicine of the University of Panama. The funds will be administered by […]

December 14, 2015

Panama: Ro-Ro Terminal in Corozal


News from Panama

The Panama Canal Authority expects to start in February the construction of a specialized Roll On-Roll Off cargo terminal in the Pacific, next to the planned container port in Corozal. The purpose of a specialized rolling cargo terminal is to turn the area where it will be built into a center for redistribution of vehicles, […]

December 14, 2015

COPA Airlines launches inaugural flight to Panama


News from Panama

Eighty passengers recently boarded flight 281, the first direct flight from Belize City to Tucuman Airport, Panama. The service is being provided by COPA Airlines. The flight costs 600 Belize dollars round trip and is scheduled twice per week on Tuesdays and Fridays, departing Panama at 11:29ª.m. and arriving in Belize City at 12:52p.m. The departure flights […]

December 14, 2015

Flows of Illicit Money from Central America Still Growing


News from Panama

The Global Financial Integrity report notes that between 2004 and 2013 the flows of money from Costa Rica from laundering and other illicit sources increased by 10% compared to the period 2003-2012. EDITORIAL The report entitled “Illicit Financial Flows from Developing Countries: 2004-2013” by Global Financial Integrity, shows that during the 10 years in question, […]

December 14, 2015

Panama electoral court strips ex-president of immunity


News from Panama

Panama’s electoral court   revoked former President Ricardo Martinelli’s immunity from prosecution to face charges of insider trading while he was in office. The multimillionaire supermarket tycoon, who left Panama in January and who is believed to be in Miami, is facing half a dozen corruption probes, including charges of embezzlement, espionage, taking bribes and […]

December 14, 2015