Cable Onda S.A., Cable & Wireless Panama and Liberty Technologies won the 4 year contracts to implement the service of nationwide public internet access in Panama. The tender aims to provide WiFi Internet Access Points in three regions and a system for administration of the network. The winning companies were Cable Onda, S.A., Cable & Wireless Panama, […]
The Panama Canal Authority (ACP) has entered into a Memorandum of Understanding with major U.K. ports operator, Peel Ports, who own the Port of Liverpool, as the latter gears up for the formal opening of its Liverpool2 container terminal in early November. The formal agreement creates a strategic alliance aimed at facilitating international trade and […]
Wingstop Inc. has signed new deals to expand into Colombia and Panama, the company said Friday. The Dallas-based chicken wing chain has signed an agreement with Colowing S.A. de C.V to open 30 new franchised locations in the two Latin American countries over the next five years. The 914-unit chain already has more than 60 […]
The Panama Canal is likely to attract up to 15 percent more tonnage next year after an upgrade which means it can now accommodate gas tankers previously too large to transit, its operator said. The expanded canal opened in June, fitted with new locks that allow ships three times bigger than previously to pass through. […]
The budget for 2017 approved by the Congress includes $4.764 billion in investments, of which $632 million will go to Metro de Panama. From a statement issued by the National Assembly of Panama: NFPS investment amounts to 4.764 million dollars. 632 million designated for Lines 1, 2 and 3 of Metro de Panama. The National […]
The reorganization process and subsequent sale of the Panamanian bank has been extended for 90 days, and eleven local and two foreign banking groups are interested in the process. From a statement issued by the Superintendency of Banks in Panama: Through Resolution SBP-0198-2016 of October 27, 2016, the Superintendency of Banks ordered an extension to […]
The National Assembly has passed a law which creates the National Securities Commission and regulates securities and OTC negotiations. From a statement issued by the National Assembly of Panama: The full National Assembly approved on its third reading Bill No. 360 amending the only text of Decree Law 1 of 1999, which created the National […]
The Littoral Combat Ship USS Montgomery (LCS-8) suffered damage during a transit through the Panama Canal on its way to its new homeport in San Diego, Calif., USNI News has learned. Montgomery, was crossing from the Atlantic to the Pacific when the LCS collided with one of the walls of the lock and suffered damage […]
Here we go with the holiday season! Banks are closed and the town is packed with visitors ready to celebrate with parades, poleras and more. November in Panama has lots of Independence celebrations. On November 3 is celebrated the Independence of Panama from Colombia in 1903, also known as Colon Day, that jump starts Panama’s […]
Derek Sambrook, Managing Director at Trust Services, S.A. sent me this article that he wrote about the resignation of Joseph Stglitz from the Panama Papaers committee. “ Now we have the unfortunate resignation in August of Messrs. Stiglitz and Pieth from the Panama Papers committee, an embarrassment to the Panamanian government and which has been […]