What is MERU? In the high-stakes game of big-wall climbing, the Shark’s Fin on Mount Meru is the ultimate prize. Everest is a cakewalk by comparison. Sitting at the headwaters of the sacred Ganges River in Northern India, the Shark’s Fin has seen more failed attempts by elite climbing teams over the past 30 years than any […]
The second terminal under construction will not be enough to meet projected demand by 2020, therefore a third airport expansion is being considered. The authorities at Tocumen SA have projected that by 2020 the average annual number of passengers who transit through the international airport in Panama City will amount to 20 million and the […]
Fitch notes that the relatively favorable external environment will not be enough for Central American countries to improve their credit ratings, which could remain stable despite fiscal problems. From the press release by Fitch Ratings: Fitch Ratings-New York-22 October 2015: External tailwinds are unlikely to lead to a significant uplift in Central America’s creditworthiness, says […]
In the next 35 years more than $11 billion will need to be invested in new projects in order to meet electricity demand, which is projected to grow at an average annual rate of 5%. Projections by the General Secretariat of Energy also indicate the need to invest in replacing power lines every ten years, […]
A “junta” in some corners of Panama means everything. It could mean gathering to help out your neighbors work a rice field, build a new home, or even just to celebrate life. The “junta” in Panama essentially means getting together for some reason or cause. For Washington state resident Jim Cannon, recently transplanted to the […]
When Catawba College student Tabitha Turenchalk of Sheffield Lake, Ohio, left for a summer internship in El Copè, Panama on June 29, she was planning to research sloths. But when a week passed and she failed to locate any of these slow-moving mammals, she switched species, opting to study snakes instead. Turenchalk, accompanied by fellow […]
Fox Latino News reports on the increased revenues of the Canal and the new locks are not even in operation yet! The Panama Canal reported 2015 fiscal year revenues totaling $2.61 billion, 8 percent above the budget forecast although slightly less than FY 2014. The Panama Canal Authority, or ACP, said Saturday on Twitter that […]
Ok Honey, I need one of these for Christmas which is less than 60 days away! The Emperador cigar chest from Imperiali Genève is a high-tech container that holds two dozen bespoke cigars. Click on the picture to see this incredible machine. Oh yes, The Emperador is available in a limited run of 12 numbered […]
As of November 1 companies whose annual purchases of goods and services exceeds $10 million, will have to retain 50% of the tax on transfer of movable property and services. The Directorate General of Revenue (DGI) announced that the first report on the withholding tax on transfer of movable goods and services (ITBMS) must be […]
Panama takes its baseball seriously and it is no difference here in Chiriqui. This new stadium will replace the older one in David. A contract has been awarded to the company Administradora de Proyectos de Construcción S.A. for the design, construction and equipping of a baseball stadium in the province of Chiriqui. Four companies submitted […]