China’s Huawei Technologies has opened a distribution center for its Latin American operations in Colon free trade zone in Panama. Huawei currently has around 500 employees in Panama, Xinhua news agency reports, citing Panama’s minister of commerce and industry Meliton Arrocha. The 10,000 square meter distribution center in Panama will create 200 new direct jobs […]
Colombia and Panama have given each other another 60 days to come to agreement on how to combat Colombian tax evasion through Panamanian banks. The two countries failed to meet the negotiation deadline set for the exchange of tax information after one year, extending a further 60 days, in a Colombian bid to fight money laundering and tax […]
Sandy Fenton from Penn Live contributed this piece. One of the true engineering marvels in the world, the Panama Canal, is definitely a must-do travel experience. Since 1914, this link between the Atlantic and the Pacific continues to be one of the world’s greatest and most important shipping routes. More than one million ships, from […]
During the 70th United Nations General Assembly in New York, SkyPower, the world’s largest developer and owner of utility-scale solar projects, made a historic announcement with President Juan Carlos Varela, unveiling its plans to build 500 MW of utility-scale solar energy over the next five years in Panama, representing an investment of US $1 billion. […]
President Mr Juan Carlos Varela officially launched construction on Panama City’s second metro line on October 5, when a groundbreaking ceremony was held in the district of Las Mañanitas at the eastern extremity of the line. Line 2 will be 21km long with 16 stations and will run east from an interchange with Line 1 […]
The Panama Canal Authority (ACP) has announced that the leak that occurred in the concrete sill between the lower and middle chamber of the Canal’s expanded Pacific Locks was the result of insufficient steel reinforcing. The information came from Grupo Unidos por el Canal, S.A. (GUPC), the contractor responsible for the design and construction of […]
This guy tells a great story of the kind of fishing I love the best in one of my favorite places. Inshore popper fishing is as close to bow hunting as it gets and requires a lot of work to hunt some of the huge species we have here. Tyler Kapela’s in Panama with Tropic […]
Telecoms entrepreneur Wang Jing, 42, listed among world’s 200 richest people with net worth of US$10.2 billion in June, is now worth only US$1.1 billion, says Bloomberg Billionaires Index. The Chinese billionaire who is using his personal fortune to help fund a US$50 billion Nicaraguan challenger to the Panama Canal has seen his net worth […]
Panama’s international banking center registered loan growth of 11.9% year-on-year in the first half of 2015. The center’s loan portfolio amounted to US$6.37bn at the end of June, the banking regulator said in a report. Total assets climbed 10.8% year-on-year to US$114bn. The center is made up of 91 banks of which some focus on […]
BIOMIN has further expanded its global production network with the opening of a production plant in Panama. The inauguration marks the latest milestone in the firm’s local presence that stretches back nearly two decades. The new plant will allow for growth and quicker delivery to BIOMIN distributors and customers in new and existing markets throughout […]