The prices of all varieties rose in January, especially Robusta, which increased by 6% compared to December, reaching the highest monthly level since September 2011. From a report by the International Coffee Organization: In January, the coffee market recovered from the fall in prices which was recorded towards the end of last year. While a […]
With 33% of Metro 3 under completion,a call has been made for expressions of interest to develop a pre-feasibility study for a new network master plan for the Panama Metro system, with emphasis on lines 4 and 5. From the announcement made by the Panama Metro Secretariat: The general objective of the consulting services for […]
The Panama Canal has set another record with transporting 36.1m of tonnes (Panama Canal tonnes PC/UMS) during the month of January 2017. During the month the canal registered the transit of 1,260 ships through both the expanded and original locks. The previous record was set in December 2016, when 1,166 ships transited the waterway for […]
Panama continues to have the cheapest prices for fuel. Why are neighboring countries so much more. See what the Ministry of Economy in El Salvador says and please, someone translate this for me… Price of gallon of regular gasoline: Costa Rica $3.94, Nicaragua $3.47, Honduras $3.43, Guatemala $2.89, El Salvador $2.86 y Panama $2.70. From […]
Panama has registered an 8% increase in bunker sales volume for 2016 over the previous year, according to preliminary data from The Panama Maritime Authority (AMP). In 2016, Panama sold approximately 4m tonnes of bunker fuels, up from 3.72m tonnes sold in 2015 and a stronger 25% jump over the 3.2m tonnes sold in 2014, […]
David Loe continues his story of travel to Panama Last week I wrote about the pleasure of departing on a cruise from Southern California. The itinerary I selected is a Panama Canal cruise that started in Los Angeles and concludes in Florida. Now a week later our ship is actually ready to transit the famed […]
President Donald Trump discussed what the White House calls “shared priorities” in phone calls to the leaders of Panama and the twin-island nation of Trinidad and Tobago. In statements late Sunday, the White House says Trump spoke to President Juan Carlos Varela of Panama and Prime Minister Keith Rowley of Trinidad and Tobago. Trump […]
Wow, this would make an incredible fishing boat where we could be on the fish in 15 minutes!! The Panamanian National Naval Air Service (SENAN) has commissioned four new Damen Interceptor 1102 fast craft that were delivered by Panama’s president Juan Carlos Varela on 6 February. Varela noted that the craft will help Panama strengthen […]
Seth McNew writes for The Motely Fool about retiring in Panama. Retiring abroad might be much easier than you think. Here’s how Panama welcomes retirees with open arms, and what you need to know before you make the jump. Retirement can be costly. With the average life expectancy rising, and the costs of healthcare, insurance, […]
While the exit of Odebrecth has caused pain here in Panama, life will go on and things will get done, albeit later than anticipated. Reports state that the swiss UBS and Mexico’s Inbursa are the banks that could lead the new financing structure for finishing construction of Line 2, which is currently 33% complete. Following […]