Grivalia Properties’ Luxembourg-based subsidiary Grivalia Hospitality SA on Tuesday announced its first investment, which concerns the acquisition of a 60 percent stake in the Pearl Island project in Panama from Dolphin Capital Investors. The agreed price is 27 million euros in cash, Grivalia stated, of which 1 million has already been disbursed as an advance […]
Between January and November 2016 imports of standard and luxury cars fell by 5% and 15% compared to the same period in 2015, respectively, while pickups grew by 20%. Data from the General Comptroller of the Republic shows that total imports of new vehicles grew by 3.2% in the first eleven months of the year […]
A tender has been launched for the construction of a hospital in Cocle and the new headquarters of the Faculty of Medicine at the University of Panama, including the provision and installation of medical and nonmedical equipment for both infrastructures. Panama Government Purchase 2016-0-12-0-02-LV-020565: “Study, design blueprint for implementation of design and development of final […]
When Tanya Schramek signed her son up for martial arts, she never expected she would find herself in a uniform. But a short while later, she’s heading to an international championship. Schramek is part of the Team Canada contingent that will travel to Panama on Jan. 6 for the annual invitational tournament, which brings martial […]
PANAMA CITY Panama’s attorney general said on Thursday Brazilian construction company Odebrecht has made a verbal agreement to pay $59 million in reparations for bribes it paid in Panama to win business in the country between 2010 in 2014. The sum is the amount in bribes Odebrecht admitted paying to officials and intermediaries in the […]
My friend Bryan Bogensberger is organizing another first for Panama: A conference bringing some of the best and brightest in the tech industry to Panama along with nearly 1,000 attendees. The angle is Disruption, and the speakers are genius-level presenters who have made waves in industries from the tech-space to consumer product development. The Westin […]
Sandra Bertrand writes for Highbrow Magazine on her recent visit to Panama. Three destinations? Two sounds like enough. But spending a month in the colorful and sometimes contentious country of Colombia and not making a side trip to the Panama Canal, would be a little like opting for Las Vegas and its desert environs and […]
The Ministry of the Presidency is putting out to tender the study, design and construction of a project to improve the water system in the City of Panama. “The objective is the study, design and construction for the extension of the Hydraulic Ring towards Panama East, including the Maria Henriquez 2 Line, the Oriente 2 […]
Two sons of Panamanian ex-president Ricardo Martinelli have denied reports that they had received USD 6 million intended as a bribe for their father from Brazilian construction giant Odebrecht. Ricardo Martinelli Linares and Luis Enrique Martinelli Linares said in a statement that news reports linking them to a USD 6 million payment aimed at securing […]
Panama City will host the second annual Aero Expo Panama Pacifico (AEPP) business aviation show from April 20 to 21, 2017 at the Panama Pacifico International Airport. Organizers say they expect to double the number of visitors from the 500 who came to the 2016 event to 1,000 next year. According to AEPP officials, the […]